Operating income in the first quarter edged up 82% or $62 million at $138 million from the previous quarter as a result of the restructure of the automotive business, productivity improvements and strong demand in the the aerospace and IGT markets continue that continued to spur volumes.


The company repurchased 14 million shares in the quarter and debt to capital ratio was 31.5% and return on capital for the trailing four quarters was 10.7%.