Goodrich 4Q net income rises 41 percent
Published: February 3, 2011
Time posted: 9:39 am
Tags: Goodrich Corp.
Charlotte-based Goodrich Corp. today said it had net income of $148 million, or $1.16 a share, in the fourth quarter of 2010, up 41 percent from net income of $105 million, or 82 cents a share, for the same quarter in 2009.
But the company reported a drop in net income in 2010 from 2009. Net income fell 3 percent to $579 million, or $4.51 a share, from $597 million, or $4.70 a share.
It said the increase in fourth-quarter net income was primarily attributable to sales growth in all of its major markets. During the fourth quarter of 2010, the company had a 52 percent increase — compared with the year-ago quarter — in regional, business and general aviation airplane original equipment sales, among other sales increases.