Thanks to sales increasing by about 17 percent, Goodrich Corp. reported higher profit in the second quarter of 2011.
For the quarter, the Charlotte-based company said it had net income of $177 million, or $1.38 per diluted share, on sales of $2 million. In the second quarter of last year, net income was $159 million, or $1.24 per diluted share, on sales of $1.7 million.
The company said it expects 2011 sales to be around $8.1 billion, 16 percent higher than 2010 sales.
It has also increased its outlook for 2011 net income per diluted share to $5.85 to $6, up more than 30 percent from $4.51 in 2010. The previous outlook for net income per diluted share was $5.40 to $5.55.
Goodrich services the aerospace, defense and homeland security markets.