Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties
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.
