Thursday, April 23, 2009

Goodrich 1Q report

CHARLOTTE, N.C. - Goodrich Corp. reported an increase in first-quarter net income to $170 million, up from earnings of $158 million a year ago. Sales fell 2.8 percent to nearly $1.7 billion in the latest quarter. Goodrich attributes the lower revenue to economic conditions and the residual impact of the 2008 Boeing machinists’ strike on the company’s major market channels. (Source: PRNewswire, 04/23/09) Gulf Coast note: Goodrich operates a service center in Foley, Ala.