The Charlotte, North Carolina-based aerospace and industrial products company said it now expects to earn $1.60 per share to $1.75 per share this year, compared with its 6 February earnings forecast of $1.70 per share to $1.85 per share. Analysts polled by Thomson First Call expected earnings of $1.75 per share.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Goodrich said it expected to record an $11.7m pre-tax, non-cash first quarter charge for the write-off of its investment in Cordiem, an e-commerce aerospace venture between suppliers and airlines in which Goodrich had an equity interest. Cordiem has ceased operations, Goodrich said.The company also said it has agreed to sell for $156m the Noveon International "payment-in-kind" notes that it received with the February 2001 sale of its performance materials segment. The note sale should result in a $7m pre-tax first quarter gain, Goodrich said.