Goodrich Corp. (GR: Quote) reported fourth quarter net income of $237.9 million or $1.85 per share, up from $148.3 million, or $1.16 per share in the year ago quarter.
The increase in net income is attributable primarily to the impact of sales growth in all of the company's major market channels, strong operational performance, and ongoing success on continuous improvement initiatives.
Sales were $2.145 billion, up from $1.806 billion in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.57 per share on revenues of $2.13 billion for the quarter. Analysts' estimates typically exclude special items.
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by RTT Staff Writer
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