Goodrich released that second quarter 2009 net income per diluted share of $1.40 decreased 3% compared to second quarter 2008 net income per diluted share of $1.45. Second quarter 2009 results include income from discontinued operations of approximately $0.25 per diluted share primarily related to resolution of a past environmental claim, part of which was included in the company’s prior outlook.
Second quarter 2009 sales of $1,700 million decreased 8% compared to second quarter 2008 sales of $1,849 million, including sales reductions of $91 million related to foreign currency exchange rate impacts and for lowered sales resulting from the formation of the engine controls joint venture with Rolls-Royce. Full year 2009 net income per diluted share is now expected to be in the range of $4.60 – $4.75, compared to a previous range of $4.50 – $4.75.
