Goodrich reports first quarter 2011 net income of $195 million

Goodrich reported first quarter 2011 net income of $195 million, on sales of $1,896 million. In the first quarter 2010, the company reported net income of $111 million on sales of $1,695 million. Full year 2011 outlook for net income per diluted share increased to $5.40 – $5.55, compared to the prior outlook of $5.30 – $5.45. Sales are now expected to be about $7.8 billion, compared to the prior outlook of $7.7 – $7.8 billion. The outlook for net cash provided by operating activities, minus capital expenditures, is unchanged and is expected to exceed 85% of net income.