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Article: Goodrich Expects Improved 2001 Results and 2002 Outlook; * 2001 earnings per share from continuing operations expected to exceed $2.80, excluding special items; expectations for 2002 earnings per share from continuing operations increased to $2.45 - $2.55, excluding special items. * Strong growth in free cash flow expected for 2002. * Significant progress made on spin-off of Engineered Industrial Products business.
- Article from:
- PR Newswire
- Article date:
- December 13, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTE, N.C. -- Goodrich Corporation announced today that it expects improved 2001 and 2002 results and that the company has made significant progress on the spin-off of its Engineered Industrial Products (EIP) business.
Full-year 2001 earnings per share from continuing operations, excluding special items, are expected to exceed $2.80, well above the company's prior guidance of $2.65 - $2.75. Continuing operations excludes the company's EIP business as well as the former Performance Materials segment. Special items include merger-related and consolidation costs, gains or losses on sold businesses, asset impairment charges and other restructuring costs.
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