Goodrich Corporation reported third quarter 2007 results with year-over-year sales growth of 15% and segment operating income margin expansion of 2.7 percentage points to 17.2%. Income per diluted share from continuing operations increased 39% compared to third quarter 2006. The company also provided outlook for full year 2007 with increased sales and EPS guidance and outlook for 2008 with approximately 11% sales growth and 12-16% growth in income per diluted share from continuing operations.
"Portfolio vision ___Ulla Reimer" is a concept to promote the image of public or private persons. The portfolio vision by Ulla Reimer content 6 to 12 images according to the professional activity or private representation of the person. . For more information about the portfolio vision, please contact by e mail ullareimer3@gmail.com
"Portfolio vision ___Ulla Reimer" is a concept to promote the image of public or private persons. The portfolio vision by Ulla Reimer content 6 to 12 images according to the professional activity or private representation of the person. . For more information about the portfolio vision, please contact by e mail ullareimer3@gmail.com
In this presentation, I discuss personal brand and social capital and how you can be using LinkedIn more effectively to build both. Presented to IABC Calgary on 13 April 2015.
Presentation on a user-led approach to web content based on the principles of simple, clearer, faster. Presented by Carla Scott, Project Manager – ASC & Public Health at East Sussex County Council, at the Adult Social Care Signposting Discovery Day held on 2 March 2015 in London.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
2. Forward Looking Statements
Certain statements made in this presentation are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 regarding the Company's future plans,
objectives and expected performance. The Company cautions readers that any such forward-
looking statements are based on assumptions that the Company believes are reasonable, but are
subject to a wide range of risks, and actual results may differ materially.
Important factors that could cause actual results to differ include, but are not limited to: demand
for and market acceptance of new and existing products, such as the Airbus A350 XWB and A380,
the Boeing 787 Dreamliner, the Embraer 190, the Dassault Falcon 7X, and the Lockheed Martin F-
35 Lightning II and F-22 Raptor; the health of the commercial aerospace industry, including the
impact of bankruptcies and/or mergers in the airline industry; global demand for aircraft spare
parts and aftermarket services; and other factors discussed in the Company's filings with the
Securities and Exchange Commission and in the Company's October 25, 2007 Third Quarter 2007
Results press release.
The Company cautions you not to place undue reliance on the forward-looking statements
contained in this presentation, which speak only as of the date on which such statements were
made. The Company undertakes no obligation to release publicly any revisions to these forward-
looking statements to reflect events or circumstances after the date on which such statements
were made or to reflect the occurrence of unanticipated events.
2
4. Highlights
Board of Directors approved 12.5% dividend increase, payable on January
2, 2008
Announced sale of Aviation Technical Services (ATS) to Macquarie Bank
Limited, expect to realize net cash proceeds of approximately $90 million
All periods reflect ATS as a discontinued operation
Third quarter 2007 results, compared with third quarter 2006
Sales grew 15% - continued significant growth in commercial
aftermarket sales
Segment OI margin increased from 14.5% to 17.2%
Income per diluted share from continuing operations of $1.10 – a 39%
increase over third quarter 2006
– Includes $0.11 per diluted share related to a customer claims
settlement
4
5. 2007 & 2008 Outlook
Full Year 2007 Outlook
Sales outlook adjusted to $6.4 - $6.5 billion – excluding sales
associated with ATS ($6.5 - $6.6 billion previously)
Outlook for income per diluted share from continuing operations
increased to $3.65 - $3.70 ($3.50 - $3.60 per diluted share previously)
Net cash provided by operating activities, minus capital expenditures,
of 60% – 75% of net income (unchanged)
Full Year 2008 Outlook
Sales outlook of $7.1 - $7.2 billion – approximately 11% growth over
expected 2007 results
Outlook for net income and income per diluted share from continuing
operations of $4.15 - $4.30 - approximately 12 - 16% growth over
expected 2007 results
– Includes expected increase in effective tax rate to 33 – 35%
Net cash provided by operating activities, minus capital expenditures,
expected to be greater than 75% of net income
5
6. Delivering Sustained Sales Growth
and Margin Expansion
Sales*
$M Segment Operating Income Margins*
(Trailing Four Qtrs.)
(Trailing Four Qtrs.)
7,000
16.0%
~
2007 Outlook Range
Approximate 2007 Outlook
6,500
14.0%
6,000 12.0%
5,500 10.0%
8.0%
5,000
6.0%
4,500
4.0%
4,000
2.0%
3,500
0.0%
3,000 Q4 Q2 Q4 Q2 Q4 Q2 FY07
Q4 2004 Q2 2005 Q4 2005 Q2 2006 Q4 2006 Q2 2007 FY07 Est. 2004 2005 2005 2006 2006 2007 Est.
* Excluding ATS – now classified as a discontinued operation
6
8. Third Quarter 2007 – Financial Summary
Year-over-Year Performance
3rd Qtr 3rd Qtr
(Dollars in Millions, excluding EPS) 2007 2006 Change
Sales $1,602 $1,395 15%
Segment operating income $276 $202 37%
- % of Sales 17.2% 14.5% +2.7%
Income
- Continuing Operations $140 $100 40%
- Net Income $127 $101 26%
Diluted EPS
- Continuing Operations $1.10 $0.79 39%
- Net Income $0.99 $0.80 24%
8
9. First Nine Months 2007 – Financial Summary
Year-over-Year Performance
1st Nine 1st Nine
(Dollars in Millions, excluding EPS) Months Months Change
2007 2006
Sales $4,724 $4,224 12%
Segment operating income $762 $578 32%
- % of Sales 16.1% 13.7% +2.4%
Income
- Continuing Operations $363 $380* (4%)
- Net Income $351 $383* (8%)
Diluted EPS
- Continuing Operations $2.84 $3.01* (6%)
- Net Income $2.75 $3.04* (10%)
* First nine months 2006 results include tax settlements totaling $145 million, or $1.15 per diluted share
9
10. Third Quarter 2007
Year-over-Year Financial Change Analysis
(Dollars in Millions)
Income per
After-tax
Diluted
Income from
Item Sales Share from
Continuing
Continuing
Ops
Ops
Third Quarter 2006 – Income from Continuing Operations $1,395 $100 $0.79
Increased overall volume, efficiency, mix, other $187 $51 $0.38
Customer settlements $14 $0.11
Foreign exchange translation costs $20 ($3) ($0.02)
Stock-based compensation ($10) ($0.07)
Tax settlements in third quarter 2006 ($14) ($0.11)
Other income (expense) $2 $0.02
Third Quarter 2007 – Income from Continuing Operations $1,602 $140 $1.10
10
11. Third Quarter 2007
Year-over-Year Segment Results
3rd Quarter 3rd Quarter Change
2007 2006
Dollars in Millions $ %
Sales
Actuation and Landing Systems $608 $516 $92 18%
Nacelles and Interior Systems $545 $464 $81 17%
Electronic Systems $449 $415 $34 8%
Total Sales $1,602 $1,395 $207 15%
Segment OI
Actuation and Landing Systems $73 $42 $31 74%
Nacelles and Interior Systems $144 $103 $41 39%
Electronic Systems $59 $57 $2 4%
Total Segment OI $276 $202 $74 37%
Segment Margin
Actuation and Landing Systems 12.1% 8.2% N/A +3.9%
Nacelles and Interior Systems 26.3% 22.2% N/A +4.1%
Electronic Systems 13.1% 13.6% N/A (0.5%)
Overall Segment Margin 17.2% 14.5% N/A +2.7%
11
12. Third Quarter 2007
Sequential Period Segment Results
3rd Quarter 2nd Quarter Change
2007 2007
Dollars in Millions $ %
Sales
Actuation and Landing Systems $608 $589 $19 3%
Nacelles and Interior Systems $545 $534 $11 2%
Electronic Systems $449 $453 ($4) (1%)
Total Sales $1,602 $1576 $26 2%
Segment OI
Actuation and Landing Systems $73 $59 $14 24%
Nacelles and Interior Systems $144 $135 $9 7%
Electronic Systems $59 $63 ($4) (6%)
Total Segment OI $276 $257 $19 7%
Segment Margin
Actuation and Landing Systems 12.1% 10.0% N/A +2.1%
Nacelles and Interior Systems 26.3% 25.3% N/A +1.0%
Electronic Systems 13.1% 13.8% N/A (0.7%)
Overall Segment Margin 17.2% 16.3% N/A +0.9%
12
13. Summary Cash Flow Information
Item 3rd Quarter 3rd Quarter
(Dollars in Millions) 2007 2006
Income from Continuing Operations $140 $100
Depreciation and Amortization $67 $58
Working Capital – (increase)/decrease – defined
($67) ($87)
as the sum of A/R, Inventory and A/P
Deferred income taxes and taxes payable -- ($88)
Accrued expenses, other (including pension contributions) $74 ($19)
Cash Flow from Operations $214 ($36)
Pension Contributions - worldwide ($14) ($86)
Capital Expenditures ($66) ($58)
13
15. First Nine Months 2007 Sales by Market Channel
Total Sales $4,724M
Total Commercial OE
Other
Total Defense and
5%
33%
Space
Boeing
25% Commercial OE
10%
Airbus
Defense &
Commercial OE
Space, OE &
15%
Aftermarket
OE
25%
AM Regional,
Business & Gen.
Av. OE
8%
Large Commercial Aircraft
Aftermarket
30%
Regional, Business &
General Aviation Aftermarket
7% Total Commercial
Aftermarket
37%
Balanced business mix; aftermarket represents 45% of total sales
15
16. Sales by Market Channel
Third Quarter 2007 Change Analysis
Actual Goodrich Change Comparisons
3Q 2007 3Q 2007 First Nine Months
vs. vs. 2007 vs. First Nine
3Q 2006 2Q 2007 Months 2006
Boeing and Airbus –
Aircraft Deliveries 18% 4% 7%
OE Production
Regional, Business &
Aircraft Deliveries 20% (11%) 17%
General Aviation - OE
Aftermarket – Large
ASMs, Age, Cycles,
Commercial, Regional, 16% 1% 17%
Fleet size
Business and GA
Defense and Space – US, UK Defense
9% 4% 8%
OE and Aftermarket Budgets
Other IGT, Other 12% 5% 12%
Goodrich Total Sales 15% 2% 12%
16
18. 2007 & 2008 Sales Expectations
By Market Channel
Full Year 2007 2008
2006 Goodrich Goodrich
Market Market expectations - 2009 and beyond
Growth Growth
Sales Mix
9% Boeing OE Del. Growth continues for 737, 777, A320;
17% Airbus OE Del. A380, 787 and A350 introductions support
deliveries past normal peak
26% Total (GR Weight) ~9% ~20%
7% Regional/Bus/GA ~17% ~13% CF34-10 Engine Nacelles and tail cone on
OE (Weighted) EMBRAER 190 support continued growth through
the cycle
35% Aftermarket ~17% ~8 - 10% Airbus AM growing faster due to fleet aging,
(Commercial/ excellent product positions plus outsourcing trend
Regional/Bus/GA) support higher than market growth rate
26% Defense and Space ~10% ~5 - 8% OE - Positions on funded platforms worldwide, new
OE and Aftermarket products provide stable growth
Aftermarket - Platform utilization, upgrade
opportunities support long-term growth
6% Other ~10% ~10%
100% Total 12 - 14% ~11%
18
19. Aerospace and Defense Themes
Commercial Aircraft Original Equipment Production
New orders for commercial aircraft, including regional aircraft, remain very strong
Manufacturers continue to raise production rates
Strong sales for new models entering production, especially Boeing’s 787 Dreamliner
Deliveries expected to increase an average of 9 percent per year from 2008 through 2010,
currently expect peak in 2011 with slight drop in 2012
Continued strong demand for larger regional jets
Commercial Aircraft Aftermarket Products and Services
Worldwide growth in available seat miles supports demand for replacement parts and
repair and overhaul services
– Expect 4 – 5 percent base volume growth over the long-term
– Consistent and predictable over the cycle
Aging aircraft fleet drives additional growth for many popular models of aircraft
Defense and Space Products and Services
Strong demand for products supporting platforms
– Original equipment and aftermarket
– Good positions on newly funded platforms (e.g. Black Hawk helicopters, F-35)
New opportunities for mission equipment and intelligence, surveillance and
reconnaissance (ISR) products
19
20. 2008 Outlook
P&L Summary ($M)
Estimate Estimate
2007 2008 B/(W)
Sales ~$6.4B $7.1-$7.2B ~11%
EPS (Diluted)
- Continuing Operations $3.65-$3.70 $4.15-$4.30 +12-16%
- Reported $3.55-$3.60 $4.15-$4.30 +15-20%
Net cash provided by operating
activities, minus capital
expenditures, as a percent of net 60 – 75% >75% N/A
income
Capital Expenditures $270 - $290 $250 - $270 ~$20
Effective Tax Rate 31 – 32% 33 – 35% +2%
Strong Sales and EPS growth, improved cash flow and lower capital
expenditures
20