Goodrich Corporation reported third quarter 2008 results and provided an outlook for full year 2008 and 2009. In Q3 2008, sales increased 11% to $1.77 billion and income per share grew 34% to $1.33. For full year 2008, the company increased EPS guidance to $4.90-$5.00, representing approximately 30-32% growth over 2007. For 2009, the company expects sales growth of 8-10% and EPS growth of 2-8% despite headwinds such as higher pension costs and foreign exchange impacts.
Goodrich Corporation reported fourth quarter and full year 2008 results on February 4, 2009. The document discusses:
1) Forward-looking statements about future plans, objectives, and performance are based on reasonable assumptions but actual results may differ due to various risks and uncertainties.
2) The commercial aerospace industry faces challenges from the health of the global economy and airline industry, as well as demand for new and existing aircraft models.
3) Global passenger capacity growth has slowed as airlines cut capacity due to high fuel prices and declining demand, primarily by grounding older aircraft.
Finding The Upside In The Downturn Cme 4 June09 V Fwilliesandjoe
The document summarizes the current economic downturn and its impact on the chemical industry. It notes that until 2008, the chemical industry was doing well financially but the global financial crisis created difficult conditions described as a "perfect storm." It suggests that tough times will continue through 2009 and full recovery may not occur until 2012-2013. However, it also argues that the downturn presents opportunities for companies to change their strategies and business models in ways that could improve their competitive positions long-term. Mergers and acquisitions may continue to impact the industry as companies adapt to the new environment.
The document provides an overview of CMC's business model which focuses on vertical integration, product diversification, and global geographic dispersion. It then discusses CMC's current market conditions and outlook across different geographic regions and product lines, including details on earnings expectations, capital investment projects, and quarterly financial statistics. The document also reviews factors influencing costs and selling prices for CMC's various steel manufacturing operations in North America.
The document provides an overview of CMC's business model, current market conditions, earnings results, and operational metrics for the third quarter of 2008. It discusses CMC's strategy of vertical integration, product diversification, and global geographic dispersion. It also reviews demand trends, input costs, earnings, investments, segment performance, and operational details.
Cushman & Wakefield - North American Industrial Market Beat - Mid-Year 2012Katie Madanat
1) The document provides an economic overview of North America and discusses uncertainty in the US economy from issues in Europe and China.
2) It notes declines in US manufacturing in June 2012 and orders but that manufacturing activity revived in Canada in the first half of 2012.
3) Demand remains expansionary across most Canadian industrial real estate markets but challenging global conditions are translating to more caution in occupancy decisions, with stronger momentum in western Canadian markets like Alberta.
First Quarter Review of Monetary Policy 2012-13Ankur Pandey
The Reserve Bank of India document provides an overview of the state of the global and domestic economies. Globally, growth is slowing down across major advanced and emerging economies. In the euro area, risks remain from the fiscal and financial stability issues. Domestically, GDP growth is decelerating while inflation remains high. Monsoon rainfall so far has been below average.
This document provides an overview and summary of economic conditions in the first half of 2011. It discusses factors such as declines in stock market indexes, increases in unemployment, weakness in the housing market, high government debt levels, and inflation concerns. It also summarizes projections from economists for modest GDP growth, gradual declines in unemployment, mild home price increases, and contained inflation through 2012. However, it notes significant challenges and uncertainties remain in achieving these projections.
At the 2013 Fieldbus Foundation General Assembly in Shanghai, China on March 14, 2013, Mr. Lin Rong from Sinopec delivered a Keynote presentation to the crowd of roughly 250 people. This is the English version of his presentation.
Goodrich Corporation reported fourth quarter and full year 2008 results on February 4, 2009. The document discusses:
1) Forward-looking statements about future plans, objectives, and performance are based on reasonable assumptions but actual results may differ due to various risks and uncertainties.
2) The commercial aerospace industry faces challenges from the health of the global economy and airline industry, as well as demand for new and existing aircraft models.
3) Global passenger capacity growth has slowed as airlines cut capacity due to high fuel prices and declining demand, primarily by grounding older aircraft.
Finding The Upside In The Downturn Cme 4 June09 V Fwilliesandjoe
The document summarizes the current economic downturn and its impact on the chemical industry. It notes that until 2008, the chemical industry was doing well financially but the global financial crisis created difficult conditions described as a "perfect storm." It suggests that tough times will continue through 2009 and full recovery may not occur until 2012-2013. However, it also argues that the downturn presents opportunities for companies to change their strategies and business models in ways that could improve their competitive positions long-term. Mergers and acquisitions may continue to impact the industry as companies adapt to the new environment.
The document provides an overview of CMC's business model which focuses on vertical integration, product diversification, and global geographic dispersion. It then discusses CMC's current market conditions and outlook across different geographic regions and product lines, including details on earnings expectations, capital investment projects, and quarterly financial statistics. The document also reviews factors influencing costs and selling prices for CMC's various steel manufacturing operations in North America.
The document provides an overview of CMC's business model, current market conditions, earnings results, and operational metrics for the third quarter of 2008. It discusses CMC's strategy of vertical integration, product diversification, and global geographic dispersion. It also reviews demand trends, input costs, earnings, investments, segment performance, and operational details.
Cushman & Wakefield - North American Industrial Market Beat - Mid-Year 2012Katie Madanat
1) The document provides an economic overview of North America and discusses uncertainty in the US economy from issues in Europe and China.
2) It notes declines in US manufacturing in June 2012 and orders but that manufacturing activity revived in Canada in the first half of 2012.
3) Demand remains expansionary across most Canadian industrial real estate markets but challenging global conditions are translating to more caution in occupancy decisions, with stronger momentum in western Canadian markets like Alberta.
First Quarter Review of Monetary Policy 2012-13Ankur Pandey
The Reserve Bank of India document provides an overview of the state of the global and domestic economies. Globally, growth is slowing down across major advanced and emerging economies. In the euro area, risks remain from the fiscal and financial stability issues. Domestically, GDP growth is decelerating while inflation remains high. Monsoon rainfall so far has been below average.
This document provides an overview and summary of economic conditions in the first half of 2011. It discusses factors such as declines in stock market indexes, increases in unemployment, weakness in the housing market, high government debt levels, and inflation concerns. It also summarizes projections from economists for modest GDP growth, gradual declines in unemployment, mild home price increases, and contained inflation through 2012. However, it notes significant challenges and uncertainties remain in achieving these projections.
At the 2013 Fieldbus Foundation General Assembly in Shanghai, China on March 14, 2013, Mr. Lin Rong from Sinopec delivered a Keynote presentation to the crowd of roughly 250 people. This is the English version of his presentation.
El documento describe la evolución de Internet desde ARPANET hasta la Web 4.0, pasando por la Web 2.0 y Web 3.0. ARPANET conectaba 4 ordenadores en EEUU de forma secreta. La Web 2.0 permite a los usuarios interactuar y crear contenido. La Web 3.0 permite expresar lenguaje natural e interpretable por software. La Web 4.0 es un sistema operativo virtual que cumple con ser usable, accesible, indexable y actualizable.
El documento describe un sistema para detectar cámaras y celulares en museos y conciertos donde no están permitidos. Utilizará OpenCV y Python para procesar imágenes, detectar formas como cámaras, y reconocer líneas para identificar objetos prohibidos y alertar a los guardias.
This document provides instructions for logging onto a school's computer network. It explains that students will be given a username based on their name and year, and will need to choose a password with a capital letter, number, and symbol. It also states that students must agree to the network policies and rules before they can access their home folder on the school server and use shared printers. The document guides students through logging on, changing their password, and reviewing the simplified rules before practicing logging on and off multiple times.
This document contains Danny Gallegos' personal statement, resume, and reflection for his undergraduate ePortfolio. In the personal statement, Danny discusses having lived an unusual life with experiences ranging from an abusive father to hosting dignitaries. He expresses a desire to continue learning about psychology and helping others through difficult times. The resume highlights his experience managing businesses and using counseling skills to assist others. In his reflection, Danny describes Argosy University as his "Sherpa" that has guided him on his educational journey and helped him gain knowledge and skills across various fields through supportive professors.
This document provides information on supported platforms and APIs for geolocation features in mobile apps. It lists compatible operating systems like Android 2.0+, iOS 3.0+ and others. It also details common geolocation coordinates that can be accessed like latitude, longitude, altitude and accuracy. Finally it provides some example use cases for geolocation like wayfinding, showing nearby information, and associating locations with actions.
O documento descreve atividades em que estudantes produzem histórias românticas e cartões de amizade para crianças de pré-escola com base em imagens e jogos. Os estudantes compartilham suas histórias com colegas e escrevem mensagens de amizade em corações para as crianças.
This document provides an overview of the capabilities and experience of Creatalytic Marketing. It outlines the owner's 30 years of experience in strategic marketing, branding, and client services across various industries. Specific areas of expertise are listed, along with examples of category and brand experience. The document concludes by providing references from past clients.
The document lists the operating hours for various facilities on Joint Base Myer-Henderson Hall for the Martin Luther King Jr. federal holiday on January 19. Most activities will be closed for the holiday, while some facilities like the bowling center, barber shops, and exchanges will have limited operating hours. Military personnel will also have a training holiday on January 16.
Marcadores de livros criados pelo aluno João Moniz, do 12º 17, durante as horas atribuídas na biblioteca escolar, da Escola Secundária da Amadora - Agrupamento de Escolas Pioneiros da Aviação Portuguesa, com o objetivo de divulgar os poemas apresentados no concurso de poesias de natal.
Este documento descreve os serviços de termografia e manutenção especializada oferecidos pela empresa REDMIL. A empresa fornece análises de condição operacional, manutenção preditiva e corretiva, montagem e manutenção de sistemas AVAC, utilizando termografia e outros métodos não destrutivos como ultravioletas e ultrassons. A REDMIL tem mais de 25 anos de experiência em termografia e atende uma variedade de clientes industriais e de serviços.
El documento describe una sesión de composición musical en la aplicación MyMusic. El usuario Fito19 está trabajando en una canción llamada "Rojitas Las Orejas" y grabando la primera parte. Edita la progresión de acordes y guarda sus cambios antes de cerrar sesión y salir de la aplicación.
Leonard Wilson Sr. passed away on March 13, 2102 at the age of 53. He was a loving husband, father, brother, and friend who was well respected by all who knew him. His family expresses how much he will be missed and that God has special plans for him in heaven. They take comfort knowing they will see him again in the afterlife.
Goodrich Corporation reported fourth quarter and full year 2008 results. Sales for Q4 2008 increased 2% to $1.695 billion compared to Q4 2007. Net income for Q4 2008 increased 29% to $169 million versus Q4 2007. For the full year 2008, sales increased 10% to $7.062 billion and net income increased 41% to $681 million compared to 2007. Goodrich expects sales in 2009 to be between $7.1-7.2 billion, about 1-2% growth over 2008. Net income per share for 2009 is forecast to be $4.50-$4.90.
Goodrich Corporation provided an overview of its 2008 financial results and 2009 outlook. Key points include:
- 2008 sales were $7.062 billion, with aftermarket sales representing 45% of total. Commercial aerospace was the largest market channel.
- The global economy deteriorated sharply in late 2008, but fuel prices have stabilized in the $40-60 range. Global passenger capacity growth is expected to decline in 2009 as airlines cut flights.
- Goodrich expects 2009 sales to increase 1-2% to $7.1-7.2 billion, with commercial OE deliveries up 3-5% and defense/space up 5%. Regional aircraft and aftermarket sales are expected to be flat.
El documento describe la evolución de Internet desde ARPANET hasta la Web 4.0, pasando por la Web 2.0 y Web 3.0. ARPANET conectaba 4 ordenadores en EEUU de forma secreta. La Web 2.0 permite a los usuarios interactuar y crear contenido. La Web 3.0 permite expresar lenguaje natural e interpretable por software. La Web 4.0 es un sistema operativo virtual que cumple con ser usable, accesible, indexable y actualizable.
El documento describe un sistema para detectar cámaras y celulares en museos y conciertos donde no están permitidos. Utilizará OpenCV y Python para procesar imágenes, detectar formas como cámaras, y reconocer líneas para identificar objetos prohibidos y alertar a los guardias.
This document provides instructions for logging onto a school's computer network. It explains that students will be given a username based on their name and year, and will need to choose a password with a capital letter, number, and symbol. It also states that students must agree to the network policies and rules before they can access their home folder on the school server and use shared printers. The document guides students through logging on, changing their password, and reviewing the simplified rules before practicing logging on and off multiple times.
This document contains Danny Gallegos' personal statement, resume, and reflection for his undergraduate ePortfolio. In the personal statement, Danny discusses having lived an unusual life with experiences ranging from an abusive father to hosting dignitaries. He expresses a desire to continue learning about psychology and helping others through difficult times. The resume highlights his experience managing businesses and using counseling skills to assist others. In his reflection, Danny describes Argosy University as his "Sherpa" that has guided him on his educational journey and helped him gain knowledge and skills across various fields through supportive professors.
This document provides information on supported platforms and APIs for geolocation features in mobile apps. It lists compatible operating systems like Android 2.0+, iOS 3.0+ and others. It also details common geolocation coordinates that can be accessed like latitude, longitude, altitude and accuracy. Finally it provides some example use cases for geolocation like wayfinding, showing nearby information, and associating locations with actions.
O documento descreve atividades em que estudantes produzem histórias românticas e cartões de amizade para crianças de pré-escola com base em imagens e jogos. Os estudantes compartilham suas histórias com colegas e escrevem mensagens de amizade em corações para as crianças.
This document provides an overview of the capabilities and experience of Creatalytic Marketing. It outlines the owner's 30 years of experience in strategic marketing, branding, and client services across various industries. Specific areas of expertise are listed, along with examples of category and brand experience. The document concludes by providing references from past clients.
The document lists the operating hours for various facilities on Joint Base Myer-Henderson Hall for the Martin Luther King Jr. federal holiday on January 19. Most activities will be closed for the holiday, while some facilities like the bowling center, barber shops, and exchanges will have limited operating hours. Military personnel will also have a training holiday on January 16.
Marcadores de livros criados pelo aluno João Moniz, do 12º 17, durante as horas atribuídas na biblioteca escolar, da Escola Secundária da Amadora - Agrupamento de Escolas Pioneiros da Aviação Portuguesa, com o objetivo de divulgar os poemas apresentados no concurso de poesias de natal.
Este documento descreve os serviços de termografia e manutenção especializada oferecidos pela empresa REDMIL. A empresa fornece análises de condição operacional, manutenção preditiva e corretiva, montagem e manutenção de sistemas AVAC, utilizando termografia e outros métodos não destrutivos como ultravioletas e ultrassons. A REDMIL tem mais de 25 anos de experiência em termografia e atende uma variedade de clientes industriais e de serviços.
El documento describe una sesión de composición musical en la aplicación MyMusic. El usuario Fito19 está trabajando en una canción llamada "Rojitas Las Orejas" y grabando la primera parte. Edita la progresión de acordes y guarda sus cambios antes de cerrar sesión y salir de la aplicación.
Leonard Wilson Sr. passed away on March 13, 2102 at the age of 53. He was a loving husband, father, brother, and friend who was well respected by all who knew him. His family expresses how much he will be missed and that God has special plans for him in heaven. They take comfort knowing they will see him again in the afterlife.
Goodrich Corporation reported fourth quarter and full year 2008 results. Sales for Q4 2008 increased 2% to $1.695 billion compared to Q4 2007. Net income for Q4 2008 increased 29% to $169 million versus Q4 2007. For the full year 2008, sales increased 10% to $7.062 billion and net income increased 41% to $681 million compared to 2007. Goodrich expects sales in 2009 to be between $7.1-7.2 billion, about 1-2% growth over 2008. Net income per share for 2009 is forecast to be $4.50-$4.90.
Goodrich Corporation provided an overview of its 2008 financial results and 2009 outlook. Key points include:
- 2008 sales were $7.062 billion, with aftermarket sales representing 45% of total. Commercial aerospace was the largest market channel.
- The global economy deteriorated sharply in late 2008, but fuel prices have stabilized in the $40-60 range. Global passenger capacity growth is expected to decline in 2009 as airlines cut flights.
- Goodrich expects 2009 sales to increase 1-2% to $7.1-7.2 billion, with commercial OE deliveries up 3-5% and defense/space up 5%. Regional aircraft and aftermarket sales are expected to be flat.
Goodrich Corporation provided an overview of its 2008 financial results and 2009 outlook. Key points include:
1) Aftermarket sales represented 45% of total 2008 sales of $7.062 billion and are expected to be flat in 2009.
2) Commercial OE sales, which made up 34% of 2008 sales, are forecast to grow 3-5% in 2009, slower than the 7% growth in 2008.
3) Defense and space sales, which accounted for 25% of 2008 sales, are estimated to increase 5% in 2009, similar to the 11% growth in 2008.
4) EPS in 2009 is projected to decline 8-16% from $5.33 in 2008 to
Goodrich Corporation reported its first quarter 2009 results with the following key highlights:
- Sales decreased 3% to $1.696 billion compared to first quarter 2008 due to impacts from the Boeing strike and foreign exchange rates.
- Net income per share increased 10% to $1.35 compared to first quarter 2008.
- The full year 2009 sales outlook is $6.9 billion, a decrease of 2-3% compared to 2008.
- The full year 2009 earnings per share outlook is $4.50-$4.75, lower than 2008 due to higher pension expenses.
Charles Szews, President and COO of Oshkosh Corporation, presented at the Cowen and Company Aerospace & Defense Conference on February 5, 2009. He discussed Oshkosh's business segments, products, competitive advantages, challenges, and actions taken in response to the economic downturn. Key points included reduced revenues and earnings in Q1 2009, cost reduction efforts, and focus on core businesses with strong backlogs like defense and fire apparatus that have gained market share.
Suncor Energy reported a net loss in Q1 2009 due to lower commodity prices, partially offset by increased downstream margins and lower oil sands royalties. Excluding one-time items, earnings were $227 million. Oil sands production averaged 278,000 barrels per day, a record. The merger with Petro-Canada will create a leading Canadian energy company. Key capital projects remain on track for completion in Q3 2009 which will improve reliability and productivity.
Embraer Day NY 2009 - Apresentação Aviação ExecutivaEmbraer RI
This document provides an executive summary of Embraer's 9th Annual Analyst & Investor Meeting. It includes forward-looking statements and discusses trends in global GDP growth rates, the used aircraft market and inventory levels, changes in used aircraft asking prices, Embraer's product portfolio including the Phenom 100 and 300 jets, and new programs like the Legacy 450/500 and Lineage 1000. It also touches on Embraer's customer support solutions like its service center network and training programs.
Embraer Day 2009 NY - Executive Jets PresentationEmbraer RI
The document provides an executive overview of Embraer's executive aviation business at their 9th annual analyst and investor meeting. It includes forward-looking statements and discusses trends in the global and used aircraft markets in 2009, such as declining GDP growth forecasts and rising aircraft inventories putting downward pressure on used aircraft prices. The presentation also profiles Embraer's Phenom 100 light jet and its certified performance specifications.
2009* Embraer Day Ny 2009 ApresentaçãO AviaçãO ExecutivaEmbraer RI
This document provides an executive summary of Embraer's 9th Annual Analyst & Investor Meeting. It includes forward-looking statements and discusses trends in global GDP growth rates, the used aircraft market and inventory levels, changes in used aircraft asking prices, Embraer's product portfolio including the Phenom 100 and 300 jets, and plans for new Legacy series jets. It also summarizes certification data and customer support services.
Expeditors International of Washington 8-k_03-17-09finance39
This document provides responses to questions about Expeditors' financial performance in the third and fourth quarters of 2008. It discusses trends in airfreight and ocean container volumes, gross yields for different business lines, legal costs, sources of other income, and the impact of foreign exchange on earnings. The responses are detailed explanations with context about the company's business and policies.
Gm Events & Presentations Credit Suisse Group International Investor Conferen...Manya Mohan
The document summarizes General Motors' performance in Europe in the first half of 2008. It notes that GM Europe achieved record sales of 1.16 million vehicles despite challenging market conditions. Key initiatives discussed include a focus on growth in Central and Eastern Europe, expanding the Chevrolet brand, improving revenue and margins, and restructuring manufacturing operations to lower costs.
04 01 2009 I Embraer Day 2009 Ny Executive Jets PresentationEmbraer RI
This document provides an overview of Embraer's executive aviation business from its 9th US Annual Analyst & Investor Meeting. It discusses Embraer's executive jet product portfolio including the Phenom 100 and 300, Legacy 450/500, and Lineage 1000. Performance data for these models is presented. It also summarizes Embraer's customer support solutions including its growing global service center network and training programs.
01 04 2009 I Embraer Day Ny 2009 ApresentaçãO AviaçãO ExecutivaEmbraer RI
This document provides an overview of Embraer's executive aviation business from its 9th US Annual Analyst & Investor Meeting. It discusses Embraer's executive jet product portfolio including the Phenom 100 and 300, Legacy 450/500, and Lineage 1000. Performance data for these models is presented. It also summarizes Embraer's customer support solutions including its growing global service center network and training programs.
caterpillar Robert W. Baird & Co Industrial Conferencefinance5
This document provides an update from Caterpillar on their financial outlook. It summarizes Q3 2008 results which showed sales and revenue growth as well as maintained EPS outlook for 2008. It then discusses expectations for a slowing economy in North America and Europe in 2009, but continued growth in emerging markets. Caterpillar expects their 2009 sales and revenues to be about the same as 2008 due to factors like commodity demand and their backlog.
caterpillar Goldman Sachs Global Industrials Conferencefinance5
This document provides an update from Caterpillar on their financial outlook. It summarizes Q3 2008 results which showed sales and revenue growth as well as maintained EPS outlook for 2008. It then discusses expectations for a decline in global economic growth in 2009, especially in developed regions. However, emerging markets are expected to continue growing albeit at a slower pace. For 2009, Caterpillar expects sales and revenues to remain about the same as 2008 due to factors like commodity demand, their backlog, and price increases.
Marshall Larsen, Chairman, President and CEO of Goodrich, presented at the Lehman Brothers Industrial Select Conference on February 15, 2006. He outlined Goodrich's value proposition, key performance drivers, and financial outlook. Goodrich expects 6% sales growth in 2006 driven by strong growth across commercial and military markets. Margins are projected to increase by over 100 basis points to around 12.5% due to operational excellence initiatives. Earnings per share are forecasted to grow 12-22% in 2006.
This document summarizes Colin I. Welsh's presentation on the global energy outlook. It finds that (1) global oil demand is outstripping supply due to reservoir depletion and underinvestment, leaving little spare production capacity. (2) Unconventional resources and offshore fields will make up an increasing share of global supply. (3) $550 billion or more in annual E&P spending is needed to meet rising demand, but spending trends have lagged. Aberdeen is well-positioned to benefit from opportunities in the global energy industry.
The document provides a summary of GM's preliminary third quarter 2008 results. It reported an adjusted net loss of $4.2 billion compared to a loss of $1.6 billion in the third quarter of 2007. Revenue declined significantly year-over-year in GM's North American and European segments due to weaker industry sales. GM also announced further actions to improve liquidity, including additional cuts to capital expenditures, structural costs, working capital, and salaried employment costs totaling $5 billion through 2009.
Global Financial Crisis And India12345678Jonty Mohta
The document discusses the global financial crisis and its impact on India. It begins by outlining the causes of the crisis, including subprime lending and lax regulation in advanced economies like the US. It then examines the worsening global economic outlook according to IMF forecasts. The document also analyzes the impact of the crisis on India, including reductions in capital flows, stock markets, exports, and foreign exchange reserves. It notes differences between the financial crisis in the US/Europe and in India. Finally, it outlines measures taken by the Reserve Bank of India in response to the crisis, such as expanding rupee liquidity and cutting interest rates.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
1) Oshkosh reported strong third quarter 2007 results with sales increasing 108% to $1.85 billion and operating income up 133% to $192.7 million.
2) Access equipment and defense led the growth in sales and operating income. The acquisition of JLG was accretive to EPS by $0.35 per share.
3) For fiscal year 2007, Oshkosh estimates sales between $6.3-6.35 billion and EPS between $3.35-3.40, and for fiscal year 2008 estimates sales between $7-7.2 billion and EPS between $4.15-4.35.
The document summarizes Oshkosh Truck Corporation's fourth quarter fiscal 2007 earnings conference call. It discusses record sales and operating income for fiscal 2007. Projections are provided for fiscal 2008, estimating sales between $7.1-7.3 billion and operating income between $690-715 million. Segment performances are reviewed, with access equipment and defense highlighted as key growth drivers. Estimates are also given for interest expense, tax rates, capital expenditures and debt levels for fiscal 2008.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
The document summarizes Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. It discusses increases in sales revenue but decreases in operating income and earnings per share compared to the previous year. Several initiatives are mentioned to manage costs and cash flow in changing market conditions. Business segment results are provided, with strength in access equipment and defense but challenges in commercial and fire & emergency sectors.
This document is the transcript from Oshkosh Corporation's earnings conference call for the fourth quarter of fiscal year 2008. It discusses Oshkosh's financial results for Q4 and fiscal year 2008, including sales, operating income, earnings per share, and debt reduction. It also provides an outlook for fiscal year 2009, estimating revenues of $6.3-6.7 billion, operating income of $350-400 million, and EPS of $1.65-2.05. The transcript reviews performance and outlook for each of Oshkosh's business segments and discusses its financing plans.
Robert Bohn and David Sagehorn of Oshkosh Corporation gave a presentation at the Goldman Sachs Conference in November 2008. They discussed Oshkosh's strong financial position and actions taken to reduce costs and debt. While market conditions were volatile due to the economic downturn, Oshkosh was well positioned with backlogs in defense, fire, and refuse collection vehicles. The presentation outlined Oshkosh's segments and strategies to manage through the difficult economy.
1) The document is from a presentation given by Oshkosh executives Charles Szews and David Sagehorn at the R.W. Baird Industrial Conference on November 12, 2008.
2) Oshkosh reported sales increased 13.2% to $7.1 billion in fiscal 2008, with international sales reaching $2.1 billion. However, operating income decreased 1.5% and EPS decreased 5.9% due to non-cash impairment charges.
3) Oshkosh recently secured multiple defense contracts and sees opportunities in the domestic refuse collection vehicle market, but the current market volatility and credit crisis make fiscal 2009 projections difficult given exposure to construction and municipal spending.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
This document contains the transcript from Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. Key highlights include a 6.6% increase in quarterly sales to $1.97 billion but a 5.9% decrease in operating income to $181.2 million. EPS for the quarter decreased 1.7% to $1.19. Oshkosh revised its estimate for full year 2008 EPS to a range of $3.15 to $3.30.
This document summarizes an earnings conference call for Oshkosh Corporation for the fourth quarter of fiscal year 2008. It discusses the company's financial results including a 5.8% increase in sales to $1.9 billion but a 32% decrease in operating income to $122 million. The document also provides an overview of Oshkosh's fiscal year 2008 results and discusses challenges faced in various business segments due to economic conditions. It notes actions taken by the company to reduce costs and debt. An outlook is given for fiscal year 2009 noting market volatility and a plan to drive over $500 million in debt reduction. Business segment results and outlooks are also summarized.
The document outlines an annual investor conference for Goodrich Corporation to be held on October 30, 2003. The morning session will include introductory comments by Marshall Larsen and a financial review by Rick Schmidt. Breakout sessions will cover Airframe Systems, Engine Systems, and Electronic Systems with a panel Q&A. The afternoon will include an informal lunch and company and market overviews by Marshall Larsen.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Unlock Your Potential with NCVT MIS.pptxcosmo-soil
The NCVT MIS Certificate, issued by the National Council for Vocational Training (NCVT), is a crucial credential for skill development in India. Recognized nationwide, it verifies vocational training across diverse trades, enhancing employment prospects, standardizing training quality, and promoting self-employment. This certification is integral to India's growing labor force, fostering skill development and economic growth.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
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 23, 2008 Third Quarter 2008
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. Fuel Price and GDP Growth
Historical and Forecast
Oil Price Economic Growth Forecasts
(2003 to Oct. 15, 2008) (2006 to 2011)
$/bbl Real GDP
Emerg. Asia
Mideast
GLOBAL
South Am.
Dev. Asia
North Am.
Europe
2003 2004 2005 2006 2007 2008
Oil prices increased up to four-fold since The global economy is slowing
2003 but have since retreated Emerging markets continue to grow faster
This spike contributed to airline operating than the developed economies
costs rising by ~25%1 Thus economic conditions are expected
A weaker dollar has provided temporary to affect the industry differently by region
relief to non-US carriers
Note: 1Based on reported Q2 2008 results
4
Source: Seabury Aerospace, Bloomberg (oil prices); IMF WEO October 2008 (GDP),
5. Global Passenger Capacity
Year-over-Year Growth
Year-over-Year Change in Available-Seat-Miles (ASMs)1
Economic Economic Economic
recovery recovery recovery
Gulf War II
and SARS
outbreak
Gulf War I and 9/11 and 2002
1981 recession
1991 recession recession
and oil spike
Airline capacity is highly correlated with economic growth
Global capacity has grown an average 4-5% over the past 30 years
During that period, global capacity has only contracted three times – a slight decline
during the 1981 & 1991 recessions and a larger decline after 9/11
Periods of contraction have been quickly followed by above-trend growth
Note: 1US market used as proxy for world 1980-1990; global data used for 1991-2008
5
Source: Seabury Aerospace, Airline Monitor
6. Global Passenger Capacity
2007-2009 Growth
Year-over-year change in Available-Seat-Miles (ASMs)
8%
6%
Full Year
4% 2008
2% Q4
2009
Q1 Q2 Q3 Full Year
2009 2009 2009 2009
0% Q3
Q1 Q2
2008
2008 2008 Q4
2008
‐2%
2008F vs. 2007 2009F vs. 2008F
‐4%
For most of 2008, capacity was increasing near historical average
Rising fuel prices drove airlines to cut capacity in the backend of 2008
Impact of capacity cuts are expected to be fully felt in 2009 as carriers maintain implemented cuts due
to operational constraints and concerns about slowing demand
Note: Scheduled passenger capacity only
6
Source: Seabury Aerospace
7. Expected Aircraft Retirements
2008-2009
Aircraft1
943
773
170
As a result, airlines continue to ground aircraft
Almost all announced and implemented capacity cuts have been old-gen aircraft
MD80/90, DC9, and 737-300 aircraft continue to be attractive to replace at lower oil prices
Despite the decline in oil prices, airlines have reaffirmed many of their retirement plans
1Expected retirements from Nov. 2008 to end of Nov. 2009
Note: Scheduled passenger aircraft only; excludes potential for later return-to-service
7
Source: Seabury Aerospace, Announced capacity cuts
8. Capacity By Region
2007-2009 Growth
Year-over-Year change in Available-Seat-Miles (ASMs)
10%
2008F vs. 2007
2009F vs. 2008F
6%
2%
North Europe Dev. Asia Emerg. Mideast & South World
‐2%
America Asia Africa America
‐6%
% of total
31% 25% 15% 15% 10% 4% 100%
capacity1
Capacity cuts have been most dramatic and urgent in North America
Europe and Developed Asia have started to reverse previous growth
Emerging Asia and Middle East continue to grow, albeit much more slowly
Note: Scheduled passenger capacity only; 1Based on 2009 split
8
Source: Seabury Aerospace
9. Large Commercial Aircraft
Estimated Capacity Growth from 2008 to 2009
In-Production Slowing or Recently Long Out-of-Production
Out-of-Production
Year-over-Year change in
Available-Seat-Miles (ASMs)
(After '08/'09 retirements)
60% 27% 13%
% of total
20% 16% 15% 9% 9% 7% 6% 5% 6% 3% 1% 1% 2%
capacity1
In-production aircraft are not targeted for grounding to achieve desired capacity cuts
In-production aircraft utilization rates have not dropped and are unlikely to fall
2009 production rates have only been slightly adjusted by OEMs2
Therefore, in-production ASMs are expected to continue to grow and gain share of global capacity
Note: Scheduled passenger capacity excluding regional jets; 1Based on 2009 daily average excluding A380 and 787 which remain small share;
2Excludes impact of continued Boeing strike
9
Source: Seabury Aerospace
10. Large Commercial Aircraft
Fleet Demographics vs.
Goodrich Aftermarket Sales
In Service Fleet Demographics Goodrich Aftermarket Sales
(1/1/08) Distribution (Est. 2008)
In
In Production
Production 80%
Long Out-of- Long O
60% ut-of-P
Production ro
707
727 7 duction
4
A310
DC8 D 7C 737C
31%
C9 DC
MD80 Long Out-of-
L1011 10
Production 8%
4%
Long Out-of-Production
(Less Vulnerable)
2% MD11 MD90
Recently
Recently Out-
Out-of-
of-Production
Production 8%
7%
Goodrich currently expects commercial aftermarket sales to grow 4 – 7 percent in 2009,
compared to 2008
10
11. A320 Deliveries and Installed Base
Delivered Units Installed Base
450 6000
Actual Estimated
400
Installed
5000
base/deliveries
350 subject to major
overhaul in 2008
300 4000
250
Installed 3000
base/deliveries
200 subject to major
overhaul in 2001
150 2000
100
1000
50
0 0
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
A320 Family Deliveries A320 Family Installed Base
2002 – 2003 aftermarket sales based on installed base as of 1995,
2008 and on sales based on deliveries and installed base in 2001 and beyond
11
Source: Airline Monitor, July 2008
12. Large Commercial Airplane Delivery Forecast
1,200
Potential Impact
of Boeing Strike
1,000
800
Units
600
400
200
0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Actuals Goodrich outlook
OEMs have only slightly adjusted production growth rates, and are maintaining discipline
in managing the downturn
Record backlogs also afford flexibility, with some airlines seeking earlier delivery slots
while others look to defer
Demand remains high in Middle East and China (and strongest European and American
12
carriers)
14. Third Quarter 2008 Highlights
Increased quarterly dividend to $0.25 per share, an 11 percent increase
over the previous quarterly dividend of $0.225 per share of common stock
Received a contract from the U.S. Army to provide up to 1,000 Vehicle
Health Management Systems for UH-60A/L Black Hawk helicopters
The five-year Indefinite Delivery, Indefinite Quantity contract is valued at up to
$300 million and covers deliveries through 2013
Selected by Airbus to supply the air data system and ice detection system
for the new A350 XWB commercial aircraft
The awards are expected to generate more than $600 million in original
equipment and aftermarket revenue over 20 years
Goodrich and Rolls-Royce signed a Letter of Intent proposing the
formation of a joint venture company which would develop and supply
engine controls for Rolls-Royce aero engines
Goodrich would retain the aftermarket products and services business
associated with the joint venture's products
Expect to complete the JV around year-end 2008
14
15. Third Quarter 2008 Results and
Full Year 2008 Outlook
Third Quarter 2008 Results
Third quarter 2008 sales of $1,772 million increased 11 percent over third
quarter 2007 sales of $1,602 million
Third quarter 2008 income per diluted share of $1.33 increased 34 percent over
third quarter 2007 income per diluted share of $0.99
Total segment operating income margin increased to 18.2 percent, from 17.2
percent in the third quarter 2007.
Full Year 2008 Outlook
Outlook for net income per diluted share increased to $4.90 - $5.00, from prior outlook of
$4.80 - $4.95
– Approximately 30 - 32% growth over 2007 results
– Includes expected effective tax rate of approximately 32 - 33%, which includes the R&D
tax credit retroactive to 1/1/08
Reduced outlook for sales to approximately $7.1 billion, from prior outlook of $7.3 billion
– Current outlook assumes Boeing strike ends in late October or early November 2008
– Represents growth of about 11% over 2007 results
Net cash provided by operating activities, minus capital expenditures, expected to be about
65% of net income
– Includes anticipated inventory build-up resulting from the Boeing strike
– Capital expenditure outlook unchanged at $275 - $325 million
15
16. Full Year 2009 Outlook
Full Year 2009 Outlook
Sales outlook of $7.7 - $7.8 billion – approximately 8 - 10% growth over
expected 2008 results
– Large commercial OE sales expected to increase about 20%
Assuming the Boeing strike is over in late October or early November
– Large commercial, regional business and general aviation aftermarket sales
expected to increase 4 – 7%
Outlook for net income and income per diluted share from continuing
operations of $5.05 - $5.25 - approximately 2 - 8% growth over
expected 2008 results, including:
– Higher pension expense of up to $0.27 per share
– Full year 2009 tax rate of about 33%
– Unfavorable foreign exchange translation costs of $0.06
– Closing of the Rolls-Royce joint venture around year-end 2008
Net cash provided by operating activities, minus capital expenditures,
expected to be greater than 75% of net income
16
19. Third Quarter 2008 – Financial Summary
Year-over-Year Performance
3rd Qtr 3rd Qtr
(Dollars in Millions, excluding EPS) 2008 2007 Change
Sales $1,772 $1,602 11%
Segment operating income $322 $276 17%
- % of Sales 18.2% 17.2% +1.0%
Income
- Continuing Operations $168 $140 20%
- Net Income $168 $127 32%
Diluted EPS
- Continuing Operations $1.33 $1.10 21%
- Net Income $1.33 $0.99 34%
19
20. First Nine Months 2008 – Financial Summary
Year-over-Year Performance
1st Nine 1st Nine
(Dollars in Millions, excluding EPS) Months Months Change
2008 2007
Sales $5,367 $4,724 14%
Segment operating income $940 $762 23%
- % of Sales 17.5% 16.1% +1.4%
Income
- Continuing Operations $505 $363 39%
- Net Income $513 $351 46%
Diluted EPS
- Continuing Operations $3.97 $2.84 40%
- Net Income $4.03 $2.75 47%
20
21. Third Quarter 2008
Year-over-Year Financial Change Analysis
(Dollars in Millions)
After-tax Net Per Diluted
Item Sales
Income Share
Third Quarter 2007 – Continuing Operations $1,602 $140 $1.10
Increased overall volume, efficiency, mix, other $178 $35 $0.26
Long-term contracts – changes in estimates $12 $0.10
Share-based compensation $8 $0.06
Corp G&A/ERP/Other Income (Expense)
$7 $0.06
(Excluding share based compensation considered above)
Customer Settlements in 2007 ($14) ($0.10)
Higher tax rate in 3Q 2008 vs. 3Q 2007 ($16) ($0.12)
Foreign exchange translation costs ($8) ($4) ($0.03)
Third Quarter 2008 – Continuing Operations $1,772 $168 $1.33
21
22. Third Quarter 2008
Year-over-Year Segment Results
3rd Quarter 3rd Quarter Change
2008 2007
Dollars in Millions $ %
Sales
Actuation and Landing Systems $ 664.2 $ 607.8 $ 56.4 9%
Nacelles and Interior Systems $ 596.5 $ 545.2 $ 51.3 9%
Electronic Systems $ 511.6 $ 448.7 $ 62.9 14%
Total Sales $1,772.3 $1,601.7 $170.6 11%
Segment OI
Actuation and Landing Systems $ 80.0 $ 73.6 $ 6.4 9%
Nacelles and Interior Systems $162.4 $143.6 $18.8 13%
Electronic Systems $ 79.3 $ 58.7 $20.6 35%
Total Segment OI $321.7 $275.9 $45.8 17%
Segment Margin
Actuation and Landing Systems 12.0% 12.1% N/A (0.1%)
Nacelles and Interior Systems 27.2% 26.3% N/A +0.9%
Electronic Systems 15.5% 13.1% N/A +2.4%
Overall Segment Margin 18.2% 17.2% N/A +1.0%
22
23. First Nine Months 2008
Year-over-Year Segment Results
1st Nine Months 1st Nine Months Change
2008 2007
Dollars in Millions $ %
Sales
Actuation and Landing Systems $2,035.9 $1,764.1 $271.8 15%
Nacelles and Interior Systems $1,882.1 $1,625.8 $256.3 16%
Electronic Systems $1,448.6 $1,334.5 $114.1 9%
Total Sales $5,366.6 $4,724.4 $642.2 14%
Segment OI
Actuation and Landing Systems $238.6 $182.0 $ 56.6 31%
Nacelles and Interior Systems $501.9 $404.7 $ 97.2 24%
Electronic Systems $199.8 $175.7 $ 24.1 14%
Total Segment OI $940.3 $762.4 $177.9 23%
Segment Margin
Actuation and Landing Systems 11.7% 10.3% N/A +1.4%
Nacelles and Interior Systems 26.7% 24.9% N/A +1.8%
Electronic Systems 13.8% 13.2% N/A +0.6%
Overall Segment Margin 17.5% 16.1% N/A +1.4%
23
24. Summary Cash Flow Information
Item 3rd Quarter 3rd Quarter
(Dollars in Millions) 2008 2007
Net Income $168 $127
Depreciation and Amortization $65 $67
Working Capital – (increase)/decrease – defined
($72) ($67)
as the sum of A/R, Inventory and A/P
Deferred income taxes and taxes payable $31 --
Accrued expenses, other (including pension contributions) ($51) $87
Cash Flow from Operations $141 $214
Pension Contributions - worldwide ($81) ($13)
Capital Expenditures ($73) ($66)
24
26. First Nine Months 2008 Sales by Market Channel
Total Sales $5.367 Billion
Total Commercial OE
Other
Total Defense and
6%
33%
Space
Boeing
25% Commercial OE
10%
Defense &
Airbus
Space, OE &
Commercial OE
Aftermarket
15%
25%
OE
AM Regional,
Business & Gen.
Av. OE
8%
Large Commercial Aircraft
Aftermarket
29%
Regional, Business &
General Aviation Aftermarket
7%
Total Commercial
Aftermarket
36%
Balanced business mix; aftermarket represents 45% of total sales
26
27. Sales by Market Channel
First Nine Months 2008 Change Analysis
Actual Goodrich Change Comparisons
3Q 2008 vs. 3Q 2008 vs. YTD 2008 vs.
3Q 2007 2Q 2008 YTD 2007
Boeing and Airbus –
Aircraft Deliveries 1% (18%) 14%
OE Production
Regional, Business &
Aircraft Deliveries 29% (5%) 26%
General Aviation - OE
Aftermarket – Large
ASMs, Age, Cycles,
Commercial, Regional, 13% 1% 11%
Fleet size
Business and GA
Defense and Space – US, UK Defense
12% 5% 12%
OE and Aftermarket Budgets
Other IGT, Other 9% (7%) 18%
Goodrich Total Sales 11% (4%) 14%
27