- Goodrich provides an outlook for 2006 with sales expected between $5.6-5.7 billion and EPS expected between $2.25-2.45 per share excluding certain tax settlements.
- Cash flow from operations is expected to be $100-150 million after capital expenditures of $240-260 million. An additional $90 million in cash is expected from the sale of Turbomachinery Products.
- Strong sales and margin growth is expected to continue, with the goal of achieving mid-teens segment operating margins by 2009-2010 through operational excellence and volume leverage on new programs.
Paul Gifford, Vice President of Investor Relations at Gabelli, provides an overview of Goodrich Corporation. Goodrich has leadership positions across aerospace markets with 85% of sales in #1 or #2 market positions. Goodrich expects continued revenue growth over the next several years from commercial aerospace original equipment and aftermarket channels as well as regional jet and defense markets. Goodrich also expects to improve operating margins substantially through at least 2019 through volume leverage, operational excellence, and higher-margin aftermarket growth.
This document provides a summary of Goodrich Corporation's presentation at the Gabelli 11th Annual Aircraft Supplier Conference in New York on September 8, 2005. Goodrich is one of the largest aerospace suppliers worldwide with over 22,100 employees. It has leadership positions in key aerospace markets such as nacelles, engines, sensors, and avionics. New programs like the Airbus A380 and Boeing 787 are expected to provide significant future sales growth opportunities. Goodrich aims to achieve top quartile returns through balanced growth, operational excellence, and effective resource allocation.
The document discusses Goodrich Corporation's outlook for 2006 and beyond. It expects approximately 6% sales growth in 2006 driven by strong demand for new commercial aircraft programs. Margins are projected to increase by around 1 percentage point in 2006 due to operational improvements and volume leverage. Earnings per share are forecasted to increase 12-22% in 2006. Significant cash flow and continued income growth are also anticipated in the coming years.
The document provides an overview of Goodrich Corporation, an aerospace company:
1) Goodrich has leadership positions in key aerospace markets and its portfolio includes nacelles, engines, sensors, avionics, and other products.
2) The company sees balanced growth opportunities across commercial and military markets as well as original equipment and aftermarket sales.
3) Major new programs like the Airbus A380 and Boeing 787 are expected to provide significant future sales as Goodrich supplies various components for these aircraft.
1) Marshall Larsen, Chairman, President and CEO of Bank of America, spoke at the 35th Annual Investment Conference in San Francisco on September 21, 2005.
2) The document contains forward-looking statements and cautions readers that actual results may differ due to risks and uncertainties.
3) It provides an overview of Goodrich Corporation, describing it as one of the largest worldwide aerospace suppliers with the broadest portfolio of products and over 130 years of operating history.
- Marshall Larsen, Chairman and CEO of Goodrich Corporation, presented at the SG Cowen 26th Annual Aerospace Technology Conference on February 8, 2005 in New York City.
- Goodrich is one of the largest aerospace suppliers worldwide with proprietary flight critical products. Key programs discussed included the Airbus A380, Boeing 787, Joint Strike Fighter, and emerging opportunities in defense, space, and new technologies.
- Goodrich expects 2005 sales to be between $5.0-5.1 billion, with growth from new programs and a focus on operational excellence, including lean manufacturing, supply chain management, and cost reduction initiatives.
Marshall Larsen, Chairman and CEO of FBR, outlines Goodrich's value proposition and financial outlook. Key points include:
- Goodrich expects 6% sales growth in 2006 and margin expansion through operational excellence and volume leverage.
- EPS is forecast to grow 12-22% in 2006 from continuing operations.
- Cash flow from operations is expected to be 50-75% of net income, reflecting success of new programs.
- Looking ahead to 2006-2010, Goodrich sees opportunities for top line growth, margin improvement, and sustainable earnings growth beyond the commercial aerospace cycle.
1. Goodrich is one of the largest aerospace suppliers worldwide with a portfolio of flight critical products across commercial, military, and space markets.
2. New programs like the Airbus A380 and Boeing 787 are expected to provide significant future sales growth for Goodrich's nacelles, landing gear, and other systems.
3. The company is focused on operational excellence through lean manufacturing and product development to drive costs savings and improve efficiencies.
Paul Gifford, Vice President of Investor Relations at Gabelli, provides an overview of Goodrich Corporation. Goodrich has leadership positions across aerospace markets with 85% of sales in #1 or #2 market positions. Goodrich expects continued revenue growth over the next several years from commercial aerospace original equipment and aftermarket channels as well as regional jet and defense markets. Goodrich also expects to improve operating margins substantially through at least 2019 through volume leverage, operational excellence, and higher-margin aftermarket growth.
This document provides a summary of Goodrich Corporation's presentation at the Gabelli 11th Annual Aircraft Supplier Conference in New York on September 8, 2005. Goodrich is one of the largest aerospace suppliers worldwide with over 22,100 employees. It has leadership positions in key aerospace markets such as nacelles, engines, sensors, and avionics. New programs like the Airbus A380 and Boeing 787 are expected to provide significant future sales growth opportunities. Goodrich aims to achieve top quartile returns through balanced growth, operational excellence, and effective resource allocation.
The document discusses Goodrich Corporation's outlook for 2006 and beyond. It expects approximately 6% sales growth in 2006 driven by strong demand for new commercial aircraft programs. Margins are projected to increase by around 1 percentage point in 2006 due to operational improvements and volume leverage. Earnings per share are forecasted to increase 12-22% in 2006. Significant cash flow and continued income growth are also anticipated in the coming years.
The document provides an overview of Goodrich Corporation, an aerospace company:
1) Goodrich has leadership positions in key aerospace markets and its portfolio includes nacelles, engines, sensors, avionics, and other products.
2) The company sees balanced growth opportunities across commercial and military markets as well as original equipment and aftermarket sales.
3) Major new programs like the Airbus A380 and Boeing 787 are expected to provide significant future sales as Goodrich supplies various components for these aircraft.
1) Marshall Larsen, Chairman, President and CEO of Bank of America, spoke at the 35th Annual Investment Conference in San Francisco on September 21, 2005.
2) The document contains forward-looking statements and cautions readers that actual results may differ due to risks and uncertainties.
3) It provides an overview of Goodrich Corporation, describing it as one of the largest worldwide aerospace suppliers with the broadest portfolio of products and over 130 years of operating history.
- Marshall Larsen, Chairman and CEO of Goodrich Corporation, presented at the SG Cowen 26th Annual Aerospace Technology Conference on February 8, 2005 in New York City.
- Goodrich is one of the largest aerospace suppliers worldwide with proprietary flight critical products. Key programs discussed included the Airbus A380, Boeing 787, Joint Strike Fighter, and emerging opportunities in defense, space, and new technologies.
- Goodrich expects 2005 sales to be between $5.0-5.1 billion, with growth from new programs and a focus on operational excellence, including lean manufacturing, supply chain management, and cost reduction initiatives.
Marshall Larsen, Chairman and CEO of FBR, outlines Goodrich's value proposition and financial outlook. Key points include:
- Goodrich expects 6% sales growth in 2006 and margin expansion through operational excellence and volume leverage.
- EPS is forecast to grow 12-22% in 2006 from continuing operations.
- Cash flow from operations is expected to be 50-75% of net income, reflecting success of new programs.
- Looking ahead to 2006-2010, Goodrich sees opportunities for top line growth, margin improvement, and sustainable earnings growth beyond the commercial aerospace cycle.
1. Goodrich is one of the largest aerospace suppliers worldwide with a portfolio of flight critical products across commercial, military, and space markets.
2. New programs like the Airbus A380 and Boeing 787 are expected to provide significant future sales growth for Goodrich's nacelles, landing gear, and other systems.
3. The company is focused on operational excellence through lean manufacturing and product development to drive costs savings and improve efficiencies.
The document provides an overview of Goodrich Corporation and its outlook for 2005. It discusses Goodrich's leadership positions in key aerospace markets, balanced business mix across military, commercial original equipment and aftermarket channels, and expectations for low single-digit growth in military/space and around 12% and 5% growth respectively in commercial OE production and the commercial aftermarket. It also contrasts the current commercial aerospace cycle with the prior cycle, noting a more measured growth rate for OE production and a significantly larger fleet to fuel aftermarket strength.
The document discusses Goodrich Corporation, a major aerospace supplier with over $4.7 billion in sales in 2004 and leadership positions in key markets. It outlines Goodrich's growth strategies including new program wins on aircraft like the Airbus A380 and Boeing 787, as well as emerging opportunities in defense, homeland security, and commercial aftermarket services. The presentation also emphasizes Goodrich's focus on operational excellence initiatives to drive costs savings and manufacturing efficiencies.
Marshall Larsen, Chairman and CEO of Goodrich, presented at the Lehman Brothers Industrial Select Conference on February 15, 2006. He outlined Goodrich's value proposition of great market positions, top line growth, substantial margin improvement opportunity, and significant expected cash flow growth. He projected 6% sales growth in 2006, over 100 basis points of margin expansion, and 12-22% EPS growth from continuing operations.
This document provides an overview and financial projections for Goodrich Corporation from their 2007 Aerospace and Defense Conference presentation. It summarizes Goodrich's business segments and key platforms, forecasts continued growth across most market channels in 2007 and 2008, and outlines their value proposition as being uniquely positioned for sustained sales, earnings, and cash flow growth due to leadership positions and increasing market share across commercial aircraft OE, aftermarket, and defense sectors.
This document provides an overview of Goodrich Corporation presented at the Morgan Stanley Global Industrials CEOs Unplugged Conference on September 10, 2008. Key points include: Goodrich has a balanced portfolio and business mix with 45% of sales from aftermarket; sales are expected to continue growing due to new aircraft platforms and programs; the large commercial aircraft fleet is growing and provides a major opportunity for aftermarket sales; and Goodrich is well positioned in both commercial and defense markets.
The document is a presentation by Marshall Larsen, Chairman, President and CEO of Goodrich Corporation, at the Citigroup 20th Annual Global Industrial Manufacturing Conference on March 6, 2007. The presentation provides an overview of Goodrich, including its balanced portfolio across commercial and military markets, focus on operational excellence through initiatives like lean manufacturing and supply chain management, and strategic goals of achieving top quartile aerospace returns through balanced growth and leveraging its enterprise capabilities.
This document summarizes Paul Gifford's presentation at Gabelli and Company's 14th Annual Aircraft Supplier Conference. The presentation discusses Goodrich Corporation's balanced portfolio, strategic imperatives focused on top quartile financial returns and operational excellence. Recent highlights include a proposed joint venture with Rolls-Royce and new contracts. Goodrich has significant opportunities for growth in the defense and space market. The presentation outlines Goodrich's positioning across various aircraft platforms and markets to deliver sustained sales growth and margin expansion.
Goodrich provides a positive outlook for 2006, expecting sales growth of 6% and EPS growth greater than sales growth. They forecast continued strong commercial aerospace growth. New programs like the A380 and 787 are expected to provide significant incremental sales beyond 2010. Goodrich aims to expand operating margins through 2019 to a target of 18% through operational excellence and new programs.
This document is Paul Gifford's presentation at the 11th Annual Aircraft Supplier Conference on September 7, 2006. It discusses Goodrich Corporation's value proposition, key performance drivers, market leadership positions, sales breakdown, and expectations for top line growth in the large commercial OE market between 2006-2010. Goodrich has broad system leadership, balanced commercial and defense exposure, and expects good revenue growth, substantial margin improvement, and significant cash flow gains through 2010.
The document discusses Goodrich Corporation's outlook for 2006 and beyond. It expects approximately 6% sales growth in 2006 driven by strong demand for new commercial aircraft programs. Margins are projected to increase by around 1 percentage point in 2006 due to operational improvements and volume leverage. Earnings per share are forecasted to increase 12-22% in 2006. Beyond 2006, Goodrich expects continued top-line growth, margin expansion, and sustainable income driven by its leadership positions across aerospace and defense markets.
The document discusses Goodrich Corporation, a major aerospace supplier with leadership positions across multiple markets. It outlines Goodrich's financial performance in 2004 and expectations for 2005, noting balanced growth across commercial and military sectors. New programs like the Airbus A380 and Boeing 787 are expected to be significant drivers of future sales growth.
This document provides a summary of Goodrich Corporation's presentation at the Gabelli 11th Annual Aircraft Supplier Conference in New York on September 8, 2005. Goodrich is one of the largest aerospace suppliers worldwide with over 22,100 employees. It has leadership positions in key markets like nacelles, engines, sensors and more. Goodrich expects balanced growth across its military, commercial original equipment and aftermarket channels in 2005. New programs like the Airbus A380 and Boeing 787 are expected to provide significant future sales opportunities.
The document discusses Marshall Larsen, Chairman and CEO of Bear Stearns, presenting at an aerospace and defense conference on the company's financial results and outlook. It provides an overview of Goodrich Corporation as a leading aerospace supplier and highlights several new commercial and military programs expected to provide significant future sales growth for the company. The presentation also outlines Goodrich's strategic focus on operational excellence through initiatives like lean manufacturing and product development.
The document is a presentation from Marshall Larsen, Chairman and CEO of Goodrich Corporation, given at the Morgan Stanley Global Industrials CEOs Unplugged Conference on September 10, 2008. The presentation highlights Goodrich's balanced portfolio, growth strategy focused on operational excellence, recent financial results showing sales and margin growth, and opportunities in commercial aerospace, defense, and space markets.
1) Marshall Larsen, Chairman, President and CEO of Bank of America, spoke at the 35th Annual Investment Conference in San Francisco on September 21, 2005.
2) The document contains forward-looking statements and cautions readers that actual results may differ due to risks and uncertainties.
3) It provides an overview of Goodrich Corporation, describing it as one of the largest worldwide aerospace suppliers with the broadest portfolio of products and over 130 years of operating history.
This document provides a summary of Goodrich Corporation's presentation at the 14th Annual Aircraft Supplier Conference hosted by Gabelli and Company. It discusses Goodrich's balanced portfolio, strategic imperatives focused on top quartile financial returns and operational excellence. Recent highlights include a proposed joint venture with Rolls-Royce and new contracts. The presentation also analyzes sales trends, the commercial aerospace cycle, and growth opportunities in aftermarket services and defense markets like ISR and military helicopters.
The document is a presentation by Marshall Larsen, Chairman, President and CEO of Goodrich Corporation, at the Citigroup 20th Annual Global Industrial Manufacturing Conference on March 6, 2007. The presentation provides an overview of Goodrich, including its balanced portfolio across commercial and military markets, focus on operational excellence through initiatives like lean manufacturing and supply chain management, and strategic goals of achieving top quartile aerospace returns through balanced growth and leveraging its enterprise capabilities.
- Marshall Larsen, Chairman and CEO of Goodrich Corporation, presented at the SG Cowen 26th Annual Aerospace Technology Conference on February 8, 2005 in New York City.
- Goodrich is one of the largest aerospace suppliers worldwide with a portfolio of proprietary, flight critical products across commercial, military, and space markets.
- Key growth opportunities include new programs like the Airbus A380 and Boeing 787, as well as emerging defense and space technologies in areas like health monitoring systems, reconnaissance, chemical detection, and perimeter security.
- Goodrich's strategic focus is on balanced growth, operational excellence, and top quartile returns through initiatives like lean manufacturing, global sourcing, and supply chain management
The document provides an overview of Goodrich Corporation, an aerospace manufacturing company. In 3 sentences:
Goodrich is one of the largest worldwide aerospace suppliers with over 22,100 employees and the broadest portfolio of products in the industry. The company has leadership positions in key markets like nacelles, engines, sensors and landing gear. Goodrich aims to achieve top quartile aerospace returns through balanced growth, operational excellence, and leveraging its broad capabilities across new programs and aftermarket services.
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.
Marshall Larsen, Chairman and CEO of FBR, provides an overview of Goodrich Corporation. Goodrich has strong market positions in aerospace and expects 6% sales growth in 2006. Margins are projected to increase by 1 percentage point due to operational improvements and volume leverage. Earnings per share are forecast to increase 12-22% in 2006. Goodrich anticipates significant cash flow and margin expansion through 2010 due to new program successes, aftermarket growth, and operational excellence initiatives.
This document provides an overview of UBS Aerospace and Defense's Boston Investor Day presentation on May 14, 2008. It includes forward-looking statements and discusses Goodrich Corporation's portfolio attributes, strategic imperatives, recent highlights, sales by market channel, aerospace and defense themes, and outlook for commercial and defense markets. The presentation focuses on balanced growth opportunities in commercial aircraft original equipment, aftermarket, and defense and space products and services.
The document provides an overview of Goodrich Corporation and its outlook for 2005. It discusses Goodrich's leadership positions in key aerospace markets, balanced business mix across military, commercial original equipment and aftermarket channels, and expectations for low single-digit growth in military/space and around 12% and 5% growth respectively in commercial OE production and the commercial aftermarket. It also contrasts the current commercial aerospace cycle with the prior cycle, noting a more measured growth rate for OE production and a significantly larger fleet to fuel aftermarket strength.
The document discusses Goodrich Corporation, a major aerospace supplier with over $4.7 billion in sales in 2004 and leadership positions in key markets. It outlines Goodrich's growth strategies including new program wins on aircraft like the Airbus A380 and Boeing 787, as well as emerging opportunities in defense, homeland security, and commercial aftermarket services. The presentation also emphasizes Goodrich's focus on operational excellence initiatives to drive costs savings and manufacturing efficiencies.
Marshall Larsen, Chairman and CEO of Goodrich, presented at the Lehman Brothers Industrial Select Conference on February 15, 2006. He outlined Goodrich's value proposition of great market positions, top line growth, substantial margin improvement opportunity, and significant expected cash flow growth. He projected 6% sales growth in 2006, over 100 basis points of margin expansion, and 12-22% EPS growth from continuing operations.
This document provides an overview and financial projections for Goodrich Corporation from their 2007 Aerospace and Defense Conference presentation. It summarizes Goodrich's business segments and key platforms, forecasts continued growth across most market channels in 2007 and 2008, and outlines their value proposition as being uniquely positioned for sustained sales, earnings, and cash flow growth due to leadership positions and increasing market share across commercial aircraft OE, aftermarket, and defense sectors.
This document provides an overview of Goodrich Corporation presented at the Morgan Stanley Global Industrials CEOs Unplugged Conference on September 10, 2008. Key points include: Goodrich has a balanced portfolio and business mix with 45% of sales from aftermarket; sales are expected to continue growing due to new aircraft platforms and programs; the large commercial aircraft fleet is growing and provides a major opportunity for aftermarket sales; and Goodrich is well positioned in both commercial and defense markets.
The document is a presentation by Marshall Larsen, Chairman, President and CEO of Goodrich Corporation, at the Citigroup 20th Annual Global Industrial Manufacturing Conference on March 6, 2007. The presentation provides an overview of Goodrich, including its balanced portfolio across commercial and military markets, focus on operational excellence through initiatives like lean manufacturing and supply chain management, and strategic goals of achieving top quartile aerospace returns through balanced growth and leveraging its enterprise capabilities.
This document summarizes Paul Gifford's presentation at Gabelli and Company's 14th Annual Aircraft Supplier Conference. The presentation discusses Goodrich Corporation's balanced portfolio, strategic imperatives focused on top quartile financial returns and operational excellence. Recent highlights include a proposed joint venture with Rolls-Royce and new contracts. Goodrich has significant opportunities for growth in the defense and space market. The presentation outlines Goodrich's positioning across various aircraft platforms and markets to deliver sustained sales growth and margin expansion.
Goodrich provides a positive outlook for 2006, expecting sales growth of 6% and EPS growth greater than sales growth. They forecast continued strong commercial aerospace growth. New programs like the A380 and 787 are expected to provide significant incremental sales beyond 2010. Goodrich aims to expand operating margins through 2019 to a target of 18% through operational excellence and new programs.
This document is Paul Gifford's presentation at the 11th Annual Aircraft Supplier Conference on September 7, 2006. It discusses Goodrich Corporation's value proposition, key performance drivers, market leadership positions, sales breakdown, and expectations for top line growth in the large commercial OE market between 2006-2010. Goodrich has broad system leadership, balanced commercial and defense exposure, and expects good revenue growth, substantial margin improvement, and significant cash flow gains through 2010.
The document discusses Goodrich Corporation's outlook for 2006 and beyond. It expects approximately 6% sales growth in 2006 driven by strong demand for new commercial aircraft programs. Margins are projected to increase by around 1 percentage point in 2006 due to operational improvements and volume leverage. Earnings per share are forecasted to increase 12-22% in 2006. Beyond 2006, Goodrich expects continued top-line growth, margin expansion, and sustainable income driven by its leadership positions across aerospace and defense markets.
The document discusses Goodrich Corporation, a major aerospace supplier with leadership positions across multiple markets. It outlines Goodrich's financial performance in 2004 and expectations for 2005, noting balanced growth across commercial and military sectors. New programs like the Airbus A380 and Boeing 787 are expected to be significant drivers of future sales growth.
This document provides a summary of Goodrich Corporation's presentation at the Gabelli 11th Annual Aircraft Supplier Conference in New York on September 8, 2005. Goodrich is one of the largest aerospace suppliers worldwide with over 22,100 employees. It has leadership positions in key markets like nacelles, engines, sensors and more. Goodrich expects balanced growth across its military, commercial original equipment and aftermarket channels in 2005. New programs like the Airbus A380 and Boeing 787 are expected to provide significant future sales opportunities.
The document discusses Marshall Larsen, Chairman and CEO of Bear Stearns, presenting at an aerospace and defense conference on the company's financial results and outlook. It provides an overview of Goodrich Corporation as a leading aerospace supplier and highlights several new commercial and military programs expected to provide significant future sales growth for the company. The presentation also outlines Goodrich's strategic focus on operational excellence through initiatives like lean manufacturing and product development.
The document is a presentation from Marshall Larsen, Chairman and CEO of Goodrich Corporation, given at the Morgan Stanley Global Industrials CEOs Unplugged Conference on September 10, 2008. The presentation highlights Goodrich's balanced portfolio, growth strategy focused on operational excellence, recent financial results showing sales and margin growth, and opportunities in commercial aerospace, defense, and space markets.
1) Marshall Larsen, Chairman, President and CEO of Bank of America, spoke at the 35th Annual Investment Conference in San Francisco on September 21, 2005.
2) The document contains forward-looking statements and cautions readers that actual results may differ due to risks and uncertainties.
3) It provides an overview of Goodrich Corporation, describing it as one of the largest worldwide aerospace suppliers with the broadest portfolio of products and over 130 years of operating history.
This document provides a summary of Goodrich Corporation's presentation at the 14th Annual Aircraft Supplier Conference hosted by Gabelli and Company. It discusses Goodrich's balanced portfolio, strategic imperatives focused on top quartile financial returns and operational excellence. Recent highlights include a proposed joint venture with Rolls-Royce and new contracts. The presentation also analyzes sales trends, the commercial aerospace cycle, and growth opportunities in aftermarket services and defense markets like ISR and military helicopters.
The document is a presentation by Marshall Larsen, Chairman, President and CEO of Goodrich Corporation, at the Citigroup 20th Annual Global Industrial Manufacturing Conference on March 6, 2007. The presentation provides an overview of Goodrich, including its balanced portfolio across commercial and military markets, focus on operational excellence through initiatives like lean manufacturing and supply chain management, and strategic goals of achieving top quartile aerospace returns through balanced growth and leveraging its enterprise capabilities.
- Marshall Larsen, Chairman and CEO of Goodrich Corporation, presented at the SG Cowen 26th Annual Aerospace Technology Conference on February 8, 2005 in New York City.
- Goodrich is one of the largest aerospace suppliers worldwide with a portfolio of proprietary, flight critical products across commercial, military, and space markets.
- Key growth opportunities include new programs like the Airbus A380 and Boeing 787, as well as emerging defense and space technologies in areas like health monitoring systems, reconnaissance, chemical detection, and perimeter security.
- Goodrich's strategic focus is on balanced growth, operational excellence, and top quartile returns through initiatives like lean manufacturing, global sourcing, and supply chain management
The document provides an overview of Goodrich Corporation, an aerospace manufacturing company. In 3 sentences:
Goodrich is one of the largest worldwide aerospace suppliers with over 22,100 employees and the broadest portfolio of products in the industry. The company has leadership positions in key markets like nacelles, engines, sensors and landing gear. Goodrich aims to achieve top quartile aerospace returns through balanced growth, operational excellence, and leveraging its broad capabilities across new programs and aftermarket services.
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.
Marshall Larsen, Chairman and CEO of FBR, provides an overview of Goodrich Corporation. Goodrich has strong market positions in aerospace and expects 6% sales growth in 2006. Margins are projected to increase by 1 percentage point due to operational improvements and volume leverage. Earnings per share are forecast to increase 12-22% in 2006. Goodrich anticipates significant cash flow and margin expansion through 2010 due to new program successes, aftermarket growth, and operational excellence initiatives.
This document provides an overview of UBS Aerospace and Defense's Boston Investor Day presentation on May 14, 2008. It includes forward-looking statements and discusses Goodrich Corporation's portfolio attributes, strategic imperatives, recent highlights, sales by market channel, aerospace and defense themes, and outlook for commercial and defense markets. The presentation focuses on balanced growth opportunities in commercial aircraft original equipment, aftermarket, and defense and space products and services.
1. Goodrich is one of the largest aerospace suppliers worldwide with a portfolio of flight critical products across commercial, military, and space markets.
2. New programs like the Airbus A380 and Boeing 787 are expected to provide significant future sales growth for Goodrich's nacelles, landing gear, and other systems.
3. The company is focused on operational excellence through lean manufacturing and product development to drive costs down and improve efficiencies.
The document discusses UBS Aerospace and Defense's Boston Investor Day presentation from May 14, 2008. It notes that certain statements made are forward-looking and subject to risks and uncertainties. It then provides an overview of Goodrich Corporation, highlighting its portfolio attributes, strategic imperatives, and recent highlights. The presentation discusses trends in commercial and defense aerospace markets and Goodrich's positioning and growth opportunities in these markets.
Goodrich Corporation Chairman and CEO Marshall Larsen presented at the Citi 21st Annual Global Industrial Manufacturing Conference. Larsen provided an overview of Goodrich's balanced portfolio, strategic focus areas, and outlook for commercial aerospace, defense, and aftermarket sales. He noted record commercial aircraft orders in 2007 and expectations for continued production rate increases and aftermarket growth.
Goodrich Corporation Chairman and CEO Marshall Larsen presented at the Citi 21st Annual Global Industrial Manufacturing Conference. Larsen provided an overview of Goodrich's balanced portfolio, strategic focus areas, and outlook for commercial aerospace, defense, and aftermarket sales. He noted record commercial aircraft orders in 2007 and expectations for continued production rate increases through 2011, supporting Goodrich's original equipment and aftermarket business. Larsen also highlighted Goodrich's significant positions on key military aircraft and rotorcraft programs.
This document provides an overview of Goodrich Corporation presented at the 25th Annual Industrial Select Conference hosted by Lehman Brothers. It summarizes Goodrich's balanced portfolio, including original equipment and aftermarket sales across commercial aerospace, defense, and space markets. Charts are included showing trends in commercial aircraft delivery forecasts, key platform maturity, and growth in the A320 fleet.
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.
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The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
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The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
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✅ More survey results in the presentation.
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Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
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Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
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?
Ending stagnation: How to boost prosperity across Scotland
goodrich ML_5.9.06
1. Marshall Larsen
Chairman, President and CEO
Merrill Lynch
8th Annual Global Industries
Conference
May 9, 2006
1
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 and A380, the
Boeing 787 Dreamliner, the Embraer 190, and the Lockheed Martin F-35 JSF and
F-22 Raptor; the health of the commercial aerospace industry, including the impact of
bankruptcies 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 April 27, 2006 First Quarter 2006 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. Company Overview - Goodrich
GR Portfolio Attributes Results
More predictable revenue
Proprietary products
and income growth
Non-discretionary repair /
Significant margin
replacement cycles
potential
Large installed base drives
Sustainable leadership
aftermarket sales
positions
Participation on every large
No dependence on any
commercial and regional jet platform
single sub-market, product
Significant defense & space presence
or customer
4
5. The Value Proposition for Goodrich
2006 – 2010 Expectations
Great market positions
Good top line growth
Substantial margin improvement opportunity
Significant cash flow improvement expected in 2007
Sustainable income growth beyond the OE cycle
5
6. Goodrich – Key Market
Leadership Positions
Aerospace Focus - Leadership Positions - Global Presence - Broad Systems Capability - Highly Engineered Products
UTC SAFRAN HON Goodrich
2005 Aerospace Sales $16.5B $9.7B $10.5B $5.4B
Nacelles
Engines
Power Generation
Sensors
APUs
Avionics
Electronic Controls
Flight Ctrl/Actuation
Environmental Controls
Landing Gear
Lighting
Wheel/Brakes
Evacuation Systems
Cargo Systems
Space Systems
Goodrich has the broadest portfolio of system leadership positions;
with approximately 85% of sales in markets with #1 or #2 positions world-wide
6
7. First Quarter 2006 Sales by Market Channel
Total Sales $1,424M
Total Commercial OE
Other
Total Defense and
5%
35%
Space
Boeing
24% Commercial OE
9%
Airbus
Defense &
Commercial OE
Space, OE &
18%
Aftermarket
OE
24%
AM Regional,
Business & Gen.
Av. OE
8%
Large Commercial Aircraft
Aftermarket
27%
Heavy A/C
Maint.
3%
Regional, Business & Total Commercial Aftermarket
General Aviation Aftermarket
36%
6%
Balanced business mix
7
8. Top Line Growth -
Large Commercial OE Market
2005 orders at record levels –
many for deliveries beyond
800
2008
Airbus Boeing
Both manufacturers continue
Aircraft Deliveries
600
to increase production rates
and deliveries
400
Airbus fleet growing faster
than Boeing fleet
200
Sustained, steady growth will
benefit both suppliers and 0
manufacturers
2006 Est
2007 Est
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Source: GR Estimates
Overall active fleet continues
to increase
Active Passenger Fleet – 2014 (Est.)
Active Passenger Fleet - 2005
Airbus
Airbus
37%
Boeing 24%
76% Boeing
63%
8
9. Top Line Growth -
Regional Jet Market
Expect decline in regional
aircraft deliveries in 2006 250
Bombardier Embraer
Regional Jet Deliveries
200
2006 Goodrich sales
expected to continue to 150
grow – result of content 100
positioning and model
mix 50
Rapid growth since 1992
0
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006 Est
2007 Est
has driven rapid fleet Source: Jet Information Services, Inc; GR Estimates
Cumulative Regional Jet Deliveries
size expansion 2500
Expect continued growth
Installed fleet
2000
in aftermarket from
1500
installed base
1000
Good positions on all
500
major regional jet
models 0
2005 Est
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
Source: Jet Information Services, Inc; GR Estimates
9
10. Top Line Growth -
Aftermarket Products and Services
Driven by ASMs, fleet size &
GDP World ASM and RPM Percent Change, Year Over Year
14.00%
ASMs RPMs
12.00%
Goodrich 2006 sales growth 10.00%
expected to continue to be 8.00%
above ASM growth rates 6.00%
4.00%
2.00%
RPM and ASM growth 0.00%
expected to be about the -2.00%
same for 2006 - 2010
-4.00%
91
92
93
94
95
96
97
98
99
00
01
02
03
04
2 0 Et
2 0 Et
2 0 Et
2 0 Et
2 0 Et
2 1 Et
05 s
06 s
07 s
08 s
09 s
00 s
19
19
19
19
19
19
19
19
19
20
20
20
20
20
World fleet expected to Total Aircraft in World Fleet
35000
continue to grow Installed fleet
30000
25000
Strong aftermarket trends 20000
will assist Goodrich margin 15000
expansion 10000
5000
0
2005 Est
2007 Est
2009 Est
2011 Est
2013 Est
2015 Est
1995
1997
1999
2001
2003
Source: The Airline Monitor
Above average growth rates possible over next several years
10
11. Top Line Growth -
Defense & Space Market
Goodrich product focus
Surveillance and reconnaissance
High usage platforms – helicopters, transport aircraft,
fighters
New platforms
US in transition to “network-centric warfare”
More focus on Surveillance and Reconnaissance to provide
Intelligence
Fewer new platform starts create upgrade
opportunities
Goodrich developing several new products for
Homeland Security markets
Market for Goodrich products is global and focused on growth
areas; not dependent on any single program, platform or customer
11
12. 2006 Sales Expectations
By Market Channel
Goodrich 2006 2006
Goodrich
2005 Market Market Market expectations - 2007 and beyond
Growth
Growth
Sales Mix
8% Boeing OE Del. 36% 10-15% Strong growth in 737, 777, A320;
16% Airbus OE Del. 10% (Due to A380, 787 and A350 introductions support
delivery deliveries past normal peak
24% Total (GR Weight) 19%
lead times)
6% Regional/Bus/GA 0-5% ~5% CF34-10 Engine Nacelles and tail cone support
OE (Weighted) continued growth through the cycle
32% Aftermarket ~5% >7% Airbus AM growing faster due to fleet aging,
(Commercial/ excellent product positions plus outsourcing
Regional/Bus/GA) trend support higher than market growth rate
28% Defense and Space Approx. Flat to OE - Positions on funded platforms worldwide,
OE and Aftermarket Flat slightly new products provide stable growth
down Aftermarket - Platform utilization, upgrade
opportunities support long-term growth
4% Heavy 5% Flat to Goodrich operating near capacity, sales fluctuate
Maintenance slightly based on A/C age, timing and type of overhaul
down
6% Other ~5%
100% Total ~7% ~6%
12
13. Sustainable Growth
Beyond the Peak of the Cycle
Commercial Aftermarket
Significantly larger fleet should fuel
aftermarket strength
Excellent balance between Boeing and Airbus
Airbus and regional jet fleet is getting older,
more mature – increased aftermarket support
More long-term agreements
More opportunity for airline outsourcing
Defense and space market
Balance and focus on high growth areas
War on terror drives sustained spending
13
14. Sustainable Growth
Sales from Key New Programs
(Dollars in Millions)
$1,400
Annual Expected Future Sales for:
• A380 Program
$1,200 • 787 Program
• A350 Nacelles
• CF34-10 Nacelle System
$1,000 • JSF Program
• C-5 Re-engine Program
• Small Engine Controls
$800
$600
$400
$200
$0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
New program sales are expected to provide significant incremental
sales growth
14
15. Sustainable Growth
Beyond the Peak of the Cycle
A380
Current Models
Average Content per Aircraft ($M)
New Models B747
B787,
A350
B777,
B767, A340
A330
B737,
A320
Single Aisle Small Twin Large Twin Very Large
Aisle Aisle Twin Aisle
Higher content per aircraft should dampen the effect from the next
commercial down cycle
15
17. 2006 Outlook
Continued robust growth in major Commercial Aerospace original
equipment and aftermarket channels
Continue to expect ~100 basis point segment OI margin expansion
Operational excellence and volume leverage
On track to achieve mid-teens segment OI margin by 2009-2010
Expect growth in EPS from continuing operations to be greater than
sales growth
EPS growth includes increased expenses for pension, FX and stock-based
compensation of ~$0.29
Cash flow from operations minus capital expenditures of $100 -
$150M, plus ~$90M of cash proceeds from the expected sale of
Turbomachinery Products
New program investments (A380, Boeing 787, A350)
Capital for cost reduction, capacity, landing gear OE rate increases
Balancing short-term earnings improvement & long-term value creation
17
18. 2006 Outlook
Prior Current
Outlook Outlook Comments
Sales $5.6-5.7B $5.6-5.7B No change (towards upper
end of range)
EPS
- Excl. Tax, TMP sale $2.20- $2.25-2.45 Continued strong
2.40 aftermarket
Rohr litigation
- March 29 Tax Settlement $0.93
- April Tax Settlement Rohr 1995-97 audit
$0.12
- TMP Sale Gain on sale less lost OI
$0.08
Net Income $3.38-3.58
Cash flow from operations 50 to 75% $100-150M Includes expected 2nd half
minus capital expenditures of NI from 2006 tax payment of
Cont. Ops. approx. $90 million
Other cash flow items + $90M for TMP Not in cash flow from
operations minus Cap. Ex.
Capital Expenditures $240- $240-260M No change
260M
The current sales, net income and cash flow from operations outlook for 2006 does not include resolution of the previously disclosed Coltec tax
litigation and resolution of the remaining items in the IRS examination cycle for the company’s tax years through 1999, the impact of acquisitions or
divestitures, other than the expected sale of Turbomachinery Products, resolution of potential remaining A380 contractual disputes with Northrop
Grumman, or the impact of changes to the company’s pension plan. The sales projections include the expected full-year sales from the company’s
Turbomachinery Products business. Goodrich expects Turbomachinery Products to be reported as a discontinued operation starting with the
reporting of second quarter 2006 results in July 2006, and expects to remove the associated sales from its outlook at that time.
18
19. Sales and Segment Operating Income Trends
Sales Segment Operating Income
(Dollars in Billions) (Dollars in Millions)
$6 $800
$700
$5
$600
$4
$500
$3 $400
$300
$2
$200
$1
$100
$0 $0
2003 2004 2005 2006 2003 2004 2005 2006
Est. Est.
Strong sales and segment OI growth continues
19
20. Long-term Margin Expansion Outlook
OI/Sales Margins
18% 18% Objective
Expect Airframe Systems
margin improvement to
16% 16% ~10%
y Sustained, high Engine
pan
C om Systems margins
al
14% 14%
Tot
Mid-teens Electronics
Systems margins
12% 12% Drivers
Volume leverage
R&D costs on new
10% 10%
programs mitigate
Pension, FX and stock-
based compensation
8% 8%
headwinds mitigate or
2004 2005 2006 2007 2008 2009 reverse
Substantial margin upside potential
20
21. The Value Proposition for Goodrich
2006 – 2010 Expectations
Great market positions
Good top line growth expected over the next several
years
Substantial margin improvement opportunity
High margin aftermarket growth and OE volume leverage
Development program costs mitigate
Expect ~ 15% segment operating income margins by 2009
Significant cash flow improvement expected in 2007
Sustainable income growth beyond the OE cycle
Expect continued growth in higher margin aftermarket –
faster than ASMs
Goodrich should see “cycle on top of cycle” for OE
production
• A380, Boeing 787, A350, EMB 190 all have high Goodrich
content
Key for 2006: Entire organization focused on margin
improvement – with a sense of urgency
21
22. Supplemental Information
Additional information and presentations about
Goodrich programs and products are available
at www.goodrich.com. Presentations that are
available in the Investor Relations portion of the
web site include the April 27, 2006 First Quarter
Results presentation and the December 12,
2005 Annual Investor Conference presentation.
22
23. First Quarter 2006 Operational Highlights
Important tax settlements announced – $1.05 per diluted
share included in first quarter 2006 results
Announced definitive agreement to sell Turbomachinery
Products
Consistent with overall strategy to divest non-core businesses
Airframe Systems segment operational performance
improvement continued
Reduction in force announced at Landing Gear
Segment margin improvement on track
Electronic Systems segment
A380 full scale evacuation test successfully completed
Engine Systems Segment
Continued strong aftermarket growth
Development programs for the Boeing 787 and Airbus A350
continue on schedule
23
24. Sales by Market Channel
First Quarter 2006 Change Analysis
Actual Goodrich Change
Comparisons
Market Channel
1Q 2006 vs. 1Q 2006 vs.
1Q 2005 4Q 2005
Boeing and Airbus – OE Production 27% 14%
Regional, Business & General Aviation - OE 25% 13%
Aftermarket – Large Commercial and
16% 5%
Regional, Business and GA
Defense and Space – OE and Aftermarket (3%) (12%)
Heavy Airframe Maintenance (31%) (16%)
Other 8% (4%)
Goodrich Total Sales 12% 2%
24
25. First Quarter 2006 – Financial Summary
Year-over-Year Performance
1st Qtr 1st Qtr
(Dollars in Millions, excluding EPS) 2006 2005 Change
Sales $1,424 $1,276 12%
Segment operating income $170 $151 13%
- % of Sales 11.9% 11.8% +0.1%
Income
- Continuing Operations $200 $57 253%
- Net Income $202 $58 250%
Diluted EPS
- Continuing Operations $1.59 $0.46 246%
- Net Income $1.60 $0.47 240%
25