Goodrich profit rises on aviation sales

Goodrich Corp. on Monday said quarterly profit rose 61 percent, as the recovery in commercial aerospace helped boost sales of its brakes and landing gear to Boeing Co. and Airbus.

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The Charlotte, North Carolina-based company reported fourth-quarter profit of $37 million, or 30 cents per share, compared with $23 million, or 19 cents per share, in the year-ago quarter.

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Excluding one-time items, Goodrich reported profit of 39 cents per share. On that basis, Wall Street expected 38 cents per share, according to analysts polled by Reuters Estimates. Revenue in the quarter rose 11 percent to $1.26 billion.

Looking forward, Goodrich reiterated its forecast of $1.60 to $1.80 earnings per share for the full year, on sales of $5 billion to $5.1 billion. Wall Street expects profit of $1.79 per share, on average, on sales of $5.1 billion.