December 11, 2008 Ticker: GR Goodrich Corporation - a Fortune 500 company - is a global supplier of systems and services to the aerospace, defense and homeland security markets. It employs more than 24,000 people worldwide across 16 countries. The Company's products and services are sold to customers in North America, Europe and Asia. It operates through three business segments: Actuation and Landing Systems; Nacelles and Interior Systems, and Electronic Systems. Goodrich's principal products include nacelles, actuation systems, landing gear, aircraft wheels and brakes, engine control systems, optical and space systems, sensor systems and power systems. In addition to manufacturing, they also provide a significant amount of aftermarket support for the entire life cycle of airplanes and defense programs by providing products and services to their customers to replace, repair, or overhaul their products. (More from Reuters) In the News It was recently reported that Goodrich Corporation has been selected by Airbus to supply wheels and carbon brakes for all variants of the A350 XWB family of aircraft. The selection is expected to generate more than $3 billion in revenue over the life of the program. The other major deal that the company bagged very recently is from the US Department of Defense - for the first operational satellite system in support of Operationally Responsive Space (ORS). The satellite, designated ORS Sat-1, is to be manufactured and integrated by Goodrich's ISR Systems team in Danbury, Conn. Goodrich has partnered with ATK Space Systems, based in Herndon, VA for the ORS Sat-1 project. Healthy Dividends The company has been paying quarterly dividends for over a decade and in October 2008 – Goodrich announced that its board approved an 11% increase in its quarterly dividend from $0.225 to $0.25 per common share. The current dividend yield for the company is at 2.9%. Earnings Actual (USD) Estimates (USD) Surprise Q3 2008 1.33 1.13 17.39% Q2 2008 1.44 1.08 33.21% Q1 2008 1.21 0.99 22.22% The strong earnings figures speak for themselves. The company has exceeded analysts' earnings expectations in 18 out of the past 20 quarters. Here's a link for GR's earnings history. The EPS estimate for Q4 2008 is as $1.03. Fundamentals GR's P/E Ratio @ 7.18 is relatively low for the Aerospace & Defense industry. The PEG value of 0.5058 suggests that GR is NOT expensive at the current trading price (Aerospace & Defense industry median PEG is 0.89). GR's Gross Margin @ 30.27% is more than 72% of its peers in the industry, indicating that it has more cash to spend on business operations as compared to its peers. The Operating Margin @ 15.45% is better than 87% of its peers in the Aerospace & Defense industry. GR's Return on Equity @ 24.3% Analyst Ratings GR's consensus score is higher than 91.4% of the Jaywalk Universe. It is higher than 89.8% of the Industrial Goods Sector. The current analyst recommendation for GR is "Buy" – which has also been the rating for over 120 days now.
is better than 89% of its competitors in the Aerospace & Defense industry – an indicator that it is able to reinvest its earnings more efficiently. Also, GR's EPS Growth Rate is greater than 69% of its peers.
Be Good, Get Rich.... Goodrich
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