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BF GOODRICH REVIEWS PLANS, OUTLOOK AT MEETING WITH FINANCIAL ANALYSTS

 AKRON, Ohio, Nov. 18 /PRNewswire/ -- The BF Goodrich Company (NYSE: GR) said at a regularly scheduled meeting with financial analysts in New York City today that it expects to report 1993 net income between 60 and 70 cents a share, excluding gains on the sale of its interest in The Geon Company (NYSE: GON) and other non-recurring items. The company also said that it expects earnings from continuing operations to improve significantly in 1994.
 During a wide-ranging financial and strategic review by senior management, BFG Chairman John D. Ong said that with the acquisition of Rosemount Aerospace, the strategic business configuration of the company is now in place.
 "We believe BFGoodrich has been repositioned from a company dominated by cyclical businesses to a company which has significant sized specialty businesses with very attractive growth prospects," Ong said. "We have accomplished this while retaining our strong financial capacity. We also have a solid dividend for investors as we go forward."
 In reviewing the company's strategy and growth prospects, Ong said that earnings growth will come largely from the company's base businesses and future acquisitions no longer represent a key element of growth. He also said the company is moving towards a much stronger cash flow position and that in 1994 BFG should approach a balance between cash generation and spending.
 BFGoodrich provides aircraft systems, components and services and manufactures a wide range of specialty chemicals. Net income for the first nine months of 1993 was $65.8 million, or $2.32 a share. Included in these results were three non-recurring items relating to BFGoodrich's sale of approximately 50 percent of its interest in The Geon Company in April and costs associated with streamlining and cost-reduction programs involving Tremco and Simmonds Precision Aircraft Systems. Excluding these unusual items, Goodrich would have reported net income of $20.1 million, or 54 cents a share. Sales for the first nine months of 1993 were $1.3 billion.
 -0- 11/18/93
 /CONTACT: Rob Jewell, media, 216-374-2999, or Tom King, investors, 216-374-2556, both of BF Goodrich/
 (GR)


CO: The BFGoodrich Company ST: Ohio IN: CHM ARO SU:

BM-KL -- CL003 -- 5879 11/18/93 09:03 EST
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Publication:PR Newswire
Date:Nov 18, 1993
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