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Goodrich Q1 net income down slightly due to merger expenses, taxes
Charlotte, N.C.-based Goodrich saw its net income fall slightly in the first quarter due to a higher tax rate, pension expenses and its upcoming merger with United Technologies, the firm says. Goodrich had net income of $188 million, or $1.46 per diluted share, a decrease from $195 million, or $1.52 per diluted share, a year earlier. However, "revenue rose to $2.15 billion from $1.9 billion," this feature says.
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