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Top-tier financial results. For the last five years, Goodrich has delivered:
• record earnings per share* every year averaging 26 percent
growth
• 8 percent average annual sales growth
• 19 percent average annual operating income* growth
• 20 percent average annual return on equity*
Financial performance drivers Our goal is superior returns through consistent, predictable revenue and income growth. Our proven track record is driven by key company strengths. As an early and aggressive participant in aerospace industry consolidation, we have established market leadership positions with proprietary technology and products that drive a strong, profitable aftermarket. Our evolution from a collection of small, component businesses to a portfolio of advanced systems, products and services has made Goodrich a high value-added supplier, enjoying tier-one status with global customers. Our experienced management team has demonstrated performance in our core competencies, including excellence in product development, Lean manufacturing to improve productivity, and numerous initiatives to reduce costs. Our diverse and balanced business portfolio helps smooth industry cycles. And our management compensation program is directly linked to gains in creating shareholder value. These factors contribute to financial performance that ranks among the best in our industry, with a solid record of sustained sales and profit growth.
A key value driver at Goodrich is our ability to successfully identify and integrate complementary acquisitions to increase sales and earnings. Acquisitions completed since 2000 added approximately $200 million to sales in 2001. We will continue to pursue strategic acquisitions to supplement our top-line growth and broaden our leadership positions.
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