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Financial

Honeywell reports second quarter sales of $7.6 billion

Honeywell announced second quarter 2009 sales of $7.6 billion versus $9.7 billion in the second quarter of 2008 and earnings of $0.60 per share, compared to $0.96 per share in the second quarter last year. Cash flow from operations was $1,126 million versus $1,042 million in the second quarter of 2008 and free cash flow

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Woodward reports financial results for third fiscal quarter of 2009

Woodward Governor Company reported that net sales for the quarter were $386.2 million, up 17% from $329.8 million for the same quarter of last year. Net earnings, including special items, for the quarter were $25.0 million compared with $32.4 million in last year’s third quarter. Foreign exchange rates had a negative impact in the quarter

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Alaska Air Group reports second quarter profit

Alaska Air Group reported that net income for the second quarter, excluding special items, was $26.5 million compared to a net loss excluding special items of $14.1 million in the second quarter of 2008. This compares to a First Call mean estimate of $0.53 per share. Net income under Generally Accepted Accounting Principles (GAAP) of

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Goodrich announces second quarter net income per diluted share of $1.40

Goodrich released that second quarter 2009 net income per diluted share of $1.40 decreased 3% compared to second quarter 2008 net income per diluted share of $1.45. Second quarter 2009 results include income from discontinued operations of approximately $0.25 per diluted share primarily related to resolution of a past environmental claim, part of which was

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Avcorp closes private placement

Avcorp Industries has closed a private placement of 16,157,465 common shares of Avcorp at a price of C$0.15 per share to Panta Holdings B.V. (“Panta”) for gross proceeds of C$2,423,620 (the “Private Placement”), pursuant to the terms of the amended and restated investment agreement dated July 13, 2009 (“Amended and Restated Investment Agreement”). The proceeds

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Boeing reports second-quarter financial results

The Boeing Company’s second-quarter earnings per share increased 22% to $1.41 per share, as revenues rose 1% to $17.2 billion, driven by growth in defense programs and strong performance in defense and commercial airplanes. Year-ago results included a $0.22 per share charge on the Airborne Early Warning & Control (AEW&C) program. Revenues for the first

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