Rochester, NY 7/10/2009 9:00:21 PM
Morning Report - GY - GenCorp 2Q profit surges 59 percent on lower costs
GenCorp Inc.,GY
Morning Report - GY - GenCorp 2Q profit surges 59 percent on lower costs
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GenCorp Inc.,GY
Last Trade: 2.23
Day's Range: 2.23 - 2.27
52wk Range: 1.80 - 9.30
Volume: 6,300
COMPANY "In The News"
GenCorp Inc. said Tuesday that its fiscal second-quarter profit surged 59 percent, helped by lower costs. The aerospace supplier and manager of a real-estate portfolio earned $11 million, or 18 cents per share, for the period ended May 31. That compares with $6.9 million, or 12 cents per share, a year ago.
COMPANY DETAILS
GenCorp Inc. manufactures aerospace and defense products and systems in the United States. It operates in two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment develops and manufactures defense systems, which include liquid, solid, and air-breathing propulsion systems and components used in strategic strike missiles, tactical and precision strike missiles, missile defense systems, maneuvering propulsion systems, precision warfighting systems, and specialty metal products; and supplies composite and metallic aerospace structural components, fire suppression systems, and armament systems.
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