B. F. Goodrich reported lower sales and...

B. F. Goodrich reported lower sales and earnings for the third quarter. Income for the period dropped to $800,000 after an unusual tax charge of $10 million. Last year’s final net of $25.5 million was after an income tax provision of $6.7 million and included a tax credit of $8.1 million due to the reversal of tax liabilities relating to the firm’s domestic international sales corporation. Sales for the third quarter reached $834.9 million, compared to $851.8 million last year. For the nine months, the company’s sales reached $2.43 billion, compared to $2.54 billion in 1984. Goodrich’s nine-month loss from continuing operations hit $311.6 million, compared to income of $67.8 million last year. This year’s nine-month loss was after a one-time charge of $326.6 million for restructuring the company but was before a loss from discontinued operations of $37.8 million. Final net loss was $349.4 million.