Trelleborg Sees Higher Earnings, Sales in 3Q - Tire Review Magazine

Trelleborg Sees Higher Earnings, Sales in 3Q

Trelleborg A.B., parent company of Trelleborg Wheel Systems, reported earnings and sales growth during the quarter ended Sept. 30.

For the quarter, Trelleborg’s operating income rose 43% to $80.9 million on 10.2% higher sales of $1.02 billion. Net income jumped 51.1% to $52.7 million.

Trelleborg Wheel Systems’ operating income for the quarter rose 48.1% to $11.4 million, while its sales increased 16.2% to $108.7 million. The tiremaker said the higher sales figures were due to increased demand from tractor and materials-handling equipment makers.

For the nine-month period, Trelleborg’s operating and net income more than doubled to $252.1 million and $162.4 million, respectively, and sales rose 8.7% to $3.11 billion. Trelleborg Wheel Systems’ operating income for the nine months dropped 10.5% to $31.5 million, and sales also were down, by 4.7% to $334.4 million.

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