Financial Report: Cooper Tire Net Sales Down YoY
Cooper reported 2019 net sales at $2.75 billion, compared with $2.81 billion the prior year. Net sales decreased 2.6% to $750 million, according to the report.
Goodyear Reports Q4 Loss, Tire Unit Sales Down 2%
Goodyear reported a fourth-quarter 2019 net loss, as well as a 5% decrease in net sales year-over-year.
Michelin Reports Increased Sales in Q3, Revises 2019 Forecasts
In weaker than expected markets, the Michelin Group reported a 1.3% increase in sales like-for-like in the first nine months of 2019, according to the company’s third quarter financial report.
Cooper Tire Reports Drop in Net Income in 2018, Braces for Effects of Tariffs in 2019
Cooper Tire & Rubber Co. reported its full-year 2018 earnings and fourth quarter results as well as published the company’s outlook for the first half of 2019.
Tire Industry Financial Recap: Price Increases Continue, Highlights from Q3 2018
For 2018, tire manufacturers expect low single-digit volume growth after many have increased prices on their products.
Myers Industries Reports 2018 3rd Quarter Results
Myers Industries, a manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, has announced results for the third quarter, which ended Sept. 30, 2018.
Cooper Tire & Rubber Reports 3rd Quarter 2018 Results
Cooper Tire & Rubber Co. has reported third-quarter 2018 net income of $54 million and said it continues to make good progress on the company’s strategic priorities.
Continental Again Revises Financial Expectations for 2018
Continental is revising its guidance for fiscal year 2018 with the company experiencing lower sales expectations, cost increases and warranty claims.
TireHub Seen as Positive for Goodyear Tire in Long Run, Longbow Research Reports
TireHub is seen as a financial positive in the long haul for Goodyear with foreseeable financial benefits for 2019 and beyond.
Tire Industry Financial Outlook: Recap of 2017 and What to Expect This Year
The 2017 financial results reported from tire manufacturers disappointed, but there is optimism around the second half of 2018 expectations.