2015 financial report Archives - Tire Review Magazine
Myers Industries Shares 2015 Financial Results

Myers Industries Inc. shared in its 2015 full year financial results that net sales are down overall and in its distribution segment, while overall gross profit increased. “As we have highlighted throughout the year, declines in our key agriculture market and economic challenges in Brazil had a large impact on our business,” Myers President and

Cooper Posts Record Operating Profit in 2015

Cooper Tire & Rubber Co. had a record operating profit of $354 million in 2015, as well as an increase in net sales and unit volume, according to the tiremaker’s 2015 financial results. “It was an exciting year for Cooper as we took numerous steps around the globe to continue to transform and enhance our

Michelin Sees Positive Sales, Demand Growth in 2015

Groupe Michelin’s recent 2015 financial report shows the company has increased its passenger car and light truck demand in the North America, European and Asian markets, while the recession in Brazil and Argentina continue to negatively affect Michelin’s demand in South America. ‘‘In 2015, we successfully drove profitable, over-market growth in tonnages sold and gained

Toyo Net Profit Down, Tire Segment Up

Toyo Tire & Rubber Co. reported a 94.6% fall in its group net profit for 2015. The company’s profits dropped 1.67 billion yen ($14.6 million) as a special loss due to a data falsification scandal. Despite lower profits company wide, Toyo’s tire business unit posted an increase in both net sales and operating income year

Goodyear North American Earnings Up in 2015

In its recently released 2015 financial report, Goodyear Tire & Rubber Co. reported a net income of $307 million for the year. According to the report, Goodyear hit a segment operating income of more than $2 billion. Additionally, the tiremaker saw full-year earnings up in both North America and Asia Pacific in 2015. “I’m extremely