Michelin Sales Up Year-Over-Year in 2019 Financial Report
Michelin reported a net income of approx. $1.87 billion in 2019, compared to approx. $1.8 billion in 2018.
Tire Manufacturers’ Earnings Dip in Q1 Reports
Continental, Hankook and now Cooper are three of the most recent tire manufacturers to report bleak first-quarter earnings.
Hankook Reports Q2 Results
Hankook Tire Co. has released its financial results for the second quarter of 2017, announcing sales totaling $1.48 million and an operating profit of $266.7 million.
Schaeffler Publishes 2017 Interim Financial Report
Schaeffler has published its 2017 interim financial report and announced the company grew its revenue by 3.8% or by 7 billion Euros (approximately $8.2 billion). The Automotive division increased its revenue by 4.2% at constant currency in the first half of 2017.
Cooper Tire Reports Q2 Earnings
Cooper Tire and Rubber Co. has released its 2017 second quarter (Q2) results and reported an operating profit of $75 million, or 10.4 percent of net sales, which is a decrease of $35 million from the prior year.
Advance Auto Parts 2016 Fiscal Results
In its 2016 financial report, Advance Auto Parts Inc. reported total sales year-over-year were down to $9.57 billion, compared to 2015’s $9.74 billion.
Toyo Tire Net Sales Down, Overseas Replacement Market Up
In Toyo Tire & Rubber Co.’s financial results for fiscal year 2016, the tiremaker reported decreased tire sales overall, but an increase in unit sales in the overseas replacement market.
Hankook YoY Sales Flat, Operating Profit Up
In its latest financial report, Hankook Tire Co. reported consolidated sales for 2016 reached nearly $5.7 billion, a minor increase compared to $5.68 billion in fiscal 2015.
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
YRC Tire, Business Segments Boost 2015 Net Sales
According to its latest 2015 financial report, Yokohama Rubber Co.’s net sales reached a record level in 2015, while operating income declined. This is the fourth consecutive year YRC’s net sales have increased, with a 0.7% increase to 629.9 billion yen. According to the report, sales growth came from gains in Yokohama’s Tires segment and