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
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
Cooper Down YoY
Cooper Tire & Rubber Co. sales, net income and profit are down for the first half of 2014, but its balance sheet is up. The tiremaker reported that its net income is $84 million verses $92 million last year and its sales have decreased from $1.75 billion to $1.69 billion. Additionally, Cooper’s operating profit is
Pirelli Points to Premium Segment for Profit Jump
Pirelli SpA posted a 28.5% jump in net profit for the first half of 2014 compared to the same period last year, driven by strong sales mix during the first six months of the year. Total sales for the period, though, came in at 2.99 billion euros, down 3.3% YoY from 3.09 billion euros. Within
Monro Finishes Up for FY, Acquiring Stores
Monro Muffler Brake reported an increase of net income and sales for its 2014 fiscal year, which ended March 29. The company’s net sales increased 13.6% to $831.4 million and its total net income increased 27.9% to $54.5 million. Monro accounts its sales increase to newly acquired stores, which offset a .5% decrease in comparable
