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.
Monro, Inc. Reports Q3 Financial Results, Adjusts 2020 Outlook
During the third quarter of fiscal 2020, the company added 27 company-operated stores, ending the quarter with 1,289 company-operated stores and 99 franchised locations.
Toyo Tire Corp Sees Drop in Operating Income in 2018
The Toyo Tire Corp. saw a drop in operating income and net sales for 2018 with projections for 2019 looking up.
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.
Goodyear Sees Slight Drop in Sales in Q4, Advantages of TireHub Deal in Full-Year Results
In the fourth quarter of 2018, Goodyear saw a drop in sales and segment operating income. While Goodyear’s net income before tax received a boost from the TireHub transaction, its net income after tax dropped this year.
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.
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.
Tire Industry 2Q Report: Threat of Price Increases Impacts Volume
Manufacturers are considering base price realignments in response to higher than expected raw material costs.
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.
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.
Continental Revises 2018 Earnings Projections
Continental AG is lowering its revenue projections for 2018.
ATD and the Impact of TireHub Deal
Update: This story has been updated with more information regarding Goodyear and its aligned distributors.