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.
Weak Industry Demand May Continue Despite a Strong Economy
Tire industry unit demand growth has been painfully slow in a strong economy, and we fear this is a new normal.
Goodyear Reports 2017 Financial Results
Goodyear Tire & Rubber Co. has reported the results for the fourth quarter and full-year of 2017.
Yokohama Reports Record Breaking Sales
Yokohama Rubber Co. has announced its business and financial results for the first three quarters of 2017, including an increase of 39.7% in operating income while posting its highest-ever net sales for first three quarters.
YRC Posts First-Half Gains in Fiscal 2017 Sales, Earnings
Yokohama Rubber Co. has announced its financial results for the first half of fiscal 2017. Profit attributable to owners of parent increased 38.7% over the same period of the previous year, to 11.4 billion yen (approximately $103,979,400) on a 16.8% increase in operating income, to 18.4 billion yen (approximately $167,826,400), and a 15.9% increase in net sales, to 310.8 billion yen (approximately $2,827,510,000).
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.
Advance Auto Parts Performance Down YoY
Advance Auto Parts Inc. has reported its 2016 first half net sales and income are down compared to its year-to-date 2015 financial results. This year the company reported its net sales for 2016 were $5.23 billion compared to last year’s $5.4 billion and its gross profit was also down to $2.87 billion compared to $2.92
Pirelli’s 2015 Performance Exceeds Goals
Pirelli & C. SpA reported its 2015 revenue grew 4.8% to 6.3 billion euros, which was above its more than 6.25 billion euros target. According to the tiremaker, improvement in the price/mix component from price increases, greater sales in replacement market and diverse geographic and product mixes is responsible for the growth. Sales in 2015
Titan International Takes Hit in 2015
Titan International’s 2015 financial results show a down year for the tiremaker. Hit hard were Titan’s sales. The tiremaker reported a sales decrease of 26.4% year over year with $1,394.8 million in 2015 compared to $1,895.5 million in 2014. Gross profit was also down. Titan reported profits of $137.8 million in 2015 versus $140.6 million
