Although sales were up, Goodyear Tire & Rubber Co.’s year-over-year earnings dropped 72% in 2017 and segment operating income fell 23%. The company attributed a net loss in 2017's fourth quarter to tax reform.
Goodyear Tire & Rubber Co. will report fourth quarter 2017 financial results on Thursday, Feb. 8, 2018. An investor conference call will be held at 8:30 a.m.
Goodyear Tire & Rubber Co. offered a list of factors that contributed to its "rough" third quarter: replacement and original equipment tire volumes dropped, and raw material costs also hit a peak for the year and increased 32%.
Goodyear Tire & Rubber Co. will report third quarter 2017 financial results on Friday, Oct. 27.
Goodyear Tire & Rubber Co. will release second quarter earnings on Friday, July 28.
Goodyear Tire & Rubber Co.’s net sales were flat while net income was nearly 10% lower in the first quarter of 2017 compared to the year-ago period.
Goodyear Tire & Rubber Co. will report 2016 financial results on Wed., Feb. 8, and will talk about those results during an investor conference call at 9 a.m.
Directors of Goodyear Tire & Rubber Co. have declared a quarterly dividend of 10 cents per share of common stock. The dividend is payable March 1, 2017, to shareholders of record on Feb. 1, 2017.
Escalating raw material costs have taken their toll on Goodyear Tire & Rubber Co. So the tire manufacturer has decided to do something about it.
Goodyear Tire & Rubber Co. posted segment operating income of $556 million for its third quarter ended Sept. 30, 2016. That brings the total to $1.5 billion for the first nine months of this year.
Goodyear Tire & Rubber Co. posted net income of $317 million on net sales of $3.8 billion for the third quarter ended Sept. 30, 2016. That compares to income of $271 million on sales of $4.2 billion for the same period last year.
Goodyear Tire & Rubber Co. remains focused on capturing "the growing demand for premium, large-rim diameter tires." The company says part of that strategy involves"reducing excess capacity in declining, less profitable segments of the tire market."
Goodyear Tire & Rubber Co. will report third quarter 2016 financial results on Friday, Oct. 28, followed by an investor conference call at 9 a.m.