Toyo Posts First Quarter Sales, Income Gains
Toyo Tire Corp. posted a 16% year-over-year sales increase during the first quarter of the year. The company also achieved a 27.3% year-over-year operating income gain during 1Q 2022.
Toyo's tire business unit achieved a 17.8% year-over-year increase in sales during the first three months of 2022.
And the unit's operating income jumped 28.3% over results posted for the same period in 2021.