Goodyear Tire & Rubber Co.'s first quarter 2022 sales totaled $4.9 billion, up 40% from one year ago. Company officials credit "the addition of Cooper Tire and the benefit of strong pricing actions" for the increase.
Goodyear Tire & Rubber Co. is responding to demand in the last-mile delivery sector with a new tire size in the Endurance RSA ULT. The tire is Goodyear's first "electric vehicle-ready" commercial tire.
Sales of Cooper brand tires during 2021 contributed $2.1 billion to Goodyear Tire & Rubber Co.'s full-year results. Goodyear sold $963 million worth of Cooper brand tires during the fourth quarter of 2021.
The whole tire industry is waiting to see what happens next as Goodyear Tire & Rubber Co. integrates the Cooper Tire & Rubber Co. business into its portfolio. One thing John Healy knows is that Goodyear has found even more savings than the $165 million the tiremaker initially expected to realize.