Goodyear Tire & Rubber Co.'s second-quarter 2015 financial results were up in almost every key category in North America compared to last year.
Segment operating income was a record for any quarter. Segment operating margin and tire units also were up. Only sales were down, and that was a negligible decrease -- less than 1%.
Category 2015 2014 % change
Tire units 15.8 million 15.3 million +3.2%
Sales $2.02 billion $2.04 billion -0.08%
Operating income $321 million $208 million +54.3%
Operating margin 15.8% 10.2% --
Replacement tire shipments in the North American business unit were up 1%, while original equipment unit volume was up 9%.
Tire sales in dollars also were down in its other three business segments: European, Middle East and Africa (nearly 20%), Latin America (20%, despite positive results in Mexico and Argentina) and Asia Pacific (3.4%). Tire unit sales and operating income were up in the Asia Pacific region.
Goodyear posted net income of $192 million on net sales of nearly $4.2 billion for its second quarter ended June 30, 2015. That compares to income of $213 million on sales of almost $4.7 billion for the same period last year.
For more information on Goodyear's financial results, check out "Goodyear's financial results are 'strong' again."
