Goodyear enjoys positive 2Q results in N.A.

July 29, 2015

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."