Bridgestone grows sales, income during 1Q 2007

May 2, 2007

Bridgestone Corp.'s net sales during the first quarter totaled $6.5 billion, a 9% increase over its 1Q 2006 sales. Bridgestone's 1Q 2007 net income was $238 million, a 4% gain over the same period last year.

Bridgestone's tire business posted first quarter income of $344 million on sales of $5.3 billion.

Bridgestone worked "to maximize sales momentum by introducing appealing new products worldwide, while at the same time improving and expanding strategic production sites around the world in support of those products that have been identified as strategic and important to (Bridgestone's) future growth," say company officials.

In the Americas, Bridgestone's sales grew to $2.7 billion, 6% more than during the first quarter of 2006. Unit tire sales remained on par with 1Q 2006.