Toyo Enjoyed Record Second Quarter
Toyo Tire Corp. posted $1.9 billion in sales during the second quarter of 2025, a record high for the company. This represents an increase of 3.6% versus the same period in 2024.
Toyo’s operating income also hit a record high for the second quarter, totaling $236 million, driven by “strong sales of large-diameter tires in North America,” according to Toyo officials.
The company’s tire sales totaled $1.69 billion during the second quarter, a 3.1% increase year-over-year.
North America results
In North America, Toyo achieved sales of $1.25 billion during the second quarter, up 3.3% versus the same period in 2024.
“By adapting flexibly to the changing operating environment, we aim to further strengthen our presence in the U.S. market by leveraging our local production system,” say Toyo officials.
The company also will “actively promote new products that generate demand” and “shift production for non-U.S. markets from the (Toyo’s) U.S. plant to other facilities.”
Toyo operates a consumer tire manufacturing plant in White, Ga.
This past June, Michael Graber, president and CEO of Toyo Tire U.S.A. Corp., told MTD that the company’s consumer tire replacement sales “are up this year. Our enthusiast market – our core customer base – remains strong.
"On the lower end of product offerings, inflation is definitely impacting purchase decisions. People are sometimes choosing less-expensive tires instead of buying what they really intended to buy. But we’re doing very well.
"As you know, TBR is very cyclical. Our business is up this year, but we'll be impacted by market factors as we go forward. The state of the business is (that) it’s growing. It’s growing like it should. We see normal growth in both consumer and TBR, but we're keeping an eye on things as they evolve.”
In May 2025, Toyo added two 22.5- and 24.5-inch sizes to its Toyo M655 medium truck tire power line.
2025 outlook
For the full year, Toyo expects to achieve $3.8 billion in worldwide sales. The comnpany achieved $3.71 billion in sales during 2024, up 2.3% from 2023 levels and a record high for the firm.