Toyo Had Record Third Quarter
Tire sales helped drive Toyo Tire Corp.'s revenue increase during the third quarter of 2025.
On a global basis, Toyo generated $2.8 billion in revenue during the quarter, up 14% year-over-year and a quarterly record for the company.
North America, as a region, was Toyo's biggest revenue generator during the third quarter of 2025, achieving around $1.9 billion in sales. That represents a 12% year-over-year increase.
Up from last quarter
Toyo posted $1.9 billion in sales during the second quarter of 2025, at the time a record high for the company. This represented an increase of 3.6% versus the same period in 2024.
The company’s tire sales totaled $1.69 billion during the second quarter, a 3.1% increase year-over-year. In North America, Toyo achieved sales of $1.25 billion during the second quarter, up 3.3% versus the same period in 2024.
Future efforts
In a document issued along with Toyo's third quarter financials, Toyo officials reiterated the company's efforts to ramp up production of large-diameter tires in the United States.
A research and development center in Serbia, where Toyo has a plant, is also in the works as part of the next phase of Toyo's medium-term business plan.