Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
2/14/2013 8:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Goodyear Reports Lower 4Q Income

Goodyear Tire & Rubber Co.

Goodyear Tire & Rubber Co. said its fourth-quarter income fell from a year earlier, citing a low-volume environment.

The largest North American tire maker broke even for the quarter, compared with a profit of $18 million, or 7 cents per share, a year ago. North American sales fell 10% to $2.3 billion.

Full-year net income fell to $183 million, or 74 cents per share, from $321 million, or $1.26 per share. North American sales fell to $9.7 billion from $9.9 billion.

The company did not break down commercial tire results.

Goodyear said its long-term growth in the global tire industry will continue, but at a slower pace than previously forecast, adding that it expects the commercial tire original equipment and replacement market to remain at about 2012 levels.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement