Goodyear: best first quarter in 10 years

(CercleFinance.com) - Goodyear announced its best Q1 sales in 10 years on Friday, despite ongoing supply problems, the war in Ukraine and restrictions in China.


The US tyre maker announced revenues of 4.9 billion dollars for the first three months of the year, up 40% y-o-y.

Goodyear said that it benefited from the acquisition of Cooper Tire, an improved price-mix profile and a 29% increase in volumes, with 40.5 million units sold.

The company reported net income of 96 million dollars, or 33 cents per share, for the quarter, well above the 12 million dollars (five cents per share) posted a year earlier and above the consensus of 21 cents per share.



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