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SECURITY: GT (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Goodyear is the world’s largest
tire company. The company manufactures tires, engineered rubber products
and chemicals in more than 85 facilities in 28 countries. It has marketing
operations in almost every country around the world. Goodyear employs about
92,000 people worldwide.
Depuis plus de 100 ans, Goodyear
produit des pneumatiques pour tous les usages et tous les pays, dans le
souci constant de qualité, de sécurité, de performance
et d'innovation technologique
Leader mondial du pneumatique,
Goodyear s'emploie à satisfaire ses clients - constructeurs et utilisateurs
- ses actionnaires et partenaires financiers et ses collaborateurs en les
associant à son développement partout dans le monde.
Présent dans presque
tous les pays du monde, Goodyear emploie près de 95.000 personnes
et dispose de 85 unités de production dans 28 pays, trois importants
centres de Recherche & Développement et plusieurs circuits d'essais.
Gage de confiance et de
réussite, les produits Goodyear sont homologués par la plupart
des constructeurs mondiaux
Goodyear
Reports Record Sales in 2006 First Quarter
Net
income up 9 percent to $74 million, 37 cents per share
Segment
operating income of $311 million
First
quarter sales records in North America, Latin America, Asia Pacific Tire
AKRON,
Ohio, May 4, 2006 – The Goodyear Tire & Rubber Company today reported
record first quarter sales of $4.9 billion, reflecting a 2 percent increase
compared to the 2005 period.
Sales
increased due to higher pricing and a more-favorable product mix, largely
in the company’s North American Tire business. The impact of currency translation
reduced sales by approximately $74 million. The year-ago quarter included
approximately $79 million in sales from businesses divested during 2005.
Goodyear
reported net income of $74 million (37 cents per share), a 9 percent increase
compared to $68 million (35 cents per share) in the first quarter of 2005.
All per share amounts are diluted.
“Sales
increases were driven by strong revenue per tire growth of 7 percent as
we focus our efforts on the high performance, profitable segments of the
tire market,” said Robert J. Keegan, chairman and chief executive officer.
“The
execution of our key strategies is delivering solid results despite a more
difficult environment and a tough year-ago comparison,” he added.
The
2006 quarter benefited from after-tax items including favorable settlements
with certain raw material suppliers of $32 million (15 cents per share),
a pension plan change in Latin America of $13 million (6 cents per share),
and income of $10 million (5 cents per share) from a Latin American legal
settlement. Negatively impacting the quarter was an after-tax charge of
$30 million (15 cents per share) for restructuring.
In
addition, Goodyear recognized total after-tax expenses of $6 million (3
cents per share) for stock options and grants of other stock based incentive
awards during the first quarter.
The
prior-year quarter included net income of $9 million (4 cents per share)
from businesses divested during 2005.
See
the table at the end of this release for a list of significant items from
the 2006 and 2005 quarters.
Goodyear
Reports Fourth Quarter and Full-Year 2005 Results
2005 sales are record $19.7
billion; records set in all six businesses
Highest full-year net income
since 1998, nearly double 2004 level
Full-year segment operating
income increases 23 percent from 2004
Price/mix improvements offset
higher raw material costs
Debt reduced in 2005
AKRON, Ohio, February 16,
2006 – The Goodyear Tire & Rubber Company today reported record sales
for the fourth quarter and the full year of 2005. The company’s full-year
net income is the highest since 1998.
“Strong demand for our innovative
new tires coupled with improved marketing drove a richer product mix and
record sales for the company,” said Robert J. Keegan, chairman and chief
executive officer.
Goodyear reported sales
of $4.9 billion in the fourth quarter of 2005. Sales benefited from improved
pricing and product mix and higher volume in the international tire businesses,
while the effect of currency translation reduced sales by approximately
$107 million in the quarter.
Fourth quarter total segment
operating income was $226 million, including the $15 million impact of
the hurricanes in the U.S. Gulf Coast region. This compares to segment
operating income of $238 million in the 2004 quarter. Raw material costs
increased 13 percent, or $160 million, compared to the year-ago quarter.
Improvements in price and mix of approximately $190 million, however, more
than offset these cost increases.
Goodyear reported a net
loss of $51 million (29 cents per share) for the 2005 fourth quarter, which
includes a $78 million (44 cents per share) after-tax loss on asset sales.
The company had net income
of $125 million (62 cents per share) for the 2004 fourth quarter. The period
was positively impacted by an after-tax insurance settlement benefit of
$157 million (75 cents per share). |
