Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Aligning with ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
August 06, 2010 02:00 AM

Bridgestone results improved, forecast raised

Tire Business Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    TOKYO (Aug. 6, 2010) — Continued sales and income improvements in the second quarter have prompted Bridgestone Corp. management to raise the company's earnings outlook for fiscal 2010 by about 20 percent.

    Rising demand for tires and industrial goods worldwide during the quarter ended June 30 helped boost Bridgestone Corp.'s first half sales 15 percent to $15.1 billion and propelled the company $486.4 million into the black. Operating income jumped to $857.1 million, or 5.7 percent of sales, from a loss last year.

    The improvements prompted Bridgestone management to raise the firm's operating and net income forecasts for fiscal 2010 to $1.7 billion and $995 million, respectively, representing 20.8- and 18.2-percent boosts over the May forecast. The sales projection was unchanged at roughly $31.7 billion.

    Bridgestone cited the impact of its efforts to reduce expenses and improve cost competitiveness for its more optimistic earnings forecast. Management cautioned that there will be challenges in the second half, however, including economic uncertainties and high raw materails prices.

    In the first half, Bridgestone's Tire Business Staff Reported $771.6 million in operating profit on 15.8-percent better sales of $12.5 billion. Bridgestone cited increased unit shipments in nearly all of its segments and geographic operating areas for the improvements.

    Diversified products edged back into the black on 11.2-percent higher sales of $2.67 billion.

    Bridgestone Americas reported a fourfold increase in operating income to $270 million on 12.6-percent higher sales of $6.64 billion. The company anticipates growth of more than 10 percent in North America in both the consumer and commercial tire segments over the 2009 levels.

    To continue its momentum, Bridgestone said in the second half it will consider revising tire prices based on market conditions and product mix while also taking into account changing raw materials prices.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Goodyear adds two sizes to Workhorse lineup
    2
    Bridgestone to raise prices on consumer tires July 1
    3
    R2R law not needed in Canada, say auto makers, dealers
    4
    Tatneft selling Russian tire business to holding company
    5
    Hankook opens largest tire testing facility in Asia
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Aligning with ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION