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Financial

USTMA
Financial
European tire sales continue to drop, says ETRMA

Replacement market tire demand continues to decline throughout Europe due to a "complex interplay" of factors, such as the continued increases in the cost of raw materials, energy, logistics and labor.

Pirelli-Q3_i.jpg
Financial
Pirelli Q3 earnings off slightly on 6% lower sales

Pirelli's pre-tax operating income dropped slightly in the quarter ended Sept. 30 on 6.2% lower sales revenue, but Pirelli management nonetheless revised the firm's full year outlook up slightly.

KumhoLogo_i.jpg
Financial
Kumho Q3 earnings up on flat sales

Kumho Tire Co. Inc. reported a 147.1% jump in pre-tax operating income for the quarter ended Sept. 30 on flat sales,

Titan_logo-main_i.jpg
Financial
Titan Q3 sales, earnings down double digits

Titan blamed the revenue drops on lower sales volumes caused by elevated inventory levels at customers in the Americas and lower levels of end customer demand in small agricultural equipment.

Toyo Tires headquarters
Financial
Toyo raises fiscal earnings forecast on strong Q3 results

Toyo Tire Corp. reported double-digit gains in sales and earnings for the quarter and nine months ended Sept. 30, prompting company management to raise their expectations slightly for the full fiscal year.

Yokohama TWS_i.png
Financial
Yokohama Q3 sales, earnings up double-digits

Yokohama Rubber reported double-digit gains in sales and earnings for the quarter ended Sept. 30, with the newly incorporated Trelleborg Wheel System assets accounting for the increases.

Continental flags-main_i.png
Financial
Conti tire unit reports higher Q3 earnings on lower sales

Continental A.G.'s tire sector reported increased pre-tax operating earnings for the quarter ended Sept. 30 despite lower sales volume and revenue.

SRI-logo-new_i.jpg
Financial
SRI revises fiscal '23 outlook up on strong Q3 results

Sumitomo Rubber Industries has revised upward its earnings forecast for fiscal 2023 based on an easing of raw materials price rises and an improving sales mix.

Myers_Q3_i.jpg
Financial
Myers reports lower Q3 sales, earnings

Myers Industries reported a 6% drop in operating income for the quarter ended Sept. 30 on 13.3% lower revenue, declines attributed almost entirely to the firm's materials-handling business unit.

GoodyearSignLighting-02_i.jpg
Financial
Goodyear to divest Dunlop, OTR, chemical businesses

Goodyear's plan to divest its rights to the venerable Dunlop brand is among several impending changes in wide-ranging transformation plan Goodyear announced on Nov. 15.

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  • Global Tire Report
    • ADAS
    • MID YEAR REPORT
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OPINION
    • SERVICE ZONE
    • BEST PLACES TO WORK
    • OBITUARIES
  • HUMANITARIAN
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • ADVERTISE
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
      • RUBBER NEWS EVENTS
    • AWARDS
      • Best Places to Work
    • CLASSIFIEDS
    • DIRECTORY
    • SHOP FLOOR
      • BALANCING
      • DEMOUNTING
      • SAFETY
      • TIRE REPAIR
      • TPMS
      • TRAINING
      • VEHICLE LIFTING
      • WHEEL TORQUE
  • DIGITAL EDITION