Goodyear Q4 Sales, Net Drop
Feb 12th 2013 9:04PM
Updated Feb 13th 2013 12:30AM
The just-released Q4 and 2012 numbers for Goodyear Tire & Rubber revealed some declining numbers. For the quarter, the company's net sales dropped to just over $5.0 billion, from Q4 2011's $5.7 billion. Net income attributable to shareholders was essentially zero, against an $18 million ($0.07 per diluted share) profit in the same quarter the previous year. The figure for segment operating income was $272 million, which bettered Q4 2011's $196 million.
For the full year, the company's revenue slid to $21.0 billion, down from 2011's $22.8 billion. The bottom line was $183 million ($0.74 diluted EPS), which was down significantly from the year-previous result of $321 million ($1.26). Segment operating income totaled $1.2 billion, against 2011's $1.4 billion.
Goodyear provided segment operating income guidance for its fiscal 2013. The company anticipates that line item to come in at $1.4 billion to $1.5 billion.
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