Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
    • 2022 Women Breaking the Mold
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
June 25, 2010 02:00 AM

Bridgestone sees surge in 1st half earnings

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    TOKYO (June 25, 2010)—Bridgestone Corp. expects its half-year earnings to exceed earlier projections by as much as 37 percent, based on increased tire unit sales and improved tire pricing in markets outside of Japan.

    The tire maker said it expects to report first half operating income of $701.6 million and net income of $412 million—improvements of 26 and 37 percent, respectively, over the projections released on May 7. Sales revenue should grow about 1.5 percent to $15.4 billion, based on double-digit growth in most tire segments in North America and Europe.

    Tire production globally is forecast to jump 38 percent to 870,000 metric tons in the half and 25 percent for the full year to 1.78 million tons. Production in the Americas is seen rising 23 percent in the first half and 22 percent for the year.

    Bridgestone also expects to report a dramatic turnaround for the fiscal year, nearly doubling operating income over fiscal 2009 to $1.45 billion. Sales are seen rising nearly 12 percent to about $32 billion. Net income is forecast at $857 million vs. barely above break-even last year.

    The Tokyo-based company said it expects higher earnings despite rising raw materials costs because of higher unit sales and the corresponding improvement in the cost per unit because of increased production capacity usage rates.

    In North America, Bridgestone anticipates first-half growth in all key sectors: replacement consumer tires up more than 10 percent; OE consumer tires up more than 60 percent; replacement commercial tires up less than 10 percent; OE commercial tires up more than 20 percent.

    The full year forecasts are slightly less bullish, however, indicating a second-half slowdown, according to the tire maker.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Nokian poised to immediately exit Russia
    2
    One killed, two injured in shooting at WeatherTech facility
    3
    Bridgestone opens $21 million race tire plant, boasts guayule-based Firehawk
    4
    Bridgestone creates silicone-based self-sealing tires
    5
    DuPont tailors its adhesives as EVs get more sophisticated
    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.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
        • 2022 Women Breaking the Mold
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION