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February 14, 2013 01:00 AM

Goodyear optimistic about 2013 operating profits

Tire Business Report
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    AKRON—Goodyear expects its consolidated segment operating earnings will increase by up to 20 percent this year despite only marginal growth in unit tire volume worldwide.

    The Akron-based tire maker expects 2013 segment operating income to rise to $1.4 billion to $1.5 billion from $1.25 billion this past year on unit tire volume growth of low single-digit percentage, company executives told financial analysts Feb. 12 during the release of the firm's fiscal 2012 financial results.

    The 2012 segment operating income represents an earnings ratio of nearly 6 percent.

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