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.