Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
web
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Latex
    • Coronavirus
    • Executive Action
    • Government/Legal
    • Opinion
    • Technical Notebooks
    • Women in Tire & Rubber
    • ITEC
    • International Elastomer Show
    • HEXPOL Sponsored Content
    • ETRMA reports 'encouraging' signs in European tire markets
      Staria people mover previews Hyundai's approach to new mobility era
      Hutchinson on board Perseverance Mars Rover
      Pickups taking bigger hits from microchip shortage
    • ETRMA reports 'encouraging' signs in European tire markets
      Orion's sustainability focus built into everyday business
      Bridgestone part of Louisiana environmental cleanup settlement
      Video: Michelin, ProovStation partner on automated vehicle inspections
    • Orion's sustainability focus built into everyday business
      Rahco Rubber overcoming challenges with a family-first attitude
      Rubber Division's May educational schedule set
      Tamsin Astor to join Rubber Division's WORD Conversations
    • Orion's sustainability focus built into everyday business
      Pickups taking bigger hits from microchip shortage
      DuPont to build adhesives facility in China
      Sabic providing $500K for STEM scholarships at HBCUs
    • Smithers ramps up with Suzhou testing facility
      5 for 50: Bruce Meyer's five most memorable work trips
      AirBoss unveiling high heat-resistant EPDM
      Evco Plastics buys Georgia plant to add LSR, white room molding
    • ‘China-only Chinaplas' opens as first major industry show in the pandemic
      Latin America faces tough recovery from COVID-19, KraussMaffei executive says
      Titan Tire to offer free COVID-19 vaccines at Iowa facility
      Bridgestone hosts vaccination events for plant employees
    • Detroit 3 execs join voting rights debate in Michigan
      Harwick Standard hires Marc Pignataro to executive role
      Motion Industries promotes industry veteran Jim May
      Hutchinson names new chairman, CEO
    • Bridgestone part of Louisiana environmental cleanup settlement
      Biden's infrastructure proposal could boost transition to EVs, AVs
      Former Saint-Gobain lawyer alleges PFOA wrongdoing
      Rubber industry associations optimistic about Biden's infrastructure plan
    • Meyer: Sunflowers seek their due
      OUR VIEW: Big ideas power big technological leaps
      Column: Ramping up to an RPN milestone
      Our view: It may be time to rethink, rebuild supply chains
    • Correlating cure kinetics and physical properties with accelerator variations in a model SBR compound
      Material to give tire compounds lower density, lower hysteresis and improved wear
      Technical notebook: How to control porosity in extruded EPDM dense profile
      Part 2: Studying RPA ASTM methods for detecting compound quality differences
    • Tamsin Astor to join Rubber Division's WORD Conversations
      WORD Conversations: Charles Goodyear Medalist Puskas says academia needs to ease time commitments
      Women find success, opportunity in petrochemicals
      Rubber Division to host WORD webinar series
    • Goodyear recognized by Lockheed Martin as 'elite supplier'
      EV tire advancements to help secure future
      Lambillotte: Only question on AVs is timing
      CAR official says EV future brighter than autonomous
    • Rubber Division preparing for Spring Technical Meeting
      Rubber Division introduces WORD webinar series
      Rubber Division seeks abstracts for 200th Technical Meeting
      WORD panelists say evolution, authenticity keys to success
    • Sponsored By HEXPOL Compounding
      Faster Access to Your Polymer Compounding Experts Around the World
      Sponsored By HEXPOL Compounding
      Take a walk thru a HEXPOL Lab
      Sponsored By HEXPOL Compounding
      HEXPOL offers a unique selection of High Performance Elastomers to match your application requirements
      Sponsored By HEXPOL Compounding
      It’s what you can’t see that makes the Difference at HEXPOL
  • Blogs
    • Products
    • Wacky World of Rubber
    • New Products: Birla Carbon showcases two new carbon blacks
      New Products: MonTech adds to LP 3000 lab press lineup with custom options
      New Products: 3M rolls out new silicone adhesive for medical use
      GRI gains OE fitment for KION Group forklifts
    • Wacky World of Rubber: How Trelleborg, teens sealed a spot in the world record book
      Wacky World of Rubber: Of chicken and feet, but not chicken feet
      Wacky World of Rubber: Time to go mattress shopping
      Wacky World of Rubber: Because nothing says football like 'frunk' shrimp
  • Newsletters
    • Rubber in Automotive
    • Silicone News
    • Latex News
    • Sign Up for Newsletters
    • ETRMA reports 'encouraging' signs in European tire markets
      Staria people mover previews Hyundai's approach to new mobility era
      Hutchinson on board Perseverance Mars Rover
      Pickups taking bigger hits from microchip shortage
    • Smithers ramps up with Suzhou testing facility
      5 for 50: Bruce Meyer's five most memorable work trips
      AirBoss unveiling high heat-resistant EPDM
      Evco Plastics buys Georgia plant to add LSR, white room molding
    • Zeon integrates rubber and latex divisions
      Meyer: Sunflowers seek their due
      World Rubber Summit to be virtual this year
      Synthomer launches Asia innovation center in Malaysia
  • Multimedia
    • Videos
    • Photo Galleries
  • Directory
  • Resources
    • Classifieds & Mold Mart
    • Sponsored Content
    • White Papers
    • HB Chemical
      Sponsored By HB Chemical
      The HB Chemical and Ravago Partnership: Taking Customer Service to a New Level
      Sponsored By HB Chemical
      Above and Beyond with HB Chemical
      Sponsored By HB Chemical
      The Company Behind the Inventory
      Sponsored By French Oil Mill Machinery
      Process Improvement, Cost Reduction with Custom Press Systems
    • Sponsored By AirBoss
      AirBoss introduces next-gen EPDM compound: HeatBoss EPDM
      Sponsored By Uncountable Inc.
      Labs of the Future: How to Choose a Laboratory Information Management System in 2021
      Sponsored By Uncountable Inc.
      Cooper Standard deploys lab informatics platform to synchronize R&D
      Sponsored By Elkem
      LSR Select™: A solution to improve your financial impact in molding applications
  • Data
  • Events
    • RPN Events
    • RPN Livestreams/Webinars
    • Industry Events
    • Past Events
    • ITEC Library
    • International Silicone Conference Library
    • 2021 Healthcare Elastomers Virtual Edition
      2021 Rubber in Automotive Virtual Edition
      2021 International Latex Conference Virtual Edition
      2022 ITEC
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Tire
May 14, 2019 01:39 PM

Bridgestone income, sales impacted by rising costs, restructuring

European Rubber Journal Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    TOKYO—Rising raw materials costs and ongoing restructuring in Bridgestone Corp.'s diversified products combined to impact the company's first quarter operating income, which dropped 22.8 percent on 1.3 percent lower sales.

    Operating income fell to $699.6 million, while sales fell to $7.7 billion, with both tires and diversified products units posting lower sales for the period ended March 31. As a result, the operating ratio fell 2.5 points to 9.1 percent.

    Net income fell 4.8 percent to $548 million.

    Bridgestone is restructuring its diversified products operations—which produces conveyor belts, hydraulic hoses, rubber tracks, seismic shock-absorbers, automotive parts, construction materials, sports equipment—to focus more on solution packages, the company said last year.

    The tire division suffered a 17.4 percent drop in operating income to $721.4 million on 1 percent lower sales of $6.44 billion. Globally, Bridgestone reported 3 percent lower consumer (passenger/light truck) unit sales, versus 1 percent higher commercial tire sales and 15 percent higher ultra-large OTR tire sales.

    The Americas business unit saw operating income slide 21.4 percent to $303.1 million on 0.3 percent higher sales of $3.72 billion.

    Bridgestone reported U.S. replacement market passenger/light truck tire sales were flat with the 2018 quarter while commercial tire sales were down 6 percent. In the original equipment segments, the trend was reversed—consumer tire sales were down 14 percent and commercial tire sales were up 16 percent.

    Elsewhere, revenue in China and Asia-Pacific dropped 4 percent.

    For the full fiscal year, Bridgestone is projecting a 17 percent drop in operating income on 2 percent lower sales.

    Letter
    to the
    Editor

    Rubber & Plastics 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].

    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 & Plastics News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber & Plastics 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.

    web
    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Contact the 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 © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Latex
      • Coronavirus
      • Executive Action
      • Government/Legal
      • Opinion
      • Technical Notebooks
      • Women in Tire & Rubber
      • ITEC
      • International Elastomer Show
      • HEXPOL Sponsored Content
    • Blogs
      • Products
      • Wacky World of Rubber
    • Newsletters
      • Rubber in Automotive
      • Silicone News
      • Latex News
      • Sign Up for Newsletters
    • Multimedia
      • Videos
      • Photo Galleries
    • Directory
    • Resources
      • Classifieds & Mold Mart
      • Sponsored Content
      • White Papers
    • Data
    • Events
      • RPN Events
      • RPN Livestreams/Webinars
      • Industry Events
      • Past Events
      • ITEC Library
      • International Silicone Conference Library
    • Advertise
    • DIGITAL EDITION