Goodyear’s Q2 net income up 6.8% y/y to USD157 million

Company expects full-year 2018 operating income of between USD1.45 billion and USD1.5 billion

Goodyear has reported 6.8% year-over-year (y/y) increase in net income to USD157 million for the second quarter ended 30 June 2018, the US-based tire-maker said in a press release on 27 July. Sales increased 4% y/y to USD3.84 billion, driven by higher volume and improved price/mix. Tire volume during the quarter increased 4% y/y to 39 million units, driven by higher demand. However, the company’s segment operating income dropped 12.2% y/y to USD324 million amid higher raw material costs and general cost inflation.