Linglong revenue up 32% in 2017 to $2B-plus

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YANTAI, China — Linglong Group Co. Ltd.’s revenue jumped by nearly one-third this past year over 2016, according to a recent filing on the Shanghai Stock Exchange.

Read the source article at Tire Business

Goodyear suffers double-digit earnings drops, Q4 net loss

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Akron, Ohio — Goodyear suffered double-digit drops in segment operating income for the quarter and fiscal year ended 31 Dec and reported a tax-reform-related net loss for the quarter.

Goodyear cited elevated raw materials costs and the “unfavourable” impact of reduced production volumes on costs for the operating earnings declines, and said the fourth quarter loss was driven by a $299 million (€244 million) one-time, non-cash tax charge related to US tax reform.

Read the source article at European Rubber Journal

Yokohama Rubber Reports Gains in Sales and Earnings in First Three Quarters of 2017

Company achieves increase of 39.7% in operating income while posting highest-ever net sales for first three quarters

Tokyo – The Yokohama Rubber Co., Ltd., announced today its business and financial results for the first three quarters of 2017 (January to September). Profit attributable to owners of parent increased 96.4% over the same period of the previous year, to 16.7 billion yen, on a 39.7% increase in operating income, to 26.4 billion yen, and a 13.8% increase in net sales, to 466.8 billion yen. The figure for net sales was Yokohama’s highest ever for the first three quarters. 

The strong fiscal performance reflected robust results in Yokohama’s Tires segment. Operating income in that segment rose 14.8%, to 19.0 billion yen, on a 7.3% increase in sales, to 333.1 billion yen. Yokohama achieved the gain in operating profitability despite the adverse effect of upward movement in prices for raw materials. 

In the original equipment market for tires, Yokohama’s sales increased solidly overseas, led by

Read the source article at 企業サイトトップ

Unique Fabricating, Inc. Reports Third Quarter 2017 Financial Results

AUBURN HILLS, Mich.Nov. 9, 2017 /PRNewswire/ — Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the third quarter ended October 1, 2017.

 

Third Quarter 2017 Financial Highlights

  • Revenue of $41.2 million in the third quarter 2017, down 7.9% compared to $44.8 million in the third quarter 2016
  • Net income of $0.7 million, or $0.07 per basic and diluted share…

Read the source article at PR Newswire

Cooper Tire & Rubber Company Reports Third Quarter 2017 Results; Management Updates Guidance

FINDLAY, Ohio- Cooper Tire & Rubber Company (NYSE:CTB) today reported third quarter 2017 net income of $62 million, or diluted earnings per share of $1.18, compared with $49 million, or $0.90 per share, last year. The quarter included a $39 million benefit from lower product liability costs. For comparison purposes, the third quarter of 2016 included a non-cash pension settlement charge of $11.5 million related to the lump-sum distribution of benefits offered to certain former employees.

Read the source article at businesswire.com

Cooper Tire & Rubber posts Q3 2017 results

Cooper Tire & Rubber Company has reported a net income of US$62 million (diluted earnings per share of $1.18) for the third quarter of 2017, up 26.5 per cent from a year earlier.

Read the source article at Tyrepress

Goodyear Reports 3rd Quarter Results

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The Goodyear Tire & Rubber Co. has reported results for the third quarter and first nine months of 2017.

“During the third quarter, we saw a continuation of the challenging industry conditions we experienced in the second quarter including lower consumer replacement volumes, production cuts by automakers and an increase of more than 30 percent in our raw material input costs,” said Richard Kramer, chairman, CEO and president.

Read the source article at Aftermarket News

Cooper Standard to Host Conference Call on Nov. 1 to Discuss Third Quarter 2017 Financial Results

NOVI, Mich., Oct. 18, 2017 /PRNewswire/ — Cooper-Standard Holdings Inc. (NYSE: CPS) will hold a conference call on Wednesday, Nov. 1 at 9 a.m. ET. The Company’s Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan Banas will discuss Cooper…

Read the source article at PR Newswire

Cooper Tire & Rubber Company : to Release Third Quarter 2017 Financial Results October 30

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Cooper Tire & Rubber Company (NYSE: CTB) will announce third quarter 2017 financial results before the U.S. stock markets open on Monday, Oct. 30, 2017. Management will discuss the financial results on a conference call beginning at 10 a.m. EDT that day. Individuals may access a live webcast of the conference call at http://coopertire.com/Investors.aspx or at http://services.choruscall.com/links/ctb171030.html .

Read the source article at Stock Market Quotes and News

Hankook Tire posts Q2 slump in earnings

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Seoul, Korea / Neu-Isenburg, Germany – Hankook Tire has posted a 34.4% drop in operating earnings for the second quarter on global sales 3.5% lower at €1.341 billion, the company announced 9 Aug.

The Korean tire maker linked the earnings decline, which saw operating profit fall to €163.9 million, was mainly due to higher raw materials prices.

On a brighter note, Hankook said quarter-on-quarter sales revenue had increased, with growth “outpacing the market.”

Read the source article at European Rubber Journal