Goodyear Q4 Sales, Net Drop
The just-released Q4 and 2012 numbers for Goodyear Tire & Rubber revealed some declining numbers. For the quarter, the company's net sales dropped to just over $5.0 billion, from Q4 2011's $5.7 billion. Net income attributable to shareholders was essentially zero, against an $18 million ($0.07 per diluted share) profit in the same quarter the previous year. The figure for segment operating income was $272 million, which bettered Q4 2011's $196 million.
For the full year, the company's revenue slid to $21.0 billion, down from 2011's $22.8 billion. The bottom line was $183 million ($0.74 diluted EPS), which was down significantly from the year-previous result of $321 million ($1.26). Segment operating income totaled $1.2 billion, against 2011's $1.4 billion.
Goodyear provided segment operating income guidance for its fiscal 2013. The company anticipates that line item to come in at $1.4 billion to $1.5 billion.
The article Goodyear Q4 Sales, Net Drop originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in Goodyear Tire & Rubber. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.