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 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.