Bulletin: Goodyear Tire&Rubber Co. (The) First-Quarter Results Have No Effect On The Rating - S&P Global Ratings’ Credit Research

Bulletin: Goodyear Tire&Rubber Co. (The) First-Quarter Results Have No Effect On The Rating

Bulletin: Goodyear Tire&Rubber Co. (The) First-Quarter Results Have No Effect On The Rating - S&P Global Ratings’ Credit Research
Bulletin: Goodyear Tire&Rubber Co. (The) First-Quarter Results Have No Effect On The Rating
Published Apr 29, 2011
Published Apr 29, 2011
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Abstract:

NEW YORK (Standard&Poor's) April 29, 2011--Standard&Poor's Ratings Services today said that first-quarter 2011 results for Akron, Ohio-based The Goodyear Tire&Rubber Co. (BB-/Stable/--) were consistent with the current rating. In the first quarter, sales were $5.4 billion, up 26.5% from the quarter a year ago, because of higher tire sales and a better price mix. The company's segment operating profit was $327 million, compared with $240 million a year ago, and reflects a stronger price mix of $361 million that almost offset the $385 million in rising raw material costs. Goodyear reported record sales in all of its geographical segments. Moreover, segment operating income in North America was $40 million, compared with a negative $14

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Tires & Rubber (25101020)
Sector
Global Issuers , Structured Finance
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Goodyear Tire&Rubber Co. (The) First-Quarter Results Have No Effect On The Rating" Apr 29, 2011. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Goodyear-Tire-Rubber-Co-The-First-Quarter-Results-Have-No-Effect-On-The-Rating-863873>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Goodyear Tire&Rubber Co. (The) First-Quarter Results Have No Effect On The Rating Apr 29, 2011. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Goodyear-Tire-Rubber-Co-The-First-Quarter-Results-Have-No-Effect-On-The-Rating-863873>
  
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