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Goodyear delivers record earnings amid sales decline

 

Akron, Ohio — Despite a drop in net earnings and sales for the third quarter, Goodyear boosted its segment operating income 21 percent to a record $520 million.

Goodyear’s third-quarter net income slipped 3 percent to $161 million on a 6-percent drop in sales to $4.7 billion for the third quarter, ended Sept. 30, compared with the year-ago period.

“We delivered outstanding earnings growth in the quarter and achieved a segment operating income margin of more than 11 percent, the highest in more than a decade, despite…

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