Bandag’s sales, earnings climb-but European business is down

Muscatine, Iowa-Spurred by strong transportation business results, Bandag Inc. recorded improvement in both net income and sales in the second quarter and the first six months of 2005. Despite these good results, in Europe, the tyre retreading group’s volumes and sales dropped.

The company reported net earnings of $12.7 million in the second quarter, up from $11.9 million in the like period last year, on sales of $227.3 million up 7 percent from the second quarter of 2004.

Net income rose to $18.7 million in the…

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