20 Feb 2017
ERJ's financial statements tracker
| Date | Company | Period | Sales (yr-on-yr%) | Earnings measure (yr-on-yr%) | Trading comments | |
| 20 Feb | Yokohama Rubber Co | FY16 | $5.61bn (-5.3%) | Operating income $398.4m (- 22.4%) | “Adverse conditions” in overseas tire markets, including strong yen and declining prices. Sales down despite six months revenue ($240m) from acquired ATG. Tires segment had 15.6% drop in operating income to $341.9m, while sales fell 10% to $4.24bn. Volumes flat in North America but up in Europe, and in the Chinese OE market. For FY17 expects a 12.2% increase in operating income and 10.7% higher sales. | |
| 17 Feb | Bridgestone Corp. | FY16 | Yen3.3trn (€27.5 billion) -12% | Op income Yen450bn (-13%) | Tires sales down 13% to Yen2.7trn and income down 12%, hit by strong Yen, uncertain global economy and slow domestic recovery. Expects natural rubber prices to stay high before drop-back in H2/17. | |
| 17 Feb | Cooper Tire & Rubber Co. | FY16 | $2.92bn (0%) | Net income $248.4m (+16.7%) | Unit volume up 7.7% in Q4 and 2.6% for the year. International tire sales up 23% to $124m in Q416 and 2.7% for FY16 to $464m. Double-digit volume rises in Europe and Asia with domestic unit tire sales (both OE and replacement) in China up 88%. Americas Q4 tire sales down 2.4% to $694m and down 3.1% to $2.6bn for FY16 on negative price/mix and currency factors. Raw material costs to level off later this year. | |
| 16 Feb | Cooper-Standard | FY16 | $3.47bn (+4%) | Adj. EBITDA $416.7m (+15.0%) | ‘Record’ sales, gross profit margin, adjusted EBITDA. |
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