31 Jan 2006
Akron, Ohio - Goodyear expects to report record sales of almost $20 000 million for the full year and more than $900 million for the fourth quarter when it releases its 2005 financial results on 15 February.
The company also expects its segment operating income for the year to be up between 20 and 25 percent from 2004 results. Excluding the impact of hurricanes in the Gulf Coast region, fourth-quarter operating income will probably come in at about $238 million, about the same as the previous year.
Raw material costs increased about 13 percent for the quarter, more than the company had anticipated, the company said.
From Rubber & Plastics News (A Crain publication)
Press release from Goodyear
Goodyear says income stagnant Akron Beacon Journal (US - Ohio)
Goodyear raw materials costs higher than expected Reuters (US)
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