On Nov. 9, Goodyear Tire & Rubber
- Revenues grew to a record $5.3 billion -- a 5% increase, or 6% if you exclude discontinued operations.
- Revenues grew despite lower unit production (because of exiting the private label business), thanks to higher prices and higher sales of more premium tires.
- All five tire segments saw increased sales, particularly the key North American market, which saw increases of nearly 12% over last year. Competitor Cooper Tire
(NYSE:CTB) was unable to gain traction in the North American market this quarter. - Even though a GAAP loss of $0.27 per share was recorded, taking out one-time expenses had the tire maker exceeding analysts' $0.24 per-share estimates
- Goodyear carries a three-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|---|
Sales |
$0 |
$5,284 |
$5,030 |
5% |
Net Profit |
-- |
($48) |
$142 |
N/A |
EPS |
$0.24 |
($0.27) |
$0.70 |
N/A |
Diluted Shares |
177 |
209 |
(15.3%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
Q3 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
18.07% |
20.34% |
(2.27) |
Operating Margin |
0.34% |
4.23% |
(3.89) |
Net Margin |
(0.91%) |
2.82% |
(3.73) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$1,314 |
$1,662 |
(20.9%) |
Accounts Rec. |
$3,837 |
$3,702 |
3.6% |
Inventory |
$3,222 |
$2,894 |
11.3% |
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Accounts Payable |
$2,098 |
$1,859 |
12.9% |
Long-Term Debt |
$4,630 |
$4,944 |
(6.4%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
This information was not included in the press release.
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Related Companies:
- Cooper Tire & Rubber
-
Bandag
(NYSE:BDG) -
Ford
(NYSE:F) -
Daimler-Chrysler
(NYSE:DCX) -
General Motors
(NYSE:GM)
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Fool contributor Rich Duprey had positions in both Goodyear and Ford. Fool rules are here.