The just-released Q4 and 2012 numbers for Goodyear Tire & Rubber (NASDAQ:GT) revealed some declining numbers. For the quarter, the company's net sales dropped to just over $5.0 billion, from Q4 2011's $5.7 billion. Net income attributable to shareholders was essentially zero, against an $18 million ($0.07 per diluted share) profit in the same quarter the previous year. The figure for segment operating income was $272 million, which bettered Q4 2011's $196 million.
For the full year, the company's revenue slid to $21.0 billion, down from 2011's $22.8 billion. The bottom line was $183 million ($0.74 diluted EPS), which was down significantly from the year-previous result of $321 million ($1.26). Segment operating income totaled $1.2 billion, against 2011's $1.4 billion.
Goodyear provided segment operating income guidance for its fiscal 2013. The company anticipates that line item to come in at $1.4 billion to $1.5 billion.
Fool contributor Eric Volkman and The Motley Fool have no position in Goodyear Tire & Rubber. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
3 Stocks That Are Absurdly Cheap Right Now
Three stocks that, for different reasons, look very cheap today. But cheap isn't the same as being worth buying. Keep reading to find out if these are worth buying.
Why Altria Group, Western Digital, and Goodyear Tire & Rubber Slumped Today
These stocks fell sharply even as the market held its own. Find out why.
Why Goodyear Tire & Rubber Company's Stock Just Crashed 11.1%