- Goodyear Tire & Rubber press release ( NASDAQ: GT ): Q2 Non-GAAP EPS of $0.46 beats by $0.11 .
- Revenue of $5.21B (+30.9% Y/Y) beats by $230M .
- Tire unit volumes totaled 45.6M, up 21% Y/Y.
- Replacement and original equipment tire unit volume increased 23% and 17%, respectively, reflecting the addition of Cooper Tire unit volume and growth in our legacy business.
- "Our second quarter and first half sales were the highest in a decade, reflecting the recent addition of Cooper Tire, the benefit of strong pricing actions across many of our key markets, and volume growth," said Richard J. Kramer, chairman, chief executive officer and president.
- "With the increase in our top line, we continued to grow earnings despite elevated inflation and COVID-related disruptions in China. I am pleased with the agility and execution our teams demonstrated through the first half of the year."
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Goodyear Tire & Rubber Non-GAAP EPS of $0.46 beats by $0.11, revenue of $5.21B beats by $230M