Goodyear Tire (GT) Tops Q1 EPS by 16c
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GOODYEAR REPORTS FIRST QUARTER 2022 RESULTS
May 6, 2022 7:45 AM EDTNet sales growth of 40% compared with the first quarter of 2021, 20% growth excluding the Cooper Tire transaction and foreign currency
First quarter Goodyear net income of $96 million; adjusted net income of $105 million
Merger-adjusted segment operating income of $311 million, up 38% compared to the first quarter of 2021
Continued global market share growth during the quarter, driven by consumer replacement
Price/mix exceeded raw materials by more than $130 million
Revenue per tire (excluding currency impact) up 17% versus first quarter of 2021
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