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Bridgestone Corp (BRDCY)
OTHER OTC:BRDCY
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.74Last Year’s EPS
0.31Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 0.57%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong performance in premium tire solutions and strategic growth in the Indian market being offset by significant challenges in the North American and Latin American markets, declining profits in the Americas segment, and high operational costs. Although progress is being made in restructuring and business recovery, the balance between highlights and lowlights suggests the company is facing substantial hurdles.Company Guidance
In the Q3 2024 earnings call for Bridgestone Corporation, the company presented several key metrics and guidance for the upcoming period. Despite facing challenges in the passenger car tire business in North America and deteriorating conditions in Latin America, Bridgestone reported a year-on-year increase in revenues, bolstered by favorable foreign exchange rates. However, profitability was impacted, with the adjusted operating profit margin declining to 10.8%, a 0.5% decrease from the previous year. The North American truck and bus aftermarket tire business showed signs of recovery, while the premium tire segment, including mining, aircraft, and motorcycle tire solutions, performed strongly. The company maintained its full-year forecast, with a minimum dividend of JPY 210 per share. Bridgestone is focused on improving its sales mix, reducing fixed costs, and implementing business restructuring initiatives, particularly in Europe and Latin America, to enhance future profitability. The company also highlighted a significant increase in sales and profits in its Commercial B2B Solutions segment, with mining and aviation solutions achieving high operating profit margins of over 15% and 25%, respectively.Revenue Growth Driven by Premium Tire Solutions
Cumulative Q3 results showed a year-on-year increase in revenues due to strong performance in premium tire sales and favorable foreign exchange rates. The mining, aircraft, and motorcycle premium tire solutions businesses performed well, driving the group's overall results.
Improvement in North American Truck and Bus Tire Business
The North American truck and bus aftermarket tire business and retreading business have emerged from their worst phases and are on a recovery track.
Strong Performance in Aircraft and Mining Tire Solutions
Specialties Premium Tire Solutions business, including ultra-large mining tires and Aircraft Tire Solutions, saw increased profits and steady sales expansion post-COVID, significantly driving profitability improvements.
Strategic Growth in Indian Market
In India, Bridgestone is focusing on expanding premium passenger car tires, with annual sales approaching JPY 100 billion, and is implementing strategic growth investments to enhance production and quality.
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BRDCY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BRDCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $17.62 | $17.70 | +0.45% |
| Aug 09, 2024 | $19.21 | $19.04 | -0.88% |
| May 13, 2024 | $22.08 | $22.30 | +1.00% |
| Feb 16, 2024 | $21.60 | $21.22 | -1.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bridgestone Corp (BRDCY) report earnings?
Bridgestone Corp (BRDCY) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Bridgestone Corp (BRDCY) earnings time?
Bridgestone Corp (BRDCY) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRDCY EPS forecast?
BRDCY EPS forecast for the fiscal quarter 2024 (Q4) is 0.74.
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