March 31, 2003
Filed under Features
BRIDGESTONE HAS EARNINGS GAIN
Bridgestone Corporation, parent company of Bridgestone Americas Holding, Inc. (BSAH), reported that worldwide net income for fiscal year 2003 increased 96%, to $800 million (USD), on a two percent increase in net sales, to $21.5 billion. Operating income was basically unchanged, at $1.7 billion.
In the Americas, BSAH 2003 net sales and net income were approximately $8.2 billion and $78 million, respectively. The performance for 2003 represents a 7% increase in total sales revenue over 2002 led by a strong performance in the Bridgestone brand and continuing growth in sales of the Firestone brand.
Bridgestone Corporation, headquartered in Tokyo, is the world’s largest tire and rubber company. Nashville-based Bridgestone Americas Holding, Inc. is the U.S. subsidiary of the Bridgestone Corporation.