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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 11, 2024
|% Change Since: -3.41%
|Next Earnings Date:Feb 17, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging business environment with significant struggles in the Americas and Europe, leading to a revised downward forecast. However, there are positive developments in the Asia Pacific and specialty segments, as well as growth in the Solutions business.Company Guidance
During the earnings call for the first half of 2024, Global CEO Shuichi Ishibashi provided comprehensive fiscal guidance, detailing multiple key performance metrics. The company experienced a year-on-year revenue increase, yet global adjusted operating profit decreased to JPY 229.2 billion, with an adjusted operating income margin of 10.5%. This decline was attributed to factors such as reduced sales volume and business challenges in Latin America, despite the benefit from favorable foreign exchange rates. The forecast for the full year was adjusted downward due to underperformance in the Americas, with expectations of JPY 490 billion in adjusted operating income, marking a JPY 40 billion decrease from the original February plan. The company emphasized efforts to rebound in the second half by strengthening their premium tire market presence and enhancing global business cost reduction activities. They aim for steady improvements in profitability, driven by strategic initiatives and an anticipated rebound in markets like North America and Europe.Global Revenue Increase
Global revenue increased year-on-year due to expanded sales of passenger HRD tires for replacement, steady sales of off-the-road tires for mining vehicles, and favorable foreign exchange rates.
Profit Increase in Asia and Specialties
Asia Pacific, India, and China businesses, as well as specialties such as mining and aircraft tires, reported year-on-year profit gains.
Solutions Business Growth
Solutions business sales grew 110% year-on-year, primarily in mining and aviation solutions.
Specialty Segment Profitability
Sales of off-road tires for mining vehicles were significantly profitable, with a margin improvement of 1.3 points to 22.6%.
Strong Cash Flow Management
Free cash flow was maintained at JPY 108.9 billion, similar to last year, aided by cash inflows from sales of fixed assets.
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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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