1. Retail

    North America Helped Drive Toyo's 2022 Results

    Feb. 14, 2023
    Photo Credit: MTD
    In North America, Toyo achieved a 39.6% increase in sales.

    In North America, Toyo achieved a 39.6% increase in sales.

    Sales and income increases in North America contributed significantly to Toyo Tire Corp.'s overall gains in 2022. Globally, Toyo posted a 26.3% increase in sales during the year.

    However, the company's operating income declined by 17% versus prior-year levels.

    In North America, Toyo achieved a 39.6% increase in sales, while its operating income in the region climbed by nearly 16%.

    Toyo's overall tire sales increased by 28.5% last year. Income derived from tire sales increased by 15.3% during 2022.

    Company officials are projecting sales and income gains in 2023.

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