I most often base my analysis on company fundamentals, industry specific data, and broader economic trends. I read company quarterly presentations, but very rarely cut and paste presentation content and include it with my analysis. Those presentations are put together specifically to present company data and results in the most favorable way limited only by SEC regulations. I have not seen a single company presentation advising investors to sell.I sometimes work with fellow Seeking Alpha author Badsha Chowd ...

sfc-co2 Revenue Co Adjusted Margin ZIRIDGESTONE Bridgestone Corporation (OTCPK:BRDCF) (OTCPK:BRDCY) saw a bit of pressure on some of its more profitable products due to low-priced Thai imports taking the market by storm, with a destocking trend ahead of possible higher tariffs. While Bridgestone is looking more discounted now compared to pers unlike in our previous coverage, and is doing a bit better than some peers in specialty segments, they are still exposed to this Thai import situation and may see anot ...

Bridgestone Corporation (OTCPK:BRDCY) Q2 2024 Earnings Conference Call August 9, 2024 1:00 AM ET Company Participants Masahiro Higashi - Global Chief Administration Officer Shuichi Ishibashi - Global CEO and Representative Executive Officer Naoki Hishinuma - Global CFO and Executive Director, Group Finance Conference Call Participants Kazunori Maki - SMBC Nikko Securities Inc. Rimi Yoshida - Citigroup Global Markets Shiro Sakamaki - Daiwa Securities Shinji Kakiuchi - Morgan Stanley Unidentified Company Repr ...

Financial Results for 1st Half of Fiscal 2024 Bridgestone Corporation Global CFO and Executive Director, G Finance Bridgestone Corporation Naoki Hishinuma August 9, 2024 1. Business and Financial Performance for 1st Half of Fiscal 2024 ･･･ 3 2. Fiscal 2024 Guidance ･･･ 14 2/19 1. Business and Financial Performance for 1st Half of Fiscal 2024 3/19 （Yen in billions） | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------|-------------------|---------|-------------|---------|------------ ...

NASHVILLE, Tenn., May 23, 2024 /PRNewswire/ -- Bridgestone Corporation (Bridgestone) was recognized by General Motors (GM) as one of its top global suppliers of 2023. The company was awarded this distinction during the GM 32nd Annual Supplier of the Year event. Performance, innovation, cultural alignment with GM's values, and having a commitment to achieving GM's ambitious goals are what earned Bridgestone this honor. Bridgestone was one of 86 companies out of GM's network of more than 20,000 suppliers to a ...

Financial Data and Key Metrics Changes - Revenue for Q1 2024 was JPY 1,064.1 billion, an increase from the previous year, while adjusted operating profit was JPY 120.2 billion, also up from the previous year [83] - Profit attributable to owners of the parent decreased slightly to JPY 86.6 billion due to one-time significant gains from the previous year [3] - Adjusted operating profit margin improved by 0.1 percentage points to 11.3% [3] Business Line Data and Key Metrics Changes - In the passenger car and light truck tire segment, despite a decline in sales volume, sales and profit increased year-on-year due to expanded sales of high rim diameter (HRD) tires, with profit margin improving by 0.8 percentage points [6] - Sales of ultra-large mining tires remained flat year-on-year, while sales of tires for construction vehicles declined significantly due to lower demand in Europe [5] - The truck and bus tire business saw a decline in sales and profit due to lower demand in North America and Europe, with profit margin decreasing by 3.8% [57] Market Data and Key Metrics Changes - Demand in Japan was significantly lower than the previous year due to delays in summer tire demand, while demand for HRD tires above 18 inches continued to grow steadily [4] - In North America, sales of HRD tires were strong, but overall sales volume was approximately 90% of the previous year's level [41] - In Europe, demand was on par with the previous year, but market share declined due to a weak channel base [37] Company Strategy and Development Direction - The company aims to return to a strong position capable of adapting to change, focusing on premium products and improving business quality [35] - A medium to long-term action plan for 2025 and beyond includes considering business rebuilding in Latin America [1] - The company is promoting global procurement activities and logistics transformation to improve efficiency [47] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the risk of further deterioration in the Latin American business, particularly in Argentina, and emphasized the need for emergency measures [1][80] - The company expects to see an increase in profit due to a weaker yen, despite the challenges in Latin America [8] - Management highlighted the importance of balancing the risks associated with currency depreciation and the deteriorating business environment in Latin America [18] Other Important Information - Total assets increased by JPY 163.6 billion to JPY 5,591.4 billion, primarily due to foreign exchange impacts from a weaker yen [7] - Free cash flow was maintained at JPY 30.9 billion, with total capital investment amounting to JPY 62.9 billion [58] Q&A Session Summary Question: How does the company assess the first quarter results compared to expectations? - Management indicated that the results were within the scope of expectations, with some upside due to foreign exchange movements, but acknowledged that the Argentina business was slightly more severe than anticipated [90] Question: What is the outlook for the North American truck and bus tire business? - Management noted that if tariffs are raised, the situation may normalize, but they are closely monitoring the developments [92] Question: What are the risks associated with inventory reductions? - Management expressed concerns about prolonged inventory reductions and emphasized the need for careful management of production and inventory levels [96][125]

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Bridgestone Corporation (BRDCY) is a rubber products company. The Zacks Consensus Estimate for its current year earnings has been revised 11.6% downward over the last 60 days.Capital Product Partners L.P. (CPLP) is a shipping company. The Zacks Consensus Estimate for its current year earnings has been revised 9.5% downward over the last 60 days.CEMEX (CX) is a construction company. The Zacks Consensus Estimate for its current year ear ...

Bridgestone Corporation (OTCPK:BRDCY) Q4 2023 Earnings Conference Call February 16, 2024 1:00 AM ET Company Participants Shu Ishibashi - Global CEO, Representative Executive Officer Masahiro Higashi - Global COO Shida Yoshikazu - Global CCO Naoki Hishinuma - Global CFO and Executive Director, Global Finance Conference Call Participants Shinji Kakiuchi - Morgan Stanley Securities Tairiku Sakaguchi - Mizuho Securities Kazunori Maki - SMBC Nikko Arifumi Yoshida - Citi Shiro Sakamaki - Daiwa Securities Unidenti ...

Bridgestone Corporation (OTCPK:BRDCY) Q3 2023 Results Conference Call November 10, 2023 1:00 AM ET Company Participants Shu Ishibashi - Global CEO and Representative Executive Officer Naoki Hishinuma - Global CFO, Executive Director, Chief Finance Conference Call Participants Shiro Sakamaki - Daiwa Securities Shinji Kakiuchi - Morgan Stanley Securities Tairiku Sakaguchi - Mizuho Securities Kazunori Maki - SMBC Nikko Securities Unidentified Company Representative Thank you very much for attending the Summary ...

Bridgestone Corporation (OTCPK:BRDCY) Q2 2023 Results Conference Call August 9, 2023 2:00 AM ET Company Participants Shuichi Ishibashi - CEO Naoki Hishinuma - CFO Conference Call Participants Kazunori Maki - SMBC Nikko Securities Shinji Kakiuchi - Morgan Stanley Shiro Sakamaki - Daiwa Securities Tairiku Sakaguchi - Mizuho Securities Shuichi Ishibashi Hello, everyone. I am Shu Ishibashi, Global CEO. I will explain the Financial Results for the First Half as well as the Fiscal 2023 Guidance. First, regarding ...