From Yahoo Finance.: 2025-04-10 03:03:00

Michelin expects first-quarter sales to be slightly below market consensus due to steep seasonality in 2025. U.S.-imposed tariffs add market volatility, but Michelin’s local-to-local strategy helps address them. Michelin employs over 23,500 people in the U.S. and Canada, with major production sites in Mexico and Canada.

Recent U.S. executive orders require clarification, impacting Michelin’s North American market, which represented 38.6% of its total annual sales in 2024. The company anticipates a 6-8% volume drop in the first quarter, below analyst expectations of a 2.6% drop in sales. Michelin will release Q1 results on April 24.

70% of Michelin’s tires sold in the U.S. are made in the country, reducing the impact of President Trump’s tariffs. The company notes natural rubber is unaffected by recent announcements, and the U.S. is self-sufficient in synthetic rubber production. Michelin remains cautious amidst market volatility, awaiting Q1 sales release for further insights.

Read more: Michelin sees first-quarter sales below consensus due to higher seasonality