The Goodyear Tire & Rubber Co. reported Wednesday that first-quarter net income fell by 55 percent compared to a year ago — even as sales rose.

The Akron tire maker said net income was $75 million, or 31 cents per share, down from $166 million, or 65 cents per share, a year ago. Adjusted net income was $122 million, or 50 cents per share, compared to $189 million, or 74 cents per share, last year.

The company reported operating income of $281 million in 2018, down from $390 million a year ago.

First-quarter sales rose 4 percent to $3.8 billion.

“We are pleased with our first-quarter results given higher raw material costs and weaker demand than we expected in the quarter,” Goodyear Chairman, Chief Executive Officer and President Richard J. Kramer said in a prepared statement. “These results were highlighted by our performance in the 17-inch-and-larger segment in consumer replacement, which delivered more than double the industry growth in the U.S. and Europe.”