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Stock impact report

Tariffs threaten Goodyear's continued sales rebound [Yahoo! Finance]

The Goodyear Tire & Rubber Company (GT) 
Last the goodyear tire & rubber company earnings: 4/30 07:15 am Check Earnings Report
US:NYSE Investor Relations: goodyear.com
Company Research Source: Yahoo! Finance
Dive Brief: The Goodyear Tire & Rubber Co. exceeded its expectations in Q4 2024 with a net income of $76 million, a huge jump compared with last year's net loss of $291 million, due to actions under its corporate transformation plan, according to a Feb. 13 earnings release The tire manufacturer's Q4 net sales were down 3.3% year over year at $4.9 billion and the full year's net sales were down nearly 6% at $18.9 billion due to decreased tire units sold, unfavorable pricing and reduced inventory in its Americas and Asia Pacific segments. Meanwhile, net income for the full year skyrocketed to $70 million compared to 2023's $689 million net loss, driven by a slight bump in segment operating income amid the company's corporate strategy overhaul, according to a company presentation Dive Insight: The rubber tire maker's corporate transformation plan was initially announced in 2023. Since then, Goodyear has been working on streamlining its portfolio and production to reduce costs. Show less Read more
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