Goodyear Earnings Reports

In Q3 2025, Goodyear posted a net loss of $2.2 billion largely due to a $1.4 billion deferred tax valuation allowance and $674 million goodwill impairment. However, adjusted net income was $82 million, and the Goodyear Forward initiative delivered $185 million in segment operating income benefits.

Goodyear's first quarter 2025 net sales were $4.3 billion, with net income of $115 million, or $0.40 per share. The company reported $200 million in benefits from the Goodyear Forward plan and completed the sale of the Dunlop brand, further optimizing its portfolio and strengthening its balance sheet.

Goodyear reported a net income of $76 million for the fourth quarter of 2024, a significant improvement from a net loss of $291 million in the prior year's quarter. Adjusted net income for Q4 2024 was $114 million. Full-year 2024 net income was $70 million, with adjusted net income of $302 million. The company's Goodyear Forward transformation plan contributed $480 million in benefits for the full year, exceeding its plan.

Goodyear reported a net loss of $34 million for Q3 2024, but adjusted net income was $105 million. The company increased its Goodyear Forward gross run-rate gains target to $1.5 billion by the end of 2025 and raised its 2024 Goodyear Forward gross benefits guidance to $450 million.

Goodyear reported second quarter 2024 sales of $4.6 billion with net income of $85 million, or $0.30 per share, and adjusted earnings per share of $0.19. The company's performance was driven by segment operating income, which increased by $215 million compared to the second quarter of 2023, and the Goodyear Forward transformation plan.

Goodyear reported first quarter 2024 sales of $4.5 billion with tire unit volumes totaling 40.4 million. The company experienced a net loss of $57 million, but adjusted net income was $29 million. Segment operating income increased by $122 million compared to the first quarter of 2023, driven by price/mix versus raw materials and the Goodyear Forward transformation plan.

Goodyear's Q4 2023 net sales decreased by 4.8% year-over-year, driven by lower replacement volume and lower third-party chemical sales. The company reported a net loss of $291 million, compared to a net loss of $104 million in the prior year. However, adjusted earnings per share were $0.47, compared to $0.07 a year ago, driven by strong operating results in Americas and Asia Pacific.

Goodyear's Q3 2023 results showed a net loss of $89 million, or $0.31 per share, compared to a net income of $44 million, or $0.16 per share, in the prior year. Adjusted EPS was $0.36 compared to $0.40 a year ago. Net sales decreased by 3.2% to $5.142 billion. The segment operating income was $336 million with a margin of 6.5%.

Goodyear's Q2 2023 sales decreased by 6.6% compared to the prior year, driven by lower volume and foreign exchange impacts, though partly offset by strong price/mix. The company reported a net loss of $208 million, a decrease from the net income of $166 million in the same quarter last year.

Goodyear's first quarter 2023 results were impacted by weak industry volumes and inflation, but the company is driving toward strong operating results as it moves through the year. Net sales grew 1% compared to Q1 2022, but unit volume was down 7%. The integration of Cooper Tire was largely completed during the quarter.

Goodyear's Q4 2022 net sales increased by 6.3% year-over-year, driven by strong price/mix. However, the company reported a net loss of $104 million, compared to a net income of $553 million in the prior year, due to higher tax expenses and increased cost of goods sold. Adjusted EPS was $0.07, down from $0.57 in the prior year.

Goodyear's Q3 2022 net sales increased by 8% compared to the prior year, driven by pricing actions, despite a decrease in tire volumes. The company's operating income remained relatively steady due to its ability to offset cost headwinds with price/mix strategies. Goodyear's net income was $44 million, and adjusted net income was $116 million.

Goodyear reported a 31% increase in sales to $5.2 billion in Q2 2022. Net income was $166 million, and adjusted net income reached $131 million. The company benefited from the Cooper Tire merger, improvements in price/mix, and higher volume.

Goodyear's first quarter 2022 saw a 40% increase in net sales compared to the previous year, reaching $4.9 billion. Net income was reported at $96 million, with adjusted net income at $105 million. Merger-adjusted segment operating income increased by 38% to $311 million.

Goodyear reported a strong fourth quarter in 2021, achieving its highest Q4 revenue in nearly 10 years, driven by the Cooper Tire merger, improvements in price/mix, increased sales from other tire-related businesses, and higher volume. Net income was $553 million, or $1.93 per share, compared to $63 million, or $0.27 per share, in the prior year. Merger-adjusted segment operating income increased by 32% year-over-year.

Goodyear reported a net sales growth of 42% compared to Q3 2020, with a net income of $132 million and an adjusted net income of $206 million. Merger-adjusted segment operating income reached $449 million, and global consumer replacement volume continued to exceed industry levels.

Goodyear reported a net income of $12 million for the first quarter of 2021, a significant turnaround from the net loss of $619 million in the same period last year. Adjusted net income was $102 million, compared to an adjusted net loss of $140 million in 2020. Sales increased by 15% to $3.5 billion, driven by higher volume, improvements in price/mix, and favorable foreign currency translation.

Goodyear reported Q4 2020 sales of $3.7 billion, a 2% decrease from the prior year. Net income was $63 million, or $0.27 per share, compared to a net loss of $392 million in the prior year. Adjusted net income was $103 million, or $0.44 per share, compared to $45 million in the prior year. The company's segment operating income was $302 million, up 25% from the prior year.

Goodyear reported a decrease in sales by 9% to $3.5 billion due to lower volume, unfavorable foreign currency translation and reduced sales from other tire-related businesses, which was partially offset by improvements in price/mix. The company's net loss was $2 million, compared to a net income of $88 million in the prior year.

Goodyear's Q2 2020 sales were $2.1 billion, a 41% decrease from the previous year. The company reported a net loss of $696 million, or $2.97 per share, compared to a net income of $54 million, or $0.23 per share, in the prior year. The decline was driven by lower industry volume and reduced sales from other tire-related businesses, partially offset by improvements in price/mix.

Goodyear reported a challenging first quarter in 2020, with sales down 15% to $3.1 billion due to the impact of the COVID-19 pandemic. The company reported a net loss of $619 million, or $2.65 per share, compared to a net loss of $61 million, or $0.26 per share, in the prior year. The company is taking actions to reduce costs and preserve cash, including temporarily closing manufacturing facilities and reducing payroll costs.

Goodyear reported a decrease in sales and a net loss for Q4 2019, impacted by discrete tax adjustments and rationalization charges. However, the company saw strong performance in its U.S. consumer and commercial replacement businesses, and growth in consumer replacement in China and Brazil.