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Mar 31, 2021
Goodyear Q1 2021 Earnings Report
Goodyear's first quarter results for 2021 showed a significant improvement in segment operating income and adjusted net income compared to the previous year, driven by higher volume, improved price/mix, and cost-saving actions.
Key Takeaways
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.
First quarter net income was $12 million, a significant improvement from the prior year.
Segment operating income reached $226 million, the strongest first quarter since 2018.
Global consumer replacement volume significantly exceeded industry levels.
Revenue per tire increased by 3%, excluding foreign currency effects.
Goodyear
Goodyear
Goodyear Revenue by Segment
Goodyear Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Goodyear did not provide specific forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income