Loading...
•
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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...