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Mar 31, 2022
Goodyear Q1 2022 Earnings Report
Goodyear reported strong first-quarter results driven by the Cooper Tire merger and pricing actions, despite supply chain disruptions and geopolitical challenges.
Key Takeaways
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.
Net sales increased by 40% compared to Q1 2021, with 20% growth excluding the Cooper Tire transaction and foreign currency impacts.
Goodyear's net income for the first quarter was $96 million, while adjusted net income reached $105 million.
Merger-adjusted segment operating income rose by 38% to $311 million compared to the first quarter of 2021.
The company experienced continued global market share growth during the quarter, driven by consumer replacement tires.
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
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income