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Mar 31, 2024
Goodyear Q1 2024 Earnings Report
Goodyear reported a net loss but adjusted net income improved due to segment operating income increases and the Goodyear Forward transformation plan.
Key Takeaways
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.
First quarter sales were $4.5 billion with tire unit volumes totaling 40.4 million.
Net loss was $57 million (20 cents per share), compared to a net loss of $101 million (35 cents per share) a year ago.
Adjusted net income was $29 million, compared to an adjusted net loss of $82 million in the prior year’s quarter.
Segment operating income was $247 million, up $122 million from a year ago.
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 forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income