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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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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