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Dec 31, 2020
Goodyear Q4 2020 Earnings Report
Goodyear's fourth quarter results reflected strong performance driven by cost-saving actions and improvements in price/mix, despite challenges from lower volume and reduced factory utilization.
Key Takeaways
Goodyear reported Q4 2020 sales of $3.7 billion, a 2% decrease from the prior year. Net income was $63 million, or $0.27 per share, compared to a net loss of $392 million in the prior year. Adjusted net income was $103 million, or $0.44 per share, compared to $45 million in the prior year. The company's segment operating income was $302 million, up 25% from the prior year.
Net income of $63 million, adjusted net income of $103 million.
Segment operating income of $302 million, up 25% from the prior year.
Full-year cash flow from operations of $1.1 billion, reflecting strong working capital performance.
Robust cash and liquidity position of $5.4 billion.
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 enters 2021 with good momentum, expecting its commercial business to continue outperforming the industry and its consumer replacement business to strengthen. The company anticipates benefiting from its consumer OE pipeline and is positioned to capitalize on stronger industry fundamentals.
Positive Outlook
- Commercial business continues to outperform the industry.
- Consumer replacement business is strengthening.
- Beginning to see the benefits of a robust consumer OE pipeline.
- Positioned to capitalize on stronger industry fundamentals in 2021.
- Strong cash flow during the fourth quarter.
Challenges Ahead
- Impact of COVID-19 pandemic.
- Increases in the prices paid for raw materials and energy.
- Labor strike, work stoppage or other similar event.
- Foreign currency translation and transaction risks.
- Deteriorating economic conditions or an inability to access capital markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income