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Dec 31, 2024
Goodyear Q4 2024 Earnings Report
Goodyear reported its Q4 2024 and full-year 2024 results, with net income of $76 million for the quarter and $70 million for the full year.
Key Takeaways
Goodyear reported a net income of $76 million for the fourth quarter of 2024, a significant improvement from a net loss of $291 million in the prior year's quarter. Adjusted net income for Q4 2024 was $114 million. Full-year 2024 net income was $70 million, with adjusted net income of $302 million. The company's Goodyear Forward transformation plan contributed $480 million in benefits for the full year, exceeding its plan.
Fourth quarter 2024 net income was $76 million, a substantial improvement from a net loss of $291 million in Q4 2023.
Adjusted net income for Q4 2024 was $114 million, with adjusted EPS of $0.39.
Full-year 2024 net income reached $70 million, with adjusted net income of $302 million.
The Goodyear Forward transformation plan delivered $480 million in benefits for the full year 2024, surpassing initial expectations.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Goodyear reaffirms its expanded Goodyear Forward targets, anticipating significant deleveraging in 2025. The transformation plan is expected to deliver $1.5 billion in annual run-rate benefits by the end of 2025, with a target net leverage ratio of 2.0x to 2.5x.
Positive Outlook
- Reaffirmed expanded Goodyear Forward targets.
- Significant deleveraging expected in 2025.
- Goodyear Forward transformation plan expected to deliver $1.5 billion in annual run-rate benefits.
- Target segment operating margin of 10%.
- Target net leverage ratio of 2.0x to 2.5x by the end of 2025.
Challenges Ahead
- No specific negative forward guidance was provided in the 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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