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Stock impact report

Goodyear reduces quarterly loss [Yahoo! Finance]

The Goodyear Tire & Rubber Company (GT) 
Last the goodyear tire & rubber company earnings: 4/30 07:15 am Check Earnings Report
US:NYSE Investor Relations: goodyear.com
Company Research Source: Yahoo! Finance
The net loss was $57m (20 cents per share) compared to a net loss of $101m (35 cents per share) a year ago thanks to increases in segment operating income. The 2024 period also included several significant items including, on a pre-tax basis, Goodyear Forward costs of $28m and rationalisation charges of $22m, compared with pre-tax rationalisation charges of $32m in 2023. Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales. First quarter 2024 adjusted net income was $29m compared to an adjusted net loss of $82m in the prior year's quarter. Adjusted earnings per share was $0.10, compared to a loss of $0.29 in the prior year. The company reported segment operating income of $247 million in the first quarter of 2024, up $122 million from a year ago. The increase reflected benefits of $127m from price/mix versus raw materials and $72 million from the Goodyear Forward transformation plan. These were partly offset Show less Read more
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