Third quarter Goodyear net loss of $34 million (12 cents per share); adjusted net income of $105 million (37 cents per share)
Segment operating income of $347 million; SOI margin of 7.2%, up ~70 bps YoY
Fourth consecutive quarter of SOI margin expansion; TTM up ~300 bps YoY
Americas segment operating income of $251 million, SOI margin of 8.8%
Asia Pacific segment operating income of $72 million, SOI margin of 11.7%
Goodyear Forward targets increased, portfolio optimization in progress
AKRON, Ohio, Nov. 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) reported third quarter 2024 results today and the company will host an investor call tomorrow morning at 8:30 a.m. eastern time led by Mark Stewart, Goodyear's chief executive officer and president, and Christina Zamarro, the company's executive vice president and chief financial officer. The management team will share insights on third quarter performance and progress on the Goodyear Forward transformation plan.
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