Goodyear Q1 net loss narrows to $57M; adjusted EPS $0.10 vs -$0.29

GOODYEAR TIRE & RUBBER CO /OH/

2024-Q1 EPS reported -$0.20 revenue$4,537,000,000

Net loss $57M ($0.20/sh) vs net loss $101M ($0.35/sh) a year ago.
Adjusted net income $29M ($0.10 EPS) vs adjusted net loss $82M (-$0.29).
Segment operating income $247M, up $122M YoY; $127M price/mix benefit, $72M transformation savings.
Sales $4.5B; tire unit volumes 40.4M.
Americas segment operating income $179M, more than double prior year; Asia Pacific margin 10.0%, up 350 bps.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GOODYEAR TIRE & RUBBER CO /OH/ reported first quarter of 2024 results: revenue $4.5 billion, net income $57 million (20 cents per share).

Period: first quarter of 2024
Revenue: $4.5 billion
Net income: $57 million (20 cents per share)
Result: reported results

Exact text from the filing

Goodyear’s first quarter 2024 sales were $4.5 billion with tire unit volumes totaling 40.4 million. First quarter 2024 Goodyear net loss was $57 million (20 cents per share)

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Source: SEC EDGAR

accession 0001193125-24-131963

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