secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001193125-24-250649
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Goodyear posts Q3 net loss of $34M; raises Goodyear Forward run-rate target to $1.5B
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- Q3 net loss $34M ($0.12/share) vs loss $89M ($0.31) YoY; adjusted net income $105M ($0.37) vs $104M ($0.36).
- Segment operating income $347M (margin 7.2%, up ~70 bps YoY); fourth straight quarter of margin expansion.
- Goodyear Forward gross run-rate target increased to $1.5B (from $1.3B); 2024 benefit guidance raised to $450M.
- Portfolio optimization gross proceeds expected >$2B; reaffirmed net leverage target 2.0x-2.5x by end of 2025.
- $125M intangible asset impairment for Mastercraft/Roadmaster brands due to competition and Goodyear Forward plans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000119312524250649/0001193125-24-250649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000119312524250649/d833620d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-250649

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