secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001628280-25-048294
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Goodyear completes chemical business sale for $650M; Q3 net loss $2.2B on $4.6B revenue
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- Net loss $2.2B ($7.62/share) includes $1.4B deferred tax valuation allowance and $674M goodwill impairment.
- Adjusted net income $82M ($0.28 EPS) vs $102M ($0.36) a year ago; segment operating income $287M down from $346M.
- Goodyear Forward delivered $185M segment operating income benefit in Q3; expects ~$1.5B annualized run-rate by year-end 2025.
- Chemical business sale closed Oct 31 for $650M; cash proceeds $580M after working capital adjustments.
- Total divestiture proceeds ~$2.2B used for debt reduction; all planned asset sales now completed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000162828025048294/0001628280-25-048294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000162828025048294/gt-20251031.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-048294

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer