Goodyear Q2 net loss $204M; segment operating income falls to $36M from $159M YoY

GOODYEAR TIRE & RUBBER CO /OH/

Net sales $4.3B, down 4.8% YoY; organic sales down 1.4% on lower volumes.
Tire unit volume 36.5M, down 4% YoY; OE volumes and market share grew in all regions.
Segment operating income $36M vs $159M YoY; lower volume (-$132M) and tariffs (-$100M) were key drags.
Goodyear Forward delivered $95M in Q2; manufacturing optimization expected ~$270M annual savings by 2028.
Adjusted loss per share $0.61 vs adjusted loss $0.17 in prior year quarter.

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