Highest-materiality recent filing
Goodyear Q2 net loss $204M; segment operating income falls to $36M from $159M YoY
Net sales $4.3B, down 4.8% YoY; organic sales down 1.4% on lower volumes.
Goodyear to close Fayetteville plant, cut 1,750 jobs; expects $535M-$565M in charges
Permanent closure of Fayetteville, NC facility; ~1,750 job reductions; completion by end of 2027.
Goodyear CFO Christina Zamarro to step down; Scott Deakin named interim CFO
Christina Zamarro, EVP and CFO, steps down effective June 30, 2026, leaves July 10, 2026 to pursue another opportunity.
Goodyear prices $1.05B of 8.875% senior notes due 2032, proceeds to refinance 2027 notes
$1.05B aggregate principal of 8.875% senior unsecured notes due July 15, 2032 priced at 100% par.
Goodyear Q1 net loss $249M ($0.86/share) vs year-ago net income $115M; revenue $3.9B
Net loss $249M, diluted EPS -$0.86; adjusted net loss $112M, adjusted EPS -$0.39.
Approved EMEA rationalization plan to streamline sales/distribution; net reduction of ~400 positions.
Goodyear Q4 segment operating income $416M, up 9% YoY; adjusted EPS $0.39
Net sales $4.9B flat YoY, up 4% organically; tire unit volumes 42.3M.
Goodyear completes chemical business sale for $650M; Q3 net loss $2.2B on $4.6B revenue
Net loss $2.2B ($7.62/share) includes $1.4B deferred tax valuation allowance and $674M goodwill impairment.
Goodyear Q2 adjusted net loss $48M; segment operating income falls 52% to $159M
GAAP net income $254M ($0.87) includes $385M Dunlop gain; prior year $79M ($0.28).
Goodyear to close Kariega, South Africa plant; ~900 jobs cut, $100-110M charges
Approves closing Kariega manufacturing facility in EMEA unit; ~900 job reductions including associates and contracted positions.
Goodyear prices $500M 6.625% senior notes due 2030; to redeem $500M of 5% notes due 2026
Goodyear priced $500M aggregate principal of 6.625% Senior Notes due July 15, 2030 at 100% of par.
Goodyear pro forma Q1 2025 net loss $65M post-OTR sale; calls $400M notes
Called for redemption $400M of 5% Senior Notes due 2026 on June 30, 2025 at par plus accrued interest.
Goodyear sells Chemical business to Gemspring for $650M; expected close by late 2025
Goodyear Chemical business sale to Gemspring Capital Management for ~$650M cash.
Goodyear Q1 net income swings to $115M; completes Dunlop sale for $735M
Q1 net sales $4.3B, tire units 38.5M; net income $115M ($0.40 diluted EPS) vs net loss $57M (-$0.20) YoY.
Goodyear 2024 net income $70M vs prior-year loss $689M; adjusted EPS $1.05 ($0.21 prior)
Full-year net income $70M (24c) vs net loss $689M ($2.42 loss); adjusted net income $302M ($1.05).
Goodyear OTR sale closes; pro forma shows $905M cash, debt repayments planned
Sale closed Feb 3, 2025; Yokohama paid ~$905M cash for Goodyear's OTR tire business.
Goodyear calls $500M 9.500% Senior Notes for redemption on Feb 19, 2025
Redemption in full of $500M 9.500% Senior Notes due 2025.
Goodyear to cut 850 jobs at Danville plant; expects $130-140M pre-tax charges
Agreement with United Steelworkers for 850 job reductions at Danville, VA plant; plant to continue aviation and mixing.
Goodyear completes $905M sale of OTR tire business to Yokohama Rubber
Gross cash consideration of ~$905 million; includes sale of Nippon Giant Tire and Goodyear Earthmover subsidiaries.
Goodyear sells Dunlop brand rights to Sumitomo for $701M; close expected mid-2025
Gross cash proceeds at closing ~$701M: $526M for brand rights, $105M transition fee, ~$70M for inventory.
Goodyear posts Q3 net loss of $34M; raises Goodyear Forward run-rate target to $1.5B
Q3 net loss $34M ($0.12/share) vs loss $89M ($0.31) YoY; adjusted net income $105M ($0.37) vs $104M ($0.36).
Goodyear Q2 net income $85M vs loss $208M YoY; segment operating income up $215M
Net income $85M ($0.30 diluted EPS) vs net loss $208M ($0.73 loss) a year ago.
Goodyear to sell OTR tire business to Yokohama for $905M cash; close expected early 2025
Purchase price of $905 million in cash for Goodyear's Off-the-Road tire business, including facilities in Japan and Canada.
Goodyear lines up $500M credit facility, calls $300M of 9.5% notes for redemption
Entered commitment letter with Goldman Sachs for a $500M 364-day senior unsecured credit facility to redeem 9.500% Senior Notes due 2025.
Goodyear sells OTR tire business to Yokohama for $905M cash
Transaction includes OTR manufacturing in Tatsuno, Japan and retread facility in North Bay, Canada.
Goodyear Q1 net loss narrows to $57M; adjusted EPS $0.10 vs -$0.29
Net loss $57M ($0.20/sh) vs net loss $101M ($0.35/sh) a year ago.
Goodyear names Mark Stewart CEO effective Jan 29, 2024; Kramer to retire
Stewart joins from Stellantis, where he was COO of North America, leading $90B revenue unit.
Goodyear approves closure of two German tire plants with $575-600M pre-tax charges
Closes Fulda and Fürstenwalde facilities; ~1,750 job reductions (1,500 associates, 250 contingent).
Goodyear CEO Richard Kramer to retire in 2024; board launches succession search
Richard Kramer to retire in 2024 after 14 years as Chairman, CEO and President.
Goodyear expects $20-25M Q3 sales hit from Poland plant fire; full production not until Q4 2024
Fire on Aug 20 at Debica, Poland plant shut down tire curing area; production resumed Aug 22 at 55% capacity, now ~70%.
Goodyear approves Asia Pacific rationalization plan with ~700 job cuts, $55-65M charges
Plan changes operating model to third-party distribution/retail, impacting 700 positions, 9 warehouses, ~100 stores.
Goodyear approves EMEA restructuring: net 700 job cuts, $210-230M pre-tax charge
1,200 positions eliminated; 500 new roles in Romania shared services, net reduction of ~700.
Goodyear appoints Hinrichs, Mitchell, Wood to board; forms strategic/operational review committee
Joseph R. Hinrichs (CSX CEO), Max H. Mitchell (Crane CEO), Roger J. Wood (former Tenneco Co-CEO) join board effective July 25, 2023.
On May 12, 2025, Jason J. Winkler was elected to the Board of Directors of The Goodyear Tire & Rubber Company, effective on May 15, 2025, to a term expiring at the 2026 Annual Meeting of Shareholders.
Christopher R. Delaney, a named executive officer in the 2025 proxy statement, left his employment with The Goodyear Tire & Rubber Company (the “Company”) effective on April 14, 2025.
Ms. Christina L. Zamarro, Executive Vice President and Chief Financial Officer of the Company, will lead the EMEA business unit on an interim basis in addition to her duties as Chief Financial Officer.
Effective April 4, 2025, Christopher R. Delaney, President, Europe, Middle East and Africa (“EMEA”), is on a leave of absence from his position with The Goodyear Tire & Rubber Company (the “Company”).
On January 11, 2025, Prashanth Mahendra-Rajah, a Director of The Goodyear Tire & Rubber Company (the “Company”), notified the Company that he will resign as a Director effective on January 15, 2025.
Mr. Kramer will retire as a Director and Chairman of the Board
Ms. Laurette T. Koellner, the Board’s independent Lead Director, has been elected Chairman of the Board, all effective January 29, 2024.
who will become Senior Advisor to the CEO, also effective January 29, 2024 until his retirement on July 31, 2024.
On January 18, 2024, The Goodyear Tire & Rubber Company (the “Company”) announced that Mark Stewart will become Chief Executive Officer and President and a member of the Board of Directors of the Company (the “Board”), effective January 29, 2024.
Mr. Stewart succeeds Richard J. Kramer
On January 18, 2024, The Goodyear Tire & Rubber Company (the “Company”) announced that Mark Stewart will become Chief Executive Officer and President and a member of the Board of Directors of the Company (the “Board”), effective January 29, 2024.
On January 12, 2024, Stephen R. McClellan, President, Americas, informed The Goodyear Tire & Rubber Company (the “Company”) of his plans to retire effective April 1, 2024.
Max materiality 0.85 · Median 0.65 · Most common event other_material