02:27:37 EST Tue 10 Feb 2026
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Goodyear Announces Fourth Quarter and Full-Year 2025 Financial Results

2026-02-09 16:30 ET - News Release

Goodyear Announces Fourth Quarter and Full-Year 2025 Financial Results

PR Newswire

Fourth Quarter Highlights

Net sales of $4.9 billion, flat from 2024 and up 4% organically

Goodyear net income of $105 million, or $113 million as adjusted

Segment operating income of $416 million - well ahead of expectations, up 9% from 2024, up 18% organically

Segment operating margin of 8.5%, up 80 basis points, cash flows from operating activities of $1.5 billion

Goodyear Forward delivered $192 million of benefits

AKRON, Ohio, Feb. 9, 2026 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported fourth quarter and full-year 2025 results today and the company will host an investor call tomorrow morning, Tuesday, Feb. 10, at 8:30 a.m. Eastern time led by Mark Stewart, Goodyear's chief executive officer and president, and Christina Zamarro, the company's executive vice president and chief financial officer.

"We delivered another strong quarter, driven by execution of our Goodyear Forward plan," said Mark Stewart, chief executive officer and president. "Our fourth quarter results mark the highest segment operating income and margin the company has achieved in more than seven years. While we continue to face challenging industry conditions in the first quarter, we are operating with greater focus and discipline on the elements within our control - much as we did throughout 2025 - to navigate the current environment."

Financial Results

Goodyear's fourth quarter 2025 net sales were $4.9 billion, with tire unit volumes totaling 42.3 million. After adjusting for the impact of the sales of its Off-the-Road (OTR) tire and Chemical businesses of $227 million, organic net sales increased 4%. Fourth quarter 2025 Goodyear net income was $105 million, or $0.36 per share, compared to Goodyear net income one year ago of $73 million, or $0.25 per share. The fourth quarter of 2025 included several significant items, including, on a pre-tax basis, gains on asset sales of $116 million, and an insurance recovery of $56 million, offset by pension settlement charges of $129 million, rationalization charges, asset write-offs, and accelerated depreciation and leases of $50 million and discrete tax items of $6 million.

Fourth quarter 2025 adjusted net income was $113 million, compared to adjusted net income of $111 million in the prior year's quarter. Adjusted earnings per share was $0.39, which includes several items, notably an adjustment for an insurance recovery of $56 million, or $0.19 per share, in the fourth quarter, compared to $0.38 in the prior year's quarter. Per share amounts are diluted.

Segment Results

The company reported total segment operating income of $416 million in the fourth quarter of 2025, compared to $382 million from a year ago. After adjusting for the impact of the sales of its Off-the-Road (OTR) tire and Chemical businesses of $30 million, organic segment operating income increased $64 million, or 18%. The increase in segment operating income reflects benefits from Goodyear Forward of $192 million and favorable price/mix versus raw material costs of $197 million, offset by inflation, tariffs, and other costs of $227 million, and the impact of lower volume of $92 million.

Goodyear Forward

Goodyear Forward delivered $192 million of benefits in the fourth quarter of 2025. Since inception, the program has generated $1.25 billion of cumulative segment operating income benefits, exceeding its original commitment by approximately $150 million. At the end of 2025, the company had reached a $1.5 billion run-rate over the two-year program.

Additionally, in 2025, Goodyear generated $2.3 billion of proceeds from divestitures and other asset sales, including the sales of its Chemical and OTR businesses and the Dunlop brand, which were primarily used to reduce debt. This exceeded the Company's asset sale proceeds target by approximately $300 million.

Full-Year Results

Goodyear's 2025 net sales were $18.3 billion, with tire unit volumes totaling 158.7 million. Goodyear net loss was $1.7 billion, or ($5.99) per share, compared to Goodyear net income of $46 million, or $0.16 per share, a year ago. Full-year 2025 included several significant items, including, on a pre-tax basis, gains on asset sales of $816 million and an insurance recovery of $56 million, offset by a non-cash deferred tax asset valuation allowance of $1.5 billion, a non-cash goodwill impairment charge of $674 million, rationalization charges, asset write-offs, and accelerated depreciation and leases of $354 million, pension settlement charges of $201 million, and Goodyear Forward costs of $15 million.

Full-year 2025 adjusted net income was $136 million, compared to adjusted net income of $278 million in the prior year. Adjusted earnings per share was $0.47, compared to $0.97 in the prior year.

The company reported total segment operating income of $1.1 billion in 2025, compared to $1.3 billion in the prior year. After adjusting for the impact of the sales of its OTR tire and Chemical businesses of $75 million, segment operating income declined $170 million, reflecting lower volumes amid continued headwinds in the commercial industry, as well as tariff-related market dynamics. Segment operating income reflects benefits from Goodyear Forward of $772 million and net price/mix versus raw material costs of $22 million, offset by inflation, tariffs, and other costs of $543 million, lower volume of $285 million, and non-recurrence of insurance recoveries, net of expenses, of $62 million.

Additional earnings materials can be found on Goodyear's investor relations website at http://investor.goodyear.com.

Reconciliation of Non-GAAP Financial Measures

See "Non-GAAP Financial Measures" and "Financial Tables" for further explanation and reconciliation tables for historical Total Segment Operating Income and Margin; Adjusted Net Income (Loss); and Adjusted Diluted Earnings per Share, reflecting the impact of certain significant items on the 2025 and 2024 periods. Organic earnings measures exclude the impact of divestitures; see "Non-GAAP Financial Measures" for additional details.

Business Segment Results

AMERICAS

                                        Fourth Quarter          Year Ended



 
          (In millions)   2025   2024         2025      2024





 Tire Units                 21.1   22.0         78.2      81.6



 Net Sales                $2,867 $2,890      $10,768   $11,033



 Segment Operating Income   $233   $262         $735      $933



 Segment Operating Margin  8.1 % 9.1 %       6.8 %    8.5 %

Americas' fourth quarter 2025 net sales of $2.9 billion were 0.8% lower than the previous year, driven by a decline in volume, partially offset by price/mix benefits. Tire unit volume decreased 3.9%. Replacement tire unit volume decreased 3.7%, primarily due to reduced sales as a result of high channel inventories of imported products in the U.S. Consumer original equipment tire unit volume decreased 2.6%, driven by lower OEM production. Similar to prior quarters, the Commercial business experienced a sharp contraction in industry demand.

Segment operating income of $233 million decreased $29 million from last year. The decrease was driven by the non-recurrence of 2024 net insurance recoveries of $52 million and the impact of the sale of the Chemical business of $7 million.

EMEA

                                           Fourth Quarter       Year Ended



 
            (In millions)   2025   2024     2025        2024





 Tire Units                   12.3   12.6     47.9        48.9



 Net Sales                  $1,522 $1,451   $5,550      $5,425



 Segment Operating Income     $114    $38     $114         $92



 Segment Operating Margin    7.5 % 2.6 %   2.1 %      2.3 %

EMEA's fourth quarter 2025 net sales of $1.5 billion increased 4.9% from fourth quarter 2024, driven by benefits in price/mix and currency, partly offset by lower tire volume. Tire unit volume decreased 2.3%. Replacement unit volume decreased 8.2%, driven by industry weakness. Original equipment tire unit volume increased 14.3%, reflecting significant consumer market share gains.

Fourth quarter segment operating income of $114 million increased $76 million from the previous year. EMEA's results include an insurance recovery of $56 million, which is excluded from total company adjusted net income and adjusted earnings per share.

ASIA PACIFIC

                                              Fourth Quarter     Year Ended



 
            (In millions)   2025    2024     2025        2024





 Tire Units                    8.9     9.0     32.6        36.1



 Net Sales                    $528    $606   $1,962      $2,420



 Segment Operating Income      $69     $82     $208        $277



 Segment Operating Margin   13.1 % 13.5 %  10.6 %     11.4 %

Asia Pacific's fourth quarter 2025 net sales of $528 million were 12.9% lower than the previous year, driven by the sale of the OTR tire business. Tire unit volume decreased 1.6%, driven by lower consumer OE sales in China.

Fourth quarter 2025 segment operating income of $69 million was $13 million lower than the prior year, which was driven by the sale of the OTR tire business. Excluding the impacts related to the sale of the OTR tire business of $29 million, Asia Pacific segment operating income increased 30% and segment operating margin grew 330 basis points.

Conference Call

The company will host an investor call on Tuesday, Feb. 10, 2026, at 8:30 a.m. Eastern time. Please visit Goodyear's investor relations website: http://investor.goodyear.com, for additional earnings materials.

Participating in the conference call will be Mark Stewart, chief executive officer and president, and Christina Zamarro, executive vice president and chief financial officer.

The investor call can be accessed on the website or via telephone by calling either (800) 343-4849 or (203) 518-9848 before 8:25 a.m. Eastern time and providing the conference ID "Goodyear." A replay will be available by calling (800) 925-9899 or (402) 220-5392. The replay will also be available on Goodyear's investor relations website.

About Goodyear

Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

Forward-Looking Statements

Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; changes in tariffs, trade agreements or trade restrictions; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

Revision of Previously Issued Financial Statements

This news release reflects revised prior period financial information to correct an accounting error related to the historic computation of currency remeasurement for our foreign operations in Turkey. We evaluated the errors and determined that the related impacts were not material in any previously issued annual or interim financial statements. See Notes 1 and 16 of the Notes to Consolidated Financial Statements included in our Form 10-Q for the quarterly period ended June 30, 2025, filed on August 8, 2025, for revised financial information reflecting the corrections to prior periods.

Non-GAAP Financial Measures (unaudited)

This news release presents non-GAAP financial measures, including Total Segment Operating Income and Margin, Adjusted Net Income (Loss), Adjusted Diluted Earnings Per Share (EPS), and organic earnings measures, which are important financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be construed as alternatives to corresponding financial measures presented in accordance with U.S. GAAP.

Total Segment Operating Income is the sum of the individual strategic business units' (SBUs') Segment Operating Income as determined in accordance with U.S. GAAP. Total Segment Operating Margin is Total Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management believes that Total Segment Operating Income and Margin are useful because they represent the aggregate value of income created by the company's SBUs and exclude items not directly related to the SBUs for performance evaluation purposes. The most directly comparable U.S. GAAP financial measures to Total Segment Operating Income and Margin are Goodyear Net Income (Loss) and Return on Net Sales (which is calculated by dividing Goodyear Net Income (Loss) by Net Sales).

Adjusted Net Income (Loss) is Goodyear Net Income (Loss) as determined in accordance with U.S. GAAP adjusted for certain significant items. Adjusted Diluted Earnings Per Share (EPS) is the company's Adjusted Net Income (Loss) divided by Weighted Average Shares Outstanding-Diluted as determined in accordance with U.S. GAAP. Management believes that Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share (EPS) are useful because they represent how management reviews the operating results of the company excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, discrete tax items, impairments, asset sales and certain other significant items.

Organic earnings measures, including organic Net Sales growth, organic Segment Operating Income and organic Segment Operating Income growth, are non-GAAP financial measures that exclude the direct impacts of the divestitures of our OTR and Chemical businesses from year-over-year comparisons. We believe these measures provide investors with a supplemental understanding of underlying earnings trends by providing comparisons on a constant basis. We completed the sale of our OTR and Chemical businesses in February 2025 and October 2025, respectively.

It should be noted that other companies may calculate similarly-titled non-GAAP financial measures differently and, as a result, the measures presented herein may not be comparable to such similarly-titled measures reported by other companies. See the following tables for reconciliations of historical Total Segment Operating Income and Margin, Adjusted Net Income (Loss), and Adjusted Diluted Earnings Per Share to the most directly comparable U.S. GAAP financial measures.


 
            The Goodyear Tire & Rubber Company and Subsidiaries





 
            Financial Tables (Unaudited)


 
            Table 1: Consolidated Statements of Operations




                                                                                Three Months Ended               Year Ended


                                                                                December 31,               December 31,



 
            (In millions, except per share amounts)               2025   2024             2025     2024



 Net Sales                                                        $4,917 $4,947          $18,280  $18,878



 Cost of Goods Sold                                                3,890  3,961           14,909   15,192



 Selling, Administrative and General Expense                         701    692            2,719    2,782



 Goodwill and Intangible Asset Impairment                              -                   674      125



 Rationalizations                                                     33     34              194       86



 Interest Expense                                                    104    131              445      522



 Other Expense                                                       141     39              288      134



 Net (Gain) Loss on Asset Sales                                    (116)     2            (816)    (93)



 Income (Loss) before Income Taxes                                   164     88            (133)     130



 United States and Foreign Tax Expense                                66     20            1,567       95



 Net Income (Loss)                                                    98     68          (1,700)      35



 Less: Minority Shareholders' Net Income (Loss)                      (7)   (5)              21     (11)



 
            Goodyear Net Income (Loss)                            $105    $73         $(1,721)     $46



 Goodyear Net Income (Loss) - Per Share of Common Stock



 
            Basic                                                $0.36  $0.25          $(5.99)   $0.16



 Weighted Average Shares Outstanding                                 288    287              288      287



 
            Diluted                                              $0.36  $0.25          $(5.99)   $0.16



 Weighted Average Shares Outstanding                                 290    288              288      288


 
            Table 2: Consolidated Balance Sheets




                                                                                                 December 31, December 31,



 
            (In millions, except share data)                                                          2025          2024



 
            Assets:



 
            Current Assets:



      Cash and Cash Equivalents                                                                         $801          $810



 Accounts Receivable, less Allowance - $89 ($84 in 2024)                                               2,341         2,482



      Inventories:



           Raw Materials                                                                                 616           728



           Work in Process                                                                               195           207



           Finished Products                                                                           2,761         2,619


                                                                                                        3,572         3,554



      Assets Held for Sale                                                                                58           466



      Prepaid Expenses and Other Current Assets                                                          446           277



 
                      Total Current Assets                                                           7,218         7,589



 Goodwill                                                                                                 42           756



 Intangible Assets                                                                                       663           805



 Deferred Income Taxes                                                                                   348         1,686



 Other Assets                                                                                          1,096         1,052



 Operating Lease Right-of-Use Assets                                                                     998           951



 Property, Plant and Equipment, less Accumulated Depreciation - $12,390 ($12,212 in 2024)              7,843         8,082



 
                      Total Assets                                                                 $18,208       $20,921





 
            Liabilities:



 
            Current Liabilities:



      Accounts Payable - Trade                                                                        $3,879        $4,092



      Compensation and Benefits                                                                          578           606



      Other Current Liabilities                                                                        1,259         1,089



      Notes Payable and Overdrafts                                                                       506           558



      Operating Lease Liabilities due Within One Year                                                    196           200



      Long Term Debt and Finance Leases due Within One Year                                              364           832



 
                      Total Current Liabilities                                                      6,782         7,377



      Operating Lease Liabilities                                                                        862           804



      Long Term Debt and Finance Leases                                                                5,328         6,392



      Compensation and Benefits                                                                          787           789



      Deferred Income Taxes                                                                              105           108



      Other Long-Term Liabilities                                                                        941           628



 
                      Total Liabilities                                                             14,805        16,098



 Commitments and Contingent Liabilities



 
            Shareholders' Equity:



 
            Goodyear Shareholders' Equity:



      Common Stock, no par value:



 Authorized, 450 million shares, Outstanding shares - 286 million in 2025 (285 million in 2024)          286           285



      Capital Surplus                                                                                  3,175         3,159



      Retained Earnings                                                                                3,360         5,081



      Accumulated Other Comprehensive Loss                                                           (3,588)      (3,844)



 
                      Goodyear Shareholders' Equity                                                  3,233         4,681



 Minority Shareholders' Equity - Nonredeemable                                                           170           142



 
                      Total Shareholders' Equity                                                     3,403         4,823



 
                      Total Liabilities and Shareholders' Equity                                   $18,208       $20,921


 
            Table 3: Consolidated Statements of Cash Flows




                                                                                                                       Year Ended


                                                                                                                      December 31,



 
            (In millions)                                                                                     2025           2024



 
            Cash Flows from Operating Activities:



 
            Net Income (Loss)                                                                             $(1,700)           $35



      Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:



           Depreciation and Amortization                                                                       1,045          1,049



           Amortization and Write-Off of Debt Issuance Costs                                                      19             14



           Goodwill and Intangible Asset Impairment                                                              674            125



           Provision for Deferred Income Taxes                                                                 1,357           (65)



           Net Pension Curtailments and Settlements                                                              201            (3)



           Net Rationalization Charges                                                                           194             86



           Rationalization Payments                                                                            (431)         (198)



           Net (Gain) Loss on Asset Sales                                                                      (816)          (93)



           Loss (Gain) on Insurance Recoveries for Damaged Property, Plant and Equipment                           -          (75)



           Operating Lease Expense                                                                               318            326



           Operating Lease Payments                                                                            (287)         (277)



           Pension Contributions and Direct Payments                                                            (83)          (69)



 
                 Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:



           Accounts Receivable                                                                                   215            127



           Inventories                                                                                            12          (106)



           Accounts Payable - Trade                                                                            (248)          (78)



           Compensation and Benefits                                                                              28             24



           Other Current Liabilities                                                                             247          (151)



           Other Assets and Liabilities                                                                           51             27



 
                 Total Cash Flows from Operating Activities                                                    796            698



 
            Cash Flows from Investing Activities:



           Capital Expenditures                                                                                (826)       (1,188)



           Insurance Recoveries for Damaged Property, Plant and Equipment                                          -            62



           Cash Proceeds from Sale and Leaseback Transactions                                                      -            16



           Asset Dispositions                                                                                  1,802            115



           Short Term Securities Redeemed                                                                          -             2



           Long Term Securities Redeemed                                                                           4              4



           Notes Receivable                                                                                       14           (23)



           Other Transactions                                                                                      3              7



 
                 Total Cash Flows from Investing Activities                                                    997        (1,005)



 
            Cash Flows from Financing Activities:



           Short Term Debt and Overdrafts Incurred                                                               966          1,326



           Short Term Debt and Overdrafts Paid                                                               (1,033)       (1,095)



           Long Term Debt Incurred                                                                            16,071         14,420



           Long Term Debt Paid                                                                              (17,763)      (14,387)



           Common Stock Issued                                                                                   (6)           (3)



           Transactions with Minority Interests in Subsidiaries                                                  (4)           (8)



           Debt Related Costs and Other Transactions                                                             (1)          (28)



 
                 Total Cash Flows from Financing Activities                                                (1,770)           225



 Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash                                    23           (39)



 
                 Net Change in Cash, Cash Equivalents and Restricted Cash                                       46          (121)



 Cash, Cash Equivalents and Restricted Cash at Beginning of the Period                                           864            985



 
                 Cash, Cash Equivalents and Restricted Cash at End of the Period                              $910           $864


 
            Table 4: Reconciliation of Segment Operating Income & Margin




                                                                                                   Three Months Ended                   Year Ended


                                                                                                   December 31,                   December 31,



 
            (In millions)                                                               2025   2024              2025     2024



 
            Total Segment Operating Income                                              $416   $382            $1,057   $1,302



      Less:



           Goodwill and Intangible Asset Impairment                                          -                    674      125



           Rationalizations                                                                 33     34               194       86



           Interest Expense                                                                104    131               445      522



           Other Expense                                                                   141     39               288      134



           Net (Gain) Loss on Asset Sales                                                (116)     2             (816)    (93)



           Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net     18     27               160      146



           Corporate Incentive Compensation Plans                                           25     12                69       62



           Retained Expenses of Divested Operations                                          5      4                13       15



           Other                                                                            42     45               163      175



 
            Income (Loss) before Income Taxes                                           $164    $88            $(133)    $130



 United States and Foreign Tax Expense                                                      66     20             1,567       95



 Less: Minority Shareholders' Net Income (Loss)                                            (7)   (5)               21     (11)



 
            Goodyear Net Income (Loss)                                                  $105    $73          $(1,721)     $46





 Net Sales                                                                              $4,917 $4,947           $18,280  $18,878





 Return on Net Sales                                                                     2.1 % 1.5 %          (9.4) %   0.2 %



 Total Segment Operating Margin                                                          8.5 % 7.7 %            5.8 %   6.9 %


        
            Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share





        
            Fourth Quarter 2025




                      (In millions, except per share                                       As                            Pension             Rationalizations,                   Indirect Tax                   Goodyear                  Debica
                                                                                                                                                                                                                                           Fire                    Asset and     As Adjusted
amounts)                                                                     Reported                         Settlement            Asset Write-                   Settlements and                     Forward                 Insurance               Other Sales
                                                                                                              Charges                offs,                          Discrete Tax
                                                                                                                                                                         Items                        and Other                Recoveries
                                                                                                                                  Accelerated                                                      Transaction
                                                                                                                                  Depreciation                                                        Costs
                                                                                                                                   and Leases



        Net Sales                                                                     $4,917              
          $         -   
          $              -  
   $                       -   
         $            -    
         $        -    
        $             -          $4,917



        Cost of Goods Sold                                                             3,890                                                              (12)                                                                                56                                        3,934



        Gross Margin                                                                   1,027                                                                12                                                                               (56)                                         983





        SAG                                                                              701                                                               (5)                                                       (6)                                                                 690



        Rationalizations                                                                  33                                                              (33)



        Interest Expense                                                                 104                                                                                                                                                                                             104



        Other (Income) Expense                                                           141                               (129)                                                                                       8                                                                   20



        Net (Gain) Loss on Asset Sales                                                 (116)                                                                                                                                                                            116



        Pre-tax Income (Loss)                                                            164                                 129                             50                                                        (2)                    (56)                       (116)             169



        Taxes                                                                             66                                                                                              (6)                        (1)                                                   2               61



        Minority Interest                                                                (7)                                                                                               2                                                                                             (5)



        Goodyear Net Income (Loss)                                                      $105                                $129                            $50                              $4                        $(1)                   $(56)                      $(118)            $113





        EPS                                                                            $0.36                               $0.44                          $0.19                           $0.01                     $(0.01)                 $(0.19)                     $(0.41)           $0.39


        
            Fourth Quarter 2024




                      (In millions, except per share              As              Rationalizations,             Goodyear            Asset and                  Pension                   Indirect Tax                   Americas                  As
amounts)                                             Reported            Asset Write-
                                                                             offs,                      Forward              Other                  Settlement               Settlements                        Storm                 Adjusted
                                                                       Accelerated                     Costs               Sales                    Charges                and Discrete                    Insurance
                                                                       Depreciation                                                                (Credits)                 Tax Items                     Recoveries
                                                                        and Leases



        Net Sales                                            $4,947 
        $                    - 
     $            -  
       $         -   
         $          -     
          $             -     
          $         -              $4,947



        Cost of Goods Sold                                    3,961                            (21)                                                                                                                           52                3,992




        Gross Margin                                            986                              21                                                                                                                          (52)                 955





        SAG                                                     692                             (7)                 (25)                                                                                                                         660



        Rationalizations                                         34                            (34)



        Interest Expense                                        131                                                                                                                                                                              131



        Other (Income) Expense                                   39                                                  (6)                                           (2)                                                                            31



        Net (Gain) Loss on Asset Sales                            2                                                                       (2)




        Pre-tax Income (Loss)                                    88                              62                    31                     2                         2                                                       (52)                 133



        Taxes                                                    20                               2                     7                                                                             8                        (12)                  25



        Minority Interest                                       (5)                              2                                                                                                                                               (3)




        Goodyear Net Income (Loss)                              $73                             $58                   $24                    $2                        $2                            $(8)                      $(40)                $111





        EPS                                                   $0.25                           $0.20                 $0.08                 $0.01                     $0.01                         $(0.03)                    $(0.14)               $0.38



        
            Full Year 2025




                      (In millions, except per share               As                Indirect Tax               Goodwill                  Rationalizations,                Pension                 Goodyear                  Debica
                                                                                                                                                                                                                              Fire                  Asset and                   As
amounts)                                             Reported            Settlements                 Impairment               Asset Write-offs,                 Settlement                Forward                 Insurance                 Other                  Adjusted
                                                                       and Discrete                                            Accelerated                      Charges                Costs and                Recoveries                Sales
                                                                         Tax Items                                          Depreciation and                                             Other
                                                                                                                                  Leases                                              Transaction
                                                                                                                                                                                         Costs



        Net Sales                                            $18,280 
          $               - 
        $           - 
       $                        -  
         $         -   
          $         -        
       $      -     
        $          -              $18,280



        Cost of Goods Sold                                    14,909                                                                                  (148)                                                                      56                                          14,817



        Gross Margin                                           3,371                                                                                    148                                                                     (56)                                          3,463





        SAG                                                    2,719                                                                                   (12)                                            (15)                                                                  2,692



        Goodwill Impairment                                      674                                               (674)



        Rationalizations                                         194                                                                                  (194)



        Interest Expense                                         445                                                                                                                                                                                                           445



        Other (Income) Expense                                   288                                                                                                         (201)                                                                                              87



        Net (Gain) Loss on Asset Sales                         (816)                                                                                                                                                                                     816



        Pre-tax Income (Loss)                                  (133)                                                674                                 354                     201                        15                     (56)                     (816)                  239



        Taxes                                                  1,567                      (1,453)                                                        32                       1                                                                        (44)                  103



        Minority Interest                                         21                            3                                                          1                                                                                               (25)



        Goodyear Net Income (Loss)                          $(1,721)                      $1,450                    $674                                $321                    $200                       $15                    $(56)                    $(747)                 $136





        EPS                                                  $(5.99)                       $5.03                   $2.33                               $1.13                   $0.69                     $0.05                  $(0.19)                   $(2.58)                $0.47


        
            Full Year 2024




                      (In millions, except per share               As               Rationalizations,               Intangible              Goodyear               South                   Pension                      Indirect Tax                     Debica Fire                    Asset and                   Americas                   As
amounts)                                             Reported           Asset Write-offs,                    Asset                  Forward                 Africa              Settlement                  Settlements                       Impact and                    Other Sales                     Storm                 Adjusted
                                                                         Accelerated                     Impairment                Costs                  Flood                 Charges                   and Discrete                       Insurance                                                 Insurance
                                                                         Depreciation                                                                     Impact               (Credits)                    Tax Items                       Recoveries                                                 Recoveries
                                                                          and Leases



        Net Sales                                            $18,878 
   $                          - 
     $                -  
       $          -   
      $        -    
     $              -     
         $                 -     
       $                 -     
     $                -       
        $         -              $18,878



        Cost of Goods Sold                                    15,192                            (116)                                                                (3)                                                           8                               26                                                       92                15,199



        Gross Margin                                           3,686                              116                                                                   3                                                          (8)                            (26)                                                    (92)                3,679





        SAG                                                    2,782                             (30)                                          (105)                                                                                                                                                                                        2,647



        Intangible Asset Impairment                              125                                                     (125)



        Rationalizations                                          86                             (86)



        Interest Expense                                         522                                                                                                                                                                                                                                                                          522



        Other (Income) Expense                                   134                                                                            (19)                                             3                                  2                                                           (8)                                             112



        Net (Gain) Loss on Asset Sales                          (93)                                                                                                                                                                                                                          93



        Pre-tax Income (Loss)                                    130                              232                       125                    124                    3                        (3)                              (10)                            (26)                         (85)                       (92)                  398



        Taxes                                                     95                               18                        31                     30                                            (1)                               (1)                             (6)                         (25)                       (23)                  118



        Minority Interest                                       (11)                              16                                                                                                                                                             (3)                                                                            2



        Goodyear Net Income (Loss)                               $46                             $198                       $94                    $94                   $3                       $(2)                              $(9)                           $(17)                        $(60)                      $(69)                 $278





        EPS                                                    $0.16                            $0.69                     $0.33                  $0.33                $0.01                    $(0.01)                           $(0.03)                         $(0.06)                      $(0.21)                    $(0.24)                $0.97


          
            MEDIA CONTACT:                        ANALYST CONTACT:
DOUG GRASSIAN                          RYAN REED
330.796.3855                           330.796.0368
DOUG_GRASSIAN@GOODYEAR.COM             RYAN_REED@GOODYEAR.COM

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SOURCE The Goodyear Tire & Rubber Company

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