Business
Goodyear Announces Q1 2025 Results; Completes Sale of Dunlop Brand
The Goodyear Tire & Rubber Company (NASDAQ: GT) reported first quarter 2025 results today and the company will host an investor call tomorrow morning 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. The management team will share insights on first quarter performance and progress on the Goodyear Forward transformation plan.
About this update from The Goodyear Tire & Rubber Company
[{"type":"text","content":"Goodyear Forward drives benefits of $200 million; targets reaffirmed","length":68,"tagName":"p"},{"type":"text","content":"AKRON, Ohio, May 7, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) reported first quarter 2025 results today and the company will host an investor call tomorrow morning 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. The management team will share insights on first quarter performance and progress on the Goodyear Forward transformation plan.","length":517,"tagName":"p"},{"type":"image","alt":"The Goodyear Tire & Rubber Company, Akron, Ohio, USA. (PRNewsFoto/Goodyear Tire & Rubber Company)","displaySize":"","headline":null,"caption":"The Goodyear Tire & Rubber Company, Akron, Ohio, USA. (PRNewsFoto/Goodyear Tire & Rubber Company)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":73,"url":"https://media.zenfs.com/en/prnewswire.com/5ef6c9f32401bcf7f980954cc9da3636"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/exoMS5hZywcH_YzQHczOFg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/5ef6c9f32401bcf7f980954cc9da3636","width":400,"height":73}},"href":"https://mma.prnewswire.com/media/95226/goodyear_tire_and_rubber_company_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Our team kicked off the year by delivering the strongest quarter to date in benefits from Goodyear Forward and advanced our goal of building a high-performance culture that is designed to win," said Chief Executive Officer and President Mark Stewart. "With the sale of the Dunlop brand, we are further optimizing our portfolio while strengthening our balance sheet – a critical component of our transformation plan. We remain committed to our targets, including segment operating margin of 10 percent and leverage of 2.0x-2.5x in the fourth quarter of this year."","length":584,"tagName":"p"},{"type":"text","content":"Goodyear's first quarter 2025 net sales were $4.3 billion, with tire unit volumes totaling 38.5 million. Goodyear net income was $115 million (40 cents per share) compared to a Goodyear net loss of $57 million (20 cents per share...