The Goodyear Tire & Rubber Company · NASDAQ:GT
The Goodyear Tire & Rubber — Q2 2026 Earnings Presentation
32 slides from The Goodyear Tire & Rubber's earnings presentation, Aug 6, 2026
Slide 1: Earnings Presentation Q2 2026
EARNINGS PRESENTATION Q2 2026 August 6, 2026
Slide 2: Q2 2026 Highlights
Q2 2026 HIGHLIGHTS Second quarter RESULTS IN LINE WITH EXPECTATIONS, reflecting improved market conditions compared to the first quarter Market dynamics continue to validate actions to REPOSITION THE BUSINESS AND IMPROVE LONG-TERM COMPETITIVENESS STRENGTHENING OUR PRODUCT PORTFOLIO through innovatio
Slide 3: Q2 2026 Key Metrics
Q2 2026 KEY METRICS TIRE UNITS NET SALES SEGMENT OPERATING INCOME 36.5 $4,250 $36 -4.0% YoY - 4.8% YoY - $123 YoY - $79 YoY Excluding Chemical & Dunlop brand sales 1(a) SOI MARGIN FREE CASH FLOW ADJUSTED EPS 0.8% ($69) ($0.61) - 2.8 pts YoY +$318 YoY -$0.44 YoY - 1.9 pts YoY Excluding Chemical & Dun
Slide 4: Q2 2026 SBU Metrics
Q2 2026 SBU METRICS SEGMENT OPERATING NET SALES SOI MARGIN INCOME (LOSS) AMERICAS $2,382 ($10) (0.4%) - 10.5% YoY - $151 YoY - 5.7pts YoY $1,372 ($17) (1.2%) EMEA + 2.1% YoY + $8 YoY + 0.7pts YoY $496 $63 12.7% APAC + 8.1% YoY + $20 YoY + 3.3pts YoY TERMS: $ IN MILLIONS P.4 Highlights Financial Resu
Slide 5: Financial Results
FINANCIAL RESULTS
Slide 6: Income Statement
INCOME STATEMENT THREE MONTHS ENDED Three Months Ended June 30, 2026 2025 Change Tire Units 36.5 37.9 -4.0% Net Sales $ 4,250 $ 4,465 -4.8% Gross Margin 16.0% 17.0% -1 pt SAG 703 692 +1.6% SAG % to Sales 16.5% 15.5% +1 pt Segment Operating Income $ 36 $ 159 -$123 Segment Operating Margin 0.8% 3.6% -
Slide 7: Segment Operating Results
SEGMENT OPERATING RESULTS SECOND QUARTER 2026 VERSUS 2025 $95 ($53) $159 ($44) ($68) 1(d) Calculated Inflation $115 ($34) (CPI) 1(a) $91 Asset Sales 1(c) Goodyear Q2 2025 ($98) Forward ($32) SOI Volume Other Q2 2025 Costs SOI Excl. ($12) Asset Sales Tariffs $36 1(e) Foreign $32 Currency Q2 2026 Raw
Slide 8: Balance Sheet & Cash Flow
BALANCE SHEET & CASH FLOW CASH FLOW FROM TOTAL DEBT OPERATING ACTIVITIES (GAAP) $7,190 $7,836 $98 ($180) As of As of Three Months Ended Three Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 - $646 YoY + $278 YoY FREE CASH FLOW NET DEBT (NON-GAAP) $6,329 $7,051 ($69) ($387) As of
Slide 9: SBU Results
SBU RESULTS
Slide 10: Americas
AMERICAS Q2 2026 SBU RESULTS Tire Units Net Sales Segment Operating Income (Loss) Margin 17.4 $2,382 ($10) (0.4%) - 8.7% YoY - 10.5% YoY - $151 YoY - 5.7 pts YoY - $118 YoY - 4.6pts YoY Excluding Chemical asset sale 1(a) Goodyear Volumes U.S. Industry Backdrop Commentary (YoY) (sell-in) Consumer rep
Slide 11: EMEA
EMEA Q2 2026 SBU RESULTS Tire Units Net Sales Segment Operating Income (Loss) Margin 11.2 $1,372 ($17) (1.2%) - 2.1% YoY + 2.1% YoY + $8 YoY + 0.7 pts YoY + $20 YoY + 1.6pts YoY Excluding Dunlop brand sale 1(a) Goodyear Volumes Industry Backdrop Commentary (YoY) (sell-in) Rationalization of lower-ti
Slide 12: Asia Pacific
ASIA PACIFIC Q2 2026 SBU RESULTS Tire Units Net Sales Segment Operating Income Margin 7.9 $496 $63 12.7% + 5.3% YoY + 8.1% YoY + $20 YoY + 3.3 pts YoY Goodyear Volumes Industry Backdrop Commentary (YoY) (sell-in) Replacement Total Replacement Consumer replacement growth in premium Consumer +3% ≥18”
Slide 13: Outlook
OUTLOOK
Slide 14: 2026 SOI Assumptions
2026 SOI ASSUMPTIONS 2(a) Q3 global unit volumes flat YoY improving from 1H with new assortment wins, VOLUME stabilizing market trends and normalization of channel inventory Q3 unabsorbed overhead ~$70 million headwind given Q2 volume PRICE/MIX Q3 ~$110 million benefit RAW MATERIALS 2(b) Q3 ~$20 mil
Slide 15: Other Financial Assumptions
OTHER FINANCIAL ASSUMPTIONS 2(a) FULL YEAR 2026 CORPORATE OTHER NORMAL ~$150 million OPERATING INTEREST EXPENSE ~$425 million Interest income: ~$30 million OTHER (INCOME)/EXPENSE Financing fees: ~$60 million Global pension related: ~$100 million 2(c) RATIONALIZATION PAYMENTS ~$265 million CASH TAXES
Slide 16: Important Disclosures
IMPORTANT DISCLOSURES
Slide 17: Important Disclosures: Forward-Looking Statements
IMPORTANT DISCLOSURES FORWARD-LOOKING STATEMENTS Certain information contained in this presentation 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
Slide 18: Important Disclosures (Cont): Non-GAAP Measures
IMPORTANT DISCLOSURES (CONT) USE OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) This presentation presents non-GAAP financial measures, including Total Segment Operating Income and Margin, Free Cash Flow, Adjusted Net Income (Loss), Adjusted Diluted Earnings Per Share (EPS) and organic earnings measures
Slide 19: Appendix
APPENDIX
Slide 20: Six Months 2026 Key Metrics
SIX MONTHS 2026 KEY METRICS TIRE UNITS NET SALES SEGMENT OPERATING INCOME 70.5 $8,131 $131 -7.8% YoY - 6.7% YoY - $223 YoY - $142 YoY Excluding Chemical & Dunlop brand sales 1(a) SOI MARGIN FREE CASH FLOW ADJUSTED EPS 1.6% ($962) ($1.00) - 2.5 pts YoY +$222 YoY -$0.79 YoY - 1.7 pts YoY Excluding Che
Slide 21: Segment Operating Results: Six Months
SEGMENT OPERATING RESULTS SIX MONTHS 2026 VERSUS 2025 $202 ($103) $354 ($81) ($123) 1(d) $273 ($121) Calculated 1(a) Inflation Asset Sales (CPI) $179 1(c) Goodyear ($44) 1H 2025 1H 2025 ($170) Forward Other Costs SOI ($9) SOI Excl. Volume $131 Asset Tariffs 1(e) Foreign Sales Currency & Other 1H 202
Slide 22: Significant Maturities
SIGNIFICANT MATURITIES AS OF JUNE 30, 2026 $98 (3c) (3b) $2,239 (3a) $707 $819 $811 $850 $657 $2,894 2026 2027 2028 2029 2030 ≥ 2031 Undrawn Credit Lines Funded Debt TERMS: $ IN MILLIONS P.22 Highlights Financial Results SBU Results Outlook Important Disclosures Appendix
Slide 23: Segment Operating Income Reconciliation
SEGMENT OPERATING INCOME RECONCILIATION Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Total Segment Operating Income $ 36 $ 159 $ 131 $ 354 Less: Rationalizations 29 59 133 140 Interest Expense 105 112 200 227 Other (Income) Expense 22 31 31 56 Net (Gain) Loss on Asset Sa
Slide 24: Reconciliation of Total Debt and Net Debt
RECONCILIATION OF TOTAL DEBT AND NET DEBT June 30, March 31, December 31, June 30, 2026 2026 2025 2025 Accounts Receivable 2,728 2,602 2,341 3,016 Inventories 3,916 3,863 3,572 4,028 Accounts Payable — Trade (3,878) (3,754) (3,879) (4,010) 4(a) Working Capital $ 2,766 $ 2,711 $ 2,034 $ 3,034 Notes P
Slide 25: Reconciliation of Free Cash Flow
RECONCILIATION OF FREE CASH FLOW Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net Income $ (207) $ 281 $ (453) $ 399 Depreciation and Amortization 235 274 474 544 Change in Working Capital 30 (319) (620) (1,069) Pension Expense 23 27 47 53 Pension Contributions and Direc
Slide 26: Reconciliation of Adjusted Net Income and EPS: Q2 2026
RECONCILIATION OF ADJUSTED NET INCOME (LOSS) AND ADJUSTED DILUTED EARNINGS PER SHARE SECOND QUARTER 2026 Rationalizations, Indirect Tax Asset Write-offs, Colombia Asset and As Settlements As Accelerated Labor Other Reported and Discrete Adjusted Depreciation and Strike Sales Tax Items Leases Net Sal
Slide 27: Reconciliation of Adjusted Net Income and EPS: Q2 2025
RECONCILIATION OF ADJUSTED NET INCOME (LOSS) AND ADJUSTED DILUTED EARNINGS PER SHARE SECOND QUARTER 2025 Rationalizations, Goodyear Indirect Tax Asset Write-offs, As Forward and Settlements Asset and As Accelerated Reported Other and Discrete Other Sales Adjusted Depreciation and Transaction Costs T
Slide 28: Reconciliation of Adjusted Net Income and EPS: Six Months 2026
RECONCILIATION OF ADJUSTED NET INCOME (LOSS) AND ADJUSTED DILUTED EARNINGS PER SHARE SIX MONTHS 2026 Rationalizations, Indirect Tax Asset Write-offs, Colombia Asset and As Settlements and As Accelerated Labor Other Reported Discrete Tax Adjusted Depreciation and Strike Sales Items Leases Net Sales $
Slide 29: Reconciliation of Adjusted Net Income and EPS: Six Months 2025
RECONCILIATION OF ADJUSTED NET INCOME (LOSS) AND ADJUSTED DILUTED EARNINGS PER SHARE SIX MONTHS 2025 Rationalizations, Asset Goodyear Indirect Tax Write-offs, Forward and Pension Asset and As Settlements As Accelerated Other Settlement Other Reported and Discrete Adjusted Depreciation and Transactio
Slide 30: Historical Key Metrics: Income Statement
HISTORICAL KEY METRICS INCOME STATEMENT 2024 2025 2026 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 GOODYEAR TIRE UNITS AMERICAS 19.0 19.6 21.0 22.0 81.6 18.4 19.1 19.6 21.1 78.2 15.3 17.4 EMEA 12.5 11.6 12.2 12.6 48.9 12.3 11.3 12.0 12.3 47.9 11.2 11.2 ASIA PACIFIC 8.9 8.9 9.3 9.0 36.1 7.8 7.5 8.4 8.9 32.6
Slide 31: Historical Key Metrics: Balance Sheet and Cash Flow
HISTORICAL KEY METRICS BALANCE SHEET AND CASH FLOW 2024 2025 2026 Three Three Three Three Twelve Three Three Three Three Twelve Three Three Months Months Months Months Months Months Months Months Months Months Months Months Ended Ended Ended Ended Ended Ended Ended Ended Ended Ended Ended Ended Mar.
Slide 32: End Notes
END NOTES 1 Segment Operating Income (SOI) results 2026 versus 2025: (a) Chemical and Dunlop brand sales impact includes stranded cost, new third-party raw material sourcing and the Dunlop off-take agreement; (b) Raw materials variance excludes raw material cost saving measures; (c) Goodyear Forward
The Goodyear Tire & Rubber Company — Q2 2026 Earnings Presentation on 6ix