Financial Performance - Segment Operating Income (SOI) was $159 million[1], impacted by challenging industry dynamics[3] - Net sales reached $4,465 million, a decrease of 2.3% year-over-year (YoY)[11] - The company reported a net loss of $0.17 per share[11] - Free cash flow was negative $387 million, a decrease of 11.8% YoY[11] - Gross margin was 17%, a decrease of 3.6 percentage points YoY[23] Strategic Initiatives - Goodyear Forward initiatives drove benefits of $195 million in Q2 2025[3], with $395 million achieved in the first six months of 2025[15] - The company expects an additional $750 million benefit from Goodyear Forward in 2025[15] - Gross asset sale proceeds to date totaled $1.6 billion, with expectations to exceed $2.0 billion this year[3] Segment Results - Americas segment operating income was $141 million, with a margin of 5.3%[13] - EMEA segment reported a segment operating loss of $25 million, with a margin of -1.9%[13] - Asia Pacific segment operating income was $43 million, with a margin of 9.4%[13] Outlook - The company anticipates global unit volumes to decrease by approximately 5% in Q3 2025[42] - Goodyear Forward is expected to contribute a benefit of approximately $180 million in Q3 2025[42]

Financial Performance - Goodyear reported a quarterly loss of $0.17 per share, missing the Zacks Consensus Estimate of $0.37, and compared to earnings of $0.19 per share a year ago, representing an earnings surprise of -145.95% [1] - The company posted revenues of $4.47 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 0.83%, and down from $4.57 billion year-over-year [2] - Over the last four quarters, Goodyear has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance and Outlook - Goodyear shares have increased approximately 10.4% since the beginning of the year, outperforming the S&P 500's gain of 7.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.50 on revenues of $4.82 billion, and for the current fiscal year, it is $1.31 on revenues of $18.57 billion [7] Industry Context - The Rubber - Tires industry, to which Goodyear belongs, is currently ranked in the bottom 6% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Goodyear's stock performance [5] - The unfavorable trend in estimate revisions prior to the earnings release has resulted in a Zacks Rank 5 (Strong Sell) for Goodyear, suggesting expected underperformance in the near future [6]

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) Goodyear reported declining net sales and tire volumes in Q2 and H1 2025, with reported net income boosted by asset sales, while adjusted net income showed a loss [Second Quarter 2025 Performance](index=1&type=section&id=Second%20Quarter%202025%20Performance) - The second quarter was challenging due to industry disruption from shifts in global trade, including a surge of low-cost imports, with conditions expected to stabilize in coming quarters[4](index=4&type=chunk) Q2 2025 Key Financial Metrics | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Net Sales (Million USD) | 4,500 | 4,600 | Down | | Tire Unit Volumes (Million Units) | 37.9 | N/A | N/A | | Net Income (Million USD) | 254 | 79 | +221.5% | | Diluted EPS (USD) | 0.87 | 0.28 | +210.7% | | Adjusted Net Income (Loss) (Million USD) | (48) | 48 | Down | | Adjusted Diluted EPS (Loss) (USD) | (0.17) | 0.17 | Down | | Segment Operating Income (Million USD) | 159 | 334 | -52.4% | - Q2 2025 net income was significantly boosted by a pre-tax gain of **$385 million** from the sale of the Dunlop brand, partially offset by rationalization charges of **$59 million** and Goodyear Forward costs of **$5 million**[4](index=4&type=chunk) - The decline in segment operating income was primarily driven by higher raw material costs, inflation, unfavorable price/mix, non-recurrence of 2024 insurance recoveries, and lower volume, partially offset by **$195 million** in benefits from the Goodyear Forward plan[6](index=6&type=chunk) [Year-to-Date 2025 Performance](index=2&type=section&id=Year-to-Date%202025%20Performance) First Six Months (H1) 2025 Key Financial Metrics | Metric | H1 2025 | H1 2024 | Change | | :--- | :--- | :--- | :--- | | Net Sales (Million USD) | 8,700 | 9,100 | -4.4% | | Tire Unit Volumes (Million Units) | 76.4 | N/A | N/A | | Net Income (Million USD) | 369 | 10 | +3590% | | Diluted EPS (USD) | 1.27 | 0.04 | +3075% | | Adjusted Net Income (Loss) (Million USD) | (59) | 65 | Down | | Adjusted Diluted EPS (Loss) (USD) | (0.21) | 0.23 | Down | | Segment Operating Income (Million USD) | 354 | 574 | -38.3% | - First half 2025 net income included a combined pre-tax gain of **$645 million** from the sales of the OTR tire business and the Dunlop Brand[8](index=8&type=chunk) - The decline in H1 segment operating income was driven by unfavorable price/mix vs. raw materials, inflation, non-recurrence of insurance recoveries, and lower volume, partially offset by **$395 million** in benefits from the Goodyear Forward plan[10](index=10&type=chunk) [Business Segment Results](index=3&type=section&id=Business%20Segment%20Results) All three business segments experienced declines in operating income for the second quarter, driven by various factors including lower volumes, higher costs, and asset divestitures [Americas](index=3&type=section&id=Americas) Americas Q2 2025 Performance | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Net Sales (Million USD) | 2,662 | 2,697 | -1.3% | | Tire Units (Million Units) | 19.1 | 19.6 | -2.6% | | Segment Operating Income (Million USD) | 141 | 241 | -41.5% | | Segment Operating Margin (Percentage Points) | 5.3% | 8.9% | -3.6 p.p. | - The sales decrease was driven by declines in replacement volume (**-2.0%**) and original equipment (OE) volume (**-5.0%**), partially offset by price/mix benefits[14](index=14&type=chunk) - The significant drop in operating income was attributed to higher raw material costs, inflation, and unabsorbed fixed costs, which were partly offset by Goodyear Forward benefits[15](index=15&type=chunk) [Europe, Middle East and Africa (EMEA)](index=3&type=section&id=Europe%2C%20Middle%20East%20and%20Africa%20%28EMEA%29) EMEA Q2 2025 Performance | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Net Sales (Million USD) | 1,344 | 1,279 | +5.1% | | Tire Units (Million Units) | 11.3 | 11.6 | -2.0% | | Segment Operating Income (Loss) (Million USD) | (25) | 30 | Down | | Segment Operating Margin (Percentage Points) | (1.9)% | 2.3% | -4.2 p.p. | - Sales increased due to positive price/mix and growth in Fleet Solutions, despite lower overall tire volume, with OE volume growing **10.9%** while replacement volume fell **7.3%**[16](index=16&type=chunk) - The segment swung to an operating loss, driven by higher raw material costs, the non-recurrence of 2024 net insurance recoveries, and inflation[17](index=17&type=chunk) [Asia Pacific](index=4&type=section&id=Asia%20Pacific) Asia Pacific Q2 2025 Performance | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Net Sales (Million USD) | 459 | 594 | -22.7% | | Tire Units (Million Units) | 7.5 | 8.9 | -15.6% | | Segment Operating Income (Million USD) | 43 | 63 | -31.7% | | Segment Operating Margin (Percentage Points) | 9.4% | 10.6% | -1.2 p.p. | - The sharp decline in net sales was driven by lower volume and the sale of the OTR tire business, with replacement volume falling **18.2%** and OE volume falling **13.0%**[18](index=18&type=chunk) - Operating income decreased primarily due to the OTR business divestiture; however, the segment's operating margin grew by **150 basis points** after adjusting for the sale[19](index=19&type=chunk) [Goodyear Forward Transformation Plan](index=4&type=section&id=Goodyear%20Forward%20Transformation%20Plan) The Goodyear Forward plan is delivering significant financial benefits through cost savings and strategic asset sales, contributing to operating income and reducing leverage - The plan delivered **$195 million** in benefits to segment operating income during the second quarter[20](index=20&type=chunk) - Key asset sales completed in 2025 include the **OTR tire business** for **$905 million** and the **Dunlop brand** for **$735 million** in gross cash proceeds[20](index=20&type=chunk) - A definitive agreement was reached to sell the majority of the Goodyear Chemical business, with proceeds expected to further reduce leverage upon closing in late 2025[20](index=20&type=chunk) [Financial Statements (Unaudited)](index=7&type=section&id=Financial%20Statements%20%28Unaudited%29) The unaudited financial statements detail the company's performance and financial position, showing increased net income from asset sales, changes in assets and liabilities, and cash flow dynamics [Consolidated Statement of Operations](index=7&type=section&id=Consolidated%20Statement%20of%20Operations) Q2 2025 Statement of Operations Summary | Line Item | Q2 2025 (Million USD) | Q2 2024 (Million USD) | | :--- | :--- | :--- | | Net Sales | 4,465 | 4,570 | | Cost of Goods Sold | 3,705 | 3,627 | | Net (Gains) on Asset Sales | (439) | (96) | | Income before Income Taxes | 305 | 133 | | Goodyear Net Income | 254 | 79 | [Consolidated Balance Sheets](index=8&type=section&id=Consolidated%20Balance%20Sheets) Balance Sheet Summary | Line Item | June 30, 2025 (Million USD) | Dec 31, 2024 (Million USD) | | :--- | :--- | :--- | | Total Current Assets | 8,885 | 7,589 | | Total Assets | 22,259 | 20,921 | | Total Current Liabilities | 7,701 | 7,377 | | Total Liabilities | 16,965 | 16,098 | | Total Shareholders' Equity | 5,294 | 4,823 | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Six Months Ended June 30 Cash Flow Summary | Cash Flow Activity | 2025 (Million USD) | 2024 (Million USD) | | :--- | :--- | :--- | | Net Cash from Operating Activities | (718) | (518) | | Net Cash from Investing Activities | 837 | (488) | | Net Cash from Financing Activities | (107) | 896 | - The positive cash flow from investing activities in H1 2025 was primarily driven by **$1,328 million** in proceeds from asset dispositions, which more than offset capital expenditures of **$466 million**[36](index=36&type=chunk) [Reconciliation of Non-GAAP Financial Measures](index=10&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section reconciles non-GAAP measures to U.S. GAAP equivalents, adjusting reported figures for significant non-recurring items to provide a clearer view of underlying performance [Reconciliation of Segment Operating Income & Margin](index=10&type=section&id=Reconciliation%20of%20Segment%20Operating%20Income%20%26%20Margin) - For Q2 2025, Total Segment Operating Income of **$159 million** was reconciled to Goodyear Net Income of **$254 million**, primarily by adding back a **$439 million** net gain on asset sales and subtracting other expenses[38](index=38&type=chunk) [Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted EPS](index=11&type=section&id=Reconciliation%20of%20Adjusted%20Net%20Income%20%28Loss%29%20and%20Adjusted%20Diluted%20EPS) - For Q2 2025, reported Goodyear Net Income of **$254 million** was adjusted to a loss of **($48 million)**, primarily by removing a **$393 million** net benefit from asset sales[40](index=40&type=chunk) - For the first six months of 2025, reported Goodyear Net Income of **$369 million** was adjusted to a loss of **($59 million)**, primarily by removing a **$630 million** net benefit from asset sales and a **$196 million** charge for rationalizations[43](index=43&type=chunk)

Core Insights - Goodyear Tire & Rubber Company reported a net income of $254 million for Q2 2025, significantly up from $79 million in the same quarter last year, driven by asset sales and operational improvements [2][5][10] - The company experienced challenges in both consumer and commercial segments due to global trade disruptions, but anticipates stabilization and growth opportunities in the future [2][4] - Goodyear Forward transformation plan is expected to exceed original goals for cost savings and asset sale proceeds, contributing $195 million to segment operating income in Q2 2025 [2][17] Financial Performance - Q2 2025 net sales were $4.5 billion, with tire unit volumes totaling 37.9 million, compared to $4.57 billion and 38.6 million units in Q2 2024 [2][10] - Adjusted net loss for Q2 2025 was $48 million, a decline from adjusted net income of $48 million in the prior year [3][6] - Year-to-date results for the first half of 2025 showed net sales of $8.7 billion and net income of $369 million, compared to $9.1 billion and $10 million in the same period last year [5][6] Segment Performance - In the Americas, Q2 2025 net sales were $2.7 billion, down 1.3% year-over-year, with segment operating income decreasing to $141 million from $241 million [10][11] - EMEA segment reported a net sales increase of 5.1% to $1.3 billion, but incurred an operating loss of $25 million due to higher raw material costs and inflation [12][13] - Asia Pacific segment saw a 22.7% decline in net sales to $459 million, with operating income dropping to $43 million, impacted by lower demand and the sale of the OTR tire business [14][15] Goodyear Forward Plan - The Goodyear Forward initiative has generated significant benefits, with $195 million reflected in Q2 2025 segment operating income [4][17] - The company completed the sale of the OTR tire business for $905 million and the Dunlop brand for $735 million, with plans to use proceeds to reduce leverage [17] - A definitive agreement was reached to sell the majority of the Goodyear Chemical business, expected to close in late 2025 [17]

Core Points - Goodyear celebrated its 100th anniversary by hosting the world's first Pokémon battle in collaboration with GameStop, taking place 1,000 feet above Los Angeles [1][2][5] - The event featured prominent figures including YouTuber Casey Neistat and Oculus VR founder Palmer Luckey, among others [3][4] Company Overview - Goodyear is one of the largest tire companies globally, employing approximately 68,000 people and operating 53 facilities across 20 countries [6] - The company has two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg, focusing on developing advanced products and services [6]

SANTA CLARA, Calif., Aug. 6, 2025 /PRNewswire/ -- PlusAI, an artificial intelligence company commercializing AI-based virtual driver software for factory-built autonomous trucks, announced today that it is collaborating with The Goodyear Tire & Rubber Company (NASDAQ: GT) to advance the safety and efficiency features of autonomous freight. The companies will explore how tire intelligence from Goodyear's intelligent tire technology suite, SightLine, can enhance PlusAI's fully autonomous virtual driver system ...

Company Overview - Goodyear Tire & Rubber Company is one of the world's largest tire manufacturers, employing approximately 68,000 people and operating 53 facilities across 20 countries [3] - The company has two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg, focusing on developing advanced products and services that set industry standards [3] Upcoming Financial Results - Goodyear will report its second quarter 2025 financial results after market close on August 7, 2025 [1] - An investor conference call is scheduled for 8:30 a.m. Eastern time on August 8, 2025, to discuss the results [1] Investor Call Details - The investor call can be accessed via the company's website or by telephone, with specific numbers provided for participants [2] - A replay of the call will be available through designated phone numbers and on the website [2]

Group 1 - The Goodyear Tire & Rubber Company is expected to report its financial results for the second quarter of the 2025 fiscal year likely early next month [1] - Crude Value Insights provides an investing service focused on oil and natural gas, emphasizing cash flow and companies that generate it, which leads to value and growth prospects [1] Group 2 - Subscribers of Crude Value Insights have access to a 50+ stock model account, in-depth cash flow analyses of exploration and production firms, and live chat discussions about the sector [2] - A two-week free trial is available for new subscribers to explore the oil and gas investment opportunities [3]

Core Viewpoint - Goodyear (GT) is anticipated to report a year-over-year increase in earnings despite a decline in revenues for the quarter ended June 2025, with the actual results being crucial for its near-term stock price movement [1][3]. Earnings Expectations - The consensus estimate for Goodyear's quarterly earnings is $0.37 per share, reflecting a significant year-over-year increase of +94.7%, while revenues are projected to be $4.52 billion, a decrease of 1% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 2.88%, indicating a collective reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Goodyear is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -67.57%, suggesting a bearish sentiment among analysts [12]. Historical Performance - In the last reported quarter, Goodyear was expected to post a loss of $0.06 per share but actually reported a loss of -$0.04, achieving a surprise of +33.33%. Over the past four quarters, the company has beaten consensus EPS estimates three times [13][14]. Investment Considerations - Despite the potential for an earnings beat, Goodyear does not currently appear to be a compelling candidate for such an outcome, and investors should consider other factors before making investment decisions [17].

Core Points - Goodyear has launched the Assurance MaxLife® 2, its longest-lasting all-season tire, now available in the U.S. and Canada with an 85,000-mile (140,000 km) limited treadlife warranty [1][2][8] - The Assurance MaxLife 2 is engineered for a variety of vehicles, including family sedans, hybrids, crossovers, and luxury SUVs, with 58 sizes available [5][7] - The tire features Goodyear's proprietary TredLife™ Technology, providing enhanced tread performance, all-season traction, and a built-in Wear Gauge® for monitoring tread depth [6][7] Product Features - The Assurance MaxLife 2 is designed for daily commutes and weekend getaways, offering long-lasting performance, confident grip, and a quiet, comfortable ride [3][4][6] - It incorporates four deep tread grooves and zigzag sipes to ensure grip in both wet and dry conditions [6] - The tire is a response to consumer demand for durability and performance, aiming to exceed expectations in tread life [7] Company Overview - Goodyear is one of the largest tire companies globally, employing approximately 68,000 people and operating 53 manufacturing facilities across 20 countries [9] - The company has two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg, focusing on developing advanced products and services [9]