EARNINGS RELEASE Q2 2024 - 1 Q2 2024 | AUGUST 1, 2024 Q2 2024 HIGHLIGHTS SEGMENT OPERATING INCOME more than double vs prior year AMERICAS SEGMENT OPERATING INCOME of $241 million, SOI margin of 8.9% ASIA PACIFIC SEGMENT OPERATING INCOME of $63 million, SOI margin of 10.6% DEFINITIVE AGREEMENT SIGNED for sale of Off-the-Road tire business GOODYEAR FORWARD progress continues ahead of plan Q2 2024 - 2 Quarter Highlights Financial Results SBU Results Outlook Important Disclosures Appendix Q2 2024 KEY METRICS Ti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 Commission File Number: 1-1927 THE GOODYEAR TIRE & RUBBER COMPANY (Exact Name of Registrant as Specified in Its Charter) Ohio 34-0253240 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 200 Innovation Way, Akron, Ohio 44316-0001 ...

Financial Data and Key Metrics - Q2 2024 segment operating income was $339 million, with a margin of 7.4%, nearly triple the margin from Q2 2023 [7] - Reported EPS increased by over $1, and adjusted EPS grew by $0.53 year-over-year [7] - Sales totaled $4.6 billion, down 6% from last year, driven by lower volume and unfavorable price/mix [14] - Unit volume decreased by 2% year-over-year, with replacement volume declining by 7% and OE volume increasing by 13% [14] - Free cash flow was a use of $346 million in Q2, compared to a cash inflow of $96 million in the same period last year [16] Business Line Performance - Americas: Unit volume decreased by 6%, driven by replacement volume, but segment operating income increased by $138 million to $241 million [17] - EMEA: Unit volume decreased by 1%, with segment operating income up $54 million to $35 million [18] - Asia Pacific: Unit volume increased by 8%, driven by OE growth in China, with segment operating income up $23 million to $63 million [19] Market Performance - Americas: U.S. replacement industry grew slightly, but low-end imports increased by 18%, impacting branded tire companies [17] - EMEA: Western Europe saw growth, but Eastern Europe, particularly Turkey, experienced declining volume due to pricing actions in response to hyperinflation [18] - Asia Pacific: Strong growth in China's OE market, especially in the EV segment, but consumer replacement industry in China was weaker than expected [10] Company Strategy and Industry Competition - The company is focusing on profitable volume segments and high-return areas while executing cost reduction efforts [6] - Goodyear Forward initiatives contributed $90 million in Q2, with benefits driven by purchasing initiatives [15] - The company is reducing exposure to competitive Tier 3 and Tier 4 market segments through SKU rationalization and margin enhancement actions [8] - The company is transitioning to shared services in EMEA and opening a new shared services center in Costa Rica for the Americas [11] Management Commentary on Operating Environment and Future Outlook - The industry environment in the first half of 2024 was challenging, with downgrades to OEM production levels and a saturated replacement market due to low-end imports [6] - The company expects industry challenges to continue through the second half of 2024 [6] - Full-year unit volume outlook has been revised to reflect first-half experience, with Q3 global unit volume expected to decline by approximately 4% [20] - The company increased its full-year outlook for Goodyear Forward initiatives, reflecting strong progress across work streams [20] Other Important Information - The company achieved a 15% reduction in Americas overtime hours by June [12] - The sale of a valuable property in Germany was reported in Q2, as part of real estate portfolio optimization [12] - The Goodyear Vector Gen-3 All Season tire was awarded a test winner by ADAC, which is expected to drive price and mix in the fast-growing segment [9] Q&A Session Summary - No specific questions or answers were provided in the transcript [21][22][23]

Goodyear (GT) reported $4.57 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 6.1%. EPS of $0.19 for the same period compares to -$0.34 a year ago.The reported revenue represents a surprise of -4.67% over the Zacks Consensus Estimate of $4.79 billion. With the consensus EPS estimate being $0.09, the EPS surprise was +111.11%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Exhibit 99.1 1 NEWS RELEASE Second quarter Goodyear net income of $85 million (30 cents per share); adjusted net income of $54 million (19 cents per share) Segment operating income of $339 million, up $215 million compared to the second quarter of 2023 Americas segment operating income of $241 million, SOI margin of 8.9% Asia Pacific segment operating income of $63 million, SOI margin of 10.6% FOR IMMEDIATE RELEASE Goodyear Forward transformation initiatives delivered $90 million > GLOBAL HEADQUARTERS: 200 ...

Second quarter Goodyear net income of $85 million (30 cents per share); adjusted net income of $54 million (19 cents per share)Segment operating income of $339 million, up $215 million compared to the second quarter of 2023Americas segment operating income of $241 million, SOI margin of 8.9%Asia Pacific segment operating income of $63 million, SOI margin of 10.6%Goodyear Forward transformation initiatives delivered $90 millionAKRON, Ohio, July 31, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NAS ...

AKRON, Ohio, July 30, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Mamatha Chamarthi has been named senior vice president and Chief Digital Officer, and Will Roland has been named senior vice president and Chief Marketing Officer, both reporting to Chief Executive Officer and President Mark Stewart, effective August 1. Goodyear Names Mamatha Chamarthi Chief Digital Officer Goodyear Names Will Roland Chief Marketing Officer "It's imperative that we understand ...

AKRON, Ohio, July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2024 financial results after market close on Wednesday, July 31, followed by an investor conference call at 8:00 a.m. EDT on Thursday, August 1.The Company will publish its results on July 31, in the form of an Earnings Release and an additional presentation on its investor relations website: http://investor.goodyear.com. The following morning, the Company will host an investor call.The inve ...

AKRON, Ohio, July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell its Off-the-Road ("OTR") tire business to The Yokohama Rubber Company, Limited (TYO: 5101) ("Yokohama") for $905 million in cash. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan.Goodyear's OTR tire business provides industry ...

GT Resources Announces Diamond Drilling Underway on the Canalask Nickel-Copper ProjectJuly 08, 2024 6:30 AM EDT | Source: GT Resources Inc.Toronto, Ontario--(Newsfile Corp. - July 8, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT Resources") is pleased to announce drilling of the Electromagnetic ("EM") targets at the Canalask Nickel-Copper Project is now underway. "The first drill hole is well underway and is targeting a ~1000m x 400m EM Maxwell plate in t ...