GOODYEAR TIRE & RUBBER CO /OH/ (GT) Company Report

Goodyear reported Q3 2025 revenue of $4.6 billion and segment operating income of $287 million, with a net loss of $2.2 billion primarily due to non-cash items, and adjusted earnings per share of $0.28.
The company completed its planned divestitures, including the chemicals business, resulting in a pro forma debt decline of approximately $1.5 billion in Q3 2025.
Goodyear Forward initiatives contributed a $185 million benefit in Q3 2025 and are projected to provide $180 million in Q4, with at least $250 million in carryover cost benefits expected for 2026.
For Q4 2025, the company anticipates a meaningful sequential increase in segment operating income, though global volume is expected to be down about 4%.
Preliminary 2026 outlook includes a $200 million benefit from raw material costs, an inflation headwind of $200-$225 million, and a reduction in interest expense to approximately $425 million.

Nov 4, 2025, 1:30 PM

Transcript

Goodyear Reports Q3 2025 Financial Results and Completes Divestitures

Earnings

Guidance Update

Debt Issuance/Reduction

Goodyear reported Net Sales of $4,645 million for Q3 2025, a 3.7% decrease year-over-year, and Segment Operating Income of $287 million, down 17.1% from the prior year. Adjusted Earnings Per Share for the quarter was $0.28.
The company completed all planned divestitures, including the Chemical business sale, resulting in $2.2 billion in full-year divestiture proceeds. This contributed to a $1.5 billion reduction in total debt compared to the prior year, with pro forma total debt standing at $7,496 million as of September 30, 2025.
Benefits from the Goodyear Forward plan reached $185 million in Q3 2025, with $580 million in additional Segment Operating Income benefit achieved during the first nine months of 2025. The annualized run rate target for Goodyear Forward benefits was increased to $1.5 billion.
Free Cash Flow for Q3 2025 was ($181) million, representing an improvement of $159 million compared to Q3 2024.

Nov 4, 2025, 1:30 PM

Presentation

Goodyear Reports Q3 2025 Financial Results and Provides 2026 Outlook

Earnings

Guidance Update

Demand Weakening

Goodyear reported Q3 2025 sales of $4.6 billion, a 3.7% decrease from last year, with a net loss of $2.2 billion primarily due to non-cash, non-recurring items, and adjusted earnings per share of $0.28.
Segment Operating Income (SOI) for Q3 2025 was $287 million, benefiting from $185 million from the Goodyear Forward program and a $100 million price mix benefit, partly offset by an $81 million raw material headwind and a $90 million headwind from lower tire unit volume and factory utilization.
The company reduced its debt by approximately $1.5 billion pro forma for the Chemicals transaction and expects to generate significant free cash flow in Q4 2025.
For 2026, Goodyear anticipates at least $250 million in Goodyear Forward carryover cost benefits, a $200 million benefit from raw materials at current spot rates, and a $100 million benefit from flow-through pricing, while expecting headwinds of $200 million to $225 million from inflation and $150 million to $160 million from tariff carryover costs.
Market conditions include a decline of over 30% in heavy truck builds in the U.S. and elevated imports, with excess consumer replacement channel inventory expected to clear by the end of Q4 2025, while commercial channel inventory digestion is projected to extend into 2026.

Nov 4, 2025, 1:30 PM

Transcript

Goodyear Announces Q3 2025 Results and Completes Chemical Business Sale

Earnings

M&A

Goodyear reported Q3 2025 net sales of $4.6 billion and a net loss of $2.2 billion ($7.62 per share), which included significant non-cash charges of a $1.4 billion deferred tax asset valuation allowance and a $674 million goodwill impairment.
The company's adjusted net income for Q3 2025 was $82 million, with adjusted earnings per share of $0.28.
On October 31, 2025, Goodyear completed the sale of its Chemical business for a purchase price of $650 million, receiving approximately $580 million in cash proceeds.
This divestiture completes all planned asset sales under the Goodyear Forward program, with total proceeds from divestitures reaching approximately $2.2 billion, which will be used for debt reduction. The Goodyear Forward plan also delivered $185 million in segment operating income benefits during Q3 2025 and is expected to achieve $1.5 billion in annualized run-rate benefits by year-end 2025.

Nov 3, 2025, 9:32 PM

8-K

Goodyear's Polymer Chemicals Business Acquired by Gemspring Capital

M&A

New Projects/Investments

Management Change

Gemspring Capital Management, LLC completed the acquisition of The Goodyear Tire & Rubber Company's polymer chemicals business on November 3, 2025.
The acquisition includes two manufacturing plants in Houston and Beaumont, Texas, and a research and development facility in Akron, Ohio, while Goodyear retains its chemical facilities in Niagara Falls, New York, and Bayport, Texas.
The Polymer Chemical Business, headquartered in Ohio, is a leading producer of synthetic rubber serving diverse end markets.
Gemspring intends to expand the Company's offering by strengthening its capabilities in synthetic rubber markets and expanding into adjacent chemical categories, both organically and through strategic acquisitions.
Tesham Gor has been appointed as the incoming Chief Executive Officer for the acquired business.

Nov 3, 2025, 9:31 PM

Press Release

Goodyear Completes Chemical Business Divestiture

M&A

Debt Issuance

New Projects/Investments

Goodyear completed the divestiture of the majority of its Chemical business on October 31, 2025, for a purchase price of $650 million.
At closing, Goodyear received approximately $580 million in cash proceeds.
This sale concludes all planned asset sales under the Goodyear Forward transformation program, with total gross proceeds from divestitures reaching approximately $2.2 billion.
The company intends to use the proceeds for debt reduction and to fund initiatives related to the Goodyear Forward transformation plan.

Nov 3, 2025, 9:31 PM

Press Release

Goodyear announces Q3 2025 results and completes Chemical business sale

Earnings

M&A

Goodyear reported net sales of $4.6 billion and 40.0 million tire unit volumes for the third quarter of 2025.
The company recorded a net loss of $2.2 billion ($7.62 per share) in Q3 2025, which included a $1.4 billion non-cash deferred tax asset valuation allowance and a $674 million non-cash goodwill impairment charge. In contrast, adjusted net income for the quarter was $82 million ($0.28 per share).
The Goodyear Forward plan delivered $185 million of segment operating income benefits during Q3 2025, and all planned divestitures were completed, including the sale of its Chemical business for $580 million net cash proceeds, contributing to approximately $2.2 billion in total proceeds for debt reduction.

Nov 3, 2025, 9:30 PM

Press Release

Infinity Engineered Products Acquires Meklas Otomotiv

M&A

New Projects/Investments

Infinity Engineered Products, the global exclusive provider of Goodyear branded air springs, has acquired Meklas Otomotiv.
Meklas Otomotiv, founded in 1986, is a premier European air springs manufacturer primarily serving aftermarket customers for commercial vehicle applications.
This acquisition is expected to provide significant synergy opportunities, including leveraging Meklas' manufacturing capabilities in Turkey to enhance Infinity's North American operations, accelerating growth, and re-introducing the Goodyear brand to Europe and other geographic markets.

Oct 6, 2025, 11:30 AM

Press Release

Grant Thornton Advisors Expands Multinational Platform

M&A

New Projects/Investments

Grant Thornton Advisors expanded its multinational platform by incorporating member firms from France, Spain, and Belgium, reinforcing its global presence across Europe, the Americas, and the Middle East.
The French firm is the largest acquisition, reporting €287.7 million ($337 million) in revenue with 2,800 professionals. The Spanish and Belgian firms reported revenues of €100.3 million ($118 million) and more than €40 million ($47 million) respectively.
This expansion is part of a multinational platform strategy launched in January 2025, which has since incorporated 11 member firms and is supported by a private equity investment led by New Mountain Capital.

Sep 29, 2025, 11:48 AM

Morningstar

Goodyear Reports Q2 2025 Results Amidst Challenging Industry Dynamics

Earnings

Guidance Update

Demand Weakening

Goodyear reported Q2 2025 net sales of $4,465 million, a 2.3% year-over-year decrease, and segment operating income of $159 million, a 52.4% year-over-year decline.
The company's Adjusted EPS was ($0.17) and Free Cash Flow was ($387 million) for Q2 2025.
The "Goodyear Forward" transformation plan contributed $195 million in benefits to segment operating income in Q2 2025, with an expected additional $750 million benefit for the full year 2025, and annualized run rate targets increased to $1.5 billion.
Goodyear has generated $1.6 billion in gross asset sale proceeds to date from the sale of its Off-the-Road tire business and the Dunlop brand, with expectations to exceed $2.0 billion this year, including the pending Chemical sale.
The company continues to face challenging industry dynamics, including broad-based increases in imports, significant cuts to OE customer production schedules, and soft consumer replacement demand.

Aug 8, 2025, 12:30 PM

Presentation

Earnings Transcripts

Quarterly earnings call transcripts for GOODYEAR TIRE & RUBBER CO /OH/.

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