Earnings ·
The Goodyear Tire & Rubber Company reported a net loss of $204 million, or $0.71 per diluted share, for the second…
GTGoodyear Tire & Rubber Co
The Goodyear Tire & Rubber Company reported a net loss of $204 million, or $0.71 per diluted share, for the second quarter ended June 30, 2026, compared to a net income of $254 million in the prior year period. Net sales decreased 4.8% year-over-year to $4.3 billion, with organic sales down 1.4% due to lower tire unit volumes of 36.5 million. Segment operating income fell to $36 million from $159 million a year ago, impacted by higher tariffs, inflation, and volume declines in the Americas and EMEA, partially offset by growth in Asia Pacific. The company announced plans to close its Fayetteville, North Carolina facility, expecting approximately $270 million in annual savings by 2028 with total pre-tax charges between $535 million and $565 million. Goodyear operates as a global manufacturer of tires and rubber products.