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.

The Goodyear Tire & Rubber Company reached an agreement with the United Steelworkers to permanently close its Fayetteville, North Carolina manufacturing facility. The plan involves approximately 1,750 job reductions and is expected to be completed by the end of 2027. Total pre-tax charges are estimated between $535 million and $565 million, with cash charges of $190 million to $210 million. The company expects to improve Americas segment operating income by approximately $90 million in 2027 and $270 million annually from 2028 onwards. Goodyear Tire & Rubber Company is a manufacturer of tires and rubber products.

Christina L. Zamarro, Executive Vice President and Chief Financial Officer, will step down from her position effective June 30, 2026, and leave the company on July 10, 2026. Scott M. Deakin will be appointed as Interim Executive Vice President and Chief Financial Officer, effective July 1, 2026, while a search for a permanent successor is underway. The Goodyear Tire & Rubber Company is a manufacturer of tires and rubber products.

The Goodyear Tire & Rubber Company entered into an underwriting agreement for the issuance and sale of $1,050,000,000 in aggregate principal amount of its 8.875% Senior Notes due 2032. The offering is expected to close on June 4, 2026.