Goodyear reported third‑quarter 2025 financial results, posting net sales of $4.6 billion and a net loss of $2.2 billion, or $7.62 per share. Adjusted net income for the quarter was $82 million, or $0.28 per share, down from $102 million and $0.36 per share a year earlier. The company’s net loss widened from a $37 million loss in the same quarter of 2024, reflecting significant one‑time charges, including a $1.4 billion deferred tax asset valuation allowance and a $674 million goodwill impairment.
Segment operating income benefited from $185 million of Goodyear Forward program gains, offset by $21 million in rationalization charges and $8 million in Goodyear Forward costs. The company’s operating performance was also impacted by inflationary cost pressures, lower tire volumes, and the non‑recurrence of insurance recoveries that helped lift the prior year’s results.
The company completed the sale of its Chemical business on October 31, 2025, for cash proceeds of $580 million. Total divestiture proceeds from the Chemical, Off‑the‑Road tire, and Dunlop brand sales amount to roughly $2.2 billion, which the company is using to reduce debt and support its deleveraging objectives under the Goodyear Forward plan.
Management indicated that earnings in the fourth quarter are expected to accelerate further, driven by the continued benefits of the Goodyear Forward plan and the completion of all planned divestitures. The company projects that the plan will deliver approximately $1.5 billion in annualized run‑rate benefits by year‑end 2025.
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