In Q2 2024, Goodyear's net income increased to $85M from a $208M loss in Q2 2023 due to higher sales and transformation plan benefits.
In Q2 2024, Goodyear achieved a net income of $85 million, up from a net loss of $208 million in the same period in 2023. The increase in sales is attributed to higher segment operating income, benefits from Goodyear Forward transformation plan, insurance claim recoveries, and the Tupelo storm's negative impact in 2023. Sales reached $4.6 billion with a tyre unit volume of 40.1 million.
August 01, 2024
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