固特異第二季淨銷售跌4.8% 關閉北卡廠房料年慳2.7億美元

EX-99.1
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q22026nrearningsrelease_dr.htm
EX-99.1

Q2 2026 NR Earnings Release_DRAFT1 

FOR IMMEDIATE RELEASE
NEWS RELEASE

MEDIA CONTACT: 
KELLY MCGLUMPHY
[email protected]

ANALYST CONTACT: 
RYAN REED
[email protected]

GOODYEAR ANNOUNCES SECOND QUARTER 2026 RESULTS 
Second Quarter Performance Reflected Improving Market Stability and 
Continued Execution to Strengthen Goodyear's Competitive Position
Second Quarter 2026 Highlights
Net sales of $4.3 billion, decreasing 4.8% YoY; down 1.4% organically as a result of lower volumes
Tire unit volume of 36.5 million units, decreasing 4.0% YoY, improving from a 12% YoY decline during the 
first quarter as destocking pressure moderated and market conditions showed more stability
Goodyear OE volumes and market share grew across both consumer and commercial in each region, 
reflecting the strength of the product portfolio and supporting long-term replacement demand
Segment operating income of $36 million; strong results in Asia Pacific and improvement in EMEA offset by 
moderating headwinds in the Americas
Goodyear Forward delivered $95 million of benefits; manufacturing footprint optimization is underway 
with recently announced action providing ~$270 million in expected annual savings by 2028
AKRON, Ohio, August 5, 2026 – The Goodyear Tire & Rubber Company (NASDAQ:GT) reported second 
quarter 2026 results today and the company will host an investor call tomorrow morning, Thursday, August 6, 
at 8:30 a.m. Eastern time led by Mark Stewart, Goodyear’s chief executive officer and president, and Scott 
Deakin, the company’s interim executive vice president and chief financial officer.
"We delivered second quarter results in line with our expectations, reflecting continued improvement in Asia 
Pacific and EMEA," said Stewart. "We're taking actions to improve performance in a competitive environment 
by strengthening our product lineup, building on original equipment growth across regions, and optimizing 
our manufacturing footprint. These actions are designed to strengthen our competitive position and deliver 
stronger profitability over time."
Financial Results
Goodyear's second quarter 2026 net sales were $4.3 billion, with tire unit volumes totaling 36.5 million. After 
adjusting for the impact of the sales of its Chemical business and the Dunlop brand of $153 million, organic 
net sales decreased 1.4% as a result of lower tire unit volume. 

2 

Second quarter 2026 Goodyear net loss was $204 million, or $0.71 per share, compared to Goodyear net 
income one year ago of $254 million, or $0.87 per share. Second quarter 2026 included several significant 
items, including, on a pre-tax basis, rationalization charges of $29 million. This significant item, and others, are 
excluded from adjusted earnings. 
Second quarter 2026 adjusted net loss was $177 million, compared to adjusted net loss of $48 million in the 
prior year's quarter. Adjusted loss per share was $0.61, compared to an adjusted loss per share of $0.17 in the 
prior year's quarter. Per share amounts are diluted.
Segment Results
The company reported segment operating income of $36 million in the second quarter of 2026, compared to 
$159 million from one year ago.
After adjusting for the sales of its Chemical business and the Dunlop brand, segment operating income 
decreased $79 million. The decrease in segment operating income reflects the impact of lower volume of 
$132 million, higher tariffs and other costs of $100 million, and inflation of $53 million, partially offset by 
favorable price/mix versus raw material costs of $123 million and $95 million of benefits from Goodyear 
Forward.
Additional earnings materials can be found on Goodyear’s investor relations website at http://
investor.goodyear.com.  
Reconciliation of Non-GAAP Financial Measures
See “Non-GAAP Financial Measures” and “Financial Tables” for further explanation and reconciliation tables 
for historical Total Segment Operating Income and Margin; Adjusted Net Income (Loss); and Adjusted Diluted 
Earnings per Share, reflecting the impact of certain significant items on the 2026 and 2025 periods. Organic 
earnings measures exclude the impact of divestitures; see "Non-GAAP Financial Measures" for additional 
details.

3 

Business Segment Results 
AMERICAS

Second Quarter

Six Months

(In millions)

2026

2025

2026

2025

Tire Units

17.4

19.1

32.7

37.5

Net Sales

$2,382

$2,662

$4,445

$5,164

Segment Operating Income (Loss)  

$(10)

$141

$27

$296

Segment Operating Margin

(0.4%)

5.3%

0.6%

5.7%

Americas’ second quarter 2026 net sales of $2.4 billion were 10.5% lower than the previous year, driven by a 
decline in consumer replacement volume and the sale of the Chemical business. Tire unit volume decreased 
8.7%. Replacement tire unit volume decreased 13.0%, reflecting planned rationalization of lower-tier product 
offerings, lower industry sell-in volume in North America, and increased competition. Original Equipment (OE) 
tire unit volume increased 8.7%, reflecting market share gains.
Segment operating loss was $10 million, decreasing from $141 million in income last year. Excluding the 
impact of the sale of the Chemical business, Americas' segment operating income decreased $118 million 
driven by the impact of lower volume, inflation and other costs, partially offset by Goodyear Forward benefits 
and price/mix versus raw materials.
In July, the company announced the planned closure of its Fayetteville, North Carolina, facility as part of its 
strategy to align its footprint with its evolving product portfolio and improve the competitiveness of its 
manufacturing network in the Americas. This action is expected to generate approximately $90 million of 
Americas SOI improvement in 2027 and approximately $270 million annually beginning in 2028. Total pre-tax 
charges are expected to be between $535 million and $565 million, including $190 million to $210 million of 
cash costs, with the action expected to be substantially completed by the end of 2027.

4 

EMEA

Second Quarter

Six Months

(In millions)

2026

2025

2026

2025

Tire Units

11.2

11.3

22.4

23.6

Net Sales

$1,372

$1,344

$2,735

$2,621

Segment Operating Income (Loss)

$(17)

$(25)

$(16)

$(30)

Segment Operating Margin

(1.2)%

(1.9)%

(0.6%)

(1.1)%

EMEA’s second quarter 2026 net sales of $1.4 billion increased 2.1% from second quarter 2025, driven by 
benefits from price/mix and currency, partly offset by lower tire volume, inclusive of the sale of the Dunlop 
brand. Replacement unit volume decreased 7.1%, driven by consumer market softness, increased competition 
and the planned rationalization of lower-tier product offerings. OE tire unit volume increased 8.3%, reflecting 
the tenth consecutive quarter of consumer market share gains.
Second quarter segment operating loss was $17 million, improving $8 million from the prior year. Excluding 
the impact of the sale of the Dunlop brand, EMEA's segment operating income increased $20 million driven 
by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by higher costs, inflation 
and the impact of lower volume. 
ASIA PACIFIC

Second Quarter

Six Months

(In millions)

2026

2025

2026

2025

Tire Units

7.9

7.5

15.4

15.3

Net Sales

$496

$459

$951

$933

Segment Operating Income  

$63

$43

$120

$88

Segment Operating Margin

12.7%

9.4%

12.6%

9.4%

Asia Pacific's second quarter 2026 net sales of $496 million were 8.1% higher than the previous year, as a 
result of higher volume and price/mix benefits. Tire unit volume increased 5.3%. Replacement volume 
increased 6.4% driven by higher consumer demand. OE volume increased 4.2% driven by growth primarily in 
China and Japan, reflecting consumer OE market share gains.
Second quarter 2026 segment operating income of $63 million was $20 million higher than the prior year 
driven by benefits from price/mix versus raw materials, Goodyear Forward and higher volume.

5 

Conference Call
The company will host an investor call on Thursday, August 6, 2026, at 8:30 a.m. Eastern time. Please visit 
Goodyear’s investor relations website: http://investor.goodyear.com, for additional earnings materials.
The investor call can be accessed on the website or via telephone by calling either (833) 419-0865 or (785) 
838-9333 before 8:25 a.m. Eastern time and providing the conference ID “Goodyear.” A replay will be available 
by calling (800) 723-1517 or (402) 220-2659. The replay will also be available on Goodyear’s investor relations 
website.
About Goodyear
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its 
products in 48 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and 
Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology 
and performance standard for the industry. For more information about Goodyear and its products, go to 
www.goodyear.com/corporate.

6 

Forward-Looking Statements
Certain information contained in this news release constitutes forward-looking statements for purposes of the 
safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, 
many of which are beyond our control, that affect our operations, performance, business strategy and results 
and could cause our actual results and experience to differ materially from the assumptions, expectations and 
objectives expressed in any forward-looking statements. These factors include, but are not limited to: our 
ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and 
potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; 
delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn 
or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; 
a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, 
labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; 
changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any 
IEEPA tariff refund; foreign currency translation and transaction risks; our failure to comply with a material 
covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well 
as the effects of more general factors such as changes in general market, economic or political conditions or 
in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and 
Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current 
reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today 
and should not be relied upon as representing our estimates as of any subsequent date. While we may elect 
to update forward-looking statements at some point in the future, we specifically disclaim any obligation to 
do so, even if our estimates change.

7 

Non-GAAP Financial Measures (unaudited)
This news release presents non-GAAP financial measures, including Total Segment Operating Income and 
Margin, Adjusted Net Income (Loss), Adjusted Diluted Earnings Per Share (EPS), and organic earnings 
measures, which are important financial measures for the company but are not financial measures defined by 
U.S. GAAP, and should not be construed as alternatives to corresponding financial measures presented in 
accordance with U.S. GAAP. 
Total Segment Operating Income is the sum of the individual strategic business units’ (SBUs’) Segment 
Operating Income as determined in accordance with U.S. GAAP. Total Segment Operating Margin is Total 
Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management 
believes that Total Segment Operating Income and Margin are useful because they represent the aggregate 
value of income created by the company’s SBUs and exclude items not directly related to the SBUs for 
performance evaluation purposes. The most directly comparable U.S. GAAP financial measures to Total 
Segment Operating Income and Margin are Goodyear Net Income (Loss) and Return on Net Sales (which is 
calculated by dividing Goodyear Net Income (Loss) by Net Sales). 
Adjusted Net Income (Loss) is Goodyear Net Income (Loss) as determined in accordance with U.S. GAAP 
adjusted for certain significant items. Adjusted Diluted Earnings Per Share (EPS) is the company’s Adjusted 
Net Income (Loss) divided by Weighted Average Shares Outstanding-Diluted as determined in accordance 
with U.S. GAAP. Management believes that Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per 
Share (EPS) are useful because they represent how management reviews the operating results of the company 
excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, discrete tax items, 
impairments, asset sales and certain other significant items. 
Organic earnings measures, including organic Net Sales growth, are non-GAAP financial measures that 
exclude the direct impacts of the divestitures of the Dunlop brand and Chemical business from year-over-year 
comparisons. We believe these measures provide investors with a supplemental understanding of underlying 
earnings trends by providing comparisons on a constant basis. We completed the sale of the Dunlop brand 
and our Chemical business in May 2025 and October 2025, respectively.
It should be noted that other companies may calculate similarly-titled non-GAAP financial measures 
differently and, as a result, the measures presented herein may not be comparable to such similarly-titled 
measures reported by other companies. See the following tables for reconciliations of historical Total 
Segment Operating Income and Margin, Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share 
to the most directly comparable U.S. GAAP financial measures. 

8 

The Goodyear Tire & Rubber Company and Subsidiaries
Financial Tables (Unaudited)
Table 1: Consolidated Statements of Operations

Three Months Ended

Six Months Ended

June 30,

June 30,

(In millions, except per share amounts)

2026

2025

2026

2025

Net Sales

$4,250

$4,465

$8,131

$8,718

Cost of Goods Sold

3,569

3,705

6,757

7,218

Selling, Administrative and General Expense

703

692

1,371

1,342

Rationalizations

29

59

133

140

Interest Expense

105

112

200

227

Other (Income) Expense

22

31

31

56

Net (Gain) Loss on Asset Sales

(17)

(439)

(20)

(701)

Income (Loss) before Income Taxes

(161)

305

(341)

436

United States and Foreign Tax Expense

46

24

112

37

Net Income (Loss)

(207)

281

(453)

399

Less: Minority Shareholders’ Net Income (Loss)

(3)

27

—

30

Goodyear Net Income (Loss)

$(204)

$254

$(453)

$369

Goodyear Net Income (Loss) — Per Share of Common Stock

Basic

$(0.71)

$0.88

$(1.57)

$1.28

Weighted Average Shares Outstanding

289

287

289

287

Diluted

$(0.71)

$0.87

$(1.57)

$1.27

Weighted Average Shares Outstanding

289

290

289

290

9 

Table 2: Consolidated Balance Sheets

June 30,

December 31,

(In millions, except share data)

2026

2025

Assets:

Current Assets:

    Cash and Cash Equivalents

$861

$801

Accounts Receivable, less Allowance — $84 ($89 in 2025)

2,728

2,341

    Inventories:

          Raw Materials

633

616

          Work in Process

193

195

          Finished Products

3,090

2,761

3,916

3,572

    Assets Held for Sale

—

58

    Prepaid Expenses and Other Current Assets

407

446

          Total Current Assets

7,912

7,218

Goodwill

44

42

Intangible Assets

651

663

Deferred Income Taxes

352

348

Other Assets

1,121

1,096

Operating Lease Right-of-Use Assets

972

998

Property, Plant and Equipment, less Accumulated Depreciation — $12,400 ($12,390 in 2025)

7,598

7,843

          Total Assets

$18,650

$18,208

Liabilities:

Current Liabilities:

    Accounts Payable — Trade

$3,878

$3,879

    Compensation and Benefits

575

578

    Other Current Liabilities

1,215

1,259

    Notes Payable and Overdrafts

359

506

    Operating Lease Liabilities due Within One Year

191

196

    Long Term Debt and Finance Leases due Within One Year

1,059

364

          Total Current Liabilities

7,277

6,782

    Operating Lease Liabilities

832

862

    Long Term Debt and Finance Leases

5,772

5,328

    Compensation and Benefits

765

787

    Deferred Income Taxes

102

105

    Other Long Term Liabilities

901

941

          Total Liabilities

15,649

14,805

Commitments and Contingent Liabilities

Shareholders’ Equity:

Goodyear Shareholders’ Equity:

    Common Stock, no par value:

Authorized, 450 million shares, Outstanding shares — 288 million in 2026 (286 million in 2025)

288

286

    Capital Surplus

3,178

3,175

    Retained Earnings

2,907

3,360

    Accumulated Other Comprehensive Loss

(3,534)

(3,588)

          Goodyear Shareholders’ Equity

2,839

3,233

Minority Shareholders’ Equity — Nonredeemable

162

170

          Total Shareholders’ Equity

3,001

3,403

          Total Liabilities and Shareholders’ Equity

$18,650

$18,208

10 

Table 3: Consolidated Statements of Cash Flows

Six Months Ended

June 30,

(In millions)

2026

2025

Cash Flows from Operating Activities:

Net Income (Loss)

$(453)

$399

    Adjustments to Reconcile Net Income (Loss)  to Cash Flows from Operating Activities:

          Depreciation and Amortization

474

544

          Amortization and Write-Off of Debt Issuance Costs

6

10

          Provision for Deferred Income Taxes

(8)

(55)

          Net Pension Curtailments and Settlements

—

4

          Net Rationalization Charges

133

140

          Rationalization Payments

(123)

(204)

          Net (Gain) Loss on Asset Sales

(20)

(701)

          Operating Lease Expense

150

159

          Operating Lease Payments

(137)

(141)

          Pension Contributions and Direct Payments

(22)

(53)

    Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:

          Accounts Receivable

(340)

(498)

          Inventories

(340)

(512)

          Accounts Payable — Trade

60

(59)

          Compensation and Benefits

39

2

          Other Current Liabilities

(21)

312

          Other Assets and Liabilities

(18)

(65)

    Total Cash Flows from Operating Activities

(620)

(718)

Cash Flows from Investing Activities:

          Capital Expenditures

(342)

(466)

          Asset Dispositions

3

1,328

          Other Transactions

—

(25)

    Total Cash Flows from Investing Activities

(339)

837

Cash Flows from Financing Activities:

          Short Term Debt and Overdrafts Incurred

362

557

          Short Term Debt and Overdrafts Paid

(506)

(632)

          Long Term Debt Incurred

5,803

8,888

          Long Term Debt Paid

(4,630)

(8,925)

          Other Transactions

(9)

5

    Total Cash Flows from Financing Activities

1,020

(107)

Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash

(6)

26

    Net Change in Cash, Cash Equivalents and Restricted Cash

55

38

Cash, Cash Equivalents and Restricted Cash at Beginning of the Period

910

864

    Cash, Cash Equivalents and Restricted Cash at End of the Period

$965

$902

11 

Table 4: Reconciliation of Segment Operating Income & Margin

Three Months Ended

Six Months Ended

June 30,

June 30,

(In millions)

2026

2025

2026

2025

Total Segment Operating Income

$36

$159

$131

$354

    Less:

          Rationalizations

29

59

133

140

          Interest Expense

105

112

200

227

          Other (Income) Expense

22

31

31

56

          Net (Gain) Loss on Asset Sales

(17)

(439)

(20)

(701)

          Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net

—

41

16

87

          Corporate Incentive Compensation Plans

8

20

31

36

          Retained Expenses of Divested Operations

3

1

6

3

          Other

47

29

75

70

Income (Loss) before Income Taxes

$(161)

$305

$(341)

$436

United States and Foreign Tax Expense

46

24

112

37

Less: Minority Shareholders' Net Income (Loss)

(3)

27

—

30

Goodyear Net Income (Loss)

$(204)

$254

$(453)

$369

Net Sales

$4,250

$4,465

$8,131

$8,718

Return on Net Sales

(4.8)%

5.7%

(5.6)%

4.2%

Total Segment Operating Margin

0.8%

3.6%

1.6%

4.1%

12 

Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share
Second Quarter 2026

(In millions, except  per share amounts)

As 
Reported

Rationalizations, 
Asset Write-offs, 
Accelerated 
Depreciation and 
Leases

Colombia 
Labor Strike

Indirect Tax 
Settlements 
and Discrete 
Tax Items

Asset and 
Other Sales

As Adjusted

Net Sales

$4,250

$—

$—

$—

$—

$4,250

Cost of Goods Sold

3,569

—

(7)

—

—

3,562

Gross Margin

681

—

7

—

—

688

SAG

703

—

—

—

—

703

Rationalizations

29

(29)

—

—

—

—

Interest Expense

105

—

—

—

—

105

Other (Income) Expense

22

—

—

—

—

22

Net (Gain) Loss on Asset Sales

(17)

—

—

—

17

—

Pre-tax Income (Loss)

(161)

29

7

—

(17)

(142)

Taxes

46

—

—

(5)

(3)

38

Minority Interest

(3)

—

—

—

—

(3)

Goodyear Net Income (Loss)

$(204)

$29

$7

$5

$(14)

$(177)

EPS

$(0.71)

$0.10

$0.02

$0.02

$(0.04)

$(0.61)

Second Quarter 2025

(In millions, except per share amounts)

As 
Reported

Rationalizations, 
Asset Write-offs, 
Accelerated 
Depreciation 
and Leases

Goodyear 
Forward and 
Other 
Transaction 
Costs

Indirect Tax 
Settlements 
and 
Discrete Tax 
Items

Asset and 
Other Sales

As 
Adjusted

Net Sales

$4,465

$—

$—

$—

$—

$4,465

Cost of Goods Sold

3,705

(40)

—

—

—

3,665

Gross Margin

760

40

—

—

—

800

SAG

692

(1)

(3)

—

—

688

Rationalizations

59

(59)

—

—

—

—

Interest Expense

112

—

—

—

—

112

Other (Income) Expense

31

—

(2)

—

—

29

Net (Gain) Loss on Asset Sales

(439)

—

—

—

439

—

Pre-tax Income (Loss)

305

100

5

—

(439)

(29)

Taxes

24

8

2

4

(21)

17

Minority Interest

27

—

—

—

(25)

2

Goodyear Net Income (Loss)

$254

$92

$3

$(4)

$(393)

$(48)

EPS

$0.87

$0.33

$0.01

$(0.02)

$(1.36)

$(0.17)

13 

Six Months 2026

(In millions, except  per share amounts)

As 
Reported

Rationalizations, 
Asset Write-offs, 
Accelerated 
Depreciation and 
Leases

Indirect Tax 
Settlements and 
Discrete Tax Items

Colombia 
Labor Strike

Asset and 
Other Sales

As Adjusted

Net Sales

$8,131

$—

$—

$—

$—

$8,131

Cost of Goods Sold

6,757

(15)

(8)

(7)

—

6,727

Gross Margin

1,374

15

8

7

—

1,404

SAG

1,371

(1)

—

—

—

1,370

Rationalizations

133

(133)

—

—

—

—

Interest Expense

200

—

—

—

—

200

Other (Income) Expense

31

—

—

—

—

31

Net (Gain) Loss on Asset Sales

(20)

—

—

—

20

—

Pre-tax Income (Loss)

(341)

149

8

7

(20)

(197)

Taxes

112

8

(25)

—

(3)

92

Minority Interest

—

1

—

—

—

1

Goodyear Net Income (Loss)

$(453)

$140

$33

$7

$(17)

$(290)

EPS

$(1.57)

$0.48

$0.12

$0.02

$(0.05)

$(1.00)

Six Months 2025

(In millions, except per share amounts)

As 
Reported

Rationalizations, 
Asset Write-offs, 
Accelerated 
Depreciation 
and Leases

Goodyear 
Forward and 
Other 
Transaction 
Costs

Pension 
Settlement 
Charges 

Indirect Tax 
Settlements 
and 
Discrete Tax 
Items

Asset and 
Other Sales

As 
Adjusted

Net Sales

$8,718

$—

$—

$—

$—

$—

$8,718

Cost of Goods Sold

7,218

(83)

—

—

—

—

7,135

Gross Margin

1,500

83

—

—

—

—

1,583

SAG

1,342

(4)

(5)

—

—

—

1,333

Rationalizations

140

(140)

—

—

—

—

—

Interest Expense

227

—

—

—

—

—

227

Other (Income) Expense

56

—

(6)

(4)

—

—

46

Net (Gain) Loss on Asset Sales

(701)

—

—

—

—

701

—

Pre-tax Income (Loss)

436

227

11

4

—

(701)

(23)

Taxes

37

30

3

1

5

(46)

30

Minority Interest

30

1

—

—

—

(25)

6

Goodyear Net Income (Loss)

$369

$196

$8

$3

$(5)

$(630)

$(59)

EPS

$1.27

$0.69

$0.03

$0.01

$(0.02)

$(2.19)

$(0.21)