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The Goodyear Tire & Rubber Company (NASDAQ: GT) reported a first quarter 2024 net loss of $57 million, with an adjusted net income of $29 million. The segment operating income was $247 million, reflecting a strong performance. The Americas segment operating income more than doubled from the prior year to $179 million, with a segment operating margin of ~7.0%. The Asia Pacific segment operating margin increased by 350 basis points to 10.0%. The Goodyear Forward transformation initiatives delivered $72 million. The company's first quarter 2024 sales were $4.5 billion with tire unit volumes totaling 40.4 million.
The Goodyear Tire & Rubber Company (NASDAQ: GT) will announce its first quarter 2024 financial results after market close on May 6, followed by an investor conference call on May 7. The Company employs 71,000 people across 22 countries and operates two Innovation Centers. For more information, visit www.goodyear.com/corporate.
