Goodyear plans plant closures, expects $55M–$75M charges

The plan includes approximately 85 job reductions, with most related cash outflows expected by the end of 2027.

Rhea-AI Filing Summary

The Goodyear Tire & Rubber Company (GT) approved a plan on September 29, 2026, to close its chemical manufacturing facilities in Niagara Falls, New York, and Bayport, Texas; the plan includes approximately 85 job reductions. Goodyear estimates total pre-tax charges of $55 million to $75 million, including approximately $30 million in expected cash charges, with the remaining costs expected to be non-cash charges.

Goodyear expects to substantially complete the plan by the end of 2027. It expects to record approximately $35 million of pre-tax charges in the third quarter of 2026 and approximately $15 million during the remainder of 2026, with the majority of related cash outflows expected by the end of 2027. The actions are expected to improve Americas segment operating income by approximately $15 million to $20 million annually beginning in 2027.

1 point · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Americas operating-income improvement: $15 million to $20 million annually beginning in 2027.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Approximately 85 job reductions; $55 million to $75 million in pre-tax charges. 3.8% of market cap

8-K Event Classification

Item 2.05 — Costs Associated with Exit or Disposal Activities

1 item

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Key Figures

Job reductions: Approximately 85 Total pre-tax charges: $55 million to $75 million Expected cash charges: Approximately $30 million +4 more

7 metrics

Job reductions Approximately 85 Included in the Niagara Falls and Bayport closure plan

Total pre-tax charges $55 million to $75 million Estimated charges associated with the plan

Expected cash charges Approximately $30 million Primarily plant decommissioning, associate-related and other exit costs

Third-quarter 2026 pre-tax charges Approximately $35 million Expected to be recorded in the third quarter of 2026

Remainder-of-2026 pre-tax charges Approximately $15 million Expected during the remainder of 2026

Annual Americas segment operating-income improvement Approximately $15 million to $20 million Expected annually beginning in 2027

Substantial completion By the end of 2027 Expected timing for completion of the rationalization plan

Key Terms

pre-tax charges, accelerated depreciation, cash outflows, Americas segment operating income

4 terms

pre-tax charges financial

"total pre-tax charges associated with this action"

Pre-tax charges are expenses a company records on its income statement before calculating income taxes; they reduce pretax profit and include items like write-downs, restructuring costs, impairments, or large legal settlements. They matter to investors because they can sharply change reported earnings in a single period, so looking past one-time or non-operational pre-tax charges helps compare underlying business performance, similar to spotting a one-off bill that temporarily cuts into a household’s monthly income.

accelerated depreciation financial

"non-cash charges primarily for accelerated depreciation"

A method that lets a business record larger portions of an asset’s cost as expenses in the early years of its life rather than spreading them evenly over time. Like taking bigger slices of a cake up front, it reduces reported profit initially but often lowers taxes and boosts near-term cash flow, which can change investors’ views of profitability, valuation and the timing of returns on capital.

cash outflows financial

"The majority of the cash outflows associated with this plan"

Americas segment operating income financial

"improve Americas segment operating income"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much does Goodyear (GT) expect its facility closures to cost?

Goodyear estimates total pre-tax charges of $55 million to $75 million. Approximately $30 million is expected to be cash charges, primarily for plant decommissioning, associate-related and other exit costs; the remaining costs are expected to be non-cash charges, primarily for accelerated depreciation and other asset-related charges.

When does Goodyear (GT) expect to record charges for the closures?

Goodyear expects to record approximately $35 million of pre-tax charges in the third quarter of 2026 and approximately $15 million during the remainder of 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 04:23 PM Accepted by SEC EDGAR 10/01/2026 - 04:22 PM Learn about SEC filing dates

false000004258200000425822026-09-292026-09-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): September 29, 2026

___________________________________

The Goodyear Tire & Rubber Company

(Exact name of registrant as specified in its charter)

___________________________________

Ohio			1-1927			34-0253240
(State or other jurisdiction of incorporation or organization)			(Commission File Number)			(I.R.S. Employer Identification Number)
200 Innovation Way Akron, Ohio 44316-0001
(Address of principal executive offices and zip code)
(330) 796-2121
(Registrant's telephone number, including area code)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol			Name of each exchange on which registered
Common Stock, Without Par Value			GT			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.05    Costs Associated with Exit or Disposal Activities.

On September 29, 2026, The Goodyear Tire & Rubber Company (the “Company”) approved a plan to close its chemical manufacturing facilities in Niagara Falls, New York (“Niagara Falls”) and Bayport, Texas (“Bayport”). The plan includes approximately 85 job reductions. The Company expects to substantially complete this rationalization plan by the end of 2027 and estimates the total pre-tax charges associated with this action to be between $55 million and $75 million, of which approximately $30 million is expected to be cash charges primarily for plant decommissioning and associate-related and other exit costs, and the remaining costs are expected to be non-cash charges primarily for accelerated depreciation and other asset-related charges. The Company expects to record approximately $35 million of pre-tax charges in the third quarter of 2026 and approximately $15 million of pre-tax charges during the remainder of 2026. The majority of the cash outflows associated with this plan will occur by the end of 2027. These actions are expected to improve Americas segment operating income by approximately $15 million to $20 million annually beginning in 2027.

Safe Harbor Statement

Certain information contained in this Current Report on Form 8-K may constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995, including those statements regarding the expected amounts of charges and savings resulting from the plan. All forward-looking statements are based on management’s estimates, projections and assumptions as of the date hereof. There are a variety of factors, many of which are beyond the Company’s control, which could affect its operations, performance, business strategy and results and could cause its actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including but not limited to the risks and other factors described in the Company’s filings with the Securities and Exchange Commission, including the Company’s 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 management’s estimates only as of today and should not be relied upon as representing management’s estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, even if management’s estimates change.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			THE GOODYEAR TIRE & RUBBER COMPANY
Date: October 1, 2026			By:			/s/ Daniel T. Young
			Name:			Daniel T. Young
			Title:			Secretary

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB