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Goodyear Tire & Rubber — Feb 13, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-026120
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Deleveraging
“significant deleveraging expected”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 5
Deleveraging for FY2025
“significant deleveraging expected”
Annual run-rate benefits from Goodyear Forward for FY2025
“$1.5 billion”
Goodyear Forward segment operating margin for FY2025
“10%”
Goodyear Forward net leverage ratio for FY2025
“2.0x to 2.5x”
Dunlop brand sale to Sumitomo Rubber Industr… for FY2025
“anticipated to close by mid-2025”
Exhibit 99.1 · the passage around this item
… earlier in the release
plan >    GLOBAL HEADQUARTERS: 200 INNOVATION WAY, AKRON, OHIO 44316-0001    Fourth quarter cash flows from operating activities of $1.3 billion   Company reaffirms expanded Goodyear Forward targets, significant deleveraging expected in 2025 >    MEDIA WEBSITE: WWW.GOODYEARNEWSROOM.COM   >    MEDIA CONTACT: DOUG GRASSIAN 330.796.3855 DOUG_GRASSIAN@GOODYEAR.COM   >    ANALYST CONTACT: GREG SHANK 330.796.5008 GREG_SHANK@GOODYEAR.COM    AKRON, Ohio, February 13, 2025 – The Goodyear Tire & Rubber Company reported fourth quarter 2024 results today and the company will host an investor call tomorrow morning at 9:00 a.m. eastern time led by Mark Stewart, Goodyear’s chief executive officer and president, and Christina Zamarro, the company’s executive vice president and chief financial officer. The management team will share insights on fourth quarter performance and progress on the Goodyear Forward transformation plan.   “As I reflect on my first year at Goodyear, I am pleased with the progress we have made. We exceeded our full year 2024 Goodyear Forward expectations and raised our targets for 2025, grew earnings and segment operating margins across all business units, and successfully reached agreements to divest non-core assets as part of our comprehensive strategic review. Moving forward, we remain committed to achieving our expanded Goodyear Forward targets, including further mar
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other guidance in this release
Text is the filed exhibit, verbatim.