Goodyear Tire & Rubber — Feb 13, 2025 release

Goodyear Forward Goodyear Forward is a transformation plan designed to deliver significant margin expansion, optimize the company’s portfolio, and reduce leverage to drive substantial shareholder value creation. Goodyear Forward is expected to deliver $1.5 billion in annual run-rate benefits driven by cost actions and margin expansion, segment operating margin of 10%, gross proceeds in excess of $2 billion from portfolio optimization, and a net leverage ratio of 2.0x to 2.5x, all by the end of 2025. In 2024, several actions were taken to drive significant progress on the Goodyear Forward plan. Segment operating income in 2024 reflects Goodyear Forward benefits of $480 million. Definitive agreements were reached to divest two non-core assets identified during the company’s comprehensive strategic review, and on February 3, 2025, the sale of the off-the-road tire business to The Yokohama Rubber Company successfully closed. The sale of the Dunlop brand to Sumitomo Rubber Industries is anticipated to close by mid-2025. Conference Call The Company will host an investor call on Friday, February 14 at 9:00 a.m. ET. Please visit Goodyear’s investor relations website: http://investor.goodyear.com , for additional earnings materials. Participating in the conference call will be Mark W. Stewart, chief executive officer and president, and Christina L. Zamarro, executive vice president and chief financial officer. The investor call can be accessed on the website or via telephone by calling either (800) 579-2543 or (785) 424-1789 before 8:55 a.m. and p