Goodyear Tire & Rubber — Feb 13, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-026120
Showing in the filing
Dunlop brand sale to Sumitomo Rubber Industries
“anticipated to close by mid-2025”
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
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 providing the conference ID “Goodyear.” A replay will be available by
calling (800) 934-4245 or (402) 220-1173. The replay will also be available on the website.
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About Goodyear
Goodyear is one of the world’s largest tire companies. It employs about 68,000 people and manufactures its products in 53 facilities in 20 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 p
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.