Goodyear Tire & Rubber — May 7, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-114964
Showing in the filing
Net leverage ratio (Goodyear Forward target)
“2.0x to 2.5x”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 5
Segment operating margin for Q4 FY2025
“10 percent”
Leverage for Q4 FY2025
“2.0x-2.5x”
Annual run-rate benefits from Goodyear Forward for FY2025
“$1.5 billion”
Segment operating margin (Goodyear Forward t… for FY2025
“10%”
Net leverage ratio (Goodyear Forward target) for FY2025
“2.0x to 2.5x”
Exhibit 99.1 · the passage around this item
… earlier in the release
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. First quarter segment operating income reflects Goodyear Forward benefits of $200 million. In addition, on February 3,
2025, the sale of the OTR tire business to The Yokohama Rubber Company successfully closed; gross cash proceeds received at closing totaled $905 million. Similarly, on May 7, 2025, the sale of the Dunlop brand to Sumitomo Rubber
Industries, Ltd., was completed; gross cash proceeds received at closing totaled $735 million. Goodyear intends to use the transaction proceeds to reduce leverage and fund initiatives in connection with the Goodyear Forward transformation plan.
Conference Call The Company will host an
investor call on Thursday, May 8 at 8:30 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)
343-4136 or (203) 518-9843 before 8:25 a.m. and providing the conference ID “Goodyear.” A replay
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.