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Goodyear Tire & Rubber — Aug 5, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-26-053379
Open on SEC.gov ↗
Showing in the filing
Manufacturing footprint optimization expected annual savings
“~$270 million”
Period
FY2028
Measure
Company-defined measure
Source
Prose
All guidance in this release · 8
Manufacturing footprint optimization expecte… for FY2028
“~$270 million”
Americas SOI improvement for FY2027
“approximately $90 million”
Fayetteville facility closure - expected Ame… for FY2027
“approximately $90 million”
Americas SOI improvement for FY2028
“approximately $270 million annually”
Fayetteville facility closure - expected Ame… for FY2028
“approximately $270 million annually”
Total pre-tax charges
“between $535 million and $565 million”
Cash costs
“$190 million to $210 million”
Fayetteville facility closure - expected com… for FY2027
“substantially completed by the end of 2027”
Exhibit 99.1 · the passage around this item
… earlier in the release
cific and improvement in EMEA offset by moderating headwinds in the Americas Goodyear Forward delivered $95 million of benefits ; manufacturing footprint optimization is underway with recently announced action providing ~$270 million in expected annual savings by 2028 AKRON, Ohio, August 5, 2026 – The Goodyear Tire & Rubber Company (NASDAQ:GT) reported second quarter 2026 results today and the company will host an investor call tomorrow morning, Thursday, August 6, at 8:30 a.m. Eastern time led by Mark Stewart, Goodyear’s chief executive officer and president, and Scott Deakin, the company’s interim executive vice president and chief financial officer. "We delivered second quarter results in line with our expectations, reflecting continued improvement in Asia Pacific and EMEA," said Stewart. "We're taking actions to improve performance in a competitive environment by strengthening our product lineup, building on original equipment growth across regions, and optimizing our manufacturing footprint. These actions are designed to strengthen our competitive position and deliver stronger profitability over time." Financial Results Goodyear's second quarter 2026 net sales were $4.3 billion , with tire unit volumes totaling 36.5 million . After adjusting for the impact of the sales of its Chemical business and the Dunlop brand of $153 million, organic net sales decreased 1.4% as a result of lower tire unit volume. 2 S
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.