Tag Archives: NASDAQ: GT

The Goodyear Tire & Rubber Company (NASDAQ: GT) today posted a Q2 2025 loss of $48 million compared to a net income of $48 million in Q2 of 2024. Goodyear during H1 2025  had net sales of $8.7 billion, with tire unit volumes totaling 76.4 million. Goodyear net income was $369 million ($1.27 per share) compared to Goodyear net income of $10 million (4 cents per share) a year ago. Goodyear’s first six months 2025 saw net sales of$8.7 billion, with tire unit volumes totaling 76.4 million. Goodyear net income was $369 million ($1.27 per share) compared to Goodyear net income of $10 million (4 cents per share) a year ago. Nonetheless, the stock market punished the stock dropping it ~17% from the previous day closing as the impending Trump tariff recession appears to be underway. Tariff costs at Goodyear are now estimated at, gulp, $350,000,000 for 2025.
“The second quarter proved challenging in both our consumer and commercial businesses, driven by industry disruption stemming from shifts in global trade – including a surge of low-cost imports across our key markets,” said Mark Stewart, Goodyear CEO. “We expect conditions to stabilize in the coming quarters, and we see clear opportunity ahead as we capitalize on our strong U.S. manufacturing footprint. We continue to expect to exceed the original goals for Goodyear Forward both in terms of cost savings and proceeds from asset sales.” Continue reading →