Goodyear Tire & Rubber Co Expects To Substantially Complete This Rationalization Plan By End Of 2024; Estimates Total Pre-Tax Charges Associated With Action To Be Between $55M-$65M
Portfolio Pulse from Benzinga Newsdesk
Goodyear Tire & Rubber Co (GT) has announced a rationalization plan which it expects to complete by the end of 2024. The company estimates that the total pre-tax charges associated with this action will be between $55M-$65M, according to an SEC filing.
September 22, 2023 | 8:40 pm
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Goodyear's rationalization plan, expected to be completed by 2024, will result in pre-tax charges of $55M-$65M. This could impact the company's financial performance and potentially its stock price.
The rationalization plan announced by Goodyear is a significant financial move that will result in pre-tax charges of $55M-$65M. This could potentially affect the company's profitability and, in turn, its stock price. The impact is likely to be negative in the short term as the market reacts to the potential financial implications of the plan.
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