Goodyear Tire & Rubber Co Proposed Plan Will Lead To Exit Of Nine Warehouse Locations, Sale Or Exit Of About 100 Retail And Fleet Store Locations; Actions Are Expected To Improve Asia Pacific's Segment Operating Income By ~$50M-$55M In 2025
Portfolio Pulse from Benzinga Newsdesk
Goodyear Tire & Rubber Co has proposed a plan that will result in the exit of nine warehouse locations and the sale or exit of about 100 retail and fleet store locations. These actions are expected to improve the company's Asia Pacific segment operating income by approximately $50M-$55M in 2025, according to an SEC filing.
September 22, 2023 | 8:41 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Goodyear's plan to exit certain locations and sell others is expected to improve its Asia Pacific segment's operating income by $50M-$55M in 2025.
The company's decision to exit and sell certain locations is a strategic move to improve profitability. This is expected to have a positive impact on the company's financial performance, particularly in the Asia Pacific region, which could lead to a potential increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100