Goodyear Announces Q3 2024 Results, Increases Goodyear Forward Targets
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Goodyear reported a Q3 2024 net loss of $34 million but an adjusted net income of $105 million. The company saw a segment operating income of $347 million with a margin of 7.2%, marking the fourth consecutive quarter of margin expansion. Goodyear has increased its Forward targets and is optimizing its portfolio.
November 05, 2024 | 12:30 pm
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Goodyear reported a Q3 2024 net loss but showed strong adjusted net income and operating income growth. The company increased its Forward targets, indicating confidence in future performance.
Despite a net loss, Goodyear's adjusted net income and operating income growth, along with increased Forward targets, suggest a positive outlook. The consistent SOI margin expansion indicates operational improvements, likely boosting investor confidence.
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