Goodyear Announces Q4 2024 and Full-Year 2024 Results
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Goodyear Tire & Rubber Company reported its Q4 2024 and full-year 2024 financial results, showing a net income of $70 million for the year and $76 million for Q4. The company achieved a full-year adjusted net income of $302 million and a Q4 adjusted net income of $114 million. Goodyear's operating margin expanded across all business units, and the Goodyear Forward initiative exceeded its 2024 benefits plan. The company generated $1.3 billion in cash flows from operating activities in Q4 and expects significant deleveraging in 2025.
February 13, 2025 | 10:30 pm
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Goodyear reported strong Q4 2024 results with a net income of $76 million and $1.3 billion in cash flows. The Goodyear Forward initiative exceeded its 2024 benefits plan, and the company expects significant deleveraging in 2025.
The strong financial performance in Q4 2024, including a significant net income and cash flow, along with the success of the Goodyear Forward initiative, suggests a positive short-term impact on Goodyear's stock price. The company's reaffirmation of its targets and expected deleveraging in 2025 further supports investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100