Goodyear Tire (GT) Tops Q1 EPS by 11c

Goodyear Tire (NASDAQ: GT) reported Q1 EPS of $0.10, $0.11 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $4.54 billion versus the consensus estimate of $4.78 billion.

Segment operating income of $247 million, up $122 million compared to the first quarter of 2023

Americas segment operating income of $179 million, more than double prior year of $79 million; segment operating margin of ~7.0%

Segment operating margin in Asia Pacific of 10.0%, up 350 basis points

Goodyear Forward transformation initiatives delivered $72 million

For earnings history and earnings-related data on Goodyear Tire (GT) click here.

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