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Goodyear lost $291 million in Q4 2023, but EMEA improvements

Author: Chris Anthony Comments: 0
fourth-quarter 2023 financial results summary (Source: Goodyear)

Goodyear’s fourth-quarter 2023 sales decreased 4.8 per cent compared to the previous year driven by “the impact of lower replacement volume and lower third-party chemical sales”. That and other factors resulted in a fourth-quarter 2023 net loss of $291 million compared to a net loss of $104 million – 180 per cent worse than the figure a year ago.

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Related news:

  1. Integration on-track: Goodyear reports 16% growth plus greater synergies from Cooper Tire acquisition
  2. Goodyear reports 42% net sales increase in 2021, EMEA back in black
  3. Goodyear to cut 5% of salaried staff globally, $80 million 4Q loss expected in EMEA
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