GOODYEAR TIRE & RUBBER CO /OH/ [GT] has reported a net loss of $687.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $0.0
Based in AKRON, Ohio, GOODYEAR TIRE & RUBBER CO /OH/ operates in the MANUFACTURING sector.
In the annual report for the 12 months ended December 31, 2023, compared to the same period in the previous year:
Net Sales amounted to $20.066 million in 2023, a slight decrease from $20.805 million in 2022 and an increase from $17.478 million in 2021.
Cost of Goods Sold was reported at $16.557 million in 2023, down from $16.953 million in 2022 and higher than $13.692 million in 2021.
Operating Income before Income Taxes showed a loss of $677 million in 2023, a significant decline from an income of $399 million in 2022 and a decrease from $513 million in 2021.
Net Income for the period was a loss of $687 million in 2023, down from a profit of $209 million in 2022 and a decrease from $780 million in 2021.
Earnings per share (EPS) for basic and diluted amounts were reported at $(2.42) in 2023, whereas it was $0.71 in 2022 and $2.92 in 2021 for basic EPS. The weighted average shares outstanding for basic EPS were 285 in 2023, 284 in 2022, and 261 in 2021.
Similarly, the diluted EPS was also $(2.42) in 2023, $0.71 in 2022, and $2.89 in 2021. The weighted average shares outstanding for diluted EPS were 285 in 2023, 286 in 2022, and 264 in 2021.
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