Debt Reduction StrategyMuch of Goodyear's targeted deleveraging strategy hinges on the sale of its Off-the-Road (OTR) business, Chemicals division, and Dunlop family of brands, which are required to pay down the debt and reduce leverage.
Financial PerformanceGoodyear reports 3Q24 Free Cash Flow of $(340)m versus consensus of $195m, with the Free Cash Flow miss likely to keep shares muted.
Market CompetitionThe tire market could see a somewhat softer environment, with market share gains of cheap, low-cost competitors being a prevalent theme.