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Goodyear Reports Fourth Quarter, Full-Year 2020 Results
February 9, 2021 GMT
The Goodyear Tire & Rubber Company, Akron, Ohio, USA. (PRNewsFoto/Goodyear Tire & Rubber Company)
AKRON, Ohio, Feb. 9, 2021 /PRNewswire/ The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full year of 2020.
“We delivered strong performance to end a challenging year,” said Richard J. Kramer, chairman, chief executive officer and president. “With a determination to win with our products in the marketplace and a relentless focus on cost and cash, we finished the year on a high note.
The full-year loss for 2020 reflects several significant one-time items, include $625 million in non-cash charges and a $159 million rationalization charge tied to the closing of its tire factory in Gadsden, the company said.