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1 FOR IMMEDIATE RELEASE GLOBAL HEADQUARTERS : 200 INNOVATION WAY , AKRON , OHIO 44316-0001 MEDIA WEBSITE : WWW.GOODYEARNEWSROOM.COM MEDIA CONTACT : ED MARKEY 330.796.8801 EMARKEY@GOODYEAR.COM ANALYST CONTACT : NICHOLAS MITCHELL 330.796.5512 NICHOLAS MITCHELL@GOODYEAR.COM NEWS RELEASE GOODYEAR REPORTS THIRD QUARTER 2021 RESULTS Net sales growth of 42 % compared with the third quarter of 2020 , 16 % growth excluding the Cooper Tire transaction Exhibit 99.1 Goodyear net income of $ 132 million ; adjusted net income of $ 206 million Merger - adjusted segment operating income of $ 449 million Global consumer replacement volume continued to exceed industry , driven by large - rim diameter volume Price / mix exceeds raw materials by more than $ 165 million ; revenue per tire ( excluding currency impact ) up 10 % versus third quarter of 2020 Expected synergies from Cooper Tire combination increase 50 % to $ 250 million AKRON , Ohio , Nov. 5 , 2021 – The Goodyear Tire & Rubber Company today reported results for the third quarter and first nine months of 2021 . " We continued to capitalize on favorable industry trends in our key replacement markets , " said Richard J. Kramer , chairman , chief executive officer and president . " Overall consumer replacement demand remains robust , and our business continues to have momentum . We delivered our strongest price / mix in nearly a decade , more than offsetting inflationary pressures and driving strong earnings performance . " " With the transportation industry moving record freight volume , we also saw robust demand from our largest commercial customers . As a result , our commercial business delivered another strong quarter , with fleet tire volume well above pre - pandemic levels , " added Kramer . " In addition to positive trends in our business , we also expect to benefit from increased synergies as a result of our combination with Cooper Tire , which include added international initiatives and manufacturing and sales opportunities , " said Kramer . ( more ) GOOD YEAR