Goodyear Tire & Rubber

Goodyear Tire & Rubber Co. engages in the development, manufactures, distribution, and sale of tires. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.

Earnings data Q1 2021

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Goodyear projects $400M free cash flow in 2023 amid market challenges

Goodyear projects $400 million in free cash flow for 2023 amid challenges in market demand and energy inflation. The company targets high-return projects in the Americas and Asia-Pacific with a $1 billion CapEx. Strategic focus on cost efficiency, product innovation, and leveraging Cooper and Goodyear strengths for market benefits shape Goodyear's outlook.

Goodyear projects improved Q2 performance amid industry challenges and opportunities

Goodyear anticipates a better performance in Q2 with improving demand and volume trends. The company is strategically managing costs and pricing strategies to enhance profitability. Strong integration outcomes and positive industry positioning are key highlights.

Goodyear faces challenges from channel destocking but sees growth opportunities

Goodyear's Q2 2023 Earnings Call highlighted challenges from channel destocking and volume weakness, offset by positive OE business performance in key markets. The company faces industry and market dynamics impacting consumer and commercial replacement volumes, particularly in Europe. Strategic reviews and a focus on maintaining pricing amid raw material cost fluctuations demonstrate proactive measures to navigate uncertainties and drive growth.

Goodyear plans strategic review amid focus on premium market segment

Goodyear Tire & Rubber's Q3 2023 Earnings Call highlighted a proactive approach to addressing risks and uncertainties, with a focus on operational efficiency and the premium market segment. While challenges in European business performance and restructuring efforts were noted, opportunities for growth and cost savings were also identified.

Goodyear Tire & Rubber reports stable market share and strategic focus

Goodyear Tire & Rubber's Q4 earnings call highlighted stable market share, strategic focus on cost efficiency, and execution of the Goodyear Forward plan. The new CEO's leadership direction and CFO's insights on market performance and future growth underscore a commitment to operational excellence. Analyst inquiries and strategic adjustments in CapEx and restructuring spending indicate a proactive stance towards addressing challenges and capitalizing on opportunities.

Goodyear reports solid Q3 performance amidst financial challenges and opportunities

Goodyear's Q3 performance reflects a mix of strengths, challenges, and opportunities in its financial outlook and operational strategies.
The company's focus on margin expansion, premium offerings, and cost-saving initiatives align with its long-term profitability goals.
While facing challenges like debt repayment and restructuring costs, Goodyear is poised to leverage opportunities for growth and efficiency.
Strategic initiatives, strong retail performance, and a resilient cash flow outlook position Goodyear for continued financial stability and potential expansion.

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Goodyear Tire & Rubber Co. engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America. The Europe, Middle East, and Africa segment focuses on the development, manufacture, distribution, and sale of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving, mining, and industrial equipment throughout Europe, the Middle East, and Africa. The Asia Pacific segment refers to the development, manufacture, distribution, and sales of tires for automobiles, trucks, buses, aircraft, farm, earthmoving, mining, and industrial equipment throughout the Asia Pacific region. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.

As daylight saving time ends, new Roll by Goodyear tire installation service helps time-strapped drivers realize the possibilities an extra hour can lend AKRON, Ohio , Nov. 2, 2022 /PRNewswire/ -- Clocks across Florida "fall back" one hour on Nov. 6 as daylight saving time ends, a welcome change for the 57% of Jacksonville and Orlando residents who feel they do not have enough time to finish daily tasks, according to a new study from Goodyear (NASDAQ: GT). To better understand how locals can benefit from an extra hour in their day, Roll by Goodyear, a new time-saving tire installation service in Jacksonville and Orlando, surveyed* more than 1,000 local residents ahead of what could be the final year the clocks change in Florida for daylight saving.

THE VAST MAJORITY OF ORLANDO AND JACKSONVILLE RESIDENTS WOULD GIVE UP SOCIAL MEDIA, TV OR THEIR PHONE IN EXCHANGE FOR AN EXTRA HOUR IN THEIR DAY, ACCORDING TO RECENT SURVEY

Higher costs and strong-dollar issues pushed third-quarter earnings below expectations.

Why Goodyear Stock Is Falling Today

Shares of Goodyear Tire & Rubber Co. fell more than 10% on Tuesday, on track for their worst finish in nearly a month, as Wall Street worried about lower volumes for the tire maker.

Goodyear stock drops to lowest level in a month as sales volumes worry Wall Street

Goodyear Tire & Rubber Co (NASDAQ:GT ) Q3 2022 Earnings Conference Call November 1, 2022 8:00 AM ET Company Participants Richard Kramer - Chairman, CEO & President Darren Wells - EVP & CFO Conference Call Participants Rod Lache - Wolfe Research Emmanuel Rosner - Deutsche Bank James Picariello - BNP Itay Michaeli - Citigroup Operator Good morning. My name is Nicky, and I will be your conference operator today.

Goodyear Tire & Rubber Co (GT) Q3 2022 Earnings Call Transcript

Goodyear (GT) delivered earnings and revenue surprises of -34.43% and 4.70%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Goodyear (GT) Q3 Earnings and Revenues Lag Estimates

Goodyear Tire & Rubber Co. GT, +1.44% shares fell 11% in the extended session Monday after the tire maker reported third-quarter earnings below Wall Street expectations and said "challenges" with inflation and a stronger dollar remain. Goodyear earned $44 million, or 16 cents a share, in the quarter, compared with $132 million, or 46 cents a share, in the year-ago period.

Goodyear stock falls 11% after Q3 results disappoint on inflation, stronger dollar

AKRON, Ohio , Oct. 31, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the third quarter of 2022 in an Investor Letter published to its investor relations website: http://investor.goodyear.com. The Company will host an investor call on Tuesday, Nov. 1 at 8 a.m.

GOODYEAR REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS

Goodyear (GT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Goodyear (GT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

AKRON, Ohio , Oct. 18, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report third quarter 2022 financial results after market close on Monday, Oct. 31, followed by an investor conference call at 8 a.m. EDT on Tuesday, Nov. 1.

GOODYEAR TO ANNOUNCE THIRD QUARTER 2022 FINANCIAL RESULTS

Goodyear (GT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Goodyear (GT) is Poised to Beat Earnings Estimates Again

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Video starring Robert Griffin III and 'Road Tested' sweepstakes inspire fans to give their take on college football's most challenging road game environment AKRON, Ohio , Sept. 28, 2022 /PRNewswire/ -- This college football season, The Goodyear Tire & Rubber Company (NASDAQ: GT) is celebrating the fans and players that venture from their home stadiums to take on the challenges of road games each week.

GOODYEAR SURVEY UNCOVERS COLLEGE FOOTBALL'S TOUGHEST ROAD GAME ENVIRONMENTS, ASKS FANS TO WEIGH IN

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Goodyear most likely will not have its best year this FY22; however, the company remains fundamentally strong thanks to its improving product portfolio. It benefits from increased EV investment and relaxed Covid-19 restrictions in China, which boosts GT's demand environment.

The Goodyear Tire & Rubber Is Bouncing Strong In The EV Industry

Program Celebrates Professional Truck Drivers' Extraordinary Acts of Courage  AKRON, Ohio , Sept. 15, 2022 /PRNewswire/ -- In celebration of National Truck Driver Appreciation Week, The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the return of its annual Highway Hero Award, a program that celebrates professional truck drivers who act selflessly for the good of others on the highways across North America.

HEROES WANTED: GOODYEAR ANNOUNCES CALL FOR 38th ANNUAL HIGHWAY HERO AWARD

AKRON, Ohio , Sept. 7, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a new addition to its hard-working Armor Max® lineup, the Goodyear Armor Max Extreme Service Drive (ESD) tire.

TERRAIN TAMED: GOODYEAR'S NEW MIXED SERVICE DRIVE TIRE, ARMOR MAX ESD, DELIVERS DURABILITY AND TRACTION IN SEVERE APPLICATIONS

PHILADELPHIA — Gatik has received a lot of attention for its rapidly advancing middle-mile autonomous solution. It has signed on major partners such as Walmart, Georgia-Pacific, KBX Logistics and Pitney Bowes.

Partnerships, behind-the-scenes policy work key to Gatik's success

AKRON, Ohio , Sept. 1, 2022 /PRNewswire/ -- To stay ahead of growing demand in the electric vehicle (EV) market, The Goodyear Tire & Rubber Company (NASDAQ: GT) has launched the all-new Goodyear ElectricDrive™ all-season tire and two new sizes for its ultra-high performance tire, the Goodyear ElectricDrive™ GT.

GOODYEAR EXPANDS ITS ELECTRIC VEHICLE TIRE PORTFOLIO WITH NEW ALL-SEASON AND ULTRA HIGH-PERFORMANCE OPTIONS FOR ITS ELECTRICDRIVE™ TIRE LINE

Goodyear (GT) sees robust year-over-year growth in its top and bottom lines in Q2. It expects supply chain challenges to persist.

Goodyear (GT) Q2 Earnings & Revenues Beat Estimates, Up Y/Y

The Goodyear Tire & Rubber Company (NASDAQ:GT ) Q2 2022 Earnings Conference Call August 5, 2022 8:30 AM ET Company Participants Christian Gadzinski - Senior Director, Investor Relations Rich Kramer - Chief Executive Officer Darren Wells - Chief Financial Officer Christina Zamarro - Vice President, Finance and Treasurer Conference Call Participants John Healy - Northcoast Research James Picariello - BNP Paribas Exane Rod Lache - Wolfe Research Ryan Brinkman - JPMorgan Operator Good morning. My name is Ashley and I will be your conference operator today.

The Goodyear Tire & Rubber Company (GT) CEO Rich Kramer on Q2 2022 Results - Earnings Call Transcript

Goodyear (GT) delivered earnings and revenue surprises of 6.98% and 2.80%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Goodyear (GT) Q2 Earnings and Revenues Top Estimates

Shares of Goodyear Tire & Rubber Co. GT, -1.18% jumped 4.9% toward a two-month high in premarket trading Friday, after the tire maker reported second-quarter profit and sales that rose above expectations. The upbeat results were a welcome relief to investors, as the stock tumbled 9.5% the day first-quarter results were reported, and 27.4% after fourth quarter results, which was the biggest one-day selloff since October 1987.

Goodyear Tire stock jumps nearly 5% after profit, sales rises above expectations

Net sales growth of 31% compared with the second quarter of 2021,  over 15% growth excluding the Cooper Tire transaction Second quarter Goodyear net income of $166 million; adjusted net income of $131 million Merger-adjusted segment operating income of $372 million, up 7% compared to the second quarter of 2021 Unit volume growth of 21%, including 7% in legacy business Price/mix exceeded raw materials by more than $140 million Revenue per tire (excluding currency impact) up 14% versus second quarter of 2021 AKRON, Ohio , Aug. 5, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter of 2022. "Our second quarter and first half sales were the highest in a decade, reflecting the recent addition of Cooper Tire, the benefit of strong pricing actions across many of our key markets, and volume growth," said Richard J.

GOODYEAR REPORTS SECOND QUARTER, FIRST HALF 2022 RESULTS

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AKRON, Ohio , July 27, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2022 financial results on Friday, Aug. 5, to be followed by an investor conference call at 8:30 a.m. EDT. Prior to the commencement of the call, the company will post the financial and other related information that will be presented on its investor relations website: http://investor.goodyear.com.

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