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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Lockheed Martin

Vehicle Tires Designed for Extreme Temperatures in One Sixth Gravity on Crater-Filled Terrain AKRON, Ohio , July 20, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) supplied essential products for NASA's Apollo program, including the Apollo 11 mission which landed on the Moon 53 years ago today. The company will continue that tradition—focusing on lunar vehicle tires—by joining Lockheed Martin (NYSE: LMT) in its development of a lunar mobility vehicle.

Goodyear Joins Lockheed Martin to Commercialize Lunar Mobility

Ally Financial

FedEx

F.N.B. Corp.

KB Home

Markel

Verizon

Verizon Communications Inc 5.9 % Notes 2014-15.2.54 Sr

The list of cheap stocks to buy right now includes a re-strategizing FedEx Corp. (FDX), a high-dividend-yield Verizon Communications (VZ) stock, and 5 other undervalued names. The post 7 Cheap Stocks to Buy and Hold for the Long Haul appeared first on InvestorPlace.

7 Cheap Stocks to Buy and Hold for the Long Haul

The pandemic and subsequent lockdowns were nightmares for tire companies, and Goodyear has suffered a huge drop in price as a result. The company has significant growth prospects, despite ongoing risks.

Goodyear's Share Price Looks Set To Gain Traction After Significant Recent Selling

AKRON, Ohio , June 23, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today released its report on corporate responsibility performance for 2021. The report summarizes the progress the company made toward achieving its short- and long-term sustainability goals while further demonstrating its commitment to ethical and sustainable processes, materials and programs.

GOODYEAR FURTHER DEMONSTRATES ITS COMMITMENT TO CORPORATE RESPONSIBILITY IN 2021 REPORT

The U.S. auto safety agency and Goodyear Tire & Rubber sparred for months over whether the Ohio-based company should recall tires used on motor homes that have not been produced in nearly two decades.

Goodyear, U.S. auto safety agency sparred over tire issue

Goodyear (GT), led by mounting pressure from the NHTSA, announces a recall of 2-decade old 173,000 G159 RV tires that have been causing serious troubles in the operation of RVs.

Goodyear (GT) to Recall 173K 20-Year-Old Inefficient RV Tires

Arrow Electronics

Meritage Homes

Sanmina-SCI

United Microelectronics

United States Steel

These 6 stocks are very undervalued and have P/E's well below 10x and investors much not overlook these at least for now. The post 6 Low P/E Stocks That Investors Must Not Overlook appeared first on InvestorPlace.

6 Low P/E Stocks That Investors Must Not Overlook

Nineteen years after the last one was made, Goodyear has agreed to recall more than 173,000 recreational vehicle tires that the US government says can fail and have killed or injured 95 people since 1998. Goodyear's G159 tires have been under investigation by the National Highway Traffic Safety Administration since December 2017.

Goodyear pressured to recall recreational vehicle tires 19 years after last one was made

Shares of Goodyear Tire & Rubber Co. GT, -0.37% took a 1.7% hit in morning trading Tuesday, after the tire maker issued a safety recall of more than 173,000 tires due to a defect that has led to crashes that resulted in deaths and injuries, after initially declining a request for a recall. The U.S. National Highway Traffic Safety Administration (NHTSA) said the recall is for certain G159 tires installed in motorhomes, sized 275/70R22.5 and produced between February 1996 and January 2003, as tread separation can cause a loss of vehicle control.

Goodyear Tire stock falls after recall of motorhome tires due to risk of crashes that have led to deaths

Goodyear Tire & Rubber Company is recalling 173,237 G159 tires due to safety concerns, according to the National Highway Traffic Safety Administration (NHTSA).

Over 173K tires recalled by Goodyear

Goodyear said on Tuesday it would recall 173,000 G159 tires after U.S. auto safety regulators asked it to replace them.

Goodyear to recall 173,000 tires after pressure from U.S. regulators

AKRON, Ohio , June 6, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) said today it will participate in a fireside chat during Deutsche Bank's Global Auto Industry Conference on June 14, 2022, at 10:15 a.m. EDT. Emmanuel Rosner, lead autos & auto technology analyst at Deutsche Bank, will host Darren R.

GOODYEAR TO PARTICIPATE IN DEUTSCHE BANK'S GLOBAL AUTO INDUSTRY CONFERENCE

Associates will help build a better future with volunteering activities at 23 locations worldwide AKRON, Ohio , June 1, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) is holding its fifth annual Global Week of Volunteering from June 2 – 8. The event will include a week of volunteer opportunities for Goodyear associates to make a positive impact in the global communities where Goodyear operates.

GOODYEAR TO SUPPORT COMMUNITIES WITH FIFTH ANNUAL GLOBAL WEEK OF VOLUNTEERING

General Motors

CarMax

Lucid Group

Ferrari

Toyota Motor

Volkswagen AG

While the sector is likely to be eventfully volatile, brave contrarians can consider auto stocks to buy for their returning relevance. The post 7 Discounted Auto Stocks to Buy Now appeared first on InvestorPlace.

7 Discounted Auto Stocks to Buy Now

AKRON, Ohio , May 26, 2022 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ: GT) announced the addition of two sizes to the hardworking Workhorse MSA tire line. These new, all-position tires deliver the same high-mileage tread features and durable construction as the other Goodyear Workhorse MSA products, now available in two new super single sizes.

TWO NEW GOODYEAR WORKHORSE MSA SIZES DELIVER RUGGED DURABILITY FOR MIXED SERVICE FLEETS

AKRON, Ohio , May 10, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced at the 2022 Waste Expo trade show, a new formulation of its popular Endurance™ WHA waste haul tire made with a renewable soybean oil compound. The Endurance WHA is now made with soybean oil, which replaces a portion of the petroleum-based materials used in its production.

GOODYEAR'S HARDWORKING ENDURANCE™ WHA BECOMES THE COMPANY'S FIRST WASTE HAUL TIRE TO BE MADE WITH A MORE SUSTAINABLE SOYBEAN OIL TREAD COMPOUND

Goodyear (GT) registers a decrease in earnings year over year, but revenues witness robust growth. It reports the highest first-quarter revenues in a decade.

Goodyear (GT) Q1 Earnings Beat Estimates, Sales Rise Y/Y

The Goodyear Tire & Rubber Company (NASDAQ:GT) is down 3.7% at $11.85 today, just a few sessions removed from its first-quarter earnings and revenue report in which it posted a top- and bottom-line beat.

Here is Why Goodyear Stock Could Bounce Back, But Not Until 2023

The Goodyear Tire & Rubber Company (NASDAQ:GT ) Q1 2022 Earnings Conference Call May 6, 2022 9:00 AM ET Company Participants Christian Gadzinski - Head of IR Rich Kramer - CEO Darren Wells - CFO Conference Call Participants Emmanuel Rosner - Deutsche Bank Ryan Brinkman - JPMorgan John Healy - Northcoast Research Partners 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 Q1 2022 Results - Earnings Call Transcript

Goodyear (GT) delivered earnings and revenue surprises of 105.56% and 0.30%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Goodyear (GT) Beats Q1 Earnings and Revenue Estimates

Goodyear overcame ongoing supply chain disruptions related to the Russian attacks on Ukraine and the continuing spread of the COVID-19 pandemic, particularly the surge in cases across China, to grow its sales by 40% from the same time in 2021, in part because more people are keeping their vehicles. The international tire-and-rubber retailer reported $4.9 […]

Goodyear Announces 40% Q1 YoY Sales Growth

Shares of Goodyear Tire & Rubber Co. GT, -4.96% rose 0.7% in premarket trading Friday, even after the tire marker reported first-quarter profit and sales that beat expectations, while gross margin contracted as cost of sales growth outpaced sales growth. Net income rose to $96 million, or 33 cents a share, from $12 million, or 5 cents a share, in the year-ago period.

Goodyear Tire stock gains after profit and sales beat expectations, while margin contracts

Net sales growth of 40% compared with the first quarter of 2021,  20% growth excluding the Cooper Tire transaction and foreign currency First quarter Goodyear net income of $96 million; adjusted net income of $105 million Merger-adjusted segment operating income of $311 million, up 38% compared to the first quarter of 2021 Continued global market share growth during the quarter, driven by consumer replacement Price/mix exceeded raw materials by more than $130 million Revenue per tire (excluding currency impact) up 17% versus first quarter of 2021 AKRON, Ohio , May 6, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the first quarter of 2022.  "We delivered our highest first quarter revenue in 10 years despite ongoing supply chain disruptions, impacts from geopolitical issues in Europe and increasing COVID-19 restrictions in China," said Richard J.

GOODYEAR REPORTS FIRST QUARTER 2022 RESULTS

The majority of Goodyear Metro Miler G152 and G652 tires will now use less petroleum-based materials while delivering the same performance benefits AKRON, Ohio , May 4, 2022 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ: GT) announced an important step in its global journey to fully replace petroleum-derived oils by 2040. For the first time in its commercial truck tires, Goodyear is replacing a portion of the petroleum-based materials used in production of some of its most popular Metro Miler city transit tires with a bio-based soybean oil compound.

GOODYEAR RELEASES ITS FIRST CITY TRANSIT TIRES MADE WITH A SUSTAINABLE SOYBEAN OIL COMPOUND

The Zacks Consensus Estimate for Goodyear's (GT) Q1 earnings and revenues is pegged at 18 cents per share and $4.89 billion, respectively.

News for Goodyear Tire & Rubber Stock (GT)