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.

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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.

AKRON, Ohio , July 30, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Mamatha Chamarthi has been named senior vice president and Chief Digital Officer, and Will Roland has been named senior vice president and Chief Marketing Officer, both reporting to Chief Executive Officer and President Mark Stewart, effective August 1. "It's imperative that we understand our customers on a deeper level and both Will and Mamatha allow us to leverage data and consumer insights to transform how we meet customer needs," said Stewart.

Goodyear Names Mamatha Chamarthi Chief Digital Officer and Will Roland Chief Marketing Officer

AKRON, Ohio , July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2024 financial results after market close on Wednesday, July 31, followed by an investor conference call at 8:00 a.m. EDT on Thursday, August 1.

Goodyear to Announce Second Quarter 2024 Financial Results

Goodyear Tire & Rubber will sell its Off-the-Road equipment tire business to Japan's Yokohama Rubber for $905 million in cash, it said on Monday, as part of a drive to streamline its business.

Goodyear to sell Off-the-Road tire business to Yokohama for $905 million

AKRON, Ohio , July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell its Off-the-Road ("OTR") tire business to The Yokohama Rubber Company, Limited (TYO: 5101) ("Yokohama") for $905 million in cash. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan.

Goodyear Announces Sale of Off-The-Road Tire Business to Yokohama for $905 Million

Goodyear (GT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Goodyear (GT) Upgraded to Strong Buy: Here's Why

Japan's Yokohama Rubber is in talks to buy Goodyear Tire & Rubber's off-road tyre business for at least $1 billion, Bloomberg reported on Wednesday.

Yokohama Rubber in talks to buy Goodyear's off-road tyre business for at least $1 bln, Bloomberg says

AKRON, Ohio , June 27, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today released its report on corporate responsibility performance for 2023. The company's latest report details how Goodyear is helping create value for its internal and external stakeholders.

Goodyear Shares Sustainability Progress in 2023 Corporate Responsibility Report

New Cooper® Discoverer® Stronghold™ AT is engineered for maximum durability, quiet comfort, unparallel grip and three-peak mountain snowflake designation AKRON, Ohio , June 20, 2024 /PRNewswire/ -- Goodyear (NASDAQ: GT) is proud to announce the launch of the Cooper® Discoverer® Stronghold™ AT tire, the newest addition to the Cooper Discoverer family of tires. This all-terrain tire is designed to bite down on tough terrain and to stand up to heavy loads for towing and hauling.

Goodyear Announces the New Cooper® Discoverer Stronghold™ All-Terrain Tire for All the Surfaces You Require

PHOENIX--(BUSINESS WIRE)--CIM Group sells two, fully leased industrial buildings totaling 726,802 sf adjacent to the Phoenix Goodyear Airport in Arizona.

CIM Group Sells Goodyear Airport Portfolio, Two Fully Leased Industrial Buildings in Goodyear, AZ

Veteran Goodyear Leader Gary VanderLind to Retire AKRON, Ohio , May 29, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the planned retirement of Senior Vice President and Chief Human Resources Officer Gary VanderLind and the appointment of Nicole Gray as his replacement, effective July 1, 2024. Chief Executive Officer and President Mark Stewart said, "Gary has been part of the culture and fabric of Goodyear for nearly 40 years, starting in our company-owned retail business and then pursuing a path in Human Resources.

Goodyear Names Nicole Gray SVP and Chief Human Resources Officer

Goodyear (GT) is poised to benefit from the buyout of Cooper Tire, Goodyear Forward plan and EMEA restructuring amid high inflation and weak commercial truck business.

Here's Why You Should Retain Goodyear (GT) in Your Portfolio

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Goodyear (GT) reports mixed first-quarter results and, based on recent commodity rates, expects a benefit of $325-$350 million on raw material costs in 2024.

Goodyear's (GT) Shares Rise 4.3% Since Q1 Earnings Beat

Evaluate Goodyear's (GT) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

Investing in Goodyear (GT)? Don't Miss Assessing Its International Revenue Trends

The Goodyear Tire & Rubber Company (NASDAQ:GT ) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Greg Shank - Senior Director, Investor Relations Mark Stewart - Chief Executive Officer Christina Zamarro - Chief Financial Officer Conference Call Participants John Healy - Northcoast Research Emmanuel Rosner - Deutsche Bank Ryan Brinkman - JP Morgan Itay Michaeli - Citi Operator Good morning. My name is Nikki, and I will be your conference operator today.

The Goodyear Tire & Rubber Company (GT) Q1 2024 Earnings Call Transcript

The headline numbers for Goodyear (GT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Goodyear (GT) Q1 Earnings: A Look at Key Metrics

First quarter Goodyear net loss of $57 million (20 cents per share); adjusted net income of $29 million (10 cents per share) Segment operating income of $247 million, up $122 million compared to the first quarter of 2023 Americas segment operating income of $179 million, more than double prior year of $79 million; segment operating margin of ~7.0% Segment operating margin in Asia Pacific of 10.0%, up 350 basis points Goodyear Forward transformation initiatives delivered $72 million AKRON, Ohio , May 6, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) reported first quarter 2024 results and a strong start to the year. The company will host an investor call tomorrow morning at 8:00 a.m.

Goodyear Reports First Quarter 2024 Financial Results

AKRON, Ohio , April 26, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report first quarter 2024 financial results after market close on Monday, May 6, followed by an investor conference call at 8:00 a.m. EDT on Tuesday, May 7.

GOODYEAR TO ANNOUNCE FIRST QUARTER 2024 FINANCIAL RESULTS

Goodyear (GT) doesn't possess 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) to Report Q1 Results: What You Should Expect

AKRON, Ohio , April 23, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Ryan Waldron has been named president of the company's Americas business unit, reporting to Chief Executive Officer and President Mark Stewart. He succeeds Steven R.

GOODYEAR NAMES RYAN WALDRON AMERICAS BUSINESS PRESIDENT

AKRON, Ohio, April 1, 2024 /PRNewswire/ -- In a bold move that redefines the boundaries of aerial transportation, The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the launch of an exclusive line of tires designed specifically and only for blimps – the Goodyear SkyGrip™. This revolutionary line of tires includes all-season, winter, all-terrain and high-performance tires, ensuring that every blimp can experience unparalleled performance in the skies.

GOODYEAR TAKES INNOVATION TO NEW HEIGHTS WITH SKYGRIP™ TIRES FOR BLIMPS

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The RL-5K with three-star designation offers larger wheel loaders, more load carrying capacity and a deep tread for cut resistance and traction AKRON, Ohio , March 20, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) recently launched the new three-star RL-5K Off-the-Road (OTR) tire for large wheel loaders and wheel dozers. The RL-5K is Goodyear's newest radial OTR tire in the 45/65R45 tire size and is constructed to withstand the air pressure necessary to deliver an increased three-star load capacity, which translates to a 16% increase in load carrying capacity.1 The RL-5K with three-star capacity also features a deep, 250-level durable tread to deliver cut resistance and traction in severe underfoot conditions.

GOODYEAR INTRODUCES THE RL-5K OFF-THE-ROAD TIRE WITH THREE STAR LOAD CAPACITY RATING FOR HEAVY DUTY LOADERS

The Goodyear Tire & Rubber Company is a well-known tire manufacturer with a significant market share. The company is focusing on innovation, partnerships, and a shareholder-friendly approach to improve its performance. Goodyear aims to regain market share, expand into higher margin areas, and restore profitability by 2025.

Goodyear Tire & Rubber: Why I See At Least 50% Upside For The Stock

Goodyear (GT) reported earnings 30 days ago. What's next for the stock?

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