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.

Cooper Tire & Rubber

Goodyear Tire to buy Cooper Tire in a deal worth $2.5 billion

Goodyear Tire & Rubber Co. said Monday it is acquiring Cooper Tire & Rubber Co. in a deal with an enterprise value of about $2.5 billion. Under the terms of the deal, Cooper shareholders will receive $41.75 per share in cash and 0.907 shares of Goodyear for a total equity value of about $2.8 billion.

Goodyear Tire to acquire Cooper Tire in deal with enterprise value of about $2.5 billion

AKRON, Ohio and FINDLAY, Ohio, Feb. 22, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (Nasdaq: GT) and Cooper Tire & Rubber Company (NYSE: CTB) today announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction...

Goodyear to Acquire Cooper, Creating Stronger U.S.-Based Leader in Global Tire Industry

AKRON, Ohio, Feb. 19, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today said it will webcast its presentation during the Wolfe Research's 2021 Global, Auto Tech and Mobility Conference on Feb. 25, 2021. Darren R. Wells, executive vice president and chief financial...

Goodyear To Present During Wolfe Research Virtual Investor Conference

Goodyear (GT) Q4 revenues drop 2% year on year but surpass the consensus mark.

Goodyear (GT) Q4 Earnings & Sales Top Estimates, Profit Up Y/Y

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Goodyear Tire and Rubber (GT) CEO, Rich Kramer on Q4 2020 Results - Earnings Call Transcript

Shares of Goodyear Tire & Rubber (NASDAQ:GT) moved higher by 3.4% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 131.58% year over year to $0.44, which may not compare to the estimate of $0.16.

Goodyear Tire & Rubber: Q4 Earnings Insights

Goodyear Tire & Rubber Co. shares jumped 5% in premarket trade Tuesday, after the company's fourth-quarter earnings beat profit estimates by a wide margin. The company swung to a profit of $63 million, or 27 cents a share, for the quarter, after a loss of $392 million, or $1.68 a share, in the year-earlier period.

Goodyear shares jump 5% premarket after tire maker swings to profit and tops sales estimates

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...

Goodyear Reports Fourth Quarter, Full-Year 2020 Results

AKRON, Ohio, Feb. 2, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report fourth quarter and full-year 2020 financial results on Tuesday, Feb. 9, to be followed by an investor conference call at 9 a.m. EST. Prior to the commencement of the call, the company...

Goodyear To Announce Fourth Quarter And Full-Year 2020 Financial Results

The trick to investing in cyclical stocks is that you should have the nerve to put money in in a bad year and pull it out in a good year. Classic contrarian investing.

Goodyear: A Good Opportunity for Value Investors

AKRON, Ohio, Jan. 27, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) and ConMet announced today their strategic collaboration to create combined digital solutions that will better connect commercial truck fleets to the health of their tires and wheel ends. For the...

Goodyear And ConMet To Offer Fleets The Commercial Tire Industry's First Combined Tire And Wheel Hub Analytics Solution

The Goodyear Tire & Rubber Company has been around for 122 years and is currently trading down ~69% from recent highs. The coronavirus pandemic has hit sales abruptly during 2020, but they are recovering very fast.

Goodyear A Buy On Improving Sales, Debt Paydown

Having gained more than 117% since the March bottom, Goodyear Tire & Rubber's stock seems to have moderate upside potential in near term. Our conclusion is based on a detailed comparison of GT's performance against the S&P 500 now, as well as, during the 2008 downturn in our interactive dashboard.

Is Goodyear Tire & Rubber Stock Overvalued?

The shares of Goodyear Tire & Rubber Co (NASDAQ:GT) are up 4.5% at $11.22 this morning, after the stock received an upgrade from KeyBanc to "overweight" from "sector weight.

Goodyear Stock Surges After KeyBanc Foresees Upside

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AKRON, Ohio, Dec. 10, 2020 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) and SafeAI, a pioneer in autonomous heavy equipment, today announced a strategic relationship to incorporate tire intelligence into the programming of autonomous heavy equipment vehicles. Through an...

Goodyear And SafeAI Announce Tire Intelligence For Autonomous Heavy Equipment

AKRON, Ohio, Dec. 7, 2020 /PRNewswire/ -- For long-haul fleets looking to enhance fuel efficiency, The Goodyear Tire & Rubber Company (NASDAQ: GT) is launching the new Fuel Max LHD 2 in early 2021. "We are always looking for ways to ensure our customers get the best value from our tires....

Goodyear Unveils Its Best Long-Haul Drive Tire for Fuel Efficiency, the Fuel Max LHD 2

AKRON, Ohio, Dec. 7, 2020 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) has introduced the new Wrangler Workhorse Powerline. This line includes three new tires and is designed for those who rely on hardworking dependability from their tires to get the job done. The new...

Goodyear's New Wrangler Workhorse Powerline Delivers Hardworking Dependability On And Off Road

AKRON, Ohio, Dec. 7, 2020 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) has announced the new Fuel Max RSD tire and three new UniCircle retread products – the Fuel Max RSD, Fuel Max RTD and UltraGrip RTD. These UniCircle retreads offer matching tread designs and...

Goodyear Responds To Regional-Haul Trucking Segment Growth With New Fuel Max RSD, Its Best Premium Super-Regional Drive Tire

AKRON, Ohio, Dec. 7, 2020 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) has launched Fleet Central to help fleets maximize efficiencies for their tires, one of their largest maintenance expenses. The new interactive portal allows fleets to purchase tires, activate...

Goodyear Launches Fleet Central, An Interactive Portal That Revolutionizes The Way Fleets Manage Their Tires

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

Goodyear (GT) Up 10.3% Since Last Earnings Report: Can It Continue?

TuSimple is partnering with Goodyear Tire & Rubber Co., as the self-driving trucking company continues to build a network of supplier and OEM partners. The collaboration, announced Tuesday, will provide tires and tire management solutions to TuSimple's Autonomous Freight Network (AFN).

TuSimple snags Goodyear Tire in latest autonomous trucking partnership

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News for Goodyear Tire & Rubber Stock (GT)