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.

SHANGHAI , Oct. 30, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) announced today that it has completed its largest solar panel installation to date at its Pulandian manufacturing plant in Dalian, China. With more than 29,700 solar panels installed, the panels will power the plant, as well as office and warehouse buildings.

GOODYEAR COMPLETES ITS LARGEST SOLAR PANEL INSTALLATION TO DATE AT ITS PULANDIAN PLANT IN CHINA

AKRON, Ohio , Oct. 26, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT), one of the world's largest tire manufacturers, and Visolis, a pioneering sustainable technology company, today announced a collaboration project between the two companies to produce isoprene through the upcycling of biobased materials. This collaboration is supported by a Small Business Innovation Research (SBIR) grant awarded to Visolis earlier this year.

GOODYEAR AND VISOLIS TO COLLABORATE ON THE PRODUCTION OF ISOPRENE BY UPCYCLING MATERIALS

Veterans and First Responders can visit Goodyear Auto Service Centers and Just Tires Retail Stores this Veterans Day for Free Car Care Checks and Special Discounts AKRON, Ohio , Oct. 25, 2023 /PRNewswire/ -- This Veterans Day, The Goodyear Tire & Rubber Company (NASDAQ: GT) will honor those that served, and continue to serve, with free car care checks and special discounts. Serving those that serve has been a tradition for Goodyear for generations and this year is no exception.

GOODYEAR OFFERS FREE VETERANS DAY CAR CARE SERVICES AND TIRE DISCOUNTS FOR THOSE WHO SERVED AND CONTINUE TO SERVE OUR COUNTRY

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.

Analysts Estimate Goodyear (GT) to Report a Decline in Earnings: What to Look Out for

AKRON, Ohio , Oct. 11, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that the company's science-based near-term and net-zero greenhouse gas (GHG) reduction targets have been validated by the Science Based Targets initiative (SBTi). The SBTi evaluated Goodyear's Scope 1 and Scope 2 near-term target ambition and determined it is in line with a trajectory of limiting warming to 1.5°C above pre-industrial levels.

GOODYEAR RECEIVES SCIENCE-BASED TARGET VALIDATION

Goodyear Tire & Rubber Co. GT, +0.25% said Thursday that a fire at a factory in Poland will impact its sales in Europe, the Middle East and Africa by $20 million to $25 million in the third quarter and $10 million to $15 million in the fourth quarter. An Aug. 20 fire in the Debica, Poland, factory “significantly” damaged a portion of the tire-curing area and caused the temporary shutdown of the tire-making factory.

Goodyear says fire in Poland factory will chip away at EMEA sales

New Wrangler® DuraTrac® RT delivers enhanced toughness and dependability to the rugged-terrain category AKRON, Ohio , Sept. 25, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced the newest tire in the Wrangler® family: the Wrangler® DuraTrac® RT, an all-season on- and off-road tire engineered to take on tough terrain with strength and dependability.

GOODYEAR'S NEW WRANGLER® DURATRAC® RT TIRE WITH DuPONT™ KEVLAR® TECHNOLOGY STANDS UP TO THE TOUGHEST ON- AND OFF-ROAD CONDITIONS FOR ALL-SEASON ADVENTURES

Goodyear Tire & Rubber said on Friday it plans to cut 700 jobs and sell about 100 retail stores and fleet locations, under a rationalization plan for its Asia Pacific segment.

Goodyear Tire to cut 700 jobs, sell retail stores in Asia Pacific

New Wrangler® Boulder MT™ is engineered for confidence in the toughest terrains, while protecting against damage to sidewalls and treads AKRON, Ohio , Sept. 21, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced the newest addition to its lineup of hardworking Wrangler® tires, the Wrangler Boulder MT™.

NEW GOODYEAR WRANGLER® BOULDER MT™ FUELS OFF-ROAD ADVENTURE WITH PREMIUM PERFORMANCE, DEPENDABLE DURABILITY

Driven Brands Holdings

Rising oil prices and the cooling vehicle market have one thing in common: cars. Both developments impact vehicle sales and usage.

2 Wrecked Stocks Keeping Cars on the Road Ready for Repair

Goodyear will recognize more commercial truckers for the 2023 Highway Hero Award AKRON, Ohio , Sept. 14, 2023 /PRNewswire/ -- In celebration of National Truck Driver Appreciation Week and the 40th year of the Goodyear Highway Hero Award, The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the call for entries for the 2023 Highway Hero Award.

GOODYEAR HAS BEEN HONORING HEROIC TRUCK DRIVERS ON THE ROADS FOR 40 YEARS

Shares of Goodyear Tire & Rubber Co. GT, +0.08% rose 1.5% in the extended session Friday after the tire company said it has embarked on a “rationalization plan and workforce reorganization” in Europe, Middle East and Africa aimed at improving its cost structure. “This restructuring is a part of a broader set of actions the company expects to take in order to fundamentally streamline its business, improve its competitive position and drive growth,” Goodyear said in a statement.

Goodyear stock ticks higher after company restructuring in Europe, Middle East and Africa

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New Cooper® Discoverer Road+Trail™ AT features aggressive tread pattern, bold sidewalls and three-peak mountain snowflake designation   AKRON, Ohio , Aug. 31, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced a new addition to the Cooper® Discoverer family of tires, the Cooper® Discoverer Road+Trail™ AT. Featuring an aggressive tread pattern and a bold sidewall, the new Cooper Discoverer Road+Trail AT was engineered to deliver a smooth, quiet ride regardless of terrain while you navigate turns both on and off road.

GOODYEAR'S NEW COOPER® DISCOVERER ROAD+TRAIL AT DELIVERS DEPENDABLE ALL-SEASON DURABILITY ON AND OFF ROAD

New Cooper® Cobra Instinct™ features decisive maneuvering, bold curb appeal and includes soybean oil in its tread compound AKRON, Ohio , Aug. 15, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced the Cooper® Cobra Instinct™, a hyper-responsive, high-performance tire that delivers decisive maneuvering, no matter the season. The new Cooper Cobra Instinct combines all-season capability with confident sport performance.

GOODYEAR UNVEILS COOPER® COBRA INSTINCT™, DELIVERING ALL-SEASON SPORT PERFORMANCE

In partnership with The Well CDC, the new sign was unveiled at a community celebration on Aug. 10 AKRON, Ohio , Aug. 11, 2023 /PRNewswire/ -- In a nod to Goodyear's longstanding history in Akron, Ohio, the company has collaborated with The Well CDC, a nonprofit organization dedicated to enhancing Akron's Middlebury neighborhood, to revitalize the iconic Goodyear sign that shines over the company's former headquarters, which is now Goodyear Hall. The historic Goodyear sign has served as both a Goodyear and Akron icon and symbolizes the company's roots in the Middlebury neighborhood in Akron.

GOODYEAR RELIGHTS ICONIC SIGN ABOVE ITS FORMER WORLD HEADQUARTERS IN CELEBRATION OF THE COMPANY'S 125TH ANNIVERSARY

Goodyear (GT) misses second-quarter 2023 earnings due to lower volume and the adverse impacts of foreign exchange. The company expects raw material costs to rise $25 million in fiscal 2023.

Goodyear (GT) Q2 Earnings & Revenues Miss Estimates, Fall Y/Y

Goodyear fell to an unexpected loss in the quarter due to a range of macro and company-specific factors. The company should enjoy better year-over-year comparisons in the quarters to come, but demand remains a question.

Why Goodyear Tire Stock Fell Today

The Goodyear Tire & Rubber Company (NASDAQ:GT ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Richard Kramer - Chairman and CEO Christina Zamarro - CFO Conference Call Participants John Healy - Northcoast Research Emmanuel Rosner - Deutsche Bank Rod Lache - Wolfe Research Operator Good morning. My name is Nicky, and I will be your conference operator today.

The Goodyear Tire & Rubber Company (GT) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Goodyear (GT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Goodyear (GT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Goodyear (GT) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of $0.15. This compares to earnings of $0.46 per share a year ago.

Goodyear (GT) Reports Q2 Loss, Lags Revenue Estimates

AKRON, Ohio , Aug. 2, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter 2023 in an Investor Letter published to its investor relations website: http://investor.goodyear.com. The Company will host an investor call on Thursday, Aug. 3 at 8:30 a.m.

GOODYEAR REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS

AKRON, Ohio , July 26, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2023 financial results after market close on Wednesday, Aug. 2, followed by an investor conference call at 8:30 a.m. EDT on Thursday, Aug. 3.

GOODYEAR TO ANNOUNCE SECOND QUARTER 2023 FINANCIAL RESULTS

Goodyear Tire & Rubber Co will add three directors to its board in agreement with Elliott Investment Management, the company said on Tuesday, months after the activist investor disclosed a large investment.

Goodyear Tire to add three directors to settle with Elliott

Goodyear Tire & Rubber Co. GT, +0.50% has announced three additions to its board of directors and a strategic and operational review as part of the tire maker's cooperation agreement with activist investor Elliot Investment Management. The company's stock rose 0.2% Tuesday.

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