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.

The world may have spun differently in the past two years, but Rich Kramer, CEO of the Goodyear Tire and Rubber Company, is rolling with those changes.

Goodyear CEO Rich Kramer on rolling along in a crisis

AKRON, Ohio, Dec. 17, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) announced the launch of the new ElectricDrive GT. Marking Goodyear's first replacement tire in North America tuned for electric vehicles (EVs), the Goodyear ElectricDrive GT is an ultra-high performance, all-season tire that delivers long-lasting tread wear and a quiet ride for EV drivers and passengers.

GOODYEAR INTRODUCES ITS FIRST ELECTRIC VEHICLE REPLACEMENT TIRE IN NORTH AMERICA, THE ELECTRICDRIVE GT

AKRON, Ohio, Dec. 17, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced its goal to reach net-zero value chain greenhouse gas (GHG) emissions by 2050, aligned with the Science Based Targets initiative (SBTi) and its new Net-Zero Standard. The company also announced its commitment to achieve near-term science-based targets by 2030.

GOODYEAR ANNOUNCES NEW CLIMATE AMBITION, COMMITS TO SCIENCE-BASED TARGETS

The Goodyear Tire & Rubber Co. ( GT , Financial) is one of the largest tire manufacturing companies in the world, selling the Goodyear, Kelly, Dunlop, Fulda, Debica, Sava and various other in-house brands such as Lee, Kingstone, Douglas, Mohave and Republic. The company distributes products under private-label brands as well, including Roadhandler, Star and Monarch.

Goodyear's Future Looks Bright

The stock price of Goodyear Tire & Rubber Co (NASDAQ: GT) increased by over 3% this past week. This is why it happened.

Goodyear Tire & Rubber Stock (GT): Why The Price Increased This Week

AKRON, Ohio, Dec. 9, 2021 /PRNewswire/ -- With a continued focus on identifying connections to benefit a combined organization, The Goodyear Tire & Rubber Company (NASDAQ: GT) announced that Mickey Thompson ET Front tires are now produced at Goodyear's Innovation Center Manufacturing (ICM) facility in Akron, Ohio. "Throughout the integration process, our teams have remained committed to working together, and this is a great example of how quickly and efficiently our motorsports groups were able to collaborate and leverage Goodyear's manufacturing footprint," said Dominick Wycoff, Mickey Thompson Tires & Wheels president.

GOODYEAR AND MICKEY THOMPSON HIT THE GAS ON INTEGRATION

Goodyear Tire & Rubber Co (NASDAQ: GT) has signed a collaboration agreement and letter of intent with Monolith to develop and potentially use carbon black produced from methane and/or biomethane for tires. The financial terms of the arrangement were not disclosed.

Goodyear, Monolith Tie-Up On Carbon Black Produced From Methane, Biomethane

AKRON, Ohio, Dec. 9, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company today announced that it has signed a collaboration agreement and letter of intent with Monolith for the development and potential use of carbon black produced from methane and/or biomethane for tires. Goodyear is a leader in the industry in embracing this form of carbon black produced through a plasma-based methane pyrolysis process, which will help advance Goodyear's work to identify and use more sustainable materials.

Goodyear Collaborates With Monolith On Carbon Black; Initial Testing Demonstrates Reduced Emissions

Deutsche Bank analyst Emmanuel Rosner upgraded Goodyear Tire & Rubber Co (NASDAQ:GT) to Buy from Hold with a price target of $32, up from $29, implying a 41% upside. Rosner said the company is a "large" beneficiary from the shift to electric vehicles.

Deutsche Bank Turns Bullish On This Tire Company Citing EV Prospects

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U.S. government investigators have interviewed workers at Goodyear Tire & Rubber Co's Malaysian factory about their working conditions, employees told Reuters, intensifying scrutiny of potential labour abuses by the tyre maker in the country.

Exclusive-U.S. investigators question Goodyear Malaysia workers over labour practices

Strongest price/mix performance in almost 10 years. US consumer replacement tire volume up 20%, far outweighing OEM weakness.

Goodyear Tire: Good Lord That Was A Good Quarter

"We have a lot of training going on, and, of course, those make our factories a little bit less efficient," Goodyear CEO Rich Kramer told CNBC

Goodyear CEO says more workers than expected retired during Covid, adding to labor challenges

Goodyear's (GT) Q3 earnings beat estimates and rise year over year on the back of higher volumes and synergies from the Cooper Tire merger.

Goodyear's (GT) Q3 Earnings & Revenues Beat on High Volumes

The Goodyear Tire & Rubber Company (GT) CEO Rich Kramer on Q3 2021 Results - Earnings Call Transcript

Goodyear Tire & Rubber Co (NASDAQ: GT) reported third-quarter FY21 sales growth of 42% year-on-year, to $4.93 billion, beating the analyst consensus of $4.75 billion. Cooper Tire merger, improvements in price/mix, increased sales from other tire-related businesses, and higher volume drove the growth.

Goodyear Tire & Rubber Shares Pop On Q3 Earnings Beat

Investors warmed to an excellent set of results and a positive update on a major acquisition.

Why Shares of Goodyear Are Soaring This Week

Goodyear (GT) delivered earnings and revenue surprises of 213.04% and 6.96%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Goodyear (GT) Q3 Earnings and Revenues Surpass Estimates

AKRON, Ohio, Nov. 5, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the third quarter and first nine months of 2021. "We continued to capitalize on favorable industry trends in our key replacement markets," said Richard J.

Goodyear Reports Third Quarter 2021 Results

Shares of Goodyear Tire & Rubber Co. GT, -2.46% soared 9.1% toward a three-year high in premarket trading Friday, after the tire maker reported a big third-quarter profit beat, citing improved pricing and as the transportation industry moved record freight volume. The company swung to net income of $132 million, or 46 cents a share, from a loss of $2 million, or a penny a share, in the year-ago period.

Goodyear stock soars after big profit, as record industry freight volume leads to 'robust' demand for tires

Goodyear Tire & Rubber (NASDAQ:GT) is set to give its latest quarterly earnings report on Friday, 2021-11-05. Here's what investors need to know before the announcement.

Earnings Outlook For Goodyear Tire & Rubber

AKRON, Ohio, Nov. 4, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) and the Stark Area Regional Transit Authority (SARTA), two Northeast Ohio-based leaders in future mobility, today announced a collaboration to test intelligent tire sensors and prototype tires on SARTA's fleet of diesel and zero emission hydrogen fuel cell-powered (HFC) buses. The intelligent tires leverage Goodyear's TPMS Plus on-vehicle sensors to send real-time data on tire conditions to the Goodyear SightLine mobility cloud.

Goodyear And SARTA Collaborate To Advance Intelligent Tire Technology And Sustainable Mobility

LAS VEGAS, Nov. 3, 2021 /PRNewswire/ -- At the 2021 Specialty Equipment Market Association (SEMA) Show, Mickey Thompson Tires & Wheels' Baja Legend EXP off-road tire has claimed the coveted Best New Product Award, and Mickey Thompson's ET Street Front drag tire and Cooper Tire's Discoverer Snow Claw were named to the award's two Runner-Ups. Through these victories, Goodyear (NASDAQ: GT) has earned a complete sweep of the award in the Tire and Related Product category.

Goodyear's Mickey Thompson And Cooper Brands Sweep Top Three Podium Spots For SEMA New Product Awards

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Goodyear (GT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

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