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 Q3 2023

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Goodyear Tire & Rubber Co. engages in the development, manufacture, 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.

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

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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.

Goodyear announces new directors and strategic review as part of Elliot agreement

Adds Three Mutually Agreed-Upon Independent Directors Supported by Elliott Establishes New Board Committee to Oversee Strategic and Operational Review AKRON, Ohio , July 25, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear") today announced enhancements to its Board of Directors in connection with a cooperation agreement with Elliott Investment Management L.P. (together with its affiliates, collectively "Elliott").

GOODYEAR ANNOUNCES NEW DIRECTORS AND STRATEGIC AND OPERATIONAL REVIEW

Goodyear shareholders have experienced abysmal returns for nearly two decades, and the current management team appears to be as entrenched as ever. Activist investor Elliot Management has acquired a 10% stake in Goodyear and plans to appoint five independent directors, though given the company's annual meeting is next Spring, it is likely they settle before. While Elliott Management's investment horizon is not long-term, their plan to improve margins, better monetize the company's retail stores, and pay down debt will be beneficial for shareholders.

Goodyear Tire & Rubber: Normally Just A GDP Grower, But Significant Upside With Activist's Entrance

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The Cooper® WORK Series™ RHT 2 delivers more fuel efficiency and durability in high scrub applications and tough driving environments AKRON, Ohio , June 28, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company today introduced a new addition to the Cooper® WORK Series™ line, the WORK Series Regional Haul Trailer (RHT) 2. Available now, the new hard-working trailer tire is SmartWay® verified and designed to help fleet owners meet regional haul demands in both tandem and spread axle trailer applications.

GOODYEAR ADDS HARD WORKING REGIONAL HAUL TRAILER TIRE TO COOPER® WORK SERIES™ LINE

AKRON, Ohio , June 27, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today released its report on corporate responsibility performance for 2022. The report details how by integrating sustainability throughout its business, the company is helping to create value for its internal and external stakeholders.

GOODYEAR SHARES PROGRESS ALONG ITS SUSTAINABILITY JOURNEY IN 2022 CORPORATE RESPONSIBILITY REPORT

The Goodyear Flight Radial Tire will be one of the approved fitments when the aircraft enters service in 2024 and will provide weight-efficient, cost-effective performance AKRON, Ohio , June 15, 2023 /PRNewswire/ -- The Goodyear Flight Radial is one of Goodyear's most advanced aviation products with technologies and features supporting dimensional stability for longer life and increased cut resistance. The tire's radial construction promotes more landings and optimized bead design offers reduced weight.

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