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.

The tire tread in a select size of the Goodyear ElectricDrive™ GT will include Monolith carbon black. AKRON, Ohio , May 10, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a new tread formulation for its ultra-high performance, all-season ElectricDrive™ GT tire, tuned for electric vehicles, in size 235/40R19.

GOODYEAR ANNOUNCES INDUSTRY'S FIRST TIRE TO USE CARBON BLACK PRODUCED VIA METHANE PYROLYSIS

The Cooper® ProControl™ Tire is built for a wide range of vehicles with more than 60 sizes available  AKRON, Ohio , May 9, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced the Cooper® ProControl™, an all-season tire engineered to help deliver enhanced wet handling and long-lasting, even tread wear for confident control and traction for today's drivers.   With 60 sizes available, the new Cooper® ProControl™ is built for a wide range of today's vehicles including commuter touring coupes, sedans – including entry performance sedans – and small to large SUVs.

GOODYEAR LAUNCHES NEW ALL-SEASON COOPER® PROCONTROL™

The Goodyear Tire & Rubber Company (NASDAQ:GT ) Q1 2023 Earnings Conference Call May 5, 2023 8:00 AM ET Company Participants Richard Kramer - Chairman, President and Chief Executive Officer Christina Zamarro - Executive Vice President and Chief Financial Officer Conference Call Participants Ryan Brinkman - JPMorgan Rod Lache - Wolfe Research, LLC. James Picariello - BNP Paribas John Healy - Northcoast Research Emmanuel Rosner - Deutsche Bank Anindya Das - Nomura Operator Good morning.

The Goodyear Tire & Rubber Company (GT) Q1 2023 Earnings Call Transcript

Goodyear (GT) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to earnings of $0.37 per share a year ago.

Goodyear (GT) Reports Q1 Loss, Misses Revenue Estimates

AKRON, Ohio , May 4, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the first quarter 2023 in an Investor Letter published to its investor relations website: http://investor.goodyear.com. The Company will host an investor call on Friday, May 5 at 8 a.m.

GOODYEAR REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS

The Kelly Edge® Touring A/S and Kelly Edge® Sport products provide quality, long lasting security and reliability for everyday driving AKRON, Ohio , May 1, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the latest additions to the Kelly Tire portfolio with the new Kelly Edge® Touring A/S and Kelly Edge® Sport. Both products are built to deliver all-around performance with the security and responsiveness today's drivers demand and fit a sensible budget.

GOODYEAR LAUNCHES TWO NEW KELLY PRODUCTS, KELLY EDGE® TOURING A/S AND KELLY EDGE® SPORT

AKRON, Ohio , April 27, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report first quarter 2023 financial results after market close on Thursday, May 4, followed by an investor conference call at 8:00 a.m. EDT on Friday, May 5.

GOODYEAR TO ANNOUNCE FIRST QUARTER 2023 FINANCIAL RESULTS

AKRON, Ohio , April 13, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a new leader of its North America Consumer business. Ryan Waldron, formerly vice president, Goodyear Global Off-Highway, will assume the role of president, Goodyear North America Consumer.

RYAN WALDRON TO LEAD GOODYEAR'S NORTH AMERICA CONSUMER BUSINESS

The company was ranked #3 in the global tire industry. The company has improved its market position to ranked #2 by revenues in America through the acquisition. The uncertainty of the macro environment and the recent negative outlook revision from S&P continued to depress the valuation of the stock.

The Goodyear Tire Has Survived Many Bad Years

Goodyear celebrates the Official Throwback Weekend of NASCAR in style with a special sidewall logo that nods to the past AKRON, Ohio , April 4, 2023 /PRNewswire/ -- In celebration of Goodyear's 125th anniversary this year, The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a special sidewall logo design for the Official Throwback Weekend of NASCAR during the weekend of May 12-14, 2023. The vintage logo sidewall design features the historic Goodyear Wingfoot logo, originally created in 1898, and coincides with the special 75th anniversary NASCAR Throwback Weekend of races held at the Darlington Raceway.

GOODYEAR REVEALS 125TH ANNIVERSARY COMMEMORATIVE SIDEWALL DESIGN FOR GOODYEAR 400

Mickey Thompson ET Street R and ET Street Front tires featured on Dodge brand's final "Last Call" vehicle STOW, Ohio , March 20, 2023 /PRNewswire/ -- Mickey Thompson Tires played a key role from the ground up in the record-breaking performance of the new 2023 Dodge Challenger SRT Demon 170, revealed this evening by the Dodge brand in Las Vegas. Before undertaking the project, Mickey Thompson worked closely with Dodge engineers in developing a tire that could unleash record-setting power for the world's quickest 0-60 production car.

MICKEY THOMPSON TIRES UNLEASH THE POWER OF DODGE CHALLENGER SRT DEMON 170

Goodyear Powerload delivers durability and traction for hardworking compact wheel loaders and graders to get the job done AKRON, Ohio , March 15, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announces the arrival of the productivity-minded Powerload® lineup to the North America construction, loading, logistics support and landscaping markets. In today's competitive environment, customers are looking for efficiency, durability and sustainability, and Goodyear innovation and tire technology deliver!

THE GOODYEAR POWERLOAD TIRE LINE WILL DRIVE PRODUCTIVITY AND EFFICIENCY WHEREVER IT'S PUT TO WORK

The Fuel Max 1AD single-axle drive tire features the traction benefits and features needed to handle freight jobs and yard maneuvers with ease AKRON, Ohio , March 2, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the next addition to the purpose-driven Fuel Max lineup, the Fuel Max 1AD, for single-axle drive tractors handling super regional, less-than-truckload, or LTL, applications. The tire is designed to deliver the traction features, milage and fuel efficiency today's fleets require.

GOODYEAR LAUNCHES THE NEW FUEL MAX 1AD TIRE FOR TOUGH SUPER-REGIONAL TRUCKING JOBS

AKRON, Ohio , March 1, 2023 /PRNewswire/ -- The Manufacturing Institute (MI) - the workforce development and education partner of the National Association of Manufacturers - will celebrate The Goodyear Tire & Rubber Company's (NASDAQ: GT) Jenny Paige at the 2023 Women MAKE America Awards gala in Washington, D.C. on April 20.

GOODYEAR'S JENNY PAIGE NAMED A 2023 WOMEN MAKE AMERICA AWARD HONOREE

New RangeMax ™  RSD ®  EV delivers ultra-low rolling resistance and energy efficiency for regional work vehicles AKRON, Ohio , Feb. 28, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced RangeMax™ RSD® EV, Goodyear's first electric vehicle-ready tire compatible with EV and gas- or diesel-powered regional work vehicles. The RangeMax RSDEV is Goodyear's best regional drive tire for energy efficiency.

GOODYEAR INTRODUCES FIRST EV TIRE FOR REGIONAL FLEETS

Washington State-based J.B. Hunt truck driver helps make the highways safer through courage and heroism on the road AKRON, Ohio , Feb. 26, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the winner of its 2022 Highway Hero Award, a program that has celebrated professional truck drivers who act courageously for the good of others on highways across the United States and Canada since 1983.

GOODYEAR HONORS 38th WINNER OF HIGHWAY HERO AWARD

Goodyear (GT) grapples with poor margin performance across all segments as raw material cost exceeds price/mix benefits.

Goodyear's (GT) Q4 Earnings Lag Estimates, Costs Hit Margins

The Goodyear Tire & Rubber Company (NASDAQ:GT ) Q4 2022 Earnings Conference Call February 9, 2023 8:30 AM ET Company Participants Richard Kramer - Chairman, CEO & President Christina Zamarro - CFO Conference Call Participants Emmanuel Rosner - Deutsche Bank Rod Lache - Wolfe Research John Healy - Northcoast Research James Picariello - BNP Paribas Operator Good morning. My name is Ashley, and I will be your conference operator today.

The Goodyear Tire & Rubber Company (GT) Q4 2022 Earnings Call Transcript

Goodyear (GT) delivered earnings and revenue surprises of -58.82% and 1.65%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Goodyear (GT) Misses Q4 Earnings Estimates

AKRON, Ohio , Feb. 8, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full-year 2022 in an Investor Letter published to its investor relations website: http://investor.goodyear.com. The Company will host an investor call on Thursday, Feb. 9 at 8:30 a.m.

GOODYEAR REPORTS FOURTH QUARTER AND FULL-YEAR 2022 FINANCIAL RESULTS

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New York, New York--(Newsfile Corp. - February 2, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Goodyear Tire & Rubber Co. ("Goodyear") (NASDAQ: GT) breached their fiduciary duties to Goodyear and its shareholders.

Goodyear - GT - Investors of Goodyear Stock Since at Least January 24, 2023 Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation

A decrease in replacement tire volumes indicates a weakness in consumer discretionary spending. High debt is a worry, especially if sales deteriorate further.

The Goodyear Tire: An Icon In Trouble

NEW YORK--( BUSINESS WIRE )--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Goodyear Tire & Rubber Co. (“Goodyear”) (NASDAQ: GT) breached their fiduciary duties to Goodyear and its shareholders. If you are a Goodyear shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com .

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Goodyear Tire & Rubber Co.'s Directors and Officers for Breach of Fiduciary Duties – GT

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.

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