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.

Goodyear says inflationary pressures could persist over the next few quarters.

Goodyear Stock Tanks on Warning of Inflation Pressures

Shares of Goodyear Tire & Rubber Co. GT, -0.64% jumped 4.0% in premarket trading Friday, after the tire maker reported fourth-quarter profit that rose well above expectations as revenue growth to a near 10-year high and higher selling prices helped offset inflationary cost pressures. Net income increased to $553 million, or $1.93 a share, from $63 million, or 27 cents a share, in the year-ago period.

Goodyear Tire stock jumps after profit rises well above expectations

AKRON, Ohio , Feb. 11, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full year of 2021. "We achieved our highest fourth quarter revenue in nearly 10 years as demand for our products remained strong and we captured higher selling prices," said Richard J.

GOODYEAR REPORTS FOURTH QUARTER, FULL-YEAR 2021 RESULTS

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In the latest trading session, Goodyear (GT) closed at $21.03, marking a +0.29% move from the previous day.

Goodyear (GT) Gains But Lags Market: What You Should Know

AKRON, Ohio, Feb. 2, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report fourth quarter and full-year 2021 financial results on Friday, Feb. 11, to be followed by an investor conference call at 9 a.m. EST. Prior to the commencement of the call, the company will post the financial and other related information that will be presented on its investor relations website: http://investor.goodyear.com.

GOODYEAR TO ANNOUNCE FOURTH QUARTER AND FULL-YEAR 2021 FINANCIAL RESULTS

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Solid, "airless" tires would reduce downtime in future autonomous, battery-powered electric vehicles, Goodyear says.

No Air In Your Tires? Not A Problem In The Future, Goodyear Says

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Goodyear sees its strongest price/mix over raw materials in over a decade. Acquisition synergies and strong sales are contributing to a healthy bottom line.Goodyear Tire Is On The Road To A Great FY 21 With Q3 Results

Goodyear Tire Is On The Road To A Great FY 21 With Q3 Results

Goodyear (GT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Goodyear (GT) Shows Fast-paced Momentum But Is Still a Bargain Stock

AKRON, Ohio, Jan. 11, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the Cooper Tire Discoverer Rugged Trek all-terrain tire earned a 2021 GOOD DESIGN award from the Chicago Athenaeum Museum of Architecture and Design. Founded in 1950, GOOD DESIGN is the oldest and most recognized program for design excellence worldwide.

COOPER TIRE'S DISCOVERER RUGGED TREK WINS GLOBAL 2021 GOOD DESIGN AWARD

AKRON, Ohio, Jan. 10, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) announced that Christian Gadzinski has been named senior director of Investor Relations. He reports to Christina Zamarro, vice president, Finance & Treasurer.

GOODYEAR NAMES CHRISTIAN GADZINSKI SENIOR DIRECTOR OF INVESTOR RELATIONS

AKRON, Ohio, Jan. 5, 2022 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ: GT) announced it has developed and is testing a custom-engineered non-pneumatic (airless) tire (NPT) to support Starship delivery robots. Starship Technologies, a Goodyear Ventures portfolio company, builds and operates a network of over 1,000 last mile autonomous robots that carry and deliver packages, groceries and food directly to customers.

GOODYEAR EXTENDS AIRLESS TIRE TECHNOLOGY TO AUTONOMOUS STARSHIP ROBOTS

AKRON, Ohio, Jan. 5, 2022 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ: GT) announced the release of a demonstration tire with 70% sustainable-material content, including industry-leading innovations. "We set an ambitious goal in 2020 to create a tire made 100% from sustainable materials in 10 years, and our scientists and engineers have made great progress toward that goal," said Chris Helsel, senior vice president, global operations and chief technology officer.

GOODYEAR DEVELOPS 70% SUSTAINABLE-MATERIAL TIRE WITH INDUSTRY-LEADING INNOVATIONS

AKRON, Ohio, Dec. 29, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT), in collaboration with the Cotton Bowl Athletic Association, today announced a multiyear agreement renewing its title sponsorship of the Goodyear Cotton Bowl Classic.

GOODYEAR ANNOUNCES RENEWAL OF COTTON BOWL TITLE SPONSORSHIP

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Bull of the Day: Goodyear Tire and Rubber Company (GT)

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.

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