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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Robert August, a Chicago-based retailer of luxury men's footwear, has a new line of wingtip golf shoes that can all be customized.Chicago, Illinois--(Newsfile Corp. - February 1, 2023) - Robert August has taken inspiration from the latest on-the-greens fashion cues in the development and design of their new men's wingtip golf shoes.

New Custom Goodyear Welt Wingtip Golf Shoe Collection Released By Robert August

The tire maker is shedding roughly 5% of its salaried staff around the world, joining a raft of companies trimming their head counts.

Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall

Shares of Goodyear Tire & Rubber Co. fell Friday, after the tire maker said it was reducing its salaried workforce by about 5%, as part of a restructuring in response to a “challenging” industry environment and inflation-related cost pressures.

Goodyear Tire to cut 500 jobs given ‘significantly weaker' industry backdrop

AKRON, Ohio , Jan. 27, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced cost savings actions in response to a challenging industry environment and cost pressure driven by inflation.  Planned rationalization and workforce reorganization would result in an approximately 5% reduction in salaried staff globally, or about 500 positions.

GOODYEAR ANNOUNCES COST SAVINGS ACTIONS

Goodyear maintains the tire, which was recalled in June and used mainly for RVs, isn't defective.

Justice Department Probes Goodyear's Handling of Recalled Tire

The Goodyear Tire and Rubber Company (NYSE: GT) stock fell just over (-50%) in 2022. The biggest issue plaguing its business has been continued cost inflation and the impacts of a strong U.S. dollar. However, as these conditions begin to wane in 2023, Goodyear should see margin expansion in North America.

Will 2023 be a Good Year for Goodyear Tire Stock?

Cars become an extension of the body when humans drive; we can feel the lack of grip in our car's tires when driving over icy or wet roads. Autonomous vehicles don't exactly have the same sensory abilities, which is one of the reasons why most AV testing and deployment happens in sunny climates.

Goodyear, Gatik say tire tech is key to bringing AVs to winter climates

AKRON, Ohio , Jan. 4, 2023 /PRNewswire/ -- In an important step towards safer and more sustainable goods movement through autonomous transportation, Goodyear (NASDAQ: GT) and Gatik have demonstrated, in a proof of concept, that intelligent tires powered by Goodyear SightLine technology can accurately estimate tire-road friction potential and provide real-time information to Gatik's automated driving system (ADS). The breakthrough will add more utility to what a tire can deliver by providing critical data that can help enhance vehicle safety and performance, increasing efficiency and value for Gatik's customers in the B2B short-haul market.

GOODYEAR AND GATIK DEMONSTRATE CAPABILITY TO ACCURATELY ESTIMATE TIRE-ROAD FRICTION POTENTIAL

Shares plans to produce and sell a tire with up to 70% sustainable-material content in 2023. AKRON, Ohio , Jan. 4, 2023 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ: GT) unveiled a demonstration tire comprised of 90% sustainable materials.

GOODYEAR UNVEILS 90% SUSTAINABLE-MATERIAL DEMONSTRATION TIRE, APPROVED FOR ROAD USE

Intricate tire-fabricated sculptures of USC and Tulane mascots displayed at major events leading up to Goodyear Cotton Bowl Classic on Jan. 2 AKRON, Ohio , Dec. 30, 2022 /PRNewswire/ -- Goodyear (NASDAQ: GT) today introduced two life-sized tire mascot sculptures handcrafted by artist and former minor league baseball player, Blake McFarland, to commemorate each team advancing to the 87th annual Goodyear Cotton Bowl Classic. Made from Goodyear tires, these sculptures celebrate the long journey and outstanding performance of each team to get to this year's Classic.

TIRE ART MASCOTS FOR BOWL-BOUND TEAMS CELEBRATED AT THE 87TH GOODYEAR COTTON BOWL CLASSIC

Goodyear Tire & Rubber Company said Wednesday it has appointed Christina Zamarro as its new chief financial officer, reporting to Chief Executive Officer Richard J. Kramer. Zamarro will succeed Darren R.

Goodyear names Christina Zamarro its new CFO

Darren Wells to Become Chief Administrative Officer AKRON, Ohio , Dec. 14, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the appointment of Christina Zamarro to the role of Executive Vice President and Chief Financial Officer, reporting to Chairman, Chief Executive Officer and President Richard J. Kramer. In this role, Zamarro will lead Goodyear's Global Finance organization and oversee all aspects of the company's corporate finances, including Treasury, Investor Relations, Accounting, Audit and Financial Planning & Analysis, as well as its business unit Finance teams in the Americas; Asia Pacific; and Europe, Middle East and Africa.

GOODYEAR NAMES CHRISTINA ZAMARRO CHIEF FINANCIAL OFFICER

The Market Leader in Passenger and Light Truck Replacement Tires* Brings Long-Lasting Tread Life and Dupont™ Kevlar® Durability to the Highway Tire Category AKRON, Ohio , Dec. 8, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a new addition to its Wrangler® highway tire portfolio, the Goodyear Wrangler Steadfast HT™. Representing Goodyear's strongest performing highway tire to date, the Wrangler Steadfast HT is an all-season tire with strong wet performance, enhanced ride comfort and the peace of mind that Kevlar® offers – giving drivers the confidence to enjoy every drive.

ENGINEERED FOR LIFE'S ADVENTURES: GOODYEAR'S NEW ULTRA-PREMIUM HIGHWAY TIRE, WRANGLER STEADFAST HT

AKRON, Ohio , Dec. 2, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company today announced the election of Norma B. Clayton to its Board of Directors, effective Nov. 28, 2022.

NORMA CLAYTON ELECTED TO GOODYEAR BOARD

Goodyear (GT) reported earnings 30 days ago. What's next for the stock?

Goodyear (GT) Up 1% Since Last Earnings Report: Can It Continue?

Goodyear's (GT) near-term prospects look muted amid commodity inflation, forex woes, supply chain snafus and a particularly weak industry environment.

Goodyear (GT) Appears a Risky Bet for Short-Term Investors

Advance Auto Parts

Coupa Software

DocuSign

Fiverr

Lumentum Holdings

MongoDB

Value investors seeking the best stocks to buy may use a company's 52-week low as a key metric to consider. Stock Rover's screener provides a simple-to-use option for investors to find such stocks which have traded at those lows within the last 15 days.

7 Stocks Ready to Soar After Flattening at Lows

Toy drive supported by events at California, Florida and Ohio blimp bases AKRON, Ohio , Nov. 21, 2022 /PRNewswire/ -- Goodyear (NASDAQ: GT) and the U.S. Marine Corps Reserve are partnering for the 12th consecutive year in support of the Marines Toys for Tots Foundation at the company's airship bases in California, Florida and Ohio. Each event will provide the public with an opportunity to donate to Toys for Tots while enjoying an up-close and personal view of the Goodyear Blimp.

GOODYEAR, U.S. MARINE CORPS RESERVE TO HOST ANNUAL TOYS FOR TOTS EVENTS

The Goodyear Tire & Rubber Company's profitability is very much unpredictable and completely dependent on the cyclicality of the automotive industry. Due to its dependency on the automotive sector, Goodyear faces significant fluctuations in revenue and profitability.

The Goodyear Tire & Rubber Company: Profitability Might Not Sustain

The Market Leader in Light Truck Replacement Tires** Brings Enhanced Durability and Long-Lasting Performance to the All-Terrain Category AKRON, Ohio , Nov. 14, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a new addition to its lineup of hardworking Wrangler® tires, the Goodyear Wrangler Workhorse® HT. Engineered to deliver dependable all-season traction, the Wrangler Workhorse HT provides a smooth, confident ride and the strength to go the extra mile.

BUILT FOR THE LONG HAUL, NEW GOODYEAR WRANGLER HT TIRE DELIVERS ALL-SEASON DEPENDABILITY

As one of the largest tire manufacturers in the world, Goodyear Tire and Rubber Company (NYSE: GT) was hit hard during the pandemic when commuters

Goodyear Tire & Rubber Stock is Becoming a Mighty Good Bargain

Drive TLV will strengthen Goodyear's connections within the Israeli mobility ecosystem Goodyear will offer collaboration and investment opportunities for Drive's startup network AKRON, Ohio , Nov. 8, 2022 /PRNewswire/ -- To help expand its footprint into the Israeli mobility ecosystem, The Goodyear Tire & Rubber Company (NASDAQ: GT) is teaming up with Drive TLV , an Israel-based mobility incubator focused on the future of mobility. Since 2017, Drive TLV has supported more than 50 mobility-focused startups through its FastLane commercialization program along with access to advanced prototyping labs and shared workplaces that encourage networking and collaboration.

GOODYEAR, DRIVE TLV JOIN FORCES TO EXPLORE ADVANCED MOBILITY SOLUTIONS WITH ISRAELI STARTUPS

Goodyear (GT) misses earnings and sales estimates in third-quarter 2022. Its top line registers year-over-year growth while its bottom line sees a decline.

Goodyear's (GT) Q3 Earnings Lag Estimates, Revenues Up Y/Y

The tire maker's challenging year continues.

Why Shares in Goodyear Slumped 20% This Week

LAS VEGAS , Nov. 2, 2022 /PRNewswire/ -- At this year's annual SEMA show in Las Vegas, Mickey Thompson Tires & Wheels unveiled all-new 42- and 44-inch tire sizes, the largest ever, for its Baja Boss® M/T line. Available to consumers in mid-2023, the expanded sizes enable off-roaders to ride higher with more ground clearance and overcome rocky terrain through exceptional sidewall grip.

News for Goodyear Tire & Rubber Stock (GT)