Third quarter Goodyear net loss of $34 million (12 cents per share); adjusted net income of $105 million (37 cents per share) Segment operating income of $347 million; SOI margin of 7.2%, up ~70 bps YoY Fourth consecutive quarter of SOI margin expansion; TTM up ~300 bps YoY Americas segment operating income of $251 million, SOI margin of 8.8% Asia Pacific segment operating income of $72 million, SOI margin of 11.7% Goodyear Forward targets increased, portfolio optimization in progress AKRON, Ohio, Nov. 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported third quarter 2024 results today and the company will host an investor call tomorrow morning at 8:30 a.m. easter

AKRON, Ohio, Oct. 28, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) will report third quarter 2024 financial results after market close on Monday, November 4, followed by an investor conference call at 8:30 a.m. ET on Tuesday, November 5. The Company will publish its results on November 4, in the form of an Earnings Release and an additional presentation on its investor relations website: http://investor.goodyear.com. The following morning, the Company will host an investor call. The investor call can be accessed on the website or via telephone by calling

Second quarter Goodyear net income of $85 million (30 cents per share); adjusted net income of $54 million (19 cents per share) Segment operating income of $339 million, up $215 million compared to the second quarter of 2023 Americas segment operating income of $241 million, SOI margin of 8.9% Asia Pacific segment operating income of $63 million, SOI margin of 10.6% Goodyear Forward transformation initiatives delivered $90 million AKRON, Ohio, July 31, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported second quarter 2024 results today and the company will host an investor call tomorrow morning at 8:00 a.m. eastern time led by Mark Stewart, Goodyear's chief executiv

AKRON, Ohio, July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) will report second quarter 2024 financial results after market close on Wednesday, July 31, followed by an investor conference call at 8:00 a.m. EDT on Thursday, August 1. The Company will publish its results on July 31, in the form of an Earnings Release and an additional presentation on its investor relations website: http://investor.goodyear.com. The following morning, the Company will host an investor call. The investor call can be accessed on the website or via telephone by calling e

First quarter Goodyear net loss of $57 million (20 cents per share); adjusted net income of $29 million (10 cents per share) Segment operating income of $247 million, up $122 million compared to the first quarter of 2023 Americas segment operating income of $179 million, more than double prior year of $79 million; segment operating margin of ~7.0% Segment operating margin in Asia Pacific of 10.0%, up 350 basis points Goodyear Forward transformation initiatives delivered $72 million AKRON, Ohio, May 6, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported first quarter 2024 results and a strong start to the year.

AKRON, Ohio, April 26, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) will report first quarter 2024 financial results after market close on Monday, May 6, followed by an investor conference call at 8:00 a.m. EDT on Tuesday, May 7. The Company will publish its results on May 6, in the form of an Earnings Release and an additional presentation on its investor relations website: http://investor.goodyear.com. The following morning, the Company will host an investor call. The investor call can be accessed on the website or via telephone by calling either (800)

AKRON, Ohio, Feb. 12, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) today reported results for the fourth quarter and full-year 2023 in an Investor Letter published to its investor relations website: http://investor.goodyear.com. The Company will host an investor call on Tuesday, Feb. 13 at 8:30 a.m. EST that will focus on questions and answers. Participating in the conference call will be Mark W. Stewart, chief executive officer and president; and Christina L. Zamarro, executive vice president and chief financial officer. The investor call can be accesse

AKRON, Ohio, Feb. 5, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) will report fourth quarter and full-year 2023 financial results after market close on Monday, Feb. 12, followed by an investor conference call at 8:30 a.m. EST on Tuesday, Feb. 13. The Company will publish its results in the form of an Investor Letter on its investor relations website: http://investor.goodyear.com on Feb. 12. The following morning, the Company will host an investor call that will focus on questions and answers. The investor call can be accessed on the website or via teleph

Rich Kramer to retire in 2024 after 24 years, 14 years as Chairman, CEO and President AKRON, Ohio, Nov. 15, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear" or the "Company") announced today that Richard J. Kramer has informed the Board of his plans to retire as Chairman, CEO and President of the Company in 2024. In connection with Kramer's planned retirement previously discussed with the Board as part of the Company's ongoing and active succession planning process, the Goodyear Board retained a leading executive search firm to execute a search c

Gross proceeds in excess of $2 billion from portfolio optimization Top line and cost reduction actions totaling $1.3 billion by end of 2025 Segment operating income margin doubling to 10% by end of 2025 Net leverage of 2.0x – 2.5x by end of 2025 AKRON, Ohio, Nov. 15, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear" or the "Company") today announced a transformation plan – "Goodyear Forward" – to optimize its portfolio, deliver significant margin expansion and reduce leverage to drive sustainable and substantial shareholder value creation. This plan follows a comprehensive evaluation by the Strategic and Operational Review Committee (the "Review Committee") of

AKRON, Ohio, Nov. 21, 2024 /PRNewswire/ -- For the 14th consecutive year, Goodyear (NASDAQ:GT) will host toy drives, in partnership with the U.S. Marine Corps Reserve, at its Blimp bases in Ohio, Florida and California. These events offer a unique opportunity for the public to contribute to the Marines Toys for Tots Foundation while enjoying an up-close view of the iconic Goodyear Blimp. From Dec. 6 to 8, Ohio residents can drive through the Wingfoot Lake Blimp hangar from 2 p.m. to 7 p.m. for an exclusive behind-the-scenes look before dropping off their donation to a U.S. Mar

Goodyear's Highway Hero Award will celebrate commercial truck drivers' extraordinary acts of courage AKRON, Ohio, Nov. 14, 2024 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ:GT) announced it is now accepting nominations for its annual Highway Hero Award. Since 1983, Goodyear has been recognizing commercial truck drivers who go above and beyond their regular duties to keep our highways safe. Now through Dec. 31, 2024, Goodyear is inviting nominations for drivers with a Commercial Driver's License (CDL) who went the extra mile to help others on the road. Good

Third quarter Goodyear net loss of $34 million (12 cents per share); adjusted net income of $105 million (37 cents per share) Segment operating income of $347 million; SOI margin of 7.2%, up ~70 bps YoY Fourth consecutive quarter of SOI margin expansion; TTM up ~300 bps YoY Americas segment operating income of $251 million, SOI margin of 8.8% Asia Pacific segment operating income of $72 million, SOI margin of 11.7% Goodyear Forward targets increased, portfolio optimization in progress AKRON, Ohio, Nov. 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported third quarter 2024 results today and the company will host an investor call tomorrow morning at 8:30 a.m. easter

AKRON, Ohio, Oct. 28, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) will report third quarter 2024 financial results after market close on Monday, November 4, followed by an investor conference call at 8:30 a.m. ET on Tuesday, November 5. The Company will publish its results on November 4, in the form of an Earnings Release and an additional presentation on its investor relations website: http://investor.goodyear.com. The following morning, the Company will host an investor call. The investor call can be accessed on the website or via telephone by calling

New Assurance WeatherReady® 2 is the pinnacle tire for all-weather driving and outperforms leading competitors in wet handling, wet braking and dry handling AKRON, Ohio, Aug. 20, 2024 /PRNewswire/ -- Today, Goodyear (NASDAQ:GT) introduced the Assurance WeatherReady 2, a tire that delivers unparalleled all-weather performance backed by industry-leading test results in wet handling, wet braking and dry handling. The tire has set a new performance standard for all-season tires, making it the perfect choice for an all-weather solution. Goodyear tested the new Assurance WeatherRead

Second quarter Goodyear net income of $85 million (30 cents per share); adjusted net income of $54 million (19 cents per share) Segment operating income of $339 million, up $215 million compared to the second quarter of 2023 Americas segment operating income of $241 million, SOI margin of 8.9% Asia Pacific segment operating income of $63 million, SOI margin of 10.6% Goodyear Forward transformation initiatives delivered $90 million AKRON, Ohio, July 31, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported second quarter 2024 results today and the company will host an investor call tomorrow morning at 8:00 a.m. eastern time led by Mark Stewart, Goodyear's chief executiv

AKRON, Ohio, July 30, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) today announced that Mamatha Chamarthi has been named senior vice president and Chief Digital Officer, and Will Roland has been named senior vice president and Chief Marketing Officer, both reporting to Chief Executive Officer and President Mark Stewart, effective August 1. "It's imperative that we understand our customers on a deeper level and both Will and Mamatha allow us to leverage data and consumer insights to transform how we meet customer needs," said Stewart. "I am confident both

AKRON, Ohio, July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) will report second quarter 2024 financial results after market close on Wednesday, July 31, followed by an investor conference call at 8:00 a.m. EDT on Thursday, August 1. The Company will publish its results on July 31, in the form of an Earnings Release and an additional presentation on its investor relations website: http://investor.goodyear.com. The following morning, the Company will host an investor call. The investor call can be accessed on the website or via telephone by calling e

AKRON, Ohio, July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell its Off-the-Road ("OTR") tire business to The Yokohama Rubber Company, Limited (TYO:5101) ("Yokohama") for $905 million in cash. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan. Goodyear's OTR tire business provides industry-leading OTR tires around the world for surface and underground mining,

AKRON, Ohio, June 27, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) today released its report on corporate responsibility performance for 2023. The company's latest report details how Goodyear is helping create value for its internal and external stakeholders. The report also outlines the progress Goodyear is making toward achieving its short- and long-term sustainability goals. Chief Executive Officer and President Mark Stewart said, "Our commitment to sustainability and delivering value to our customers and other stakeholders is unwavering. Our 2023 cor

Goodyear Tire & Rubber Company (NASDAQ:GT) has entered into a definitive agreement to sell its Off-the-Road (OTR) tire business to The Yokohama Rubber Company, Limited for $905 million in cash, as a part of its broader Goodyear Forward transformation plan. Yokohama will acquire Goodyear’s OTR tire segment, which is renowned for providing high-quality tires for mining, construction, and industrial markets globally. “The sale of the OTR business marks an important milestone as we continue to execute against our Goodyear Forward transformation plan,” said Mark Stewart, Goodyear Chief Executive Officer and President. Goodyear will continue to supply OTR tires for U.S. military and defen

The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell its Off-the-Road ("OTR") tire business to The Yokohama Rubber Company, Limited (TYO:5101) ("Yokohama") for $905 million in cash. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan. Goodyear's OTR tire business provides industry-leading OTR tires around the world for surface and underground mining, construction and quarry, and port and industrial end markets. Goodyear OTR offers a comprehensive suite of trusted products, services and tire management sol

- Reuters

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Morgan Stanley analyst Ross MacDonald initiated coverage on The Goodyear Tire & Rubber Company (NASDAQ:GT) with an Equal-Weight rating, while announcing a price target of $14. Goodyear Tire shares rose 2.9% to close at $11.98 on Wednesday. See how other analysts view this stock. Goldman Sachs analyst Christine Cho initiated coverage on McDonald’s Corporation (NYSE:MCD) with a Neutral rating and announced a price target of $288. McDonald’s shares rose 0.1% to settle at $254.48 on Wednes

Morgan Stanley analyst Ross MacDonald initiates coverage on Goodyear Tire & Rubber (NASDAQ:GT) with a Equal-Weight rating and announces Price Target of $14.

HSBC analyst Wesley Brooks maintains Goodyear Tire & Rubber (NASDAQ:GT) with a Buy and lowers the price target from $16.8 to $15.9.

Goodyear Tire & Rubber (NASDAQ:GT) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.01 by 900 percent. This is a 134.48 percent increase over losses of $(0.29) per share from the same period last year. The company reported quarterly sales of $4.537 billion which missed the analyst consensus estimate of $4.815 billion by 5.78 percent. This is a 8.18 percent decrease over sales of $4.941 billion the same period last year.

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Tyson Foods, Inc. (NYSE:TSN) to report quarterly earnings at 39 cents per share on revenue of $13.16 billion before the opening bell, according to data from Benzinga Pro. Tyson Foods shares rose 0.1% to $62.05 in after-hours trading. Analysts are expecting The Williams Companies, Inc. (NYSE:WMB) to post quarterly earnings at 48 cents per share on revenue of $2.69 billion. The company will release earnings after the markets close. Williams shares gained 0.4% to $38.82 in after-hours trading. Luminar Technologies, Inc. (NASDAQ:LAZR)

The CNN Money Fear and Greed index showed slight improvement in the overall market sentiment, while the index remained in the “Fear” zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones index surging 450 points following the release of jobs data. U.S. employers added 175,000 nonfarm payrolls in April, marking a reduction from the upwardly revised 315,000 reading in March and missing the expected 238,000, the Bureau of Labor Statistics said Friday. The unemployment rate went from 3.8% to 3.9%, more than the expected 3.8%. Average hourly earnings edged down from 4.1% to 3.9% compared to April 2023, falling more than the expected dip to 4%. Apple, Inc. (NASDAQ:AAPL)

- Bloomberg