The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands. The company also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical and natural rubber products; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services. It operates approximately 1,000 retail outlets, which offer products for retail sale, and provides repair and other services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The company has strategic collaboration with ConMet to develop combined digital solutions that connect commercial truck fleets to the health of their tires and wheel ends; and a strategic relationship with UFODRIVE to pursue opportunities to integrate their complementary mobility solutions, including Goodyear's intelligent tire monitoring system and proactive solutions suite and UFODRIVE's advanced eMobility software as a service platform. The Goodyear Tire & Rubber Company was founded in 1898 and is headquartered in Akron, Ohio.
IPO Year:
Exchange: NASDAQ
Website: goodyear.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2024 | $10.00 | Hold | Deutsche Bank |
| 9/5/2024 | Outperform → Peer Perform | Wolfe Research | |
| 6/13/2024 | $14.00 | Equal-Weight | Morgan Stanley |
| 12/4/2023 | $16.80 | Buy | HSBC Securities |
| 11/16/2023 | $13.00 → $21.00 | Hold → Buy | Deutsche Bank |
| 5/17/2023 | $17.00 | Buy → Neutral | Nomura |
| 5/15/2023 | $13.00 | Underperform → Neutral | Exane BNP Paribas |
| 1/30/2023 | Neutral → Underperform | Exane BNP Paribas | |
| 11/29/2022 | Buy → Hold | Argus | |
| 7/18/2022 | $19.00 → $15.00 | Buy → Hold | Deutsche Bank |
AKRON, Ohio, Jan. 29, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company's (NASDAQ:GT) Fleet HQ program has now helped 5 million vehicles across North America increase uptime. Fleet HQ is Goodyear's comprehensive service management program supporting some of the largest fleets across the U.S. and Canada. It can manage every aspect of a fleet's service needs– from helping to proactively identify required maintenance and scheduling preventative service, to quickly responding to emergency situations. It also offers real-time, interactive dashboard reporting that provides fle
Intricately designed, handcrafted sculptures feature new Goodyear Assurance WeatherReady 2 tire tread AKRON, Ohio, Jan. 9, 2025 /PRNewswire/ -- Goodyear (NASDAQ:GT) will return to the iconic Goodyear Cotton Bowl Classic in 2025 with an exciting blend of tradition, innovation, and cutting-edge technology. Continuing its decades-long connection with college football, Goodyear's involvement in the 2025 College Football Playoff Semifinal at the 89th Goodyear Cotton Bowl Classic will feature a tribute to the passion and energy of the game through dynamic tire art, on-site activations and a showcase of its newest tire technology.
AKRON, Ohio, Jan. 9, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) today announced that Don Metzelaar has been named senior vice president, Global Manufacturing and Supply Chain, reporting to Chief Executive Officer and President Mark Stewart, effective January 13. "Manufacturing is at the core of our business, and the transformation of our manufacturing operations is central to our go-forward strategy," said Stewart. "With Don's proven record of developing, enhancing and leading global footprints, I'm confident his leadership will accelerate our manufact
Gross cash proceeds at closing of approximately $701 million Advances Goodyear Forward transformation plan, optimizes portfolio of brands Goodyear to supply Dunlop tires to Sumitomo Rubber Industries pursuant to a five-year Transition Offtake Agreement in Europe Goodyear to license back the Dunlop trademarks for use on commercial (truck) tires, and retains its rights to the Dunlop trademarks for use on motorcycle tires in Europe and Oceania AKRON, Ohio, Jan. 7, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell the Dunlop brand, comprising trademarks and intangible assets necessar
AKRON, Ohio, Jan. 7, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT), in collaboration with TNO, has announced a significant advancement to vehicle safety systems. The integration of tire intelligence technology into the automatic emergency braking (AEB) system of a vehicle has demonstrated the potential to mitigate crashes, particularly in challenging road conditions. Building on the success of Goodyear's and TNO's integration of tire intelligence into antilock braking systems (ABS) showcased at CES 2024, this project further underscores the role of tire d
LAFAYETTE, Ind., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, today announced the renewal of its strategic agreement with The Goodyear Tire & Rubber Company (NASDAQ:GT), one of the world's largest tire companies. This agreement reinforces Goodyear's position as the preferred tire supplier for Wabash's van, tank and platform trailers, and provides Wabash customers with full-service tire management support. "We are excited to continue our long-standing relationship with Goodyear," said Richard Mansilla, vice president, global supply chain at Wabash. "This agreement strengthens
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
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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
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Deutsche Bank resumed coverage of Goodyear Tire with a rating of Hold and set a new price target of $10.00
Wolfe Research downgraded Goodyear Tire from Outperform to Peer Perform
Morgan Stanley initiated coverage of Goodyear Tire with a rating of Equal-Weight and set a new price target of $14.00
HSBC Securities initiated coverage of Goodyear Tire with a rating of Buy and set a new price target of $16.80
Deutsche Bank upgraded Goodyear Tire from Hold to Buy and set a new price target of $21.00 from $13.00 previously
Nomura downgraded Goodyear Tire from Buy to Neutral and set a new price target of $17.00
Exane BNP Paribas upgraded Goodyear Tire from Underperform to Neutral and set a new price target of $13.00
Exane BNP Paribas downgraded Goodyear Tire from Neutral to Underperform
Argus downgraded Goodyear Tire from Buy to Hold
Deutsche Bank downgraded Goodyear Tire from Buy to Hold and set a new price target of $15.00 from $19.00 previously
Intricately designed, handcrafted sculptures feature new Goodyear Assurance WeatherReady 2 tire tread AKRON, Ohio, Jan. 9, 2025 /PRNewswire/ -- Goodyear (NASDAQ:GT) will return to the iconic Goodyear Cotton Bowl Classic in 2025 with an exciting blend of tradition, innovation, and cutting-edge technology. Continuing its decades-long connection with college football, Goodyear's involvement in the 2025 College Football Playoff Semifinal at the 89th Goodyear Cotton Bowl Classic will feature a tribute to the passion and energy of the game through dynamic tire art, on-site activations and a showcase of its newest tire technology.
Veteran Goodyear Leader Gary VanderLind to Retire AKRON, Ohio, May 29, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) today announced the planned retirement of Senior Vice President and Chief Human Resources Officer Gary VanderLind and the appointment of Nicole Gray as his replacement, effective July 1, 2024. Chief Executive Officer and President Mark Stewart said, "Gary has been part of the culture and fabric of Goodyear for nearly 40 years, starting in our company-owned retail business and then pursuing a path in Human Resources. There is nothing more im
Kramer to Retire as Chairman, CEO and President Laurette Koellner, Independent Lead Director, Named Board Chair AKRON, Ohio, Jan. 18, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) today announced that Mark Stewart has been elected Chief Executive Officer and President, effective January 29, 2024. He will succeed Richard J. Kramer, who previously announced his planned retirement from the company following 24 years of service, including 14 as Chairman, CEO and President. On the effective date, Laurette T. Koellner, Independent Lead Director of Goodyear's Board since 2019, will become non-executive Board Chair, and Stewart will be added to the Goodyear Board as a director.
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"). Three highly experienced business leaders, mutually agreed-upon between Goodyear and Elliott, will join the Board effective immediately
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 it
AKRON, Ohio, April 12, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) announced the election of 13 members to the Board of Directors for new one-year terms at the company's virtual annual shareholder meeting today. In addition, shareholders voted in favor of an advisory resolution approving the compensation of its named executive officers and voted to ratify the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2021. A shareholder proposal was not approved. Goodyear is one of the world's largest