Profile
Sector:
Consumer CyclicalIndustry:
Auto PartsCountry:
United StatesIPO:
05 August 1927Website:
http://www.goodyear.comNext earnings report:
06 November 2024Last dividends:
31 January 2020Next dividends:
N/APrice
after hours | Tue, 05 Nov 2024 00:59:46 GMTDividend
Analysts recommendations
Institutional Ownership
GT Latest News
Goodyear (GT) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.36 per share a year ago.
Toronto, Ontario--(Newsfile Corp. - November 4, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT Resources") is pleased to announce additional diamond drill assay results from the 2024 exploration campaign at the Canalask Nickel-Copper Project, Yukon, Canada. 1.95% nickel, 0.05% copper, 0.03% cobalt 0.19 g/t gold, and 0.44 g/t palladium was intersected over 33.5 meters (Hole CSK24-05) in the Footwall Zone.
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.
Nathaniel Madarang, Asia-Pacific president at the tire company, explains why it will continue to invest in China.
GT's weaker commercial truck business, high debt level and rising capital expenditure cast doubt on its prospects.
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 (GT) reports mixed second-quarter results and expects a benefit of $260 million on raw material costs in 2024, down from the previous estimate of a benefit of $325-$350 million.
The Goodyear Tire & Rubber Company shares plummeted 15.1% on August 1st due to weak revenue in the second quarter of 2024. Despite the revenue decline, earnings and adjusted earnings per share were higher than expected, with significant cost-cutting initiatives underway. The company's Goodyear Forward plan aims to sell $2 billion in assets and cut costs by $1.3 billion annually, and the firm is showing positive progress in this regard.
Goodyear Tire & Rubber is undergoing a turnaround, with shares down 20% since March 2024. Q2 2024 results showed revenue declines, margin improvement, and the sale of the company's Off-the-Road tire business to Yokohama Rubber Company. Despite progress on the company's Goodyear Forward plan, high debt levels and industry challenges prompt a downgrade to a 'hold' rating.
Goodyear's revenue fell 6% to $4.57 billion on a drop in tire sales. Cost cuts have taken hold, though, resulting in a profit versus a loss a year ago.
What type of business is Goodyear Tire & Rubber?
Goodyear Tire & Rubber Company is an American company that manufactures tires and sells its products under well-known brands such as Goodyear, Dunlop, Kelly, Debica, Sava, and Fulda. It was founded in 1898 in Akron, Ohio. Together with its American and international subsidiaries, The Goodyear Tire & Rubber Company develops, manufactures, and sells tires, related products, and services worldwide for most types of vehicles in various applications: for passenger cars, trucks, buses, airplanes, motorcycles, industrial and agricultural equipment, and more. The company also manufactures and sells rubber-related chemicals for various applications. In addition, The Goodyear Tire & Rubber Company is one of the world's largest operators of tire service centers for vehicles.
What sector is Goodyear Tire & Rubber in?
Goodyear Tire & Rubber is in the Consumer Cyclical sector
What industry is Goodyear Tire & Rubber in?
Goodyear Tire & Rubber is in the Auto Parts industry
What country is Goodyear Tire & Rubber from?
Goodyear Tire & Rubber is headquartered in United States
When did Goodyear Tire & Rubber go public?
Goodyear Tire & Rubber initial public offering (IPO) was on 05 August 1927
What is Goodyear Tire & Rubber website?
https://www.goodyear.com
Is Goodyear Tire & Rubber in the S&P 500?
No, Goodyear Tire & Rubber is not included in the S&P 500 index
Is Goodyear Tire & Rubber in the NASDAQ 100?
No, Goodyear Tire & Rubber is not included in the NASDAQ 100 index
Is Goodyear Tire & Rubber in the Dow Jones?
No, Goodyear Tire & Rubber is not included in the Dow Jones index
When was Goodyear Tire & Rubber the previous earnings report?
No data
When does Goodyear Tire & Rubber earnings report?
The next expected earnings date for Goodyear Tire & Rubber is 06 November 2024