The Goodyear Tire(GT)

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Future Service Puppies Take Their First Big Adventure with Goodyear Onboard the ICONIC Blimp
Prnewswire· 2025-06-12 12:00
The pups who are destined for service dog careers will be joined in the air by arguably the most famous canine of them all: Snoopy. "As a longtime supporter of Canine Companions, I'm always thrilled to see a new troop of puppies begin their training to become vital members of the dog service community," said Jeannie Schulz, Canine Companions National Board Member and Board Chair Emeritus and widow of Peanuts creator Charles M. Schulz. "And of course, we all know of Sparky's affection for dogs! I'm particula ...
GT Resources - Copper - Palladium - Platinum ("PGE") Project Updates
Newsfile· 2025-06-12 10:30
Core Viewpoint - GT Resources Inc. is advancing its North Rock Project in Ontario, Canada, and the Läntinen Koillismaa (LK) Project in Finland, both of which focus on copper, palladium, and platinum resources, highlighting their potential to supply critical minerals to the European Union [1][3]. North Rock Project - The North Rock Project is located in Northwest Ontario and features excellent infrastructure, including a paved highway and railroad [4]. - The mineralization consists of copper-rich magmatic sulphide along a 13-kilometer basal contact of mafic and ultramafic volcanic rocks, with two main styles of mineralization: gabbro hosted and massive copper-palladium-rich footwall veins [4]. - The 2024 exploration program identified geophysical conductors adjacent to historic high-grade footwall vein intercepts, with notable results including up to 14.6 g/t Palladium, 0.5 g/t Platinum, 0.3 g/t Gold, and 2.3% Copper over 0.6 meters [5]. - Indicated resources include 1.1 million ounces of total precious metals (TMP) at 0.89 g/t, 111 million pounds of Copper at 0.13%, and 92 million pounds of Nickel at 0.11%, contained in 38.2 million tonnes [5]. - Inferred resources are estimated at 1.1 million ounces of TMP at 0.68 g/t, 173 million pounds of Copper at 0.16%, and 152 million pounds of Nickel at 0.14%, contained in 49.7 million tonnes [5]. LK Project - The LK Project in Finland is the company's most advanced project, featuring a substantial palladium-platinum-copper rich open pit resource, positioning it as a critical mineral source for the European Union [3][12]. - The project has a significant NI 43-101 compliant open pit resource and is strategically located to supply critical minerals, with Europe heavily reliant on imports [12]. - The Haukiaho Trend, a 17-kilometer long area, presents near-term expansion potential, with historic drilling indicating significant platinum and palladium grades [13]. - The mineral resource estimate includes indicated resources of 1.50 million tonnes at 0.61 g/t Palladium, 0.22 g/t Platinum, and 0.07 g/t Gold, and inferred resources of 1.26 million tonnes at 0.43 g/t Palladium, 0.17 g/t Platinum, and 0.09 g/t Gold [16].
Why Is Goodyear (GT) Down 1.7% Since Last Earnings Report?
ZACKS· 2025-06-06 16:37
A month has gone by since the last earnings report for Goodyear (GT) . Shares have lost about 1.7% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Goodyear due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, estim ...
The Goodyear Tire & Rubber Company (GT) FY Conference Transcript
2025-06-04 13:45
The Goodyear Tire & Rubber Company (GT) FY Conference June 04, 2025 08:45 AM ET Speaker0 Thank you so much for joining us. Great to be with you this morning. We are delighted to have Goodyear Tire with us at the Future of the Consumer conference to talk about many interesting and exciting trends for the company and for the industry itself. I'm Itay McKelly, the auto analyst at TD Cowen. I'm very, very pleased to have Mark Stewart with us, Goodyear's CEO and President. We also have Christina Zamaro, the CFO, ...
Goodyear Announces Pricing Of $500 Million Of Senior Notes
Prnewswire· 2025-05-29 22:00
Core Viewpoint - Goodyear Tire & Rubber Company has announced a $500 million offering of 5-year senior notes at an interest rate of 6.625% per annum, aimed at redeeming its existing 5.000% Senior Notes due 2026 [1][2][3] Group 1: Offering Details - The notes will be offered at a price of 100% of their principal amount and are expected to close on June 3, 2025, subject to customary closing conditions [2] - The net proceeds from the offering will be used to redeem $400 million of the outstanding $900 million 2026 Notes, with the redemption date set for June 30, 2025 [3] Group 2: Company Background - Goodyear is one of the largest tire companies globally, employing approximately 68,000 people and operating 53 manufacturing facilities across 20 countries [6] - The company has two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg, focusing on developing advanced products and services [6] Group 3: Management and Regulatory Information - A consortium of financial institutions, including Deutsche Bank Securities Inc. and BofA Securities, is managing the offering [4] - The offering is made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission [5]
Goodyear Announces Offering Of Senior Notes
Prnewswire· 2025-05-29 13:28
AKRON, Ohio, May 29, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "company") today announced that it has commenced a public offering of $500 million aggregate principal amount of 5-year senior notes (the "notes"). The notes will be senior unsecured obligations of the company. Issuance and sale of the notes is subject to market and other customary closing conditions.Goodyear intends to use the net proceeds from this offering, together with its current cash and cash ...
Goodyear Stock Surges 28% in 2025: Is More Growth Ahead?
MarketBeat· 2025-05-29 12:41
Core Viewpoint - Goodyear Tire & Rubber Co. has shown significant stock performance in 2025, with a 28% increase, despite challenges from past debt and mixed earnings results [1][2][4]. Financial Performance - Goodyear's Q1 2025 earnings reported a negative earnings per share of $0.04, which was better than the forecast of negative $0.06, but revenue of $4.25 billion fell short of expectations of $4.51 billion [4]. - The company is still down over 5% in the last 12 months, indicating ongoing struggles despite recent stock gains [2]. Analyst Ratings and Price Targets - JPMorgan Chase & Co. has reiterated an Overweight rating on Goodyear with a price target of $17, which is 46% above the stock's closing price on May 28 [5]. - The consensus price target is $14, indicating a potential upside of 21.21% from the current price of $11.55 [8]. Strategic Initiatives - Goodyear's "Going Forward" plan aims for $1.5 billion in savings, margin growth, and debt reduction, and is reportedly ahead of schedule [6]. - The company has raised nearly $1.4 billion in cash through the divestment of two major assets in 2025, including the sale of its Dunlop assets and a majority stake in Goodyear Chemicals [7]. Competitive Position - Goodyear is insulated from tariffs, with only 12% of its U.S. tire supply coming from non-USMCA countries, providing a competitive advantage [9]. - The company has pricing power due to the lack of tariff burdens, which could enhance market share [10]. Investment Perspective - Owning Goodyear stock in 2025 is viewed as a growth opportunity, especially for contrarian investors looking for undervalued stocks [11].
Goodyear's Sightline Tire Intelligence Software Technologies to be Featured on SDVerse, Advancing Software-Defined Mobility
GlobeNewswire News Room· 2025-05-27 13:30
ANN ARBOR, Mich., May 27, 2025 (GLOBE NEWSWIRE) -- SDVerse™, the premier B2B marketplace for vehicle software, today announced that Goodyear, one of the world’s largest tire companies, will promote its SightLine suite of tire intelligence software offerings on the SDVerse platform. Goodyear, whose state-of-the-art products and services set the technology and performance standard for the industry, is marking a bold step into the software-defined vehicle (SDV) space, introducing tire-centric software solution ...
Gemspring Capital to Acquire Goodyear Chemical
Prnewswire· 2025-05-22 20:39
WESTPORT, Conn., May 22, 2025 /PRNewswire/ -- Gemspring Capital Management, LLC ("Gemspring"), a middle-market private equity firm, is pleased to announce that an affiliate has entered into a definitive agreement to acquire The Goodyear Tire & Rubber Company's (NASDAQ: GT) ("Goodyear" or the "Company") polymer chemicals business ("Goodyear Chemical" or the "Business"). The acquisition includes two operating plants located in Houston and Beaumont, Texas, and a research and development facility located in Akr ...
Goodyear Announces Sale of Chemical Business
Prnewswire· 2025-05-22 20:30
AKRON, Ohio, May 22, 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 majority of its Goodyear Chemical business to Gemspring Capital Management, LLC. The transaction follows a previously announced strategic review of Goodyear's Chemical business in connection with the Goodyear Forward transformation plan.Goodyear Chemical is a leading producer of synthetic rubber, offering a broad product ...