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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 48%. A quarter ago, it was expected that this tire maker would post earnings of $0.09 per share when it actually produced earnings of $0.19, delivering a surprise of 111.11%.Over the last four quarters, the company has surp ...

Exhibit 99.1 1 > GLOBAL HEADQUARTERS: 200 INNOVATION WAY, AKRON, OHIO 44316-0001 > MEDIA WEBSITE: WWW.GOODYEARNEWSROOM.COM > MEDIA CONTACT: DOUG GRASSIAN 330.796.3855 DOUG_GRASSIAN@GOODYEAR.COM > ANALYST CONTACT: GREG SHANK 330.796.5008 GREG_SHANK@GOODYEAR.COM Goodyear announces Q3 2024 results, increases Goodyear Forward targets 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 o ...

GT Resources Intersects 2.0% Nickel over 33.5 meters at the Canalask Nickel-Copper ProjectNovember 04, 2024 6:30 AM EST | Source: GT Resources Inc.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, ...

Core Viewpoint - Goodyear Tire & Rubber Company will report its third quarter 2024 financial results on November 4, 2024, followed by an investor conference call on November 5, 2024 [1]. Group 1: Financial Reporting - The financial results will be published in an Earnings Release and an additional presentation on the investor relations website [1]. - The investor call will take place at 8:30 a.m. ET on November 5, 2024 [1]. Group 2: Accessing the Investor Call - The investor call can be accessed via the website or by telephone, with specific numbers provided for participants [2]. - A replay of the investor call will be available through designated phone numbers and on the website [2]. Group 3: Company Overview - Goodyear is one of the largest tire companies globally, employing approximately 71,000 people and operating 54 manufacturing facilities across 21 countries [3]. - The company has two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg, focusing on developing advanced products and services [3].

Core Viewpoint - GT Resources Inc. has announced promising initial diamond drill assay results from its 2024 exploration campaign at the Canalask Nickel-Copper Project, indicating significant nickel and precious metal mineralization [2][3]. Exploration Results - The drilling campaign involved five holes totaling 1,010 meters, with Hole CSK-24-02 intersecting 2.12% nickel over 19.9 meters, which is significantly higher than the historical Footwall Resource Estimate grade of 1.3% [2][3]. - The assay results also revealed 0.03% copper, 0.03% cobalt, 0.19 g/t gold, and 0.37 g/t palladium within the same interval [2][3]. - Notably, a high-grade interval of 4.45% nickel was found over 1.3 meters within the same hole [2][3]. Geological Insights - The drilling targeted the high-grade Footwall Zone, and the property size was expanded to capture potential down-dip extensions of known mineralization, with 11 new claims staked covering approximately 200 hectares [3]. - The presence of footwall-hosted nickel sulphide suggests a larger accumulation of nickel-sulphide may exist within the adjacent Kluane Ultramafic Feeder Dyke [3][17]. Challenges and Future Plans - Drilling in the ultramafic rocks encountered challenging ground conditions, necessitating different techniques for future drilling campaigns [4][12]. - The next drilling efforts will focus on tracing a physical connection between the Footwall Style mineralization and the prospective basal gabbro unit [13][17]. Historical Context - The historical resource estimate for the Canalask project is quoted at 400,000 tonnes at 1.35% nickel, with no copper reported, from a study conducted by Discovery Mines Ltd. in 1968 [5]. Company Overview - GT Resources Inc. is focused on discovering and producing critical Green Transportation Metals, including nickel, copper, palladium, platinum, and cobalt, with projects in Canada and Finland [21][22].

Core Viewpoint - Goodyear's recent earnings report shows mixed results, with adjusted earnings per share beating estimates but revenues declining, leading to concerns about future performance [2][6]. Financial Performance - Goodyear reported Q2 2024 adjusted EPS of 19 cents, exceeding the Zacks Consensus Estimate of 9 cents, compared to a loss of 34 cents in the same quarter last year [2]. - Net revenues for the quarter were $4.57 billion, down 6.1% year-over-year, missing the Zacks Consensus Estimate of $4.79 billion due to lower replacement volume [2]. - Tire volume decreased to 40.1 million units, a decline of 1.7% from the previous year [2]. Segmental Performance - The Americas segment generated revenues of $2.69 billion, an 8.2% decline year-over-year, missing estimates due to lower replacement volume and unfavorable price/mix, but operating income surged 134% to $241 million [3]. - The Europe, Middle East, and Africa segment's revenues were $1.28 billion, down 4.6% year-over-year, also missing estimates, while operating income rose 284.2% to $35 million [3]. - The Asia Pacific segment saw a 1.2% increase in revenues to $594 million, but it still missed estimates; operating profit increased 57.5% to $63 million [4]. Financial Position - Selling, general & administrative expenses increased to $731 million from $708 million year-over-year [5]. - Cash and cash equivalents decreased to $789 million as of June 30, 2024, down from $902 million at the end of 2023 [5]. - Long-term debt remained stable at $6.83 billion, while capital expenditures rose to $634 million from $536 million in the previous year [5]. Updated Outlook - The company expects a benefit of $260 million on raw material costs in 2024, revised down from a previous estimate of $325-$350 million [6]. - Capital expenditures are now projected at $1.25 billion, slightly up from the previous estimate [6]. - Interest expenses are estimated between $510 million and $530 million, down from the earlier range [6]. Estimate Trends - There has been a downward trend in estimates, with the consensus estimate shifting down by 31.87% [7]. - Goodyear currently holds a Zacks Rank 4 (Sell), indicating expectations of below-average returns in the coming months [9]. VGM Scores - Goodyear has a strong Growth Score of A but lags in Momentum Score with an F; it holds an aggregate VGM Score of A, placing it in the top quintile for value strategy [8].

Core Viewpoint - Goodyear Tire & Rubber Company's stock has significantly declined by 38.8% year to date, closing at $8.76, while its competitors have shown mixed performance [1][3]. Group 1: Financial Performance - Goodyear's long-term debt and finance leases increased slightly to $6,832 million as of June 30, 2024, compared to $6,831 million at the end of 2023, resulting in a long-term debt-to-capital ratio of 0.58, which is higher than the auto sector's average of 0.34 [6][9]. - The company's capital expenditure (Capex) for 2024 is projected to be around $1.25 billion, an increase from $1.05 billion in 2023, primarily due to investments in advanced tire technology and brownfield expansions [7][9]. - Sales in the commercial truck business totaled $9.11 billion in the first half of 2024, reflecting a 7.1% decline from the previous year, attributed to weak industry conditions [7][9]. Group 2: Market Conditions - The stock is currently trading below its 50-day moving average, indicating a potential downtrend or weakness in price [3]. - The Zacks Consensus Estimate for Goodyear's 2024 EPS suggests a year-over-year decline of 3.83%, with recent estimates for 2024 and 2025 also being revised downward [8][9]. Group 3: Challenges - High levels of debt are limiting Goodyear's financial flexibility, which is compounded by the need for substantial capital investments to keep up with technological advancements [6][9]. - Ongoing inflation remains a concern, with non-raw material inflation and other costs expected to be approximately $60 million higher in Q3 2024 compared to the same period last year [7][9]. - The weak performance in the commercial truck sector is likely to hinder Goodyear's top-line growth in the latter half of the year [7][9].

Goodyear tested the new Assurance WeatherReady® 2 against similar competitor products, including the Michelin CrossClimate2, Bridgestone WeatherPeak, and Pirelli Scorpion WeatherActive. In head-to-head comparisons1, the Assurance WeatherReady® 2's premium performance came in first when testing for wet handling, wet braking and dry handling - establishing it as the ideal choice for an all-weather solution and setting a new standard for all-season tires.Featuring Goodyear's innovative All-Weather Technology, ...

Tire manufacturer Good Year Tire & Rubber Co. NASDAQ: GT has not had a very good year. Shares recently hit 52-week lows at $7.63, trading down 40.2% year-to-date (YTD). Despite being the largest tire manufacturer in the United States, the company continues to suffer from sales declines. Shares toppled nearly 40% following the earnings report, posting weaker-than-expected revenues for the second quarter of 2024.Get Goodyear Tire & Rubber alerts:Macroeconomic and Industry Pressures Weigh on Goodyear's Prospec ...

Shares of Goodyear Tire (GT) plunged 33.5% since the company reported second-quarter 2024 results. It reported second-quarter 2024 adjusted earnings per share (EPS) of 19 cents, surpassing the Zacks Consensus Estimate of 9 cents. The company had incurred a loss of 34 cents in the year-ago quarter.The company generated net revenues of $4.57 billion, which declined 6.1% on a year-over-year basis and missed the Zacks Consensus Estimate of $4.79 billion due to lower replacement volume.In the reported quarter, t ...