The Goodyear Tire & Rubber Company (NASDAQ:GT) Q4 2021 Earnings Conference Call February 11, 2022 9:00 AM ET Company Participants Christian Gadzinski - Senior Director, IR Rich Kramer - Chairman & CEO Darren Wells - EVP & CFO Christina Zamarro - Vice President, Finance & Treasurer Conference Call Participants Ryan Brinkman - JPMorgan Emmanuel Rosner - Deutsche Bank John Healy - Northcoast Research Rod Lache - Wolfe Research Operator Good morning. My name is Catherine, and I will be your conference operator ...

Financial Data and Key Metrics Changes - The company reported a substantial growth in net sales of 42%, driven by the acquisition of Cooper Tire and strong organic sales growth in its legacy business [7][26] - Segment operating income reached $449 million, more than double the earnings from the previous year, and well above pre-pandemic levels [7][26] - Earnings per share on a diluted basis was $0.72, up from $0.10 a year ago [26] Business Line Data and Key Metrics Changes - The Americas unit volume totaled 25.9 million, up 59% compared to the prior year's period, reflecting the addition of 8.7 million Cooper Tire units [32] - In the consumer replacement business, large room diameter volumes increased more than 20% in the U.S., nearly three times the industry rate [12] - The commercial replacement business experienced robust demand, with shipments to fleet customers well above pre-pandemic levels [9] Market Data and Key Metrics Changes - In EMEA, the European consumer replacement business delivered 9% volume growth in a relatively flat market, gaining market share across various categories [16] - Asia Pacific saw a decline in industry demand due to COVID-related disruptions, but the company gained market share in the consumer replacement segment [18] - The OE business in Europe produced 30% fewer vehicles than in the previous year's third quarter, impacting OE volume [34] Company Strategy and Development Direction - The company is focused on integrating Cooper Tire and identifying additional synergy opportunities, raising the synergy target from $165 million to $250 million [42][46] - There is a strong emphasis on sustainability, with initiatives aimed at reducing CO2 emissions and developing sustainable materials [20][21] - The company is innovating to meet customer needs, including launching the Fuel Max Endurance tire to help fleets achieve CO2 emissions reduction goals [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged significant inflationary cost pressures, including higher raw material costs and increased transportation and labor costs [8][24] - The company expects fourth quarter volume trends to be similar to the third quarter, with price mix continuing to offset raw material costs [37] - Management remains confident in achieving double-digit margins in the medium term despite inflationary pressures [65] Other Important Information - The company signed a multiyear collaboration agreement with Gatik to advance sustainable mobility solutions for autonomous logistics [14][15] - The company is committed to powering its manufacturing facilities across Europe, the Middle East, and Africa solely with renewable electricity by the end of 2022 [21] Q&A Session Summary Question: On the Cooper synergy target, could you discuss the synergy upside? - Management expressed positive sentiments about the integration process with Cooper and identified opportunities for cost savings and expanded brand reach, raising the synergy target to $250 million [42][46] Question: What raw material costs headwind might be expected for 2022? - Management indicated that spot prices for raw materials are up slightly, with expectations of significant raw material cost inflation in the first half of 2022 [47][49] Question: Can you provide insight into inflationary pressures and Cooper synergy achievements? - Management noted that inflationary pressures are expected to continue, with a $20 million benefit from Cooper synergies recognized in the second half of the year [55][58]

The Goodyear Tire & Rubber Company (NASDAQ:GT) Q2 2021 Earnings Conference Call August 6, 2021 9:30 AM ET Company Participants Nick Mitchell - Senior Director, IR Rich Kramer - Chairman, President, CEO Darren Wells - EVP and CFO Christina Zamarro - VP, Finance and Treasurer Conference Call Participants Ryan Brinkman - JPMorgan Rod Lache - Wolfe Research John Healy - Northcoast Research Victoria Greer - Morgan Stanley Operator Good morning. My name is Keith and I will be your conference operator today. At th ...

The Goodyear Tire & Rubber Company (NASDAQ:GT) Q1 2021 Earnings Conference Call April 30, 2021 9:00 AM ET Company Participants Nick Mitchell - Senior Director, IR Rich Kramer - Chairman, President, CEO Darren Wells - EVP and CFO Christina Zamarro - VP, Finance and Treasurer Conference Call Participants John Healy - Northcoast Research Rod Lache - Wolfe Research James Picariello - KeyBanc Capital Emmanuel Rosner - Deutsche Bank Ryan Brinkman - JPMorgan Operator Good morning. My name is Nikki and I will be yo ...

The Goodyear Tire & Rubber Company (NASDAQ:GT) Q4 2020 Earnings Conference Call February 8, 2021 9:00 AM ET Company Participants Rich Kramer - Chairman, President, Chief Executive Officer Darren Wells - Executive Vice President, Chief Financial Officer Nick Mitchell - Senior Director, Investor Relations Conference Call Participants Rod Lache - Wolfe Research James Picariello - Keybanc Capital Markets Victoria Greer - Morgan Stanley John Healy - Northcoast Research Ryan Brinkman - JP Morgan Emmanuel Rosner ...