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 ...

JHVEPhoto The Goodyear Tire & Rubber Company (NASDAQ:GT), sadly, did not start off the month of August on a good note. Shares of the business plummeted 15.1% on August 1st. This came after management reported financial results covering the second quarter of the company's 2024 fiscal year. Revenue fell as anticipated. However, the decline in sales was much greater than analysts thought it would be. This negative more than offset some very real positives like earnings and adjusted earnings per share coming in ...

JayLazarin/iStock Unreleased via Getty Images Introduction Goodyear Tire & Rubber (NASDAQ:GT) is a tire manufacturer going through a turnaround. Since the last time I reviewed the company in March 2024, shares are down about 20% while the S&P500 has gone on to return 6%. Clearly, the company has been an underperformer, but this is also highlighted in longer time frames where the company has experienced weak sales and earnings. Under the hood, the company has been trying to make investments to generate margi ...

Tire sales are down despite an improving auto market.Shares of Goodyear Tire & Rubber (GT -15.90%) plunged as much as 16.7% in trading on Thursday after reporting second-quarter 2024 financial results. The stock closed down 15.9% on the day.Weak sales hit Goodyear stockRevenue for the quarter was $4.57 billion, down from $4.87 billion a year ago. But the company swung from a loss of $208 million to a profit of $85 million, or $0.30 per share.Earnings on an adjusted basis of $0.19 per share topped analysts' ...

EARNINGS RELEASE Q2 2024 - 1 Q2 2024 | AUGUST 1, 2024 Q2 2024 HIGHLIGHTS SEGMENT OPERATING INCOME more than double vs prior year 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% DEFINITIVE AGREEMENT SIGNED for sale of Off-the-Road tire business GOODYEAR FORWARD progress continues ahead of plan Q2 2024 - 2 Quarter Highlights Financial Results SBU Results Outlook Important Disclosures Appendix Q2 2024 KEY METRICS Ti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 Commission File Number: 1-1927 THE GOODYEAR TIRE & RUBBER COMPANY (Exact Name of Registrant as Specified in Its Charter) Ohio 34-0253240 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 200 Innovation Way, Akron, Ohio 44316-0001 ...

The Goodyear Tire & Rubber Company (NASDAQ:GT) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Greg Shank - Senior Director, Investor Relations Mark Stewart - President & Chief Executive Officer Christina Zamarro - Executive Vice President & Chief Financial Officer Conference Call Participants Operator Good morning. My name is Ashley, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Goodyear Second Quarter 2024 Earnings Call. A ...

Goodyear (GT) reported $4.57 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 6.1%. EPS of $0.19 for the same period compares to -$0.34 a year ago.The reported revenue represents a surprise of -4.67% over the Zacks Consensus Estimate of $4.79 billion. With the consensus EPS estimate being $0.09, the EPS surprise was +111.11%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Exhibit 99.1 1 NEWS RELEASE 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% FOR IMMEDIATE RELEASE Goodyear Forward transformation initiatives delivered $90 million > GLOBAL HEADQUARTERS: 200 ...