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, ...

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.The Company will publish its results on November 4, in the form of an Earnings Release and an additional presentation on its investor relations website: http://investor.goodyear.com. The following morning, the Company will host an investor call.The in ...

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].

Shares of The Goodyear Tire & Rubber Company (GT) , one of the largest tire manufacturing companies in the world, have plunged 38.8% year to date to close at $8.76 on Monday. Shares of GT’s competitors Bridgestone Corp (BRDCY) and Michelin (MGDDY) are down 5.1% and up 10.2%, respectively.Goodyear YTD Price Comparison with CompetitorsImage Source: Zacks Investment ResearchWeaker commercial truck business, high debt level and substantial amounts of investment and capital spending are believed to be the primar ...

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 ...

Core Viewpoint - Goodyear Tire & Rubber Company experienced a significant decline in stock price, dropping 15.1% on August 1, 2024, following disappointing revenue results for Q2 2024, which fell short of analyst expectations despite some positive earnings metrics [1][2]. Financial Performance - Revenue for Q2 2024 was reported at $4.57 billion, a decrease of 6.1% from $4.87 billion in Q2 2023, and $210 million lower than analyst forecasts [2]. - The Americas segment saw an 8.2% revenue decline, dropping from $2.94 billion, primarily due to a 5.9% decrease in tire shipments, from 20.8 million to 19.6 million [3][4]. - The EMEA segment's sales fell by 4.6% from $1.34 billion to $1.28 billion, impacted by a decline in tire sales and foreign currency fluctuations [5][6]. - The Asia Pacific region was the only segment to show growth, with a 1.2% increase in sales from $587 million to $594 million, driven by a 32.2% rise in original equipment tire volume due to increased EV fitments in China [5][7]. Earnings and Profitability - The company reported earnings per share of $0.30, significantly better than the $0.73 loss in Q2 2023, and $0.19 above analyst expectations [8][9]. - Adjusted earnings improved from a loss of $97 million last year to a gain of $54 million this year, with GAAP loss turning into a gain of $85 million [9]. - EBITDA increased from $296 million to $483 million, indicating overall improvement in profitability metrics [9]. Cost-Cutting Initiatives - Goodyear's "Goodyear Forward" plan aims to sell $2 billion in assets and implement cost-cutting measures to reduce annual expenditures by $1.3 billion, with $162 million in savings achieved by Q2 2024 [10][11]. - The company has made progress in asset sales, agreeing to sell its Off-The-Road operations for $905 million, with further sales expected to follow [11][12]. Market Position and Valuation - Despite the revenue decline, the stock is viewed as attractively priced, trading in the mid-single digit range on both price-to-adjusted operating cash flow and EV to EBITDA basis [13]. - The increase in net debt by $314 million is noted, but it is expected to be offset by asset sales and improvements in the bottom line [12][14].