Core Insights - The MICHELIN Guide Saudi Arabia 2026 features a total of 51 restaurants, highlighting the country's evolving culinary landscape [1][13][20] - The inaugural MICHELIN Guide Restaurant Celebration showcased 11 restaurants awarded the Bib Gourmand distinction for exceptional cuisine at great value, alongside 40 establishments recognized in the Selected category [1][13] Restaurant Selection - The selection includes notable restaurants such as Em Sherif Café, Fi Glbak, and KAYZŌ, all of which received the Bib Gourmand distinction [10][14] - A detailed list of selected restaurants includes various establishments in Riyadh, Jeddah, and AlUla, with specific mentions of their distinctions [15] Special Awards - The MICHELIN Guide also presented Special Awards, including the Young Chef Award to Chef Elia Kaady from Maiz, recognizing his culinary journey and talent [6] - Il Baretto in Riyadh received the Exceptional Mocktail Award for its innovative non-alcoholic beverage offerings [7] - Yaza in Jeddah was honored with the Service Award for its exceptional hospitality and dining experience [8] Ceremony and Presentation - The announcement of the restaurant selections was uniquely staged through a dedicated website, emphasizing themes of hospitality, women, and breads in Saudi Arabia [2] - The official plaque distribution ceremony marked a significant moment for the awarded restaurants, allowing them to display their achievements [3]

Financial Performance - The company reported consolidated sales of €25.99 billion in 2025, a decline of 4.4% from €27.19 billion in 2024, with a 1.4% decrease at constant exchange rates [49][88] - Segment operating income was €2.72 billion, representing 10.5% of sales, down from €3.38 billion and 12.4% in 2024 [49][90] - Free cash flow before M&A amounted to €2.1 billion, reflecting strong operational management [9][52] Segment Analysis - The Automotive & Two-wheel segment had an operating margin of 11.7%, impacted by lower sales volumes in Original Equipment, although the sales mix improved with 68% of MICHELIN-brand tire sales being 18-inch and larger [3][56] - The Road Transportation segment's operating margin narrowed to 4.7%, primarily due to weak Original Equipment sales in North America, which saw a 20% market contraction [4][62] - The Specialties segment delivered an operating margin of 13.5%, with growth in Mining and Aircraft tires offsetting declines in Agricultural markets [5][64] Market Trends - Tire sales volumes decreased by 4.7%, with over 80% of the decline coming from Original Equipment markets, particularly for Truck and Agricultural tires in North America [8][50] - The Replacement segment saw slight growth in MICHELIN-brand tire sales year-on-year, while other brands faced challenges due to low-priced tire imports [8][61] - The non-tire businesses, including Michelin Connected Fleet and Polymer Composite Solutions, positively contributed to sales and operating income [8][49] Strategic Initiatives - The company is committed to its Michelin in Motion 2030 strategy, focusing on adapting industrial capacities and accelerating product plans [6][77] - A share buyback program of up to €2 billion is planned for 2026-2028, reflecting confidence in cash flow generation [11] - The company aims for growth in segment operating income in 2026 compared to 2025, targeting over €1.6 billion in free cash flow before M&A [11][10] Environmental and Social Governance - The company received high scores for its ESG performance, with a gold medal status from EcoVadis and a low-risk rating from Sustainalytics [74][76] - The Group's CO2 emissions were reduced by 48% compared to 2019, demonstrating progress towards carbon neutrality [96] - The percentage of renewable and recycled materials used in tires reached 32%, with a target of 40% by 2030 [99]

MAKING THE UNPREDICTABLE PREDICTABLE P A O L O P O M P E I P R E S I D E N T & C E O C A P I T A L M A R K E T S D A Y F E B R U A R Y 1 1 , 2 0 2 6 WITH THE LONGEST EXPERIENCE FROM EXTREME CONDITIONS SAFE DRIVING IS OUR TOP PRIORITY WE MAKE THE UNPREDICTABLE PREDICTABLE IN ANY WEATHER CONDITION 2 KEY MESSAGES SUSTAINED EXPOSURE TO PREMIUM NICHES WITH PRICING POWER ROBUST PRODUCT PIPELINE SUPPORTING FUTURE GROWTH AND POSITIONING PROFITABILITY IMPROVEMENT DRIVEN BY INTERNAL OPERATIONAL ENHANCEMENTS NEW AND E ...

Core Insights - Goodyear Tire reported fourth-quarter 2025 adjusted earnings per share of 39 cents, missing the Zacks Consensus Estimate of 45 cents, and matching the earnings from the same quarter last year [1] - Net revenues for the quarter were $4.92 billion, a decline of 0.6% year-over-year, also missing the Zacks Consensus Estimate of $4.93 billion [1] - Tire volume decreased to 42.3 million units, down 3% from the previous year [1] Segmental Performance - The Americas segment generated revenues of $2.87 billion, down 0.8% year-over-year, with operating income falling 11.1% to $233 million due to lower volumes and the impact of the sale of the Chemical business [2] - The Europe, Middle East and Africa segment saw revenues of $1.52 billion, an increase of 4.9% year-over-year, with operating income rising to $114 million from $38 million in the previous year, attributed to favorable price/mix and currency actions [3] - Revenues in the Asia Pacific segment fell 12.9% year-over-year to $528 million, with operating profit down 15.9% to $69 million, primarily due to the divestiture of the OTR tire business [4] Financial Position - Selling, general & administrative expenses increased to $701 million from $692 million in the previous year [5] - Cash and cash equivalents were $801 million as of December 31, 2025, down from $810 million a year earlier [5] - Long-term debt and finance leases decreased to $5.33 billion from $6.4 billion [5] - Capital expenditure for 2025 was $826 million, down from $1.19 billion in 2024 [5] Outlook - Goodyear expects capital expenditures of $825 million for 2026, with interest expenses projected between $400 million and $425 million, and depreciation and amortization around $915 million [6] Zacks Rank & Comparisons - Goodyear currently holds a Zacks Rank 3 (Hold) [7] - Other better-ranked stocks in the auto sector include Ford Motor, Modine Manufacturing, and PHINIA Inc., each with a Zacks Rank 1 (Strong Buy) [7]