Price Target Changed • 21h
Price target decreased by 8.8% to US$8.16 Down from US$8.94, the current price target is an average from 7 analysts. New target price is 25% above last closing price of US$6.51. Stock is down 41% over the past year. The company is forecast to post a net loss per share of US$0.80 next year compared to a net loss per share of US$5.98 last year. Live News • May 09
Goodyear Swings to $249 Million Q1 Loss as Demand Slows but Europe and Asia Improve Goodyear reported a Q1 2026 net loss of $249 million, reversing from a profit in the prior year as weaker consumer demand and lower tire volumes weighed on results.
The Americas region saw the sharpest drop in net sales and segment operating income, while Europe, Middle East and Africa returned to operating profitability and Asia Pacific showed improved segment income.
Management cited $107 million in benefits from its Goodyear Forward transformation plan, supported by divestments completed in 2025 and ongoing cost and portfolio actions.
For you as an investor, the latest quarter highlights a company still working through soft demand and higher raw material costs, particularly in the Americas, but with some offsets from better performance in Europe, Middle East and Africa and Asia Pacific. The return to operating profitability in Europe, Middle East and Africa and improved income in Asia Pacific suggest that pricing, product mix and cost savings are gaining some traction outside the core Americas market.
The Goodyear Forward plan remains central to the story, with management pointing to operational excellence, premium product focus and portfolio streamlining, including three divestments completed in 2025. The $107 million of benefits reported for the quarter gives you a sense of the scale of cost and efficiency initiatives already flowing through. When you assess the stock, the key questions are likely to be how quickly those actions can offset weak demand and higher input costs and how durable the regional improvements prove to be if market conditions stay challenging. Reported Earnings • May 07
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: US$0.86 loss per share (down from US$0.40 profit in 1Q 2025). Revenue: US$3.88b (down 8.7% from 1Q 2025). Net loss: US$249.0m (down 317% from profit in 1Q 2025). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 56%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Auto Components industry in the US. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Apr 30
The Goodyear Tire & Rubber Company to Report Q1, 2026 Results on May 06, 2026 The Goodyear Tire & Rubber Company announced that they will report Q1, 2026 results After-Market on May 06, 2026 Price Target Changed • Apr 23
Price target decreased by 8.3% to US$8.94 Down from US$9.76, the current price target is an average from 7 analysts. New target price is 27% above last closing price of US$7.05. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$1.05 next year compared to a net loss per share of US$5.98 last year. Announcement • Apr 21
the Goodyear Tire & Rubber Company Appoints Travis Parman as Chief Communications Officer The Goodyear Tire & Rubber Company announced that Travis Parman has joined the company as chief communications officer, reporting to Chief Executive Officer and President Mark Stewart. As chief communications officer, Parman will lead global communications, including media relations, associate communications and corporate reputation. One of his areas of focus is sharing the company's transformation journey and supporting its business strategy, as Goodyear works toward its vision of being #1 in Tires and Service. Parman has held senior communications leadership roles at companies including Nissan Motor Corporation, General Motors, Renault Group, Ally Bank and most recently at PMI U.S. He brings deep experience guiding organizations through transformation, complexity and change, helping leaders connect strategy and performance. Announcement • Apr 15
Imperial Brands plc Announces Appointment of Julie Hamilton as Non-Executive Director of the Goodyear Tire & Rubber Company, Effective April 13, 2026 Imperial Brands PLC announces that Julie Hamilton, Non-Executive Director of the Company, has been appointed as a non-executive director of the Board of The Goodyear Tire & Rubber Company with effect from April 13, 2026. Announcement • Mar 09
The Goodyear Tire & Rubber Company, Annual General Meeting, Apr 13, 2026 The Goodyear Tire & Rubber Company, Annual General Meeting, Apr 13, 2026. Recent Insider Transactions Derivative • Mar 06
President exercised options and sold US$698k worth of stock On the 1st of March, Mark Stewart exercised options to acquire 85k shares at no cost and sold these for an average price of US$8.25 per share. This trade did not impact their existing holding. For the year to December 2024, Mark's total compensation was 5% salary and 95% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Mark's direct individual holding has increased from 456.13k shares to 555.01k. Company insiders have collectively sold US$3.8m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Feb 11
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to US$9.49. The fair value is estimated to be US$7.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 10
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: US$5.98 loss per share (down from US$0.24 profit in FY 2024). Revenue: US$18.3b (down 3.2% from FY 2024). Net loss: US$1.72b (down US$1.79b from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Auto Components industry in the US. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Feb 04
The Goodyear Tire & Rubber Company to Report Q4, 2025 Results on Feb 09, 2026 The Goodyear Tire & Rubber Company announced that they will report Q4, 2025 results After-Market on Feb 09, 2026 Announcement • Jan 16
Goodyear Tire & Rubber Company Appoints David Cichocki as Managing Director, Americas & Chief Sales Officer, Americas Consumer, Effective January 19, 2026 Goodyear Tire & Rubber Company announced that David Cichocki will join Goodyear as Managing Director, Americas & Chief Sales Officer, Americas Consumer, effective January 19, 2026, reporting to Mark Stewart, Chief Executive Officer and President. As Chief Sales Officer, Americas Consumer, Cichocki will lead Goodyear's Americas Consumer business, with a clear mandate to strengthen sales execution, accelerate profitable growth and advance Goodyear's shared global objectives. With the additional responsibility of Managing Director, Americas, Dave will also oversee key elements of regional governance, working in partnership with fellow senior leaders to ensure strong alignment with global strategy while driving operational excellence and financial performance across the Americas. Cichocki brings more than 30 years of commercial leadership experience across industrial and consumer goods with some of the world's most respected brands. Most recently, he served as senior vice president, U.S. Sales, at Whirlpool Corporation, leading its $10B+ North America consumer business across retail, builder/contract and direct-to-consumer channels. Earlier in his career, he spent more than two decades with Kraft Foods/Nabisco, holding a variety of senior leadership roles. Recent Insider Transactions • Nov 18
Insider recently bought US$755k worth of stock On the 14th of November, Jason Winkler bought around 100k shares on-market at roughly US$7.55 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 04
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: US$7.62 loss per share (further deteriorated from US$0.12 loss in 3Q 2024). Revenue: US$4.65b (down 3.7% from 3Q 2024). Net loss: US$2.20b (loss widened US$2.16b from 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 17% growth forecast for the Auto Components industry in the US. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Nov 04
the Goodyear Tire & Rubber Company Announces Goodwill and Intangible Asset Impairment for Three Months Ended September 30, 2025 The Goodyear Tire & Rubber Company announced Goodwill and Intangible Asset Impairment for three months ended September 30, 2025. For the period the company announced Goodwill and Intangible Asset Impairment of $674 million against $125 million a year ago. New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Announcement • Oct 30
The Goodyear Tire & Rubber Company Announces Launch of Goodyear Eagle F1 All Season, Premium Ultra-High-Performance Tire The Goodyear Tire & Rubber Company announced the launch of the Goodyear Eagle F1 All Season, a premium ultra-high-performance tire engineered to deliver exceptional handling, grip and comfort in dry, wet and light snow conditions. The Goodyear Eagle F1 All season tire blends ultra-high performance with all-season capability--so you never have to choose. Designed for drivers who demand year-round performance without compromise, the Goodyear Eagle F1 all Season expands Goodyear's legacy in the performance segment. This tire brings motorsport-inspired innovation to everyday driving, offering cutting-edge technology for vehicles ranging from luxury sedans and sports coupes to performance-oriented crossovers. Key Features of the Goodyear Eagle F 1 All Season: Year-Round Reliance: A sporty, cutting-edge tread pattern and added traction features provide reliable grip in dry, wet and even light snow conditions--so drivers can stay confident no matter the forecast. Dodge the Downpours Elite wet braking performance helps cut through rain and maintain control through every turn. Performance That Lasts Longer: An innovative compound enhances treadwear and durability, while a built-in wear gauge helps drivers track life with confidence. Its performance built for endurance; Track-Inspired, Road-Ready. With over five decades of racing DNA, the Eagle F1 All Season brings track-level precision to the street--delivering a quiet, comfortable ride without sacrificing the thrill of the drive. Announcement • Oct 29
The Goodyear Tire & Rubber Company to Report Q3, 2025 Results on Nov 03, 2025 The Goodyear Tire & Rubber Company announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Announcement • Oct 22
The Goodyear Tire & Rubber Company Unleashes Three New All-Terrain Tires Built for Power, Performance and Possibility The Goodyear Tire & Rubber Company announced the launch of three new all-terrain tires across its consumer portfolio, designed to meet the growing demand for rugged, versatile performance across a wide range of terrains and vehicles--from full-size SUVs and light trucks to work vans and off-road rigs. The new lineup includes the Goodyear Wrangler Outbound AT™?, Goodyear Wrangler®? Workhorse®? AT 2 and Goodyear Wrangler®? ElectricDrive™? AT. Built for adventure-ready SUVs and light trucks, the Goodyear Wrangler Out bound AT offers aggressive off-road traction with refined on-road comfort featuring an all-new tread design and compound for confident handling on dirt and gravel while delivering strong on-road performance when wet weather strikes. With this expansion of new products in Goodyear's all-terrain portfolio, Goodyear is strengthening its position in key growth segments--meeting the evolving needs of drivers who demand reliability, adaptability and performance from their tires, no matter the journey. The new all-terrain lineup includes: Goodyear Wrangler OutboundAT™?: Built for adventure-ready SUV and light trucks such as the GMC Yukon, Ford F-150, Jeep Grand Cherokee and Toyota 4Runner, the Wrangler Outbound AT offers aggressive off-road visibility with refined on-road comfort. This tire features the strength of DuPont™? Kevlar®? for enhanced durability on- and off-road. Its all-new tread design and compounds deliver confident handling on dirt and gravel While delivering strong on-road performance during wet weather strikes. Wrangler Outbound AT is also backed by an up to 65,000 mile (105,000 km) tread life limited warranty. Goodyear Wrangler®? workhorse®? AT 2: Designed for light trucks, work vans and SUVs such as the Ford F-Series, Ram ProMaster and Chevrolet Tahoe, the Wrangler Workhorse AT 2 delivers enhanced wet traction and an improved tread life limited warranty of 55,000 mile (90,000 km) along with the Three-Peak Mountain Snowflake (3PMSF) designation on all sizes. It's built to perform in tough job-site conditions and across demanding rural routes. Goodyear Wrangler® ElectricDrive™ AT: Specifically designed and engineered for electric SUVs and pickup trucks like the Ford F-150 Lightning, Rivian R1T and Rivian R1S, the Wrangler ElectricDrive AT offers a combination of rugged all-terrain capability and confidence in winter driving with the Three-Peak Mountain Snowflake (3PMSF) designation. This new tire also features SoundComfort® Technology, helping to reduce levels of interior noise and it’s backed with a 50,000 mile (80,000 km) tread life limited warranty. Major Estimate Revision • Aug 21
Consensus EPS estimates increase by 366% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$0.252 to US$1.17. Revenue forecast steady at US$18.3b. Net income forecast to shrink 33% next year vs 36% growth forecast for Auto Components industry in the US . Consensus price target down from US$12.17 to US$11.07. Share price fell 3.3% to US$8.25 over the past week. Major Estimate Revision • Aug 15
Consensus EPS estimates fall by 76% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$18.5b to US$18.3b. EPS estimate also fell from US$0.659 per share to US$0.16 per share. Net income forecast to shrink 37% next year vs 32% growth forecast for Auto Components industry in the US . Consensus price target down from US$14.17 to US$12.17. Share price was steady at US$8.49 over the past week. Announcement • Aug 14
The Goodyear Tire & Rubber Company Names Jan-Piet van Kesteren as Managing Director EMEA & Chief Sales Officer EMEA Consumer, effective September 1 The Goodyear Tire & Rubber Company announced that Jan-Piet van Kesteren will join Goodyear as Managing Director EMEA & Chief Sales Officer EMEA Consumer, effective September 1, reporting to Mark Stewart, Chief Executive Officer and President. Van Kesteren will lead Goodyear's Consumer business across the Europe, Middle East & Africa (EMEA) region, with a focus on driving sales execution, delivering profitable growth and advancing the company's global strategy and objectives. In addition to leading the Consumer business, he will oversee key aspects of regional governance, ensuring strategic and operational alignment across the EMEA geography. Van Kesteren brings more than 20 years of international commercial leadership experience across the industrial and fast-moving consumer goods (FMCG) sectors. Most recently, he served as managing director for Europe, Middle East & Africa at AkzoNobel and was a member of the company's Executive Committee. He also held several senior leadership roles during his 16-year tenure at Unilever across EMEA. Price Target Changed • Aug 11
Price target decreased by 11% to US$12.17 Down from US$13.60, the current price target is an average from 7 analysts. New target price is 46% above last closing price of US$8.32. Stock is up 6.9% over the past year. The company is forecast to post a net loss per share of US$0.38 compared to earnings per share of US$0.24 last year. Buy Or Sell Opportunity • Aug 11
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to US$8.36. The fair value is estimated to be US$11.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Aug 08
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: US$0.89 (up from US$0.30 in 2Q 2024). Revenue: US$4.47b (down 2.3% from 2Q 2024). Net income: US$254.0m (up 199% from 2Q 2024). Profit margin: 5.7% (up from 1.9% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 12% growth forecast for the Auto Components industry in the US. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Aug 04
The Goodyear Tire & Rubber Company to Report Q2, 2025 Results on Aug 07, 2025 The Goodyear Tire & Rubber Company announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Announcement • Jul 23
The Goodyear Tire & Rubber Company Announces the Launch of the Goodyear Assurance MaxLife 2 The Goodyear Tire & Rubber Company announced the launch of the Goodyear Assurance MaxLife®? 2, the next generation premium all-season tire designed to deliver more miles, more confidence and more comfort for drivers. Now available in the United States and Canada, the Assurance MaxLife 2 is Goodyear's longest-lasting tire, backed by an 85,000-mile (140,000 km) limited treadlife warranty. Engineered for today's most popular vehicles--from family sedans and fuel-efficient hybrids to crossovers and luxury SUVs--the Assurance MaxLife 2 is built for drivers who expect more from their tires. With 58 sizes, the Assurance Max life 2 fits a wide range of vehicles, including the BMW X5, Mercedes GLE, Toyota Camry, Honda Accord, Ford Explorer and Toyota RAV4. Whether commuting to work, taking the kids to practice or heading out on a weekend road trip, the Assurance MaxLife2 is designed to go the distance. Featuring Goodyear's proprietary TredLife Technology, the tire combines an enhanced tread compound and innovative pattern to help deliver long-lasting performance and all-season traction. Four deep tread grooves and zigzag sipes provide confident grip in wet or dry conditions, while a built-in Wear Gauge®? makes it easy to monitor tread depth over time. With a quiet, comfortable ride and expanded fitments for modern vehicles--including more W-speed rated and XL sizes-- the Assurance MaxLife 2 offers a one-line solution for drivers who want to get the most out of every mile. Major Estimate Revision • Jun 10
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.919 to US$0.659 per share. Revenue forecast steady at US$18.5b. Net income forecast to grow 30% next year vs 19% growth forecast for Auto Components industry in the US. Consensus price target up from US$13.60 to US$14.17. Share price rose 5.6% to US$11.94 over the past week. Price Target Changed • Jun 09
Price target increased by 10% to US$14.17 Up from US$12.87, the current price target is an average from 7 analysts. New target price is 20% above last closing price of US$11.78. Stock is down 1.3% over the past year. The company is forecast to post earnings per share of US$0.66 for next year compared to US$0.24 last year. Price Target Changed • May 22
Price target increased by 11% to US$13.46 Up from US$12.12, the current price target is an average from 7 analysts. New target price is 21% above last closing price of US$11.13. Stock is down 8.9% over the past year. The company is forecast to post earnings per share of US$0.92 for next year compared to US$0.24 last year. Recent Insider Transactions Derivative • May 20
President exercised options and sold US$2.0m worth of stock On the 15th of May, Mark Stewart exercised options to acquire 185k shares at no cost and sold these for an average price of US$11.04 per share. This trade did not impact their existing holding. For the year to December 2024, Mark's total compensation was 5% salary and 95% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Mark's direct individual holding has increased from 198.73k shares to 239.81k. Company insiders have collectively sold US$3.1m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • May 15
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$1.18 to US$0.919 per share. Revenue forecast steady at US$18.3b. Net income forecast to grow 45% next year vs 11% growth forecast for Auto Components industry in the US. Consensus price target up from US$12.12 to US$12.87. Share price was steady at US$11.14 over the past week. Reported Earnings • May 09
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: US$0.40 (up from US$0.20 loss in 1Q 2024). Revenue: US$4.25b (down 6.3% from 1Q 2024). Net income: US$115.0m (up US$172.0m from 1Q 2024). Profit margin: 2.7% (up from net loss in 1Q 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 9.8% growth forecast for the Auto Components industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • May 02
The Goodyear Tire & Rubber Company to Report Q1, 2025 Results on May 07, 2025 The Goodyear Tire & Rubber Company announced that they will report Q1, 2025 results After-Market on May 07, 2025 Major Estimate Revision • Apr 25
Consensus EPS estimates increase by 38% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$1.05 to US$1.45. Revenue forecast steady at US$18.5b. Net income forecast to grow 498% next year vs 20% growth forecast for Auto Components industry in the US. Consensus price target of US$11.54 unchanged from last update. Share price rose 12% to US$10.94 over the past week. Announcement • Apr 09
The Goodyear Tire & Rubber Company Announces Executive Changes Effective April 4, 2025, Christopher R. Delaney, President, Europe, Middle East and Africa (“EMEA”), is on a leave of absence from his position with The Goodyear Tire & Rubber Company (the Company). Ms. Christina L. Zamarro, Executive Vice President and Chief Financial Officer of the Company, will lead the EMEA business unit on an interim basis in addition to her duties as Chief Financial Officer. Announcement • Mar 11
The Goodyear Tire & Rubber Company, Annual General Meeting, Apr 14, 2025 The Goodyear Tire & Rubber Company, Annual General Meeting, Apr 14, 2025. Recent Insider Transactions Derivative • Mar 05
President of Europe exercised options and sold US$365k worth of stock On the 1st of March, Christopher Delaney exercised options to acquire 39k shares at no cost and sold these for an average price of US$9.45 per share. This trade did not impact their existing holding. Since September 2024, Christopher's direct individual holding has increased from 165.47k shares to 178.78k. Company insiders have collectively sold US$1.2m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to US$10.55, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Auto Components industry in the US. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$9.55 per share. Price Target Changed • Feb 20
Price target increased by 8.9% to US$10.73 Up from US$9.85, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$10.55. Stock is down 15% over the past year. The company is forecast to post earnings per share of US$1.05 for next year compared to US$0.24 last year. Announcement • Feb 20
The Goodyear Tire & Rubber Company Introduces New Cooper® WORK Series™ RHA 2 Tire for Regional Commercial Vehicles The Goodyear Tire & Rubber Company announced the new Cooper® WORK Series™ Regional Haul All-position (RHA) 2 tire for super-regional and regional all-position commercial vehicle applications. The new Cooper WORK Series RHA 2 is SmartWay verified and offers long miles to removal and even-wear for the growing super-regional commercial vehicle category. The Cooper WORK Series RHA 2 is designed for super-regional and Less-than-Truckload (LTL) fleets and includes the following features: BALANCED LONG-HAUL AND REGIONAL TREAD COMPOUND provides fuel efficiency with long miles to removal. SCRUB GUARD COMPOUND helps resist wear in high-scrub, super-regional and regional applications. FIVE-RIB TREAD WITH WIDE FOOTPRINT AND SOLID SHOULDER promotes even wear and long miles to removal. STONE PROTECTOR LEDGES help minimize stone retention and protect the casing from stone penetration for retreadability. COOPER WEAR SQUARE™ indicator allows for quick approximation of remaining tread life for each tire. The new Cooper WORK Series RHA 2 is the latest addition to the Cooper line up of commercial truck tires. The Cooper WORK Series, SEVERE Series and PRO Series commercial truck tires deliver the quality and value expected from the Cooper brand by focusing on total cost of ownership. Reported Earnings • Feb 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$0.24 (up from US$2.42 loss in FY 2023). Revenue: US$18.9b (down 5.9% from FY 2023). Net income: US$70.0m (up US$759.0m from FY 2023). Profit margin: 0.4% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 8.1% growth forecast for the Auto Components industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Feb 13
President of Europe exercised options and sold US$100k worth of stock On the 4th of February, Christopher Delaney exercised options to acquire 12k shares at no cost and sold these for an average price of US$8.66 per share. This trade did not impact their existing holding. Since March 2024, Christopher's direct individual holding has increased from 147.18k shares to 178.78k. Company insiders have collectively sold US$1.1m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 11
The Goodyear Tire & Rubber Company Names David Anckaert as Chief of Product Strategy and Planning The Goodyear Tire & Rubber Company announced that David Anckaert has been named Chief of Product Strategy and Planning, effective immediately. Anckaert joined Goodyear in 2000 and has held a succession of positions in R&D, sales and marketing. In 2018, he was named vice president, Commercial Europe, and after that, served as vice president, Consumer Replacement Europe. Most recently, Anckaert served as vice president of the Europe, Middle East and Africa Consumer business. As Chief of Product Strategy and Planning, Anckaert will lead Goodyear's product roadmap and lifecycle planning, leveraging data-driven market insights to identify opportunities, drive innovation and develop a winning global product portfolio. Announcement • Feb 08
The Goodyear Tire & Rubber Company to Report Q4, 2024 Results on Feb 13, 2025 The Goodyear Tire & Rubber Company announced that they will report Q4, 2024 results After-Market on Feb 13, 2025 Announcement • Feb 04
The Yokohama Rubber Company, Limited (TSE:5101) completed the acquisition of Nippon Giant Tire Co. Ltd. and Goodyear Earthmover Pty Limited and certain other assets from The Goodyear Tire & Rubber Company. The Yokohama Rubber Company, Limited (TSE:5101) agreed to acquire Nippon Giant Tire Co. Ltd. and Goodyear Earthmover Pty Limited and certain other assets from The Goodyear Tire & Rubber Company for approximately $910 million on July 22, 2024. A cash consideration of $905 million will be paid by The Yokohama Rubber Company, Limited. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan. Goodyear will retain its business providing OTR tires for U.S. military and defense applications. Pursuant to a Product Supply Agreement to be entered into with Yokohama in connection with the closing of the transaction, Goodyear will manufacture certain OTR tires for Yokohama at some of its manufacturing locations for an initial period of up to five years after the closing of the transaction. If Closing has not occurred on or prior to July 22, 2025, the Buyer will also be required to pay or cause to be paid to the Company a fee of $47.5 million if the Agreement is validly terminated by either the Buyer or the Company due to a failure to receive certain antitrust approvals on or prior to the Outside Date. The transaction is subject to regulatory approvals, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, other customary closing conditions and consultations and is expected to close by early 2025. Goodyear intends to use transaction proceeds to reduce leverage and fund initiatives in connection with the Goodyear Forward transformation plan. The business reported total revenue of $674 million, EBITDA of $130 million, total assets of $494 million and net assets of $344 million in December 2023. As of January 31, 2025 The Yokohama Rubber Company, Limited (TSE:5101) has obtained loan of $907.573 million and the scheduled borrowing date is February 3, 2025.
Evercore is acting as exclusive financial advisor and Sullivan & Cromwell LLP is acting as legal advisor to Goodyear. Freshfields Bruckhaus Deringer in Japan and Freshfields Bruckhaus Deringer US LLP led by Paul Tiger, Sebastian Fain, Takeshi Nakao and Noah Carr acted as legal advisor to Yokohama. Houlihan Lokey acted as the financial advisor to The Yokohama Rubber Company.
The Yokohama Rubber Company, Limited (TSE:5101) completed the acquisition of Nippon Giant Tire Co. Ltd. and Goodyear Earthmover Pty Limited and certain other assets from The Goodyear Tire & Rubber Company on February 3, 2025. Announcement • Jan 09
The Goodyear Tire & Rubber Company Appoints Don Metzelaar as Senior Vice President, Global Manufacturing and Supply Chain, Effective January 13, 2025 The Goodyear Tire & Rubber Company announced that Don Metzelaar has been named senior vice president, Global Manufacturing and Supply Chain, reporting to Chief Executive Officer and President Mark Stewart, effective January 13, 2025. Metzelaar brings more than 30 years of experience leading complex, world-class manufacturing operations. He most recently served as Chief Manufacturing Officer and Global Vice President for Johnson Controls International, where he was instrumental in transforming manufacturing processes with a focus on factory flows and systems integration. Prior to Johnson Controls, he served in operations leadership roles at Whirlpool Corporation, Honeywell International and Motorola. As senior vice president, Global Manufacturing and Supply Chain, Metzelaar will lead Goodyear's Global Operations, which includes global and regional Manufacturing, Supply Chain, Environmental, Health & Safety, Business Continuity, Manufacturing Engineering and Quality, optimizing product planning, enabling product lifecycle management and maintaining the high standards of quality and safety. Price Target Changed • Dec 20
Price target decreased by 11% to US$11.93 Down from US$13.38, the current price target is an average from 6 analysts. New target price is 38% above last closing price of US$8.62. Stock is down 41% over the past year. The company is forecast to post earnings per share of US$0.045 next year compared to a net loss per share of US$2.42 last year. Announcement • Dec 13
The Goodyear Tire & Rubber Company 's Goodyear Toys Announces Launch of its All-New Goodyear Pretend Play Line The Goodyear Tire & Rubber Company's Goodyear Toys used under license by Red Toolbox, the renowned kids' toy brand, is excited to announce the launch of its all-new Goodyear Pretend Play Line. In partnership with Goodyear, a global leader in tire and automotive technology, this innovative collection offers a range of pretend play items for kids to explore automotive, car mechanics, and car care. The Goodyear Pretend Play Line aims to spark curiosity and creativity in children by giving them hands-on experiences in the exciting world of cars and automotive repair. The collection features realistic toys such as tire-changing kits, mechanic tool sets, and car care accessories, engaging young minds in pretend play that promotes problem-solving, imaginative exploration, and the development of fine motor skills. The Goodyear brand has been a trusted name in the automotive industry for over 125 years, and with this new line is bringing the spirit of innovation and craftsmanship to young kids everywhere. This partnership, which was facilitated by Goodyear's licensing agency IMG, is helping children gain a deeper understanding of the automotive world, all while having fun in the process. The Goodyear Pretend Play Line will be available for purchase at major retail outlets, including Walmart, Costco, Amazon, and select specialty stores. The collection features a variety of products for different age groups, with options for both individual play and interactive sets that encourage group play and teamwork. Buy Or Sell Opportunity • Dec 05
Now 23% undervalued Over the last 90 days, the stock has risen 26% to US$9.99. The fair value is estimated to be US$12.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Meanwhile, the company became loss making. Announcement • Nov 11
Goodyear Unveils an Electricdrive Sustainable- Material Tire At the Esg and Sustainable Development Leadership Forum Goodyear unveiled an ElectricDrive Sustainable-Material Tire at the ESG and Sustainable Development Leadership Forum held during the 7th China International Import Expo. Goodyear's ElectricDrive Sustainable-Material Tire: China's first ISCC mark retail tire containing over 70% sustainable-material With the boom of electric vehicles and world-wide focus on sustainability, the demand for high-performing, durable and sustainable-material tires has increased. Goodyear's EDS tire is engineered specifically for EVs, delivering superior wet braking and handling, reduced noise, lower rolling resistance and long mileage. The tire is made with recycled and bio-based materials, including carbon black sourced from end-of-life tires and recycled polyester. Available on Tmall in December 2024, Goodyear's EDS tire provides EV drivers an option of high-performing tires with ISCC-certified sustainable-material. Starting from quarter one of 2025, consumers in other Asia Pacific markets will be able to purchase Goodyear's EDS tire. 2024 marks Goodyear's 30th anniversary in China. In recognition of Goodyear's efforts in advancing mobility and sustainability, Goodyear's sustainability story was honored as one of China's top 9 best practices in corporate responsibility at the ESG and Sustainability Leadership Forum. New Risk • Nov 10
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$608k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Significant insider selling over the past 3 months (US$608k sold). Reported Earnings • Nov 05
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.12 loss per share (improved from US$0.31 loss in 3Q 2023). Revenue: US$4.82b (down 6.2% from 3Q 2023). Net loss: US$34.0m (loss narrowed 62% from 3Q 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 9.4% growth forecast for the Auto Components industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Oct 29
The Goodyear Tire & Rubber Company to Report Q3, 2024 Results on Nov 04, 2024 The Goodyear Tire & Rubber Company announced that they will report Q3, 2024 results After-Market on Nov 04, 2024 Price Target Changed • Sep 16
Price target decreased by 7.0% to US$13.04 Down from US$14.03, the current price target is an average from 7 analysts. New target price is 65% above last closing price of US$7.91. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$0.52 next year compared to a net loss per share of US$2.42 last year. Announcement • Aug 20
Goodyear Introduces he Assurance WeatherReady 2 Goodyear introduced the Assurance WeatherReady 2, a tire that delivers unparalleled all-weather performance backed by test results in wet handling, wet braking and dry handling. The tire has set a new performance standard for all-season tires, making it the perfect choice for an all-weather solution. Featuring Goodyear's innovative All-Weather Technology, the Assurance WeatherReady 2 is equipped with a versatile tread compound that adapts seamlessly to any weather condition. AquaTred Technology is a testament to Goodyear's legacy in wet traction, with its sweeping Evolving Traction Grooves that help efficiently move water and slush away from the tire, ensuring steadfast performance and grip in wet conditions. The Assurance WeatherReady 2 tire also boasts the coveted Three-Peak Mountain Snowflake (3PMS) designation2. This difference indicates that the tire meets or surpasses certain stringent snow traction criteria established by Federal Motor Vehicle Safety Standards. Building on the history of the Assurance family of tires, the Assurance WeatherReady2 features a built-in Wear Gauge®? allowing drivers to continuously monitor tire tread depth over the course of the 60,000-mile (95,000-kilometer) tread life limited warranty and a 60-day satisfaction guarantee. Available in 58 sizes, from 16 to 22 inches rim diameter, the Assurance WeatherReady®? 2 is compatible with a wide range of popular vehicles, including the Kia Telluride, GMC Acadia, Jeep Grand Cherokee, Chevy Traverse, Ford Explorer, Hyundai Santa Fe, Mercedes GLE, Honda CR-V, Toyota RAV4 Toyota Camry and Honda Accord. Recent Insider Transactions • Aug 13
President recently bought US$233k worth of stock On the 9th of August, Mark Stewart bought around 30k shares on-market at roughly US$7.78 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Price Target Changed • Aug 13
Price target decreased by 9.2% to US$13.64 Down from US$15.03, the current price target is an average from 8 analysts. New target price is 65% above last closing price of US$8.28. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$0.52 next year compared to a net loss per share of US$2.42 last year. Reported Earnings • Aug 01
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: US$0.30 (up from US$0.73 loss in 2Q 2023). Revenue: US$4.57b (down 6.1% from 2Q 2023). Net income: US$85.0m (up US$293.0m from 2Q 2023). Profit margin: 1.9% (up from net loss in 2Q 2023). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 173%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Jul 30
The Goodyear Tire & Rubber Company Announces Management Appointments, Effective August 1, 2024 The Goodyear Tire & Rubber Company announced that Mamatha Chamarthi has been named senior vice president and Chief Digital Officer, and Will Roland has been named senior vice president and Chief Marketing Officer, both reporting to Chief Executive Officer and President Mark Stewart, effective August 1, 2024. Chamarthi previously served as Chief Software Business Growth Officer for Stellantis, responsible for creating and leading a significant software business that consistently delivered year-over-year revenue targets. At Stellantis, she also served as Chief Information and Digital Officer overseeing global connected vehicle initiatives, cybersecurity and enterprise IT. Earlier in her career, Chamarthi held leadership roles at ZF Friedrichshafen AG, Consumers Energy and Daimler Group. In this new role for Goodyear, Chamarthi will oversee all aspects of digital businesses, in addition to traditional CIO responsibilities. Mamatha will also establish and execute a comprehensive digital strategy, encompassing solutions for products, plants, services, and processes. Roland was previously senior vice president Media, Consumers, Analytics and Digital for Stellantis North America. In that role, Roland led integration of data, analytics and insights into influential consumer marketing channels. Roland also previously served as president of Solutions for Publicis Media, overseeing data and platform management, advanced analytics, data science and applied marketing strategies. As CMO, Roland will play a pivotal role in steering Goodyear's brand and marketing strategies, driving top line actions and brand optimization initiatives outlined in the company's Goodyear Forward plan, using advanced analytics and market insights to inform decision-making, drive innovation and identify opportunities for growth and increased profitability. Announcement • Jul 23
The Yokohama Rubber Company, Limited (TSE:5101) agreed to acquire Nippon Giant Tire Co. Ltd. and Goodyear Earthmover Pty Limited and certain other assets from The Goodyear Tire & Rubber Company for approximately $910 million. The Yokohama Rubber Company, Limited (TSE:5101) agreed to acquire Nippon Giant Tire Co. Ltd. and Goodyear Earthmover Pty Limited and certain other assets from The Goodyear Tire & Rubber Company for approximately $910 million on July 22, 2024. A cash consideration of $905 million will be paid by The Yokohama Rubber Company, Limited. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan. Goodyear will retain its business providing OTR tires for U.S. military and defense applications. Pursuant to a Product Supply Agreement to be entered into with Yokohama in connection with the closing of the transaction, Goodyear will manufacture certain OTR tires for Yokohama at some of its manufacturing locations for an initial period of up to five years after the closing of the transaction. If Closing has not occurred on or prior to July 22, 2025, the Buyer will also be required to pay or cause to be paid to the Company a fee of $47.5 million if the Agreement is validly terminated by either the Buyer or the Company due to a failure to receive certain antitrust approvals on or prior to the Outside Date. The transaction is subject to regulatory approvals, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, other customary closing conditions and consultations and is expected to close by early 2025. Goodyear intends to use transaction proceeds to reduce leverage and fund initiatives in connection with the Goodyear Forward transformation plan. The business reported total revenue of $674 million, EBITDA of $130 million, total assets of $494 million and net assets of $344 million in December 2023.
Evercore is acting as exclusive financial advisor and Sullivan & Cromwell LLP is acting as legal advisor to Goodyear. 
