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The Goodyear Tire and Rubber Company  (GT)
Other Ticker:  
 
 
Price: $12.1000 $-0.21 -1.706%
Day's High: $12.25 Week Perf: 5.77 %
Day's Low: $ 11.90 30 Day Perf: 7.65 %
Volume (M): 3,056 52 Wk High: $ 16.51
Volume (M$): $ 36,975 52 Wk Avg: $12.86
Open: $12.19 52 Wk Low: $10.60



 Market Capitalization (Millions $) 3,449
 Shares Outstanding (Millions) 285
 Employees 67,000
 Revenues (TTM) (Millions $) 20,324
 Net Income (TTM) (Millions $) -496
 Cash Flow (TTM) (Millions $) -411
 Capital Exp. (TTM) (Millions $) 807

The Goodyear Tire And Rubber Company
Goodyear is one of the world's leading manufacturers of tires and rubber products, engaging in operations in most regions of the world.

Goodyear's principal business is the development, manufacture, distribution and sale of tires for most applications. We also:

''manufacture and market''

''several lines of rubber and other products for the transportation industry and various other industrial and consumer markets; and

''synthetic rubber and rubber-related chemicals for various applications.

''provide automotive repair and other services at retail and commercial outlets.

''sell various other products.

Our principal business is the development, manufacture, distribution and sale of tires and related products and services worldwide. We manufacture and market numerous lines of rubber tires for:

''automobiles

''trucks

''buses

''aircraft

''motorcycles

''farm implements

''earthmoving equipment

''industrial equipment

''various other applications

in each case for sale to vehicle manufacturers for mounting as original equipment ('OE') and in replacement markets worldwide. We manufacture and sell tires under the Goodyear-brand, the Dunlop-brand, the Kelly-brand, the Fulda-brand, the Debica-brand, the Sava-brand and various other Goodyear owned 'house' brands, and the brands of certain customers. In certain markets we also:

''retread truck, aircraft and heavy equipment tires.

''manufacture and sell tread rubber and other tire retreading materials.

''provide automotive repair services and miscellaneous other products and services.

''manufacture and sell flaps for truck tires and other types of tires.

Product Launch. On February'6, 2004, we launched our new line of Assurance' passenger tires. The Goodyear Assurance featuring ComforTred Technology' is a premium auto tire that promises a quiet ride and high comfort, a choice for drivers of premium luxury vehicles. Assurance featuring TripleTred Technology' features all weather performance through three unique tread zones ' Water Zone, Ice Zone and Dry Zone, and is intended for broad market appeal. In February' 2004, we also launched two new lines of high performance summer passenger tires in Europe: Goodyear HydraGrip', specially developed for rainy and wet weather conditions featuring DynamicDrain TRED technology; and Dunlop Sport Maxx', a tire with outstanding dry handling capability featuring Multi Radius Tread technology.

New tires are sold under highly competitive conditions throughout the world. On a worldwide basis, Goodyear has two major competitors: Bridgestone (based in Japan) and Michelin (based in France). Other significant competitors include Continental, Cooper Tire, Pirelli, Toyo, Yokohama, Kumho, Hankook and various regional tire manufacturers.



   Company Address: 200 Innovation Way Akron 44316 OH
   Company Phone Number: 796-2121   Stock Exchange / Ticker: NASDAQ GT
   


Customers Net Income grew by GT's Customers Net Profit Margin grew to

11.47 %

7.89 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



The Goodyear Tire And Rubber Company

Goodyear Tire And Rubber Company Struggles with Revenue Plunge in Third Quarter of 2023

The Goodyear Tire And Rubber Company is one of the leading tire manufacturers in the world. However, recent financial results have shown a decline in revenue and profitability.
In the third quarter of 2023, the company experienced a decrease in revenue by -3.182% to reach $5.14 billion. This decline in revenue led to a decrease in earnings per share, with a shortfall of $-0.31 per share compared to $0.16 per share in the same quarter of the previous year. On the positive side, there was a growth in revenue compared to the prior quarter, with a rise of 5.65% from $4.87 billion. Additionally, earnings per share improved from $-0.73 in the prior quarter.

The Goodyear Tire And Rubber Company

Goodyear Tire and Rubber Company Witnesses Marginal Decline in Q2 2023 Revenue



The Goodyear Tire And Rubber Company, a leading manufacturer of tires, recently released its financial results for the most recent fiscal period. The report indicates increasing losses per share, declining revenue, and a significant drop in net income compared to the same period last year. These alarming figures suggest tough times ahead for the company. This article aims to examine these financial results in the context of the company's performance, as well as its stock performance and market outlook.
Declining Earnings and Revenue:
The most recent fiscal period has been challenging for The Goodyear Tire And Rubber Company, as it reported a loss per stock of $-0.73 per share, indicating a sharp decline from the previous year's profit of $0.58 per share. Additionally, the loss increased from $-0.35 per share in the previous quarter, highlighting the continued struggle to turn a profit.

The Goodyear Tire And Rubber Company

The Goodyear Tire And Rubber Company's First Quarter 2023 Earnings Season Highlights Mixed Results with a Larger Deficit Than the Previous Year

The first quarter of 2023 earnings season for The Goodyear Tire And Rubber Company has shown both positive and negative results. While EPS improved from the previous reporting period, the company logged in a net deficit of $-99.000 million, instead of the bottom line of $96.000 million seen in the same reporting period a year before.
Earnings per share (EPS) for the first quarter of 2023 was recorded at $-0.35 per share, a considerable decline compared to $0.33 a year prior. In contrast, EPS improved from $-0.36 per share from the previous reporting period. Meanwhile, the company managed to maintain a slight growth in revenue, which grew slightly by 0.672% to $4.94 billion from $4.91 billion in the same reporting period a year prior. However, sequentially revenue deteriorated by -8.057% from $5.37 billion.






 

The Goodyear Tire And Rubber's Segments
 
North American Tire
 Segment     of total Revenue
European Union Tire
 Segment     of total Revenue
Latin American Tire
 Segment     of total Revenue
Asia Tire
 Segment     of total Revenue
Total Tires
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
The Goodyear Tire And Rubber does not provide revenue guidance.

Earnings Outlook
The Goodyear Tire and Rubber Company does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
International

The Goodyear Tire And Rubber's Operating Statistics Decrease / Increase
       
North American Tire Units Sold (millions)    North American Tire Units Sold (millions) Growth   
EMEA Tire Units Sold (millions)   EMEA Tire Units Sold (millions) Decline   
Eastern Europe & Other Tire Units Sold (millions)     
Latin American Tire Units Sold (millions)    Latin American Tire Units Sold (millions) Growth   
Asia Tire Units Sold (millions)   Asia Tire Units Sold (millions) Decline   
Total Tire Units Sold (millions)    Total Tire Units Sold (millions) Growth   
North American Tire Avg. Sales Price ($)   North American Tire Avg. Sales Price ($) Decline   
EMEA Tire Avg. Sales Price ($)   EMEA Tire  Avg. Sales Price ($) Decline   
Eastern Europe & Other Tire Avg. Sales Price ($)     
Latin American Tire Avg. Sales Price ($)   Latin American Tire Avg. Sales Price ($) Decline   
Asia Tire Avg. Sales Price ($)    Asia Tire Avg. Sales Price ($) Growth   
Total Tire Avg. Sales Price ($)   Total Tire Avg. Sales Price ($) Decline   
North American Tire Profit Per Unit Sold ($)    North American Tire Profit Per Unit Sold ($) Growth   
EMEA Tire Profit Per Unit Sold ($)   EMEA Tire Profit Per Unit Sold ($) Decline   
Eastern Europe & Other Tire Profit Per Unit Sold ($)     
Latin American Tire Profit Per Unit Sold ($)   Latin American Tire Profit Per Unit Sold ($) Decline   
Asia Tire Profit Per Unit Sold ($)    Asia Tire Profit Per Unit Sold ($) Growth   
Total Tire Profit Per Unit Sold ($)    Total Tire Profit Per Unit Sold ($) Growth   




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