Goodyear Tire & Rubr Co Stock Price, News & Analysis

Goodyear Tire & Rubber Company (NASDAQ: GT) has announced the sale of its Chemical business to Gemspring Capital Management for $650 million. The transaction includes Goodyear Chemical facilities in Houston and Beaumont, Texas, and a research office in Akron, Ohio. The deal, expected to close by late 2025, includes a long-term supply agreement. Goodyear will retain its Chemical facilities in Niagara Falls, New York, and Bayport, Texas. The sale aligns with the company's Goodyear Forward transformation plan, with proceeds intended to reduce leverage and fund transformation initiatives. The transaction is subject to regulatory approval and customary closing conditions.

Goodyear Tire & Rubber Company (NASDAQ: GT) has elected Jason J. Winkler to its Board of Directors, effective May 15, 2025. Winkler, currently serving as executive vice president and CFO of Motorola Solutions, will join the board's Audit Committee and Committee on Corporate Responsibility and Compliance.

Winkler brings extensive global finance leadership experience from his 20+ year tenure at Motorola, where he has held various financial leadership positions in investor relations, global channel management, M&A, and product operations. In his current role, he oversees Motorola Solutions' financial strategy and leads finance, supply chain, and IT functions, contributing to significant transformation through growth, margin expansion, and balance sheet improvements.

Goodyear Tire & Rubber Company (NASDAQ: GT) has appointed Grégory Boucharlat as senior vice president of Global Commercial, reporting directly to CEO Mark Stewart. Boucharlat, a 30-year veteran at Goodyear, will oversee the company's global Commercial tire business while continuing to lead the Tires-as-a-Service (TaaS) organization.

Throughout his career at Goodyear, Boucharlat has held various leadership positions, including vice president of Commercial EU and vice president of TaaS. His extensive experience spans truck tire sales and commercial operations in Europe and globally. Based in Brussels, his appointment is effective immediately.

Goodyear (NASDAQ: GT) has launched its award-winning Eagle F1 Asymmetric 6 tire in North America. Named 2025 Test Winner by AutoBild Magazine, this premium summer tire features advanced technology for ultra-high-performance driving. The tire offers superior grip, handling, and comfort, with innovative features including SoundComfort® and SealTech technologies in select fitments.

The Eagle F1 Asymmetric 6 is available in over 100 sizes ranging from 17 to 23 inches, with 90% of SKUs 18 inches or larger. It's compatible with premium vehicles from BMW, Audi, Mercedes, Porsche, and Tesla. The tire comes with a 30,000-mile tread life limited warranty and is specifically designed to meet the demands of modern SUVs and EVs with its low rolling resistance and high load rating.

Goodyear (NASDAQ: GT) reported Q1 2025 results with net sales of $4.3 billion and tire unit volumes of 38.5 million. The company posted net income of $115 million ($0.40 per share), compared to a net loss of $57 million ($0.20 per share) in Q1 2024. However, adjusted net loss was $11 million, down from adjusted net income of $29 million year-over-year. Segment operating income decreased to $195 million, down $52 million from last year. The company completed two significant transactions: the sale of its OTR tire business for $905 million and the Dunlop brand for $735 million. The Goodyear Forward transformation plan delivered $200 million in benefits during Q1, maintaining its target of 10% segment operating margin and 2.0x-2.5x leverage by end of 2025.

Goodyear Tire & Rubber Company (NASDAQ: GT) has finalized the sale of its Dunlop brand rights to Sumitomo Rubber Industries (TYO: 5110) for consumer, commercial, and specialty tires in Europe, North America, and Oceania. The transaction, completed on May 7, 2025, generated total gross proceeds of $735 million, broken down as $526 million for the brand, $105 million for transition support, and $104 million for inventory.

The sale aligns with the Goodyear Forward transformation plan, aimed at optimizing the company's portfolio and reducing leverage. CEO Mark Stewart emphasized that this strategic move will help sharpen focus on Goodyear's core brands while continuing their operational transformation and targeted segment growth.

Goodyear Tire & Rubber Company (NASDAQ: GT) has scheduled its first quarter 2025 financial results announcement for May 7, 2025, after market close. The company will host an investor conference call the following day, May 8, at 8:30 a.m. ET. The earnings release and presentation materials will be available on Goodyear's investor relations website.

Investors can participate in the conference call via telephone or through the website. The company, which employs approximately 68,000 people and operates 53 manufacturing facilities across 20 countries, maintains two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, focused on developing advanced tire technology and services.

Titan International has expanded its Goodyear brand licensing rights into new product segments, including light construction/industrial, ATV, lawn and garden, and golf tires. The company also renewed its licensing rights for Goodyear Farm Tires in the agricultural segment.

Based in West Chicago, Titan's expanded portfolio now ranges from small golf cart tires to the world's largest farm tires, featuring their unique Low Sidewall Technology. CEO Paul Reitz highlighted that research teams are already developing new tire designs for the lawn and garden segment.

The strategic expansion covers markets across Americas, Europe, Africa, and Oceania, strengthening Titan's position as a leading manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. This move aims to provide customers with a comprehensive "one-stop shop" solution for tire and wheel needs across forestry, powersports, outdoor power equipment, agricultural, earthmoving, and light construction sectors.

Goodyear has announced a special celebration for its blimp's 100th anniversary in 2025, featuring a vintage makeover of its Wingfoot One airship. The blimp will sport a black and silver color scheme inspired by Goodyear's first branded blimp, Pilgrim, complete with a vintage logo and the historic blue and yellow house flag.

The redesigned Wingfoot One will make its debut appearance at an undisclosed location, with fans encouraged to guess its first destination on social media. The company plans a 100+ city tour throughout the year, with celebrations officially beginning on June 3, 2025.

As part of the festivities, Goodyear is launching a 'Buy for a Chance to Fly' sweepstakes from January 1 to April 10, 2025. Three winners will receive a blimp flight certificate for two passengers and a $3,000 travel voucher. The company's other blimps will maintain their traditional blue and yellow design.