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Goodyear Tire & Rubber Co (GT.OQ)

GT.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Goodyear Sees 2018 Raw Materials Costs Up $270 Mln Vs Prior Expectation Of Up $190 Mln
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR CEO SAYS WE CONTINUE TO HAVE A CONSTRUCTIVE OUTLOOK FOR OUR U.S. COMMERCIAL TRUCK BUSINESS AS DRIVERS OF INDUSTRY DEMAND REMAIN ROBUST, INCLUDING TON MILES, UTILIZATION RATES AND SPOT RATES - CONF CALL.GOODYEAR CFO ON OE SALES IN INDIA - RECENT WEAKNESS RESULT OF NATIONAL TRANSPORTATION STRIKE AND FLOODING, TIGHTENING LIQUIDITY, RISING FUEL COSTS AND INSURANCE REGULATION.GOODYEAR CFO SAYS WHILE WE'VE TAKEN STEPS ON PRICING, WE'VE ALSO SEEN INCREASES ON OUR RAW MATERIAL COSTS FOR Q4 - CONF CALL.GOODYEAR SEES 2018 RAW MATERIALS COSTS UP $270 MILLION VERSUS PRIOR EXPECTATION OF UP $190 MILLION - CONF CALL.GOODYEAR SEES 2018 GLOBAL VOLUME TO RISE 1 PERCENT VERSUS PRIOR FORECAST OF UP 1 PERCENT TO 1.5 PERCENT - CONF CALL.GOODYEAR CFO SAYS HIGHER RAW MATERIAL COST REFLECTS IMPACT OF CURRENCY IN EMERGING MARKETS AND HIGHER INPUT COSTS, PARTICULARLY FOR CARBON BLACK AND OTHER OIL-BASED DERIVATIVES SOURCED FROM CHINA.GOODYEAR CFO ON RAW MATERIALS FROM CHINA - COST INCREASES PARTLY DUE TO STRICTER ENFORCEMENT OF ENVIRONMENTAL REGULATIONS IN CHINA.GOODYEAR CFO ON ENVIRONMENTAL REGULATIONS IN CHINA - SEVERAL OF OUR CHINA SUPPLIERS HAVE CURTAILED PRODUCTION AND RAISED PRICES TO COVER COST OF UNPLANNED INVESTMENTS TO MEET NEW STANDARDS.  Full Article

Goodyear Reports Q3 Adj EPS Of $0.68
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.68.Q3 EARNINGS PER SHARE $1.48.Q3 SALES $3.9 BILLION VERSUS I/B/E/S VIEW $3.94 BILLION.Q3 EARNINGS PER SHARE VIEW $0.75 -- THOMSON REUTERS I/B/E/S.RESULTS REFLECT IMPACT OF CHINA SLOWDOWN AND STRENGTHENING U.S. DOLLAR.QTRLY TIRE UNIT VOLUMES TOTALED 40.5 MILLION, UP 2 PERCENT FROM 2017.REVISED ITS EXPECTATIONS FOR 2018 SEGMENT OPERATING INCOME TO REFLECT INCREASINGLY CHALLENGING INDUSTRY ENVIRONMENT.GOODYEAR TIRE & RUBBER - EXPECTS 2018 SEGMENT OPERATING INCOME TO EXCEED $1.3 BILLION.GOODYEAR TIRE & RUBBER - 2018 OUTLOOK REFLECTS IMPACT OF HIGHER RAW MATERIAL COSTS, FURTHER INDUSTRY WEAKNESS IN CHINA, ECONOMIC VOLATILITY IN BRAZIL.  Full Article

Goodyear Tire & Rubber Units Amended Pan-European Accounts Receivable Securitization Facility
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR TIRE & RUBBER - ON SEPT 28, CO'S EUROPEAN UNITS AMENDED AND RESTATED PAN-EUROPEAN ACCOUNTS RECEIVABLE SECURITIZATION FACILITY - SEC FILING.GOODYEAR TIRE & RUBBER CO - EXTENDING THE MATURITY TERM FOR SECURITIZATION FACILITY THROUGH 2023.GOODYEAR TIRE & RUBBER CO - FACILITY PROVIDES MAXIMUM AMOUNT NOT LESS THAN EUR 30 MILLION AND NOT MORE THAN EUR 450 MILLION.GOODYEAR TIRE & RUBBER CO - FOR PERIOD FROM OCTOBER 18, 2018 TO OCTOBER 17, 2019, DESIGNATED MAXIMUM AMOUNT OF FACILITY WILL BE EUR 320 MILLION.  Full Article

Goodyear Says Winter Orders Are Off To A Strong Start
Friday, 27 Jul 2018 

July 27 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR SAYS WINTER ORDERS ARE OFF TO A STRONG START AND WELL AHEAD OF THE LEVELS WE HAD AT THIS TIME LAST YEAR - CONF CALL.GOODYEAR SAYS HEADWINDS WILL HAVE AN IMPACT OF ABOUT $260 MILLION ON BUSINESS IN THE SECOND HALF OF THE YEAR.GOODYEAR SAYS SEEING TIGHTENING CREDIT ENVIRONMENT IMPACT CONSUMER OE AND REPLACEMENT DEMAND IN CHINA.GOODYEAR SAYS CHINA OFFERS TREMENDOUS LONG-TERM GROWTH OPPORTUNITY DESPITE THE RECENT SLOW DOWN.GOODYEAR SEES Q3 TIRE VOLUME UP ABOUT 3%.GOODYEAR SEES FY 2018 TIRE VOLUME UP 1%-1.5%.GOODYEAR CEO RICHARD KRAMER SAYS DON'T FEEL FUNDAMENTALLY THAT OUR 2020 PLAN IS FLAWED.GOODYEAR CEO SAYS WILL CONTINUE TO BE VERY AGGRESSIVE ON COSTS, WILL BE VERY AGGRESSIVE IN TERMS OF DEALING WITH SUPPLY CAPACITY, COST STRUCTURE.  Full Article

Goodyear Q2 Earnings Per Share $0.65
Friday, 27 Jul 2018 

July 27 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR REPORTS SECOND QUARTER, FIRST HALF 2018 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.62.Q2 EARNINGS PER SHARE $0.65.Q2 SALES $3.8 BILLION VERSUS I/B/E/S VIEW $3.84 BILLION.Q2 EARNINGS PER SHARE VIEW $0.61 -- THOMSON REUTERS I/B/E/S.TIREHUB LAUNCH ON TRACK; TRANSITION AHEAD OF PLAN.REPURCHASES $75 MILLION OF COMMON STOCK.QTRLY GLOBAL TIRE UNIT SHIPMENTS INCREASE 4%.EXPECTS 2018 SEGMENT OPERATING INCOME TO TOTAL BETWEEN $1.45 BILLION AND $1.5 BILLION.GOODYEAR TIRE & RUBBER SAYS "WHILE OUR EXECUTION IN PERIOD WAS ROBUST, MACRO HEADWINDS ARE INTENSIFYING".GOODYEAR TIRE & RUBBER - MACRO HEADWINDS IN PERIOD INCLUDE RISING RAW MATERIAL COSTS, STRONGER U.S. DOLLAR & SOFTENING MARKET CONDITIONS IN CHINA.GOODYEAR TIRE & RUBBER SAYS ADJUSTING PLANS ACCORDINGLY TO MITIGATE IMPACT OF MACRO CHALLENGES OVER INTERMEDIATE-TERM.  Full Article

Goodyear Says CFO Laura Thompson To Retire In Q1 2019
Monday, 18 Jun 2018 

June 18 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR ANNOUNCES RETIREMENT OF CHIEF FINANCIAL OFFICER.GOODYEAR TIRE & RUBBER CO - CFO LAURA THOMPSON TO RETIRE IN Q1 OF 2019.GOODYEAR TIRE & RUBBER - HAS COMMENCED A SEARCH FOR THOMPSON'S SUCCESSOR.  Full Article

Goodyear Tire & Rubber Reports Q1 Adjusted Earnings Per Share Of $0.50
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.50.Q1 EARNINGS PER SHARE $0.31.Q1 SALES $3.8 BILLION VERSUS I/B/E/S VIEW $3.81 BILLION.Q1 EARNINGS PER SHARE VIEW $0.46 -- THOMSON REUTERS I/B/E/S.QTRLY TIRE UNIT VOLUMES TOTALED 39 MILLION, DOWN 2.5 PERCENT.CONFIRMS 2020 SEGMENT OPERATING INCOME TARGET OF $2.0-$2.4 BILLION.COMPANY REAFFIRMS 2018 SEGMENT OPERATING INCOME GUIDANCE OF $1.8-$1.9 BILLION EXCLUDING TIREHUB TRANSITION.  Full Article

Goodyear Forms JV With Bridgestone
Tuesday, 17 Apr 2018 

April 16 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR, BRIDGESTONE JOIN FORCES TO FORM U.S. NATIONAL TIRE DISTRIBUTOR.GOODYEAR TIRE & RUBBER CO SAYS JV WITH BRIDGESTONE TO BE CALLED TIREHUB LLC.GOODYEAR TIRE & RUBBER CO - TIREHUB WILL BE A 50-50 JOINT VENTURE BETWEEN GOODYEAR AND BRIDGESTONE.  Full Article

Goodyear Tire Says Preliminary Q4 Total Company Volume Up 2 Pct
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR TIRE & RUBBER CO SAYS PRELIMINARY Q4 TOTAL COMPANY VOLUME UP 2% - PRESENTATION.GOODYEAR TIRE & RUBBER CO SAYS CURRENT ESTIMATE OF ABOUT $230 MILLION FOR ONE-TIME, NON-CASH TAX CHARGE IN Q4.GOODYEAR TIRE & RUBBER CO SAYS AT CURRENT SPOT RATES, SEE 2018 RAW MATERIAL TAILWIND OF $75 MILLION.GOODYEAR TIRE & RUBBER CO SAYS EXPECT 2018 SEGMENT OPERATING INCOME OF $1,800 MILLION - $1,900 MILLION.  Full Article

Goodyear Tire & Rubber sees FY 2017 capital expenditures‍​ about $800 mln– $900 mln
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Goodyear Tire & Rubber Co :Sees FY 2017 capital expenditures‍​ about $800 mln– $900 mln - presentation.Sees FY 2017 restructuring payments about $225 mln - presentation.  Full Article