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Goodyear Tire & Rubber Company (GT)
NASDAQ:GT
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 30.11%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong free cash flow and successful execution of the Goodyear Forward transformation plan, including strategic divestitures and cost savings. However, challenges such as declining unit volumes, rising raw material costs, and the impact of low-end imports remain concerns. Overall, the highlights and lowlights are balanced.Company Guidance
During Goodyear's Fourth Quarter 2024 earnings call, the company reported a segment operating income of $385 million, achieving a margin of 7.8%, and highlighted $1 billion in free cash flow for the quarter. Over the course of the year, they generated $750 million in savings from their Goodyear Forward plan, contributing to a full-year increase in segment operating income of $350 million, excluding insurance recoveries. The company successfully reduced net leverage to 3x and announced strategic divestitures, including the sale of their OTR business and an agreement to sell the Dunlop brand. Looking ahead, they anticipate $750 million in transformation benefits in 2025, aiming for a 10% SOI margin in Q4, with global unit volumes expected to decline 2-3% in Q1.Strong Free Cash Flow
Goodyear generated over $1 billion in free cash flow during the fourth quarter, driven by strong working capital inflows.
Significant Progress with Goodyear Forward
The company executed nearly $500 million of transformation benefits, contributing to five consecutive quarters of margin expansion.
Successful Divestitures
Completed the divestiture of the OTR business and announced the agreement to sell the Dunlop brand, reinforcing focus on strategic growth.
Cost Savings and Debt Reduction
Net debt was reduced to $6.1 billion with plans to further reduce leverage using proceeds from divestitures, expected to save $70 million in annual interest expense.
Improved Segment Operating Income
Segment operating income grew by $350 million over $200 million, excluding insurance recoveries, marking the first income growth since 2015.
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GT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $8.17 | $9.58 | +17.26% |
| Nov 04, 2024 | $8.12 | $9.23 | +13.67% |
| Jul 31, 2024 | $11.70 | $9.84 | -15.90% |
| May 06, 2024 | $12.41 | $12.42 | +0.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Goodyear Tire & Rubber Company (GT) report earnings?
Goodyear Tire & Rubber Company (GT) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Goodyear Tire & Rubber Company (GT) earnings time?
Goodyear Tire & Rubber Company (GT) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GT EPS forecast?
GT EPS forecast for the fiscal quarter 2025 (Q1) is 0.14.
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