The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires and related products and services across the Americas, Europe, the Middle East, Africa, and Asia Pacific. It offers tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, and other applications under brands including Goodyear, Cooper, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington, as well as house and private-label brands. The company also provides retread truck and aviation tires, automotive maintenance and repair services under the Goodyear or Just Tires names, and products and services to trucking fleets. It operates approximately 750 retail outlets and sells online through www.goodyear.com and www.goodyeartrucktires.com. Goodyear was incorporated in 1898 and is headquartered in Akron, Ohio.
Goodyear to Close Two Chemical Plants, Cutting 85 Jobs
Goodyear Tire & Rubber Company will close its remaining chemical plants in Niagara Falls, New York, and Bayport, Texas, eliminating about 85 jobs, most of them in Niagara Falls. The company is exiting the remaining chemical business after selling most of its polymer operations in 2025, and says it will concentrate on core tire products and services. Goodyear expects to complete the rationalization plan substantially by the end of 2027 and estimates total pre-tax charges of between $55M and $75M, of which approximately $30M is expected to be cash charges primarily for plant decommissioning and associate-related and other exit costs, with the remainder expected to be non-cash charges mainly for accelerated depreciation and other asset-related charges. The company also expects to record approximately $35M of pre-tax charges in Q3 and approximately $15M during the remainder of 2026, with most cash outflows occurring by the end of 2027. The actions are expected to improve Americas segment operating income by approximately $15M to $20M annually beginning in 2027.
GT · Capital · Positive Goodyear is closing two chemical plants and exiting its remaining chemical business, expecting $15M-$20M annual operating income improvement from 2027 despite $55M-$75M in pre-tax charges.
THOR Industries reported second-quarter revenues of $2.31 billion, down 8.4% year on year but exceeding analysts' expectations by 6.1%, even as the company significantly missed analysts' EBITDA and EPS estimates. The RV maker's results came as the 11 automobile manufacturing stocks tracked in the group reported a mixed quarter, with revenues as a group beating consensus estimates by 2.2% while share prices fell an average of 11.1% since the latest earnings results. THOR stock is up 1.4% since reporting and currently trades at $70.93. Among peers, Rivian reported revenues of $1.66 billion, up 27.2% year on year and beating expectations by 7.9%, while Winnebago posted revenues of $698.7 million, down 9.9% year on year and missing expectations by 7.9%. Goodyear reported revenues of $4.25 billion, down 4.8% year on year, and Mobileye reported revenues of $508 million, flat year on year.
THO · Capital · Neutral THOR Q2 revenue beat estimates but missed EBITDA and EPS estimates
WGO · Capital · Neutral Winnebago cited as peer with revenue down 9.9% and missing expectations
GT · Capital · Neutral Goodyear reported revenues of $4.25 billion, down 4.8% year on year, mentioned only as part of the mixed auto-manufacturing group.
MBLY · Capital · Neutral Mobileye reported revenues of $508 million, flat year on year, mentioned only in passing among peers.
RIVN · Capital · Neutral Rivian reported revenues of $1.66 billion, up 27.2% year on year and beating expectations, but is only a peer comparison in THOR's story.
Goodyear Extends Turnaround Timeline as Debt and Losses Persist
The Goodyear Tire & Rubber Company has extended the timeline for its "Goodyear Forward" turnaround plan after key financial targets went unmet, with CEO Mark Stewart telling CNBC the company is working toward a 10% operating margin and meaningful cash flow. Debt remained above $7 billion at the end of the second quarter, and the company posted a $453 million net loss through the first half of the year against operating income of just $131 million, a 1.6% margin. The business has been hit by tariffs, elevated raw material costs, and expanding competition from cheaper Chinese tire imports. Capital expenditures, which ran roughly $2 billion combined in 2024 and 2025, are expected to fall to $725 million this year as the company prioritizes debt paydown and refinancing.
GT · Competition · Negative Expanding competition from cheaper Chinese tire imports is cited as a hit to Goodyear's business
GT · Tariff · Negative Goodyear's turnaround timeline extended as tariffs, raw material costs, and Chinese import competition pressure margins and cash flow
Goodyear Q2 Earnings Call Reveals Analyst Questions on Volumes, Costs
Goodyear reported second-quarter revenue of $4.25 billion, beating analyst estimates of $4.21 billion but still down 4.8% year over year, while adjusted EPS came in at a loss of $0.61 per share versus expectations of a $0.63 loss. CEO Mark Stewart attributed the results to persistent weakness in the Americas, particularly in consumer replacement tires, though he noted channel destocking moderated from the first quarter. Interim CFO Scott Deakin said margin compression was driven mainly by lower volumes and unfavorable fixed cost absorption, with inflation and tariff costs compounding the issue. During the earnings call, analysts pressed management on topics including the balance between replacement and OE volumes, capacity rationalization beyond the Fayetteville closure, raw material cost timing, the role of the U.S. retail business, and how SKU rationalization would affect future volume growth. Stewart indicated that OE growth is expected to continue while replacement declines moderate, leading to flat year-over-year global volumes, and that new high-value SKUs are expected to drive low-single-digit global volume growth.
GT · Capital · Negative Q2 revenue missed estimates and adjusted EPS loss was larger than expected, with margin compression from lower volumes and fixed cost absorption.
Goodyear Q2 revenue beats estimates but EPS misses
Goodyear reported second-quarter revenue of $4.25 billion, a 4.8% year-over-year decline but slightly above the Zacks Consensus Estimate of $4.23 billion. The company posted a loss per share of $0.61, missing the consensus estimate of a $0.59 loss. Total tire units reached 36.5 million, exceeding the analyst estimate of 35.15 million, with all regional segments—Americas, Asia Pacific, and Europe, Middle East and Africa—surpassing expectations. Net sales in the Americas came in at $2.38 billion, below the $2.48 billion estimate, while Asia Pacific and Europe, Middle East and Africa both beat their respective estimates.
Obion County, Tennessee, swung toward Trump support amid Goodyear plant closure and influx of Chinese tires
In the 2000 U.S. presidential election, Obion County, Tennessee, was evenly split between Republican and Democratic support. By 2016, roughly 80 percent of voters cast ballots for Donald Trump. Behind this political shift were the closure of a Goodyear tire plant, the area’s largest employer, and the influx of Chinese-made tires. Since opening in 1969, the plant had provided high-paying jobs where high school graduates could earn 100,000 dollars a year including overtime. But from 2004 to 2008, imports of Chinese passenger vehicle tires more than tripled to over 45 million units, forcing the closure of at least four domestic plants. Goodyear announced the shutdown of its Union City plant in February 2011, eliminating 1,900 jobs. The county’s unemployment rate climbed to nearly 17 percent by August of that year, about 2 million dollars in weekly payroll vanished, and an estimated 2,000 to 4,000 jobs at related businesses were put at risk. By 2017, three-quarters of the county’s manufacturing jobs had disappeared, and more than a decade after the plant closure, the unemployment rate remained roughly one percentage point above the statewide level.
GT · Competition · Negative Goodyear's Union City plant closed in 2011 due to competition from Chinese tire imports, eliminating 1,900 jobs.
GYT.BK · Demand · Positive Goodyear Thailand may benefit from increased demand for tires produced outside the US due to trade shifts, but article does not mention it directly.
Argus lowered its price target on The Goodyear Tire & Rubber Company to $9 from $13 while maintaining a Buy rating, citing challenges including rising raw material costs, higher capital expenditures, slower demand, and low-priced Asian imports. The firm believes Goodyear is addressing these issues through its Goodyear Forward plan, which focuses on divesting noncore assets, reducing debt, cutting structural costs, and prioritizing premium tire segments. JPMorgan also cut its price target on the stock to $9 from $10 on May 11, keeping an Overweight rating.
Allison Transmission to Join S&P MidCap 400, Goodyear Moves to SmallCap 600
S&P Dow Jones Indices announced that Allison Transmission Holdings will replace Goodyear Tire & Rubber in the S&P MidCap 400, and Goodyear Tire & Rubber will replace Stellar Bancorp in the S&P SmallCap 600, effective before trading opens on Monday, July 6. The changes are driven by S&P MidCap 400 constituent Prosperity Bancshares acquiring Stellar Bancorp in a deal expected to close July 1. Allison Transmission, classified in the Industrials sector, will be added to the MidCap 400, while Goodyear, in Consumer Discretionary, moves to the SmallCap 600. Stellar Bancorp, a Financials sector company, will be removed from the SmallCap 600.
Goodyear CFO Christina Zamarro to Depart in July 2026, Scott Deakin Named Interim CFO
Goodyear Tire & Rubber announced that Chief Financial Officer Christina L. Zamarro will leave the company in July 2026 to become CFO at DePuy Synthes. Veteran finance executive Scott M. Deakin has been appointed interim CFO and principal financial officer while a permanent successor is sought. The transition is not tied to Goodyear's reported financial or operating performance. The news follows Goodyear's first quarter 2026 results, which showed sales of US$3,881 million and a net loss of US$249 million. Investors may focus on how a new finance leader could influence priorities around cost discipline, capital allocation, and debt reduction, which are central to the company's restructuring and margin improvement story.
GT · Capital · Neutral CFO departure and interim appointment may shift capital allocation priorities, but impact is uncertain and not tied to performance.
Goodyear Named Bear of the Day as Earnings Estimates Plunge
Goodyear Tire & Rubber has been named the Zacks Bear of the Day as earnings estimates deteriorate sharply. Current year EPS estimates have fallen 157% into deeply negative territory, while next year estimates are down 27%, earning the stock a Zacks Rank #5 (Strong Sell). Sales are projected to decline 3% this year before a modest 2% recovery next year, and the stock is approaching multi-decade lows amid soft tire demand and competitive pressure. Until the company demonstrates sustained volume recovery, margin improvement, and positive estimate revisions, the setup remains weak.
Goodyear Stock Drops 31.5% in Six Months, Analysts Recommend Avoiding It
Goodyear's stock has fallen 31.5% over the last six months to $6.17 per share, prompting analysts at StockStory to recommend investors avoid the tire maker. The firm cites three concerns: revenue grew at a mediocre 7% compounded annual rate over five years, earnings per share plunged 56.8% over the last two years, and free cash flow margin averaged negative 1.5% over five years, meaning the company burned $1.48 in cash for every $100 in revenue. With no reliable forward earnings estimates, the stock trades at a forward price-to-sales ratio of 0.1 times. StockStory suggests looking at semiconductor picks instead.
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