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A month has gone by since the last earnings report for Goodyear (GT - Free Report) . Shares have lost about 9.6% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Goodyear due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for The Goodyear Tire & Rubber Company before we dive into how investors and analysts have reacted as of late.

Goodyear Q2 Loss Wider Than ExpectedGoodyear incurred an adjusted loss of 61 cents per share in the second quarter of 2026, wider than the Zacks Consensus Estimate of a loss of 59 cents. The adjusted loss widened 258.8% year over year, translating into a 3.4% earnings miss.

Net sales fell 4.8% year over year to $4.25 billion but topped the consensus estimate of $4.23 billion by 0.6%. Tire unit volume declined 4% to 36.5 million units as lower consumer replacement demand weighed on results, particularly in the Americas.

Total segment operating income declined to $36 million from $159 million a year ago, while segment operating margin contracted to 0.8% from 3.6%. Excluding the impact of the Chemical business and Dunlop brand sales, segment operating income decreased $79 million.

Lower volume reduced segment operating income by $132 million, while tariffs and other costs were a $100 million headwind and inflation reduced results by $53 million. These pressures were partly offset by $123 million of favorable price and mix versus raw materials and $95 million of Goodyear Forward benefits.

Goodyear Americas Faces Replacement PressureAmericas net sales declined 10.5% year over year to $2.38 billion, while tire unit volume fell 8.7% to 17.4 million. Replacement volume decreased 13% due to lower-tier product rationalization, lower industry sell-in volume in North America and increased competition. OE volume rose 8.7% on market share gains.

The segment posted an operating loss of $10 million against an income of $141 million a year ago, with margin falling to negative 0.4% from 5.3%. Goodyear expects the planned Fayetteville facility closure to improve Americas segment operating income by about $90 million in 2027 and around $270 million annually beginning in 2028.

GT EMEA Improves Despite Soft Replacement DemandEMEA sales increased 2.1% year over year to $1.37 billion, supported by price and mix and favorable currency effects. Tire unit volume slipped to 11.2 million from 11.3 million, as replacement volume fell 7.1% amid consumer market softness, competition and continued rationalization of lower-tier offerings.

The segment operating loss narrowed to $17 million from $25 million, and margin improved to negative 1.2% from negative 1.9%. OE tire unit volume rose 8.3%, marking the 10th consecutive quarter of consumer market share gains.

Goodyear Asia Pacific Extends Margin GainsAsia Pacific net sales rose 8.1% year over year to $496 million, aided by higher volume and price and mix benefits. Tire unit volume increased 5.3% to 7.9 million, with replacement volume up 6.4% on stronger consumer demand and OE volume rising 4.2%, mainly on growth in China and Japan.

Segment operating income increased to $63 million from $43 million, while margin expanded to 12.7% from 9.4%. The improvement reflected favorable price and mix versus raw materials, Goodyear Forward savings and higher volume.

Cash Flow Improves as Net Debt DeclinesCash flow from operating activities was $98 million in the second quarter, improving from an outflow of $180 million a year ago. Free cash flow was negative $69 million compared with negative $387 million in the prior-year quarter.

Cash and cash equivalents totaled $861 million as of June 30, 2026, up from $801 million as of Dec. 31, 2025. Net debt stood at $6.33 billion, down from $722 million year over year. During the quarter, Goodyear issued about $1 billion of senior notes and plans to use the proceeds to repay its 2027 senior notes.

Outlook Calls for Higher Price and Mix BenefitsFor the third quarter of 2026, Goodyear expects global unit volumes to be roughly flat year over year. Price and mix are projected to provide about $110 million of benefit and Goodyear Forward about $70 million, while raw materials are expected to be a roughly $20 million headwind.

The company also expects about $70 million of unabsorbed overhead pressure, roughly $10 million of tariff headwinds and around $95 million of inflation and other cost increases in the third quarter. For full-year 2026, Goodyear expects about $325 million of Goodyear Forward benefits, capital expenditures of roughly $725 million and interest expense of approximately $425 million.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in estimates revision.

The consensus estimate has shifted -69.45% due to these changes.

VGM ScoresAt this time, Goodyear has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a score of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Goodyear has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

DETROIT — Goodyear Tire & Rubber CEO Mark Stewart sits in the vehicle bay of a tire shop where the company is launching a new retail experience for customers.

There's a freshly painted black facade on the revamped Detroit store, with the words "Motor City" added in white flanking Goodyear's winged foot logo. It's dressed up for a private event tied to a nearby annual car festival called the Woodward Dream Cruise.

But despite the stylish touches, it's still a tire shop. The smell of rubber and oil remains in the air, and the sound of workers changing tires combines with music from a DJ inside the shop's waiting room.

The scene symbolizes Stewart's ongoing "Goodyear Forward" turnaround plan. He's trying to make tires — a historically dirty business — more attractive to investors and friendlier for consumers.

"We have made so much progress, and when you think about it from the standpoint of the Goodyear Forward program, it was really to get our feet back on the ground towards being the iconic company that we always were," Stewart, wearing an unbuttoned navy blue Goodyear technician shirt, told CNBC during an interview at the shop.

But while Goodyear is well known for burning rubber, it's also burning cash as it restructures, tries to refinance, and pays down years of debt.

The company's capital expenditures were roughly $2 billion combined in 2024 and 2025, with expectations of $725 million this year. Its debt remained above $7 billion at the end of the second quarter.

Goodyear's net loss was $453 million through the first half of the year, while its operating income was $131 million, or a 1.6% margin. 

Under the turnaround plan, Stewart wanted Goodyear to reach a 10% operating margin by the end of last year. Instead, that came in at 8.5% in the fourth quarter, and it's still an outstanding goal for the company to hit that mark.

"We're working on getting to that double-digit margin, and we're working on meaningfully generating cash flow," Stewart said. "It's been a long time since Goodyear's done that. That we absolutely must do."

The automotive veteran was named CEO of Goodyear after leaving Chrysler parent Stellantis in January 2024. Since then, shares of the company have fallen more than 50% despite Goodyear achieving many of the milestones he's set out to accomplish with the plan.

Stewart doesn't make excuses for missing the targets, even though Goodyear's business, like many, has been impacted by tariffs, inflated raw material costs, and the expansion of cheaper Chinese products.  

"We still have a lot of geopolitical headwinds that we're working through … a lot of headwinds with raw material indexes and a bit of the hangover from the tariff environment," he said, adding that overseas manufacturers continue to have cost advantages compared to Goodyear.

Goodyear Tire & Rubber Co. stock

Goodyear's raw material costs are expected to be roughly flat year over year, but a $200 million headwind in the second half, largely due to higher commodity costs associated with the conflict in the Middle East, according to the company and Wall Street analysts.

"Goodyear has faced many big challenges over the past few years, ranging from slower consumer (and commercial) demand, to rising raw material costs, to higher capital expenditures (capex), to low-priced Asian imports (into the U.S.), and, more recently, to trade and tariff legislation. It hasn't been easy for Goodyear," Argus analyst Bill Selesky said in an Aug. 17 investor note.

Goodyear is rated a hold with a price target of $7.60, according to average analyst ratings compiled by FactSet. Its shares closed Friday at $6.35, down 27% this year.

Goodyear Forward rolls onThe Goodyear Forward turnaround strategy was initially expected to be a two-year plan that went through last year, but the CEO has continued it as he and his executive team map out what's next for the 128-year-old Akron, Ohio-based company.

"At the right time, we will announce that," Stewart said. "We continue to press ahead to the next challenges and make sure we get the business in the right space."

The Goodyear Forward plan had already been released when Stewart was named incoming CEO, but he has made it his own, including by adding cuts and cost savings. The turnaround plan has cut roughly $1.5 billion in annualized costs, according to the company.

Part of Stewart's plan has been to move Goodyear more into the premium tire segment, including by selling off units such as its Dunlop brand. It also plans to launch more than 1,600 new products this year, most of which are in higher-end segments with bigger margins.

The product restructuring comes as non-U.S. brands, especially Asia's Sumitomo and Yokohama, have been expanding globally with cheaper products in lower-end segments, according to Stewart.

Similar to how Chinese automakers have grown outside their own country, tire manufacturers have also been turning to more exports, including the U.S.

"We are not going to compete against a $6 or $10 converted tire. That's not who we are as Goodyear," Stewart said, referring to the manufacturing cost required to convert raw materials into a finished tire.

Despite global challenges, Goodyear's Asia-Pacific region is a bright spot for the company. Its segment operating income for the second quarter was $63 million, with an operating margin of 12.7%.

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Its U.S. operations have been a main drag on the company's financials. Stewart is trying to turn that around as consumer demand slows.

The company said its cash burn is expected to continue into 2027 but moderate as the announced closure next year of a plant in Fayetteville, North Carolina, is expected to improve its Americas segment operating income by $270 million annually.

"We had to take a very difficult decision, but a necessary one to announce the closure of our Fayetteville, North Carolina facility. We absolutely didn't take that lightly, but we just didn't have a pathway to be competitive out of that facility," Stewart said. 

The Goodyear Forward plan was prompted by activist investor Elliott Investment Management revealing a stake in the company in 2023. A spokesperson for Elliott, which supported three new Goodyear board members, declined to comment on the company or the firm's current ownership status.

Goodyear blimps flying highPart of the Goodyear Forward strategy is to increase focus on marketing and advertising to connect with customers to reinforce the brand.

A large part of that — both physically and financially — comes from the company's iconic Goodyear blimps, which have flown as giant advertisements for more than a century.

"The blimp team and the marketing team have really embraced it. So we do a lot of activation around the blimp to literally sell tires," Stewart said. "When the blimp media marketing has their hat on, it's always in context of 'How do we tie this to the tires?'"

Stewart said Goodyear has leaned into the promotion, using social media platforms to tout its aircraft — and their connection to tires — and launching "buy to fly" campaigns in which tire retailers and consumers can win flights aboard its blimps. 

The company was showing off its revamped store alongside a Detroit event that attracts hundreds of thousands of car enthusiasts along a 16-mile stretch annually. To celebrate and get its advertising in front of tire buyers, it held a rare double-blimp appearance, according to the company. It also featured a collection of smaller "mini blimps."

"We've always made the tires worth bragging about," Stewart said. "We're just reminding people now, and that ties into our marketing and advertising as well."

CORRECTION: An earlier version of this story incorrectly said two Japanese companies, Sumitomo and Yokohama, are based in China.

The Goodyear Tire & Rubber Company (GT) Q2 2026 Earnings Call Transcript

Goodyear (GT - Free Report) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to a loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -3.39%. A quarter ago, it was expected that this tire maker would post a loss of $0.49 per share when it actually produced a loss of $0.39, delivering a surprise of +20.41%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Goodyear, which belongs to the Zacks Rubber - Tires industry, posted revenues of $4.25 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.55%. This compares to year-ago revenues of $4.47 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Goodyear shares have lost about 17.9% since the beginning of the year versus the S&P 500's gain of 13%.

What's Next for Goodyear?While Goodyear has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Goodyear was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.20 on $4.63 billion in revenues for the coming quarter and -$0.26 on $17.76 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Rubber - Tires is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the broader Zacks Auto-Tires-Trucks sector, VinFast Auto Ltd. (VFS - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.26 per share in its upcoming report, which represents a year-over-year change of +25.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

VinFast Auto Ltd.'s revenues are expected to be $1.25 billion, up 88.8% from the year-ago quarter.

Second Quarter Performance Reflected Improving Market Stability and Continued Execution to Strengthen Goodyear's Competitive Position

Second Quarter 2026 Highlights
Net sales of $4.3 billion, decreasing 4.8% YoY; down 1.4% organically as a result of lower volumes

Tire unit volume of 36.5 million units, decreasing 4.0% YoY, improving from a 12% YoY decline during the first quarter as destocking pressure moderated and market conditions showed more stability

Goodyear OE volumes and market share grew across both consumer and commercial in each region, reflecting the strength of the product portfolio and supporting long-term replacement demand

Segment operating income of $36 million; strong results in Asia Pacific and improvement in EMEA offset by moderating headwinds in the Americas

Goodyear Forward delivered $95 million of benefits; manufacturing footprint optimization is underway with recently announced action providing ~$270 million in expected annual savings by 2028

, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported second quarter 2026 results today and the company will host an investor call tomorrow morning, Thursday, August 6, at 8:30 a.m. Eastern time led by Mark Stewart, Goodyear's chief executive officer and president, and Scott Deakin, the company's interim executive vice president and chief financial officer.

"We delivered second quarter results in line with our expectations, reflecting continued improvement in Asia Pacific and EMEA," said Stewart. "We're taking actions to improve performance in a competitive environment by strengthening our product lineup, building on original equipment growth across regions, and optimizing our manufacturing footprint. These actions are designed to strengthen our competitive position and deliver stronger profitability over time."

Financial Results
Goodyear's second quarter 2026 net sales were $4.3 billion, with tire unit volumes totaling 36.5 million. After adjusting for the impact of the sales of its Chemical business and the Dunlop brand of $153 million, organic net sales decreased 1.4% as a result of lower tire unit volume.

Second quarter 2026 Goodyear net loss was $204 million, or $0.71 per share, compared to Goodyear net income one year ago of $254 million, or $0.87 per share. Second quarter 2026 included several significant items, including, on a pre-tax basis, rationalization charges of $29 million. This significant item, and others, are excluded from adjusted earnings.

Second quarter 2026 adjusted net loss was $177 million, compared to adjusted net loss of $48 million in the prior year's quarter. Adjusted loss per share was $0.61, compared to an adjusted loss per share of $0.17 in the prior year's quarter. Per share amounts are diluted.

Segment Results
The company reported segment operating income of $36 million in the second quarter of 2026, compared to $159 million from one year ago.

After adjusting for the sales of its Chemical business and the Dunlop brand, segment operating income decreased $79 million. The decrease in segment operating income reflects the impact of lower volume of $132 million, higher tariffs and other costs of $100 million, and inflation of $53 million, partially offset by favorable price/mix versus raw material costs of $123 million and $95 million of benefits from Goodyear Forward.

Additional earnings materials can be found on Goodyear's investor relations website at http://investor.goodyear.com. 

Reconciliation of Non-GAAP Financial Measures
See "Non-GAAP Financial Measures" and "Financial Tables" for further explanation and reconciliation tables for historical Total Segment Operating Income and Margin; Adjusted Net Income (Loss); and Adjusted Diluted Earnings per Share, reflecting the impact of certain significant items on the 2026 and 2025 periods. Organic earnings measures exclude the impact of divestitures; see "Non-GAAP Financial Measures" for additional details.

Business Segment Results

AMERICAS

Second Quarter

Six Months

(In millions)

2026

2025

2026

2025

Tire Units

17.4

19.1

32.7

37.5

Net Sales

$2,382

$2,662

$4,445

$5,164

Segment Operating Income (Loss) 

$(10)

$141

$27

$296

Segment Operating Margin

(0.4 %)

5.3 %

0.6 %

5.7 %

Americas' second quarter 2026 net sales of $2.4 billion were 10.5% lower than the previous year, driven by a decline in consumer replacement volume and the sale of the Chemical business. Tire unit volume decreased 8.7%. Replacement tire unit volume decreased 13.0%, reflecting planned rationalization of lower-tier product offerings, lower industry sell-in volume in North America, and increased competition. Original Equipment (OE) tire unit volume increased 8.7%, reflecting market share gains.

Segment operating loss was $10 million, decreasing from $141 million in income last year. Excluding the impact of the sale of the Chemical business, Americas' segment operating income decreased $118 million driven by the impact of lower volume, inflation and other costs, partially offset by Goodyear Forward benefits and price/mix versus raw materials.

In July, the company announced the planned closure of its Fayetteville, North Carolina, facility as part of its strategy to align its footprint with its evolving product portfolio and improve the competitiveness of its manufacturing network in the Americas. This action is expected to generate approximately $90 million of Americas SOI improvement in 2027 and approximately $270 million annually beginning in 2028. Total pre-tax charges are expected to be between $535 million and $565 million, including $190 million to $210 million of cash costs, with the action expected to be substantially completed by the end of 2027.

EMEA

Second Quarter

Six Months

(In millions)

2026

2025

2026

2025

Tire Units

11.2

11.3

22.4

23.6

Net Sales

$1,372

$1,344

$2,735

$2,621

Segment Operating Income (Loss)

$(17)

$(25)

$(16)

$(30)

Segment Operating Margin

(1.2) %

(1.9) %

(0.6 %)

(1.1) %

EMEA's second quarter 2026 net sales of $1.4 billion increased 2.1% from second quarter 2025, driven by benefits from price/mix and currency, partly offset by lower tire volume, inclusive of the sale of the Dunlop brand. Replacement unit volume decreased 7.1%, driven by consumer market softness, increased competition and the planned rationalization of lower-tier product offerings. OE tire unit volume increased 8.3%, reflecting the tenth consecutive quarter of consumer market share gains.

Second quarter segment operating loss was $17 million, improving $8 million from the prior year. Excluding the impact of the sale of the Dunlop brand, EMEA's segment operating income increased $20 million driven by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by higher costs, inflation and the impact of lower volume.

ASIA PACIFIC

Second Quarter

Six Months

(In millions)

2026

2025

2026

2025

Tire Units

7.9

7.5

15.4

15.3

Net Sales

$496

$459

$951

$933

Segment Operating Income 

$63

$43

$120

$88

Segment Operating Margin

12.7 %

9.4 %

12.6 %

9.4 %

Asia Pacific's second quarter 2026 net sales of $496 million were 8.1% higher than the previous year, as a result of higher volume and price/mix benefits. Tire unit volume increased 5.3%. Replacement volume increased 6.4% driven by higher consumer demand. OE volume increased 4.2% driven by growth primarily in China and Japan, reflecting consumer OE market share gains.

Second quarter 2026 segment operating income of $63 million was $20 million higher than the prior year driven by benefits from price/mix versus raw materials, Goodyear Forward and higher volume.

Conference Call
The company will host an investor call on Thursday, August 6, 2026, at 8:30 a.m. Eastern time. Please visit Goodyear's investor relations website: http://investor.goodyear.com, for additional earnings materials.

The investor call can be accessed on the website or via telephone by calling either (833) 419-0865 or (785) 838-9333 before 8:25 a.m. Eastern time and providing the conference ID "Goodyear." A replay will be available by calling (800) 723-1517 or (402) 220-2659. The replay will also be available on Goodyear's investor relations website.

About Goodyear
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 48 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate. 

Forward-Looking Statements
Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any IEEPA tariff refund; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

Non-GAAP Financial Measures (unaudited)
This news release presents non-GAAP financial measures, including Total Segment Operating Income and Margin, Adjusted Net Income (Loss), Adjusted Diluted Earnings Per Share (EPS), and organic earnings measures, which are important financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be construed as alternatives to corresponding financial measures presented in accordance with U.S. GAAP.

Total Segment Operating Income is the sum of the individual strategic business units' (SBUs') Segment Operating Income as determined in accordance with U.S. GAAP. Total Segment Operating Margin is Total Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management believes that Total Segment Operating Income and Margin are useful because they represent the aggregate value of income created by the company's SBUs and exclude items not directly related to the SBUs for performance evaluation purposes. The most directly comparable U.S. GAAP financial measures to Total Segment Operating Income and Margin are Goodyear Net Income (Loss) and Return on Net Sales (which is calculated by dividing Goodyear Net Income (Loss) by Net Sales).

Adjusted Net Income (Loss) is Goodyear Net Income (Loss) as determined in accordance with U.S. GAAP adjusted for certain significant items. Adjusted Diluted Earnings Per Share (EPS) is the company's Adjusted Net Income (Loss) divided by Weighted Average Shares Outstanding-Diluted as determined in accordance with U.S. GAAP. Management believes that Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share (EPS) are useful because they represent how management reviews the operating results of the company excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, discrete tax items, impairments, asset sales and certain other significant items.

Organic earnings measures, including organic Net Sales growth, are non-GAAP financial measures that exclude the direct impacts of the divestitures of the Dunlop brand and Chemical business from year-over-year comparisons. We believe these measures provide investors with a supplemental understanding of underlying earnings trends by providing comparisons on a constant basis. We completed the sale of the Dunlop brand and our Chemical business in May 2025 and October 2025, respectively.

It should be noted that other companies may calculate similarly-titled non-GAAP financial measures differently and, as a result, the measures presented herein may not be comparable to such similarly-titled measures reported by other companies. See the following tables for reconciliations of historical Total Segment Operating Income and Margin, Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share to the most directly comparable U.S. GAAP financial measures.

The Goodyear Tire & Rubber Company and Subsidiaries

Financial Tables (Unaudited)

Table 1: Consolidated Statements of Operations

Three Months Ended

Six Months Ended

June 30,

June 30,

(In millions, except per share amounts)

2026

2025

2026

2025

Net Sales

$ 4,250

$ 4,465

$ 8,131

$ 8,718

Cost of Goods Sold

3,569

3,705

6,757

7,218

Selling, Administrative and General Expense

703

692

1,371

1,342

Rationalizations

29

59

133

140

Interest Expense

105

112

200

227

Other (Income) Expense

22

31

31

56

Net (Gain) Loss on Asset Sales

(17)

(439)

(20)

(701)

Income (Loss) before Income Taxes

(161)

305

(341)

436

United States and Foreign Tax Expense

46

24

112

37

Net Income (Loss)

(207)

281

(453)

399

Less: Minority Shareholders' Net Income (Loss)

(3)

27

—

30

Goodyear Net Income (Loss)

$  (204)

$   254

$ (453)

$   369

Goodyear Net Income (Loss) — Per Share of Common Stock

Basic

$ (0.71)

$  0.88

$ (1.57)

$  1.28

Weighted Average Shares Outstanding

289

287

289

287

Diluted

$ (0.71)

$  0.87

$ (1.57)

$  1.27

Weighted Average Shares Outstanding

289

290

289

290

Table 2: Consolidated Balance Sheets

June 30,

December 31,

(In millions, except share data)

2026

2025

Assets:

Current Assets:

     Cash and Cash Equivalents

$             861

$             801

Accounts Receivable, less Allowance — $84 ($89 in 2025)

2,728

2,341

     Inventories:

          Raw Materials

633

616

          Work in Process

193

195

          Finished Products

3,090

2,761

3,916

3,572

     Assets Held for Sale

—

58

     Prepaid Expenses and Other Current Assets

407

446

          Total Current Assets

7,912

7,218

Goodwill

44

42

Intangible Assets

651

663

Deferred Income Taxes

352

348

Other Assets

1,121

1,096

Operating Lease Right-of-Use Assets

972

998

Property, Plant and Equipment, less Accumulated Depreciation — $12,400 ($12,390 in 2025)

7,598

7,843

          Total Assets

$          18,650

$           18,208

Liabilities:

Current Liabilities:

     Accounts Payable — Trade

$            3,878

$            3,879

     Compensation and Benefits

575

578

     Other Current Liabilities

1,215

1,259

     Notes Payable and Overdrafts

359

506

     Operating Lease Liabilities due Within One Year

191

196

     Long Term Debt and Finance Leases due Within One Year

1,059

364

          Total Current Liabilities

7,277

6,782

     Operating Lease Liabilities

832

862

     Long Term Debt and Finance Leases

5,772

5,328

     Compensation and Benefits

765

787

     Deferred Income Taxes

102

105

     Other Long Term Liabilities

901

941

          Total Liabilities

15,649

14,805

Commitments and Contingent Liabilities

Shareholders' Equity:

Goodyear Shareholders' Equity:

     Common Stock, no par value:

Authorized, 450 million shares, Outstanding shares — 288 million in 2026 (286 million in 2025)

288

286

     Capital Surplus

3,178

3,175

     Retained Earnings

2,907

3,360

     Accumulated Other Comprehensive Loss

(3,534)

(3,588)

          Goodyear Shareholders' Equity

2,839

3,233

Minority Shareholders' Equity — Nonredeemable

162

170

          Total Shareholders' Equity

3,001

3,403

          Total Liabilities and Shareholders' Equity

$          18,650

$           18,208

Table 3: Consolidated Statements of Cash Flows

Six Months Ended

June 30,

(In millions)

2026

2025

Cash Flows from Operating Activities:

Net Income (Loss)

$            (453)

$             399

     Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:

          Depreciation and Amortization

474

544

          Amortization and Write-Off of Debt Issuance Costs

6

10

          Provision for Deferred Income Taxes

(8)

(55)

          Net Pension Curtailments and Settlements

—

4

          Net Rationalization Charges

133

140

          Rationalization Payments

(123)

(204)

          Net (Gain) Loss on Asset Sales

(20)

(701)

          Operating Lease Expense

150

159

          Operating Lease Payments

(137)

(141)

          Pension Contributions and Direct Payments

(22)

(53)

     Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:

          Accounts Receivable

(340)

(498)

          Inventories

(340)

(512)

          Accounts Payable — Trade

60

(59)

          Compensation and Benefits

39

2

          Other Current Liabilities

(21)

312

          Other Assets and Liabilities

(18)

(65)

     Total Cash Flows from Operating Activities

(620)

(718)

Cash Flows from Investing Activities:

          Capital Expenditures

(342)

(466)

          Asset Dispositions

3

1,328

          Other Transactions

—

(25)

     Total Cash Flows from Investing Activities

(339)

837

Cash Flows from Financing Activities:

          Short Term Debt and Overdrafts Incurred

362

557

          Short Term Debt and Overdrafts Paid

(506)

(632)

          Long Term Debt Incurred

5,803

8,888

          Long Term Debt Paid

(4,630)

(8,925)

          Other Transactions

(9)

5

     Total Cash Flows from Financing Activities

1,020

(107)

Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash

(6)

26

     Net Change in Cash, Cash Equivalents and Restricted Cash

55

38

Cash, Cash Equivalents and Restricted Cash at Beginning of the Period

910

864

     Cash, Cash Equivalents and Restricted Cash at End of the Period

$             965

$             902

Table 4: Reconciliation of Segment Operating Income & Margin

Three Months Ended

Six Months Ended

June 30,

June 30,

(In millions)

2026

2025

2026

2025

Total Segment Operating Income

$       36

$     159

$     131

$     354

     Less:

          Rationalizations

29

59

133

140

          Interest Expense

105

112

200

227

          Other (Income) Expense

22

31

31

56

          Net (Gain) Loss on Asset Sales

(17)

(439)

(20)

(701)

          Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net

—

41

16

87

          Corporate Incentive Compensation Plans

8

20

31

36

          Retained Expenses of Divested Operations

3

1

6

3

          Other

47

29

75

70

Income (Loss) before Income Taxes

$    (161)

$     305

$    (341)

$     436

United States and Foreign Tax Expense

46

24

112

37

Less: Minority Shareholders' Net Income (Loss)

(3)

27

—

30

Goodyear Net Income (Loss)

$    (204)

$     254

$    (453)

$     369

Net Sales

$  4,250

$  4,465

$  8,131

$  8,718

Return on Net Sales

(4.8) %

5.7 %

(5.6) %

4.2 %

Total Segment Operating Margin

0.8 %

3.6 %

1.6 %

4.1 %

Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share

Second Quarter 2026

(In millions, except per share amounts)

As Reported

Rationalizations,
Asset Write-offs,
Accelerated
Depreciation and
Leases

Colombia
Labor Strike

Indirect Tax
Settlements
and Discrete
Tax Items

Asset and
Other Sales

As Adjusted

Net Sales

$     4,250

$              —

$         —

$          —

$          —

$        4,250

Cost of Goods Sold

3,569

—

(7)

—

—

3,562

Gross Margin

681

—

7

—

—

688

SAG

703

—

—

—

—

703

Rationalizations

29

(29)

—

—

—

—

Interest Expense

105

—

—

—

—

105

Other (Income) Expense

22

—

—

—

—

22

Net (Gain) Loss on Asset Sales

(17)

—

—

—

17

—

Pre-tax Income (Loss)

(161)

29

7

—

(17)

(142)

Taxes

46

—

—

(5)

(3)

38

Minority Interest

(3)

—

—

—

—

(3)

Goodyear Net Income (Loss)

$     (204)

$              29

$           7

$           5

$        (14)

$         (177)

EPS

$    (0.71)

$           0.10

$      0.02

$      0.02

$     (0.04)

$        (0.61)

Second Quarter 2025

(In millions, except per share amounts)

As Reported

Rationalizations,
Asset Write-offs,
Accelerated
Depreciation
and Leases

Goodyear
Forward and
Other
Transaction
Costs

Indirect Tax
Settlements
and
Discrete Tax
Items

Asset and
Other Sales

As
Adjusted

Net Sales

$    4,465

$              —

$           —

$        —

$          —

$    4,465

Cost of Goods Sold

3,705

(40)

—

—

—

3,665

Gross Margin

760

40

—

—

—

800

SAG

692

(1)

(3)

—

—

688

Rationalizations

59

(59)

—

—

—

—

Interest Expense

112

—

—

—

—

112

Other (Income) Expense

31

—

(2)

—

—

29

Net (Gain) Loss on Asset Sales

(439)

—

—

—

439

—

Pre-tax Income (Loss)

305

100

5

—

(439)

(29)

Taxes

24

8

2

4

(21)

17

Minority Interest

27

—

—

—

(25)

2

Goodyear Net Income (Loss)

$     254

$             92

$            3

$          (4)

$      (393)

$       (48)

EPS

$    0.87

$          0.33

$       0.01

$     (0.02)

$     (1.36)

$    (0.17)

Six Months 2026

(In millions, except  per share amounts)

As Reported

Rationalizations,
Asset Write-offs,
Accelerated
Depreciation
and Leases

Indirect Tax
Settlements and
Discrete Tax Items

Colombia
Labor Strike

Asset and
Other Sales

As Adjusted

Net Sales

$     8,131

$              —

$              —

$          —

$          —

$        8,131

Cost of Goods Sold

6,757

(15)

(8)

(7)

—

6,727

Gross Margin

1,374

15

8

7

—

1,404

SAG

1,371

(1)

—

—

—

1,370

Rationalizations

133

(133)

—

—

—

—

Interest Expense

200

—

—

—

—

200

Other (Income) Expense

31

—

—

—

—

31

Net (Gain) Loss on Asset Sales

(20)

—

—

—

20

—

Pre-tax Income (Loss)

(341)

149

8

7

(20)

(197)

Taxes

112

8

(25)

—

(3)

92

Minority Interest

—

1

—

—

—

1

Goodyear Net Income (Loss)

$     (453)

$            140

$               33

$           7

$        (17)

$         (290)

EPS

$    (1.57)

$           0.48

$            0.12

$      0.02

$     (0.05)

$        (1.00)

Six Months 2025

(In millions, except per share amounts)

As Reported

Rationalizations,
Asset Write-offs,
Accelerated
Depreciation
and Leases

Goodyear
Forward and
Other
Transaction
Costs

Pension
Settlement
Charges

Indirect Tax
Settlements
and
Discrete Tax
Items

Asset and
Other Sales

As
Adjusted

Net Sales

$    8,718

$             —

$           —

$           —

$           —

$           —

$     8,718

Cost of Goods Sold

7,218

(83)

—

—

—

—

7,135

Gross Margin

1,500

83

—

—

—

—

1,583

SAG

1,342

(4)

(5)

—

—

—

1,333

Rationalizations

140

(140)

—

—

—

—

—

Interest Expense

227

—

—

—

—

—

227

Other (Income) Expense

56

—

(6)

(4)

—

—

46

Net (Gain) Loss on Asset Sales

(701)

—

—

—

—

701

—

Pre-tax Income (Loss)

436

227

11

4

—

(701)

(23)

Taxes

37

30

3

1

5

(46)

30

Minority Interest

30

1

—

—

—

(25)

6

Goodyear Net Income (Loss)

$     369

$           196

$            8

$           3

$          (5)

$      (630)

$       (59)

EPS

$    1.27

$          0.69

$       0.03

$      0.01

$     (0.02)

$     (2.19)

$    (0.21)

SOURCE The Goodyear Tire & Rubber Company

This recognition reflects the company's efforts to engage suppliers on climate-related issues across its value chain.

, /PRNewswire/ -- Continuing to make progress along its sustainability journey, The Goodyear Tire & Rubber Company (NASDAQ: GT) announced it has earned an "A" score in the CDP Supplier Engagement Assessment.

CDP is a global environmental disclosure organization whose Supplier Engagement Assessment evaluates how companies engage suppliers on climate-related issues, including governance, emissions targets, Scope 3 emissions management and supplier collaboration. An "A" score reflects leadership-level performance within CDP's scoring framework, which is designed to help companies assess and improve their environmental practices over time.

Supplier engagement is an important part of Goodyear's sustainability strategy as the company works to address emissions across its value chain and support the broader transition to a net-zero economy. Goodyear has set near-term science-based climate targets for 2030 and a long-term net-zero target for 2050.

In 2023, the company launched its supplier engagement program with its raw material suppliers, asking them to set science-based targets, pursue renewable electricity and energy goals, engage their own supply base on climate targets, publicly report progress and share product-level GHG emissions footprint data with Goodyear.

Goodyear's supplier engagement work also includes emissions impact analysis by material group and supplier, supplier-specific roadmaps and supplier assessments. Together, these efforts help Goodyear better understand supplier sustainability practices, identify opportunities for improvement and collaborate with suppliers on shared climate and sustainability goals across the value chain.

To learn more about Goodyear's sustainability journey, go to goodyear.com/responsibility.

About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 48 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

CONTACT:
KELLY MCGLUMPHY
[email protected]

SOURCE The Goodyear Tire & Rubber Company

Also from this source

Posted by Defense World Staff on Jul 29th, 2026

Dimensional Fund Advisors LP grew its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT – Free Report) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,558,938 shares of the company’s stock after acquiring an additional 1,352,085 shares during the period. Dimensional Fund Advisors LP owned 5.78% of Goodyear Tire & Rubber worth $109,778,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GT. Bastion Asset Management Inc. increased its holdings in Goodyear Tire & Rubber by 72.9% during the 4th quarter. Bastion Asset Management Inc. now owns 963,938 shares of the company’s stock worth $8,076,000 after purchasing an additional 406,410 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Goodyear Tire & Rubber by 144.6% in the 1st quarter. Hsbc Holdings PLC now owns 430,136 shares of the company’s stock worth $2,798,000 after buying an additional 254,305 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Goodyear Tire & Rubber by 113.5% in the 1st quarter. SG Americas Securities LLC now owns 1,447,677 shares of the company’s stock worth $9,598,000 after buying an additional 769,710 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Goodyear Tire & Rubber by 4.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,507,813 shares of the company’s stock worth $39,488,000 after buying an additional 189,493 shares in the last quarter. Finally, Leonteq Securities AG grew its position in shares of Goodyear Tire & Rubber by 23.3% during the 1st quarter. Leonteq Securities AG now owns 415,180 shares of the company’s stock worth $2,753,000 after buying an additional 78,512 shares in the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Goodyear Tire & Rubber Trading Up 3.5% Shares of NASDAQ GT opened at $7.36 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.04 and a quick ratio of 0.51. The stock has a market capitalization of $2.12 billion, a P/E ratio of -1.02 and a beta of 1.12. The Goodyear Tire & Rubber Company has a 1-year low of $5.43 and a 1-year high of $10.82. The business has a fifty day moving average price of $6.43 and a 200 day moving average price of $7.32.

Goodyear Tire & Rubber (NASDAQ:GT – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.05. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.81 billion. Goodyear Tire & Rubber had a positive return on equity of 0.93% and a negative net margin of 11.64%.The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts expect that The Goodyear Tire & Rubber Company will post -0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth GT has been the subject of several recent research reports. TD Cowen decreased their price objective on Goodyear Tire & Rubber from $10.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $10.00 target price on shares of Goodyear Tire & Rubber in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 target price (down from $9.00) on shares of Goodyear Tire & Rubber in a research report on Monday, May 11th. Citigroup lowered their price target on shares of Goodyear Tire & Rubber from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.54.

View Our Latest Stock Analysis on GT

About Goodyear Tire & Rubber (Free Report)

The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company has grown into a global enterprise known for its engineering expertise and quality standards. Over its history, Goodyear has pioneered advances in tire technology, from early pneumatic designs to modern high-performance and fuel-efficient solutions.

Goodyear’s core business encompasses the design, production and distribution of tires for a variety of markets, including passenger cars, commercial trucks, off-the-road vehicles, aircraft and specialty applications.

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, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2026 financial results after market close on Wednesday, August 5, followed by a conference call at 8:30 a.m. Eastern time on Thursday, August 6.

The Company will publish its results on August 5, in the form of an Earnings Release and an additional presentation on its investor website: http://investor.goodyear.com. The following morning, the Company will host a conference call.

The call can be accessed on the website or via telephone by calling either (833) 419-0865 or (785) 838-9333 before 8:25 a.m. and providing the conference ID "Goodyear." A replay will be available by calling (800) 723-1517 or (402) 220-2659. The replay will also be available on the website.

About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

MEDIA CONTACT:
KELLY MCGLUMPHY
[email protected] 

ANALYST CONTACT:
RYAN REED
[email protected] 

SOURCE The Goodyear Tire & Rubber Company

Toronto, Ontario--(Newsfile Corp. - June 18, 2026) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) the ("Company" or "GT") is pleased to announce it has begun the 2026 field program on the CD Project in Yukon's Dawson Range Gold Belt, located near Carmacks (the "Property" or "CD") (Figure 1). CD hosts a gold - copper porphyry target, with valid drill permits until 2033 and co-incident soil and geophysical anomalies.

The CD Project exhibits significant geological parallels to Western Copper and Gold's Casino deposit, situated 90 kilometers to the northwest. The Casino deposit hosts a Measured and Indicated Resource Estimate of 7.6 billion pounds of copper and 14.8 million ounces of gold (Roth et al. 2022 ).

"The current work program includes a focused airborne MobileMT survey ("Mobile MagnetoTellurics"). This natural-field EM ("ElectroMagnetic") technology was specifically chosen for its ability to map subsurface resistivity and conductivity to help identify disseminated sulphide mineralization, porphyry alteration, and structure that VTEM ("Versatile Time Domain Electromagnetic") surveys may not detect. Integrating MobileMT data with the existing ground-based IP ('Induced Polarization") and magnetics, will allow GT to develop a comprehensive 3D model to refine the highest-priority drill targets," commented Neil Pettigrew, Vice President of Exploration.

Exploration Plan - Next Steps

2026

The 2026 field season is dedicated to high-resolution data acquisition to refine targets before GT's maiden drilling program at CD, which is located in the Dawson Range Gold Belt, an area of heightened exploration activity in recent years.

An airborne MobileMT ("Mobile MagnetoTellurics") survey will be flown over the Maloney porphyry target mapping subsurface resistivity and conductivity features, to help identify disseminated sulphide mineralization, porphyry-style alteration, and structure - features that may be too subtle for conventional VTEM surveys to detect.

Additionally, field reconnaissance mapping, prospecting, and soil sampling will be undertaken over the Maloney porphyry and Schist vein targets to gain additional understanding of the lithology, alteration, and structure of these areas.

Following the survey and field program, GT will integrate the new data with existing ground-based IP and magnetics to develop a comprehensive 3D model to target the highest priority drill targets.

New MobileMT data integrated with existing datasets will allow GT to improve the definition of Maloney porphyry targets, to reduce the reliance on broadly spaced or conceptual drill testing, and to support more efficient allocation of exploration capital.

2027

GT currently intends to conduct a 2,500 to 3,000 meter diamond drill program. This campaign will be designed to systematically test the gold-rich copper porphyry potential and the high-grade gold-silver vein targets at CD.

CD Property Geology & Targets:

Maloney Target: Similarities to the Gold - Rich Casino Copper Porphyry Deposit

Geology: Similar rock types, ages, alteration and structures (Figure 1 and 2)Lithology & Timing: Gold-copper mineralization is associated with late Cretaceous porphyritic felsic intrusive rocks (Casino / Prospector Mountain suites). These units intrude older Whitehorse Suite granites and Snowcap assemblage gneisses/schists.Structural Control: The intersection of regional northwest and northeast-trending structures, providing dilation for porphyry emplacement.Alteration: Brecciation and veining with widespread potassic and local phyllic+propylitic alteration.Geophysics: Geophysical anomalies coincident with geochemical anomalies (Figure 3).Magnetic Core: A central magnetic high anomaly associated with porphyritic Intrusive rocks and coincident with Cu-in-soil anomaly. Chargeability Halo: An IP chargeability anomaly flanking the core magnetic anomaly coincident with Au-in-soil anomaly.Geochemical Footprint & Historical Validation:CD hosts a 1,200 m x 400 m gold-copper-molybdenum anomaly (Figure 3).Historical drilling (only 6 holes) demonstrated the presence of a mineralized system but notably failed to test the recently defined primary IP and gold in-soil target further to the northeast. Drilling (1970s)0.15% Cu over 15.2 m (hole 76-2)0.09 g/t Au, 0.10% Cu over 21.3 m (hole 76-4)Trenching (1970s)0.43 g/t Au, 0.15% Cu, 196 ppm Mo over 5 m Grab Samples (2011-2018)0.81 g/t Au, below a 632 ppm Au-in-soil sampleSoils (2011-2018) Peak soil values of 1,270 ppm Au, 1,485 ppm Cu, and 42 ppm MoSchist target, an untested vein hosted gold-silver system

UndrilledLarge gold-arsenic in-soil anomaly (2,000m x 500m).1.67 g/t Au over 6.5 meters in historical (2011) trench chip samples.6.29 g/t Au and 7.6 g/t Ag; 2.78 g/t Au and 25.7 g/t Ag in historical (2013-2015) grab samples .Potential similarities to nearby gold-silver Klaza and gold-arsenic Coffee deposits.

Figure 1. (A) Location map of the CD project and nearby projects within the Dawson Range Gold Belt, overlain on the tectonic assemblage map of the Yukon. (B) Regional geology surrounding the CD project with locations of the porphyry (also known as Maloney) and Schist targets, including location of nearby deposits, notably those of similar late Cretaceous age "Casino & Prospector Mountain Suite" (red triangles).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/301938_ef1304c1247dab5f_001full.jpg

Figure 2. Simplified geology of CD's porphyry target compared to the Casino deposit.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/301938_ef1304c1247dab5f_002full.jpg

Figure 3. 3D Isometric view looking northwest of CD's porphyry target showing a core defined by an inverted magnetic high (purple) flanked by an IP chargeability high rim (orange). This pattern is interpreted to be a magnetic porphyritic intrusive plunging to the southeast surrounded by an alteration halo, brecciation and veining similar to the mineralized breccia zone which surrounds an unmineralized porphyry intrusive core at the Casino deposit.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/301938_ef1304c1247dab5f_003full.jpg

Figure 4. Shist Gold - Silver Target, showing widespread arsenic-in soil anomalies and location of 2011 trenches

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/301938_ef1304c1247dab5f_004full.jpg

Geology and Mineralization

The CD Project lies within the Yukon-Tanana terrane (Figure 1), a continental arc that developed along the ancient Pacific margin of North America from the Late Devonian to Permian and is situated between the Tintina Fault to the northeast, and the Denali Fault to the southwest. In the CD Project vicinity, specifically the Maloney target area, the terrane is dominated by the Devonian and older rocks of the Snowcap Assemblage, which is in turn dominated by fine clastic rocks, quartzite and conglomerate, including marble horizons metamorphosed to amphibolite grade. The Snowcap Assemblage has been intruded by numerous intermediate to felsic granitoid batholiths since the early Jurassic, notably in the Casino and CD areas by the voluminous mid-Cretaceous Whitehorse Suite. The Whitehorse Suite intrusive event was followed by a more restricted late Cretaceous Casino / Prospector Mountain Suite (~79-72 million years) felsic intrusive event which is closely associated with mineralization at the Casino and Klaza deposits. (Figure 1 & 2).

Geological mapping and exploration in general at CD has historically been complicated by limited outcrop, surficial cover, loess and deep weathering, typical of parts of the unglaciated Yukon Plateau. From what little outcrop is available, the geology, structure and intrusive relationships at the CD Project have many analogs to the Casino deposit. At Casino a late Cretaceous porphyry (Patton Porphyry) has intruded and brecciated surrounding Snowcap and Whitehorse rocks. This strongly phyllic and potassic altered-breccias which hosts the gold-rich copper mineralization contains abundant disseminated pyrite and chalcopyrite and forms a discrete (~1,800 x 1,000 m) pipe shaped halo surrounding the relatively massive Patton Porphyry (Figure 2). At CD, mapping indicates similar relationships with both Snowcap and Whitehorse suite rocks intruded by late Casino / Prospector suite age (75 million years) porphyritic rocks with widespread potassic and phyllic alteration and local brecciation. Geophysical data at CD displays a similar geometry to Casino with a magnetic core interpreted to represent a porphyry plug plunging to the southeast flanked by an IP chargeability rim (Figure 3).

Another style of mineralization present at CD is the vein hosted gold-silver mineralization present at the Schist target (Figure 4). Less is known about this style of mineralization, and no drilling has every been conducted. The mineralization at Schist may be related to the nearby, younger Klaza-style vein hosted gold-silver-lead-zinc deposit or the older Coffee-style disseminated gold-arsenic deposit (Figure 1). The Schist target comprises gold, silver and arsenic bearing veins in hydrothermally altered metamorphic rocks. Mineralization within the veins consists of fine-grained disseminated pyrite and arsenopyrite with manganese oxide, limonite and sericite alteration. The Schist target contains a widespread (2,000 x 500 m) gold and arsenic-in-soil anomaly and numerous placer mining claims have recently been staked in the area.

Structurally, CD, Casino and Klaza are all located near the intersection of large-scale northwest and smaller scale northeast structures which may provide dilation for late Cretaceous porphyry intrusions and/or hydrothermal vein formation.

References

Paulter, J., 2018. Technical Report on the CD Project in the Dawson Range Copper - Gold belt, Yukon territory for Strategic Metals Ltd.

Roth, D., Hester, M., Marek, J.M., Tahija, L.M., Schulze, C., Friedman, D., Weston, S., 2022. Casino Project Form 43-101F1 Technical Report, Feasibility Study, Yukon, Canada.

Qualified Person
The technical information in this release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About GT Resources
GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) is a mineral exploration company focused on the discovery and de-risking of district-scale assets in top tier mining jurisdictions. The Company's strategy is driven by a disciplined, science-based methodology designed to create shareholder value by advancing high-potential properties toward production within robust regulatory frameworks.

In Finland, the Company is advancing its flagship Läntinen Koillismaa ("LK") Project, which hosts significant mineral resources including palladium, platinum, gold, copper, and nickel. In Canada, GT maintains a portfolio of earlier-stage, pre-resource projects targeting critical and precious metals. The quality and scale of the Company's project portfolio has attracted strategic investment from Glencore plc, one of the world's largest diversified natural resource companies.

Follow GT Resources on LinkedIn, Twitter, and at https://gtresourcesinc.com/.

ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO or Neil Pettigrew, Vice President Exploration
Email: [email protected]

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Mineralization at Casino is not necessarily indicative of mineralization at the CD project.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301938

Source: GT Resources Inc.

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EMEA and Asia Pacific results strengthened; Goodyear Forward delivered $107 million of benefits

, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported first quarter 2026 results today and the company will host an investor call tomorrow morning, Thursday, May 7, at 8:30 a.m. Eastern time led by Mark Stewart, Goodyear's chief executive officer and president, and Christina Zamarro, the company's executive vice president and chief financial officer.

"The first quarter reflected a challenging environment, marked by weak consumer industry demand in both OE and replacement across the majority of our key geographies," said Stewart. "Despite a weak environment, our first quarter results were in line with our expectations and reflect our commitment to drive value for our brands in the marketplace, where we offer world-class differentiated products and services."

"Looking ahead, increased pressure on industry demand and higher raw material costs stemming from the conflict in the Middle East require that we continue to take meaningful actions to strengthen our cost structure," added Stewart. "We have consistently demonstrated a strong capability in driving cost transformation. We expect to deliver further savings to position the company for long term value creation."

Financial Results

Goodyear's first quarter 2026 net sales were $3.9 billion, with tire unit volumes totaling 34.0 million. First quarter 2026 Goodyear net loss was $249 million, or $0.86 per share, compared to Goodyear net income one year ago of $115 million, or $0.40 per share.  First quarter 2026 included several significant items, including, on a pre-tax basis, rationalization charges of $104 million. This significant item, and others, are excluded from adjusted earnings.

First quarter 2026 adjusted net loss was $112 million compared to adjusted net loss of $11 million in the prior year's quarter. Adjusted loss per share was $0.39 compared to $0.04 in the prior year's quarter. Per share amounts are diluted.

Segment Results

The company reported segment operating income of $95 million in the first quarter of 2026, compared to $195 million from one year ago. Segment operating income includes a $46 million benefit from a tariff adjustment following a recent U.S. Supreme Court decision.

After adjusting for the sales of its Chemical business and the Dunlop brand, segment operating income decreased $63 million. The decrease in segment operating income reflects higher inflation and other costs of $163 million and the impact of lower volume of $159 million, partially offset by benefits from Goodyear Forward of $107 million, favorable price/mix versus raw material costs of $103 million and an IEEPA tariff adjustment of $46 million.

Additional earnings materials can be found on Goodyear's investor relations website at http://investor.goodyear.com. 

Reconciliation of Non-GAAP Financial Measures

See "Non-GAAP Financial Measures" and "Financial Tables" for further explanation and reconciliation tables for historical Total Segment Operating Income and Margin; Adjusted Net Income (Loss); and Adjusted Diluted Earnings per Share, reflecting the impact of certain significant items on the 2026 and 2025 periods.

Business Segment Results

AMERICAS                          

First Quarter

(In millions)

2026

2025

Tire Units

15.3

18.4

Net Sales

$2,063

$2,502

Segment Operating Income 

$37

$155

Segment Operating Margin

1.8 %

6.2 %

Americas' first quarter 2026 net sales of $2.1 billion were 17.5% lower than the previous year, driven by a decline in consumer replacement volume and the sale of the Chemical business. Tire unit volume decreased 17.0%. Replacement tire unit volume decreased 23.2%, driven by weak industry conditions in North America. Replacement volumes reflect lower sell-in industry volume, increased competitive promotional activity and the planned rationalization of lower-tier product offerings. Original equipment tire unit volume increased 8.2%, reflecting strong consumer market share gains. Similar to prior quarters, Commercial industry volume was lower in both OE and replacement given a prolonged industry downturn.

Segment operating income of $37 million decreased $118 million from last year. Excluding the impact of the sale of the Chemical business, Americas' segment operating income decreased $87 million driven by the impact of lower volume, general inflation and higher other costs, partially offset by Goodyear Forward benefits, the expected IEEPA tariff refund, and price/mix versus raw materials.

EMEA

First Quarter

(In millions)

2026

2025

Tire Units

11.2

12.3

Net Sales

$1,363

$1,277

Segment Operating Income (Loss)

$1

$(5)

Segment Operating Margin

0.1 %

(0.4) %

EMEA's first quarter 2026 net sales of $1.4 billion increased 6.7% from first quarter 2025, driven by benefits from currency and price/mix, partly offset by lower tire volume, inclusive of the sale of the Dunlop brand. Replacement unit volume decreased 15.2%, driven by market weakness in the E.U., increased competition and the planned rationalization of lower-tier product offerings. Original equipment tire unit volume increased 8.1%, reflecting strong consumer market share gains.

First quarter segment operating income of $1 million increased $6 million from the prior year. Excluding the impact of the sale of the Dunlop brand, EMEA's segment operating income increased $13 million driven by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by higher costs and inflation.

ASIA PACIFIC

First Quarter

(In millions)

2026

2025

Tire Units

7.5

7.8

Net Sales

$455

$474

Segment Operating Income 

$57

$45

Segment Operating Margin

12.5 %

9.5 %

Asia Pacific's first quarter 2026 net sales of $455 million were 4.0% lower than the previous year, as a result of lower volume. Tire unit volume decreased 3.8%, driven by weak OE industry demand in China.

First quarter 2026 segment operating income of $57 million was $12 million higher than the prior year driven by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by the impact of lower volume.

Conference Call

The company will host an investor call on Thursday, May 7, 2026, at 8:30 a.m. Eastern time. Please visit Goodyear's investor relations website: http://investor.goodyear.com, for additional earnings materials.

The investor call can be accessed on the website or via telephone by calling either (800) 579-2543 or (785) 424-1789 before 8:25 a.m. Eastern time and providing the conference ID "Goodyear." A replay will be available by calling (800) 839-2394 or (402) 220-7207. The replay will also be available on Goodyear's investor relations website.

About Goodyear

Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate. 

Forward-Looking Statements

Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any IEEPA tariff refund; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

Non-GAAP Financial Measures (unaudited)

This news release presents non-GAAP financial measures, including Total Segment Operating Income and Margin, Adjusted Net Income (Loss), and Adjusted Diluted Earnings Per Share (EPS), which are important financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be construed as alternatives to corresponding financial measures presented in accordance with U.S. GAAP.

Total Segment Operating Income is the sum of the individual strategic business units' (SBUs') Segment Operating Income as determined in accordance with U.S. GAAP. Total Segment Operating Margin is Total Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management believes that Total Segment Operating Income and Margin are useful because they represent the aggregate value of income created by the company's SBUs and exclude items not directly related to the SBUs for performance evaluation purposes. The most directly comparable U.S. GAAP financial measures to Total Segment Operating Income and Margin are Goodyear Net Income (Loss) and Return on Net Sales (which is calculated by dividing Goodyear Net Income (Loss) by Net Sales).

Adjusted Net Income (Loss) is Goodyear Net Income (Loss) as determined in accordance with U.S. GAAP adjusted for certain significant items. Adjusted Diluted Earnings Per Share (EPS) is the company's Adjusted Net Income (Loss) divided by Weighted Average Shares Outstanding-Diluted as determined in accordance with U.S. GAAP. Management believes that Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share (EPS) are useful because they represent how management reviews the operating results of the company excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, impairments, asset sales and certain other significant items.

It should be noted that other companies may calculate similarly-titled non-GAAP financial measures differently and, as a result, the measures presented herein may not be comparable to such similarly-titled measures reported by other companies. See the following tables for reconciliations of historical Total Segment Operating Income and Margin, Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share to the most directly comparable U.S. GAAP financial measures.

The Goodyear Tire & Rubber Company and Subsidiaries

Financial Tables (Unaudited)

Table 1: Consolidated Statements of Operations

Three Months Ended

March 31,

(In millions, except per share amounts)

2026

2025

Net Sales

$ 3,881

$ 4,253

Cost of Goods Sold

3,188

3,513

Selling, Administrative and General Expense

668

650

Rationalizations

104

81

Interest Expense

95

115

Other (Income) Expense

9

25

Net (Gain) Loss on Asset Sales

(3)

(262)

Income (Loss) before Income Taxes

(180)

131

United States and Foreign Tax Expense

66

13

Net Income (Loss)

(246)

118

Less: Minority Shareholders' Net Income (Loss)

3

3

Goodyear Net Income (Loss)

$  (249)

$   115

Goodyear Net Income (Loss) — Per Share of Common Stock

Basic

$ (0.86)

$  0.40

Weighted Average Shares Outstanding

288

287

Diluted

$ (0.86)

$  0.40

Weighted Average Shares Outstanding

288

289

Table 2: Consolidated Balance Sheets

March 31,

December 31,

(In millions, except share data)

2026

2025

Assets:

Current Assets:

     Cash and Cash Equivalents

$             723

$             801

Accounts Receivable, less Allowance — $84 ($89 in 2025)

2,602

2,341

     Inventories:

          Raw Materials

606

616

          Work in Process

202

195

          Finished Products

3,055

2,761

3,863

3,572

     Assets Held for Sale

6

58

     Prepaid Expenses and Other Current Assets

452

446

          Total Current Assets

7,646

7,218

Goodwill

43

42

Intangible Assets

658

663

Deferred Income Taxes

345

348

Other Assets

1,101

1,096

Operating Lease Right-of-Use Assets

987

998

Property, Plant and Equipment, less Accumulated Depreciation — $12,486 ($12,390 in 2025)

7,689

7,843

          Total Assets

$          18,469

$           18,208

Liabilities:

Current Liabilities:

     Accounts Payable — Trade

$            3,754

$            3,879

     Compensation and Benefits

559

578

     Other Current Liabilities

1,134

1,259

     Notes Payable and Overdrafts

483

506

     Operating Lease Liabilities due Within One Year

199

196

     Long Term Debt and Finance Leases due Within One Year

1,226

364

          Total Current Liabilities

7,355

6,782

     Operating Lease Liabilities

848

862

     Long Term Debt and Finance Leases

5,276

5,328

     Compensation and Benefits

763

787

     Deferred Income Taxes

102

105

     Other Long Term Liabilities

951

941

          Total Liabilities

15,295

14,805

Commitments and Contingent Liabilities

Shareholders' Equity:

Goodyear Shareholders' Equity:

     Common Stock, no par value:

Authorized, 450 million shares, Outstanding shares — 287 million in 2026 (286 million in 2025)

287

286

     Capital Surplus

3,175

3,175

     Retained Earnings

3,111

3,360

     Accumulated Other Comprehensive Loss

(3,569)

(3,588)

          Goodyear Shareholders' Equity

3,004

3,233

Minority Shareholders' Equity — Nonredeemable

170

170

          Total Shareholders' Equity

3,174

3,403

          Total Liabilities and Shareholders' Equity

$          18,469

$           18,208

Table 3: Consolidated Statements of Cash Flows

Three Months Ended

March 31,

(In millions)

2026

2025

Cash Flows from Operating Activities:

Net Income (Loss)

$            (246)

$             118

     Adjustments to Reconcile Net Income (Loss)  to Cash Flows from Operating Activities:

          Depreciation and Amortization

239

270

          Amortization and Write-Off of Debt Issuance Costs

3

6

          Provision for Deferred Income Taxes

(2)

(31)

          Net Pension Curtailments and Settlements

—

4

          Net Rationalization Charges

104

81

          Rationalization Payments

(83)

(65)

          Net (Gain) Loss on Asset Sales

(3)

(262)

          Operating Lease Expense

74

78

          Operating Lease Payments

(69)

(71)

          Pension Contributions and Direct Payments

(10)

(41)

     Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:

          Accounts Receivable

(275)

(431)

          Inventories

(294)

(365)

          Accounts Payable — Trade

(81)

46

          Compensation and Benefits

(8)

(28)

          Other Current Liabilities

(77)

95

          Other Assets and Liabilities

10

58

     Total Cash Flows from Operating Activities

(718)

(538)

Cash Flows from Investing Activities:

          Capital Expenditures

(175)

(259)

          Asset Dispositions

1

720

          Other Transactions

—

(29)

     Total Cash Flows from Investing Activities

(174)

432

Cash Flows from Financing Activities:

          Short Term Debt and Overdrafts Incurred

225

409

          Short Term Debt and Overdrafts Paid

(245)

(535)

          Long Term Debt Incurred

2,220

5,951

          Long Term Debt Paid

(1,393)

(5,627)

          Other Transactions

13

13

     Total Cash Flows from Financing Activities

820

211

Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash

3

9

     Net Change in Cash, Cash Equivalents and Restricted Cash

(69)

114

Cash, Cash Equivalents and Restricted Cash at Beginning of the Period

910

864

     Cash, Cash Equivalents and Restricted Cash at End of the Period

$             841

$             978

Table 4: Reconciliation of Segment Operating Income & Margin

Three Months Ended

March 31,

(In millions)

2026

2025

Total Segment Operating Income

$     95

$   195

     Less:

          Rationalizations

104

81

          Interest Expense

95

115

          Other (Income) Expense

9

25

          Net (Gain) Loss on Asset Sales

(3)

(262)

          Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net

16

46

          Corporate Incentive Compensation Plans

23

16

          Retained Expenses of Divested Operations

3

5

          Other

28

38

Income (Loss) before Income Taxes

$  (180)

$   131

United States and Foreign Tax Expense

66

13

Less: Minority Shareholders' Net Income (Loss)

3

3

Goodyear Net Income (Loss)

$  (249)

$   115

Net Sales

$  3,881

$  4,253

Return on Net Sales

(6.4) %

2.7 %

Total Segment Operating Margin

2.4 %

4.6 %

Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share

First Quarter 2026

(In millions, except per share amounts)

As Reported

Rationalizations,
Asset Write-offs,
Accelerated
Depreciation and
Leases

Indirect Tax
Settlements and
Discrete Tax Items

Asset and
Other Sales

As Adjusted

Net Sales

$    3,881

$             —

$               —

$         —

$        3,881

Cost of Goods Sold

3,188

(16)

(8)

—

3,164

Gross Margin

693

16

8

—

717

SAG

668

—

—

—

668

Rationalizations

104

(104)

—

—

—

Interest Expense

95

—

—

—

95

Other (Income) Expense

9

—

—

—

9

Net (Gain) Loss on Asset Sales

(3)

—

—

3

—

Pre-tax Income (Loss)

(180)

120

8

(3)

(55)

Taxes

66

8

(21)

—

53

Minority Interest

3

1

—

—

4

Goodyear Net Income (Loss)

$     (249)

$            111

$               29

$         (3)

$         (112)

EPS

$     (0.86)

$           0.38

$             0.10

$      (0.01)

$         (0.39)

First Quarter 2025 

(In millions, except per share amounts)

As
Reported

Rationalizations,
Asset Write-offs,
Accelerated
Depreciation
and Leases

Goodyear
Forward
Costs

Pension
Settlement
Charges
(Credits)

Asset and
Other Sales

As
Adjusted

Net Sales

$  4,253

$            —

$         —

$        —

$        —

$   4,253

Cost of Goods Sold

3,513

(43)

—

—

—

3,470

Gross Margin

740

43

—

—

—

783

SAG

650

(3)

(2)

—

—

645

Rationalizations

81

(81)

—

—

—

—

Interest Expense

115

—

—

—

—

115

Other (Income) Expense

25

—

(5)

(4)

—

16

Net (Gain) Loss on Asset Sales

(262)

—

—

—

262

—

Pre-tax Income (Loss)

131

127

7

4

(262)

7

Taxes

13

23

2

1

(25)

14

Minority Interest

3

1

—

—

—

4

Goodyear Net Income (Loss)

$    115

$           103

$          5

$         3

$     (237)

$     (11)

EPS

$    0.40

$          0.36

$       0.02

$      0.01

$     (0.83)

$    (0.04)

SOURCE The Goodyear Tire & Rubber Company

For the quarter ended March 2026, Goodyear (GT - Free Report) reported revenue of $3.88 billion, down 8.8% over the same period last year. EPS came in at -$0.39, compared to -$0.04 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.86 billion, representing a surprise of +0.49%. The company delivered an EPS surprise of +19.72%, with the consensus EPS estimate being -$0.49.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Goodyear performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Tire units - Americas: 15.3 million versus the two-analyst average estimate of 15.92 million.Tire units - Asia Pacific Tire: 7.5 million versus 7.37 million estimated by two analysts on average.Tire units - Europe Middle East and Africa Tire: 11.2 million compared to the 11.26 million average estimate based on two analysts.Tire units - Total: 34 million compared to the 34.55 million average estimate based on two analysts.Net Sales- Americas: $2.06 billion versus the two-analyst average estimate of $2.19 billion.Net Sales- Asia Pacific: $455 million compared to the $419.12 million average estimate based on two analysts.Net Sales- Europe, Middle East and Africa: $1.36 billion versus $1.24 billion estimated by two analysts on average.View all Key Company Metrics for Goodyear here>>>

Shares of Goodyear have returned +5.7% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Key Takeaways Goodyear posted a narrower Q1 loss as tariff benefits and cost savings offset weaker demand.GT Americas sales fell 17.5% as weak replacement demand and destocking hurt tire volumes.GT raised its 2026 Goodyear Forward savings target to about $325 million amid cost pressure. The Goodyear Tire & Rubber Company (GT - Free Report) incurred an adjusted loss of 39 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 49 cents. The company delivered a 19.72% earnings surprise, though the figure deteriorated from the year-ago quarter’s adjusted loss of 4 cents per share.

Net sales were $3.88 billion, down 8.8% year over year but slightly above the Zacks Consensus Estimate of $3.86 billion, representing a 0.49% revenue surprise.

Tire unit volumes fell 11.6% to 34 million, reflecting weaker demand and lower shipments to customers.

GT Segment Profit Slips on Volume & CostsTotal segment operating income fell to $95 million from $195 million a year ago due to weaker demand and higher costs. The company faced pressure from lower sales volumes and inflation-related expenses, though some of the impact was offset by price increases and better operational execution.

The quarter was supported by a $46 million IEEPA tariff-related benefit and $107 million in savings from the Goodyear Forward program. Better pricing and product mix relative to raw material costs also helped, but these gains were not enough to fully offset the impact of weaker sales volumes and higher overall costs.

Goodyear Americas Weakness Offsets Mix GainsGT’s Americas segment reported net sales of $2.06 billion, down 17.5% year over year, while tire unit volumes declined 17% to 15.3 million. Results were hurt by weaker consumer replacement demand, channel destocking, tougher competition and the planned reduction of lower-tier products.

Segment operating income in the region fell to $37 million from $155 million a year ago, while margin narrowed to 1.8% from 6.2%. Profitability was hurt by weaker market conditions and higher costs, with savings from the Goodyear Forward program and pricing actions only partially offsetting the pressure.

GT EMEA Improves on Pricing and Currency BenefitsGoodyear’s EMEA business performed relatively better, with sales rising 6.7% year over year to $1.36 billion even though tire volumes fell 8.5% to 11.2 million units. Higher prices, a better product mix and favorable currency impact helped offset weak market demand and lower sales of lower-tier products.

Segment operating income improved to $1 million from a loss of $5 million a year ago, lifting margin to 0.1% from negative 0.4%. The region also continued to gain market share in original equipment, supporting a better product mix despite uneven demand conditions.

Goodyear Asia Pacific Delivers Margin ExpansionGoodyear’s Asia Pacific business generated net sales of $455 million, down 4% year over year, as tire units dipped 3.8% to 7.5 million. The company said weaker demand from automakers in China hurt results, especially after government incentives were reduced.

Even with softer volume, segment operating income increased to $57 million from $45 million, and margin expanded to 12.5% from 9.5%. The improvement was driven by strong demand for premium products, better pricing relative to raw material costs, and savings from the Goodyear Forward program in the region.

GT Cash Usage Rises Amid Working Capital SwingsSelling, general & administrative expenses increased to $668 million from $650 million in the year-ago period.

Goodyear had cash and cash equivalents of $723 million as of March 31, 2026, down from $801 million reported as of Dec. 31, 2025.

Operating cash flow was negative at $718 million as of March 31, 2026, compared to negative $538 million recorded as of March 31, 2025, mainly due to weaker earnings and higher working capital requirements during the quarter.

Long-term debt and finance leases amounted to $5.28 billion as of March 31, 2026, down from $5.33 billion as of Dec. 31, 2025.

Capital expenditure for first-quarter 2026 was $175 million, down from $259 million reported as of March 31, 2025.

The company’s liquidity position remains under pressure as the first quarter typically uses significant cash and Goodyear continues to spend on restructuring and investments.

Goodyear Outlook Calls for Forward BenefitsGoodyear is relying on cost cuts and a better product mix to deal with weak demand and changing costs. The company expects about $90 million in savings from the Goodyear Forward program in the second quarter of 2026 and increased its full-year 2026 savings target to around $325 million.

For the second quarter of 2026, Goodyear expects about $50 million in benefits from pricing and product mix and around $100 million in raw material savings, though these gains are expected to be offset by roughly $200 million in higher inflation, tariffs, and other costs.

For full-year 2026, the company expects capital spending of about $725 million (previous estimate: $825 million). Interest expense is expected to be around $425 million. Depreciation and amortization are expected to be approximately $915 million.

GT currently has a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Releases From Auto SpaceAutoliv, Inc. (ALV - Free Report) reported first-quarter 2026 results on April 17. It posted adjusted earnings of $2.05 per share, which declined 4.7% year over year but surpassed the Zacks Consensus Estimate of $1.77 by 15.8%. Net sales were $2.75 billion, up 6.8% from the year-ago quarter’s level. The figure beat the Zacks Consensus Estimate of $2.63 billion by 4.52%.

Autoliv ended the quarter with cash and cash equivalents of $342 million compared with $322 million a year earlier. Long-term debt was $1.7 billion compared with $1.56 billion in the year- ago period. Shareholder returns continued through dividends. Autoliv paid a cash dividend of 87 cents per share in the quarter, with total dividend payments of $65 million.

Genuine Parts Company (GPC - Free Report)  reported its first-quarter 2026 results on April 21. It posted adjusted earnings of $1.77 per share, which missed the Zacks Consensus Estimate of $1.81 by 1.94%. The bottom line improved 1.1% from the year-ago quarter’s adjusted earnings of $1.75 per share.

The company posted revenues of $6.27 billion, which beat the Zacks Consensus Estimate of $6.17 billion by 1.5% and increased 6.8% year over year. The performance was driven by solid sales growth across business segments and a 20-basis-point improvement in gross margin to 37.3%.

GPC’s total liquidity was $1.3 billion as of March 31, 2026, including $500 million in cash and $838 million of revolver capacity. During the quarter, GPC invested $98 million in capex and $14 million in acquisitions while returning $142 million to shareholders via dividends. For 2026, the company targets $450-$500 million in capex and $300-$350 million in M&A, with approximately 7.5 million shares remaining under its repurchase authorization.

Toronto, Ontario--(Newsfile Corp. - May 11, 2026) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT") is pleased to report results from it's nickel re-assay and infill sampling program on the Läntinen Koillismaa ("LK") Copper - Nickel - Palladium - Platinum Project, located in northcentral Finland.

Highlights

The Company has completed an extensive nickel re-assay (4,588 samples) and infill sampling (516 samples) program of historic drill core form the Kaukau Zone of the LK deposit. This program was undertaken to standardize the analytical techniques used in the Kaukua Deposit and to expand and better define mineralization.

A ~38% increased nickel grade was realized using the four acid digestion method compared to the historic aqua regia method for a 0.10% Nickel grade sample. The increased grade is slightly better than expected results based on prior testing.

The improved grades will have a positive effect on future mineral resource estimates at the Kaukua Deposit. With the re-assay testing complete, we now have both the Kaukua and Kaukua South Deposits fully analysed with the same analytical technique thereby providing consistency for future studies.

Previous operators sporadically sampled portions of the deposit thus an incomplete dataset was utilized in preparing the current NI 43-101 Mineral Resource Estimate, the unsampled intervals were assigned zero grade. To generate a complete dataset the Company conducted an infill assay program.

Infill results revealed several samples grading from 0.05 to 0.30 g/t Palladium. Infill results frequently extended the width of the originally reported mineralized intersection by more than 10 meters (e.g. Holes KAU-09-041 and KAU08-031). While lower grade, new broader mineralized sections provide the opportunity to reduce waste material that would otherwise be mined and increase processed tonnage.

Expanded Intersection Infill and Ni re-assays, hole KAU09-041

0.44 g/t TPM (Total Precious Metal) (0.11 g/t Platinum, 0.30 g/t Palladium, and 0.02 g/t Gold), 0.05% Cu, 0.13% Ni over 47.15 meters from 35.50 to 82.65 meters down hole Original intersection, hole KAU09-041

0.79 g/t TPM (0.20 g/t Platinum, 0.55 g/t Palladium, and 0.04 g/t Gold), 0.09% Cu, 0.09% Ni over 21.50 meters from 35.50 to 57.00 meters down hole. Expanded Intersection with Infill and Ni re-assays, hole KAU08-031

0.22 g/t TPM (0.05 g/t Platinum, 0.15 g/t Palladium, and 0.02 g/t Gold), 0.3% Cu, 0.14% Ni over 31.70 meters from 163.70 to 195.00 metes down hole Original intersection, hole KAU08-031

0.37 g/t TPM (0.08 g/t Platinum, 0.27 g/t Palladium, and 0.02 g/t Gold), 0.05% Cu, 0.08% Ni over 11.70 meters from 163.30 to 175.00 meters downhole.Neil Pettigrew, Vice President Exploration, commented "The LK Project, represents the Company's most advanced project having a Palladium -Platinum - Copper dominated NI 43-101 open pit Resource Estimate (Table 1a & 1b, see April 25, 2022 news release) and is well positioned to supply the European Union with critical minerals, notably copper, palladium and platinum, of which Finland is heavily dependant on imports with only one producing mine (Boliden's Kevitsa Mine). Boliden also operates both copper and nickel smelters in Finland, thereby providing LK a potential competitive logistical advantage."

Indicated Resources:1.1 Million ounces Total Precious Metals (Palladium + Platinum + Gold) ("TMP"),111 Million pounds of Copper,92 Million pounds of Nickel, contained in 38.2 million tonnes.Inferred Resources:1.1 Million ounces TMP,173 Million Pounds Copper,152 Million Pounds Nickel, contained in 49.7 million tonnes.The LK project remains open for expansion laterally and at depth, notably along the 17-km long Haukiaho Trend which represents the nearest term expansion potential (Figure 1). The Haukiaho Deposit currently occupies only 2 kilometers of this trend. Historic drilling along this trend, primarily by Outokumpu in the 1960's was only sampled for copper and nickel, partial resampling of historic drill core by the Company in 2022 (see July 20, 2022 news release) returned significant platinum and palladium grades.

Mineral Resource Estimate dated April 25, 2022:

Table 1a. 2022 LK MRE

MINERAL RESOURCE ESTIMATE - April 2022Tonnes & Grade
Tonnes (Mt)PdPtAuTPMCuNiCo(g/t)(g/t)(g/t)(g/t)(%)(%)(g/t)Indicated
Kaukua Area38.20.610.220.070.890.130.1164.56Inferred
Kaukua Area +Murtolampi30.80.520.200.080.800.140.1486.07Haukiaho18.90.270.110.100.480.180.1454.30Total Inf.49.70.430.170.090.680.160.1473.98Table 1b: 2022 LK MRE In-situ contained metal

MINERAL RESOURCE ESTIMATE - April 2022Contained Metal
PdPtAuTPM CuNiCo(M oz)(M oz)(M oz)(M oz)(M lbs)(M lbs)(M lbs)Indicated
Kaukua Area0.740.260.081.09110.791.65.4Inferred
Kaukua Area +Murtolampi0.520.200.070.7996.593.95.8Haukiaho0.160.070.060.2976.457.52.3Total Inf.0.680.260.141.08172.9151.58.1Notes:

CIM (2014) definitions were followed for Mineral Resources.The Mineral Resources have been reported above a preliminary open pit constraining surface using a Net Smelter Return (NSR) pit discard cut-off of US$12.5/t (which for comparison purposes equates to an approximately 0.65 g/t Palladium Equivalent in-situ cut-off, based on metal prices only). The NSR used for reporting is based on the following: Long term metal prices of US$ 1,700/oz Pd, US$ 1,100/oz Pt, US$ 1,800/oz Au, US$ 4.25/lb Cu, US$ 8.50/lb Ni and US$ 25/lb Co.Variable metallurgical recoveries for each metal were used at Kaukua and Murtolampi and fixed recoveries of 79.8% Pd, 80.1% Pt, 65% Au, 89% Cu, 64% Ni and 0% Co at Haukiaho.Commercial terms for a Cu and Ni concentrate based on indicative quotations from smelters. Total Precious Metals (TPM) equals palladium plus platinum plus goldBulk densities range between 1.8 and 3.23 t/m3.Numbers may not add up due to rounding.Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. The Mineral Resource Estimate was prepared by the Company under the supervision of Mr. Sean Horan, P.Geo., Technical Manager of Geology at SLR Consulting Ltd., based in Toronto, Ontario, Canada. Mr. Horan is an Independent Qualified Person as defined by NI 43-101. The Mineral Resource Estimate in the April 25, 2022 news release has been classified in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves (May 14, 2014).

2026 Assay Infill and Re-assay Program

The 2026 infill and re-assay program targeted historic drilling of the Kaukua Deposit which was undertaken prior to 2009. The historic drill programs did not sample 100% of the drill core, which provided potential to identify additional in pit resources. A total of 516 infill samples and 4,588 drill core pulps for nickel re-assay were collected and submitted for analysis (Figure 2).

The primary focus of the program was to produce a homogenous assay database at Kaukua with all samples analysed using the same analytical techniques. Historic drill programs used the "Aqua Regia" digestion method. Aqua Regia is a partial digestion method which underestimates the total nickel grade as it only digests sulphide hosted nickel. The majority of the drill hole samples at Kaukua were completed by the Company and were analysed with the "Four Acid" digestion method which provides a more complete digestion of the sample and representation of total nickel grade. All the Metallurgical testing by the Company and the Net Smelter Return ("NSR") calculation used in the 2022 Mineral Resource Estimate assumed all samples were analysed using the Four Acid digestion method. This resulted in a two-fold effect: it under reported total nickel grades and secondly it applied an unnecessarily harsh nickel recovery to historic drill holes. Re-assaying historic samples analysed by Aqua Regia was one of the recommendations from the 2022 technical report.

Nickel re-assay using the Four Acid method significantly increased the nickel grade of lower grade (<0.2% Ni) of historic samples analysed by Aqua Regia. For example, a historic sample with a grade of 0.10% Ni by Aqua Regia returned on average 0.138% Ni, a 38% increase in grade (Figure 3). This increase in is line with, but also slightly better than the approximate ~30% expected from limited past analysis by both Four acid and Aqua Regia methods. For historic samples with less than 0.1% Ni analysed with Aqua Regia the grade increase percentage rises substantially as the proportion of silicate to sulphide hosted nickel increases (Figure 4). For historic samples >0.2% Ni analysed with Aqua Regia the grade increase percentage diminishes as the proportion of silicate to sulphide hosted nickel decreases.

These testing results will have positive demonstrable effect on any future resource estimate on the Kaukua Zone, as it is now on "equal footing" with Kaukua South Zone which was analysed by the Four Acid method and for which the NSR calculation was designed for.

The infill program focused on areas that were only partially sampled historically. While these samples were in known lower grade areas, they were assigned a zero grade in the 2022 resource estimate, which artificially penalized these areas in the resource model. The results of the infill program largely reproduced the partially sampled results, but now these areas are fully represented by real grades instead of artificially zero grades which increases confidence in any future resource estimate and will have a positive effect on future waste-to-ore ratios.

Figure 1. Location Map of the LK Project, NI 43-101 Mineral Resources, and near-term expansion potential

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/296703_29286332e49e9bfb_001full.jpg

Figure 2. Location map of the Kaukua area showing location of Kaukua and Kaukua South pit-constrained mineral resource with the holes highlighted for Nickel re-assay, infill sampling and highlighting the location of Hole KAU09-041 and KAU08-031.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/296703_29286332e49e9bfb_002full.jpg

Figure 3. Nickel re-assays with Four Acid re-assay vs historic nickel assays with Aqua Regia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/296703_29286332e49e9bfb_003full.jpg

Figure 4. Percent difference of Four Acid re-assay vs historic Aqua Regia Ni assays

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/296703_29286332e49e9bfb_004full.jpg

Sample Analysis and QA/QC

All samples were collected by Company staff from pallets in the secure storage facilities of Nortec Minerals Oy in Taivalkoski, Finland. The pulp samples were stored in plastic tubes with lids and protected in Styrofoam boxes. The coarse reject was stored in sealed plastic bags. A small portion of the re-assay samples was also cut from a drill core as a ¼ sample. The infill samples were ½ drill core. The samples were checked, packed onto pallets, and shipped by Company Staff to Eurofins Labtium in Sodankylä, Finland.

Eurofins Labtium is an accredited laboratory T025 by FINAS accreditation service, accreditation requirements SFS-EN ISO/IEC 17025 and Eurofins Ahma is an accredited laboratory T131 by FINAS accreditation service, accreditation requirements SFS-EN ISO/IEC 17025.

All nickel re-assay samples were shipped to Eurofins Labtium Oy in Sodankylä, Finland for preparation and for PbO FireAssay+ ICP-OES (inductively couple plasma optical emission spectroscopy finish). 4-acid leach (a mixture of nitric acid, hydrochloric acid, hydrofluoric acid, and perchloric acid) + ICP-OES (inductively couple plasma optical emission spectroscopy finish) and ICP-MS (Inductively coupled plasma mass spectrometry) was performed in Eurofins Ahma Oy in Oulu.

Ni re-assay pulp homogenization (Eurofins method 37) was performed in Eurofins Labtium and sent to Eurofins Ahma for (Eurofins method 304P) 4-acid leach (a mixture of nitric acid, hydrochloric acid, hydrofluoric acid, and perchloric acid) + ICP-OES (inductively couple plasma optical emission spectroscopy finish) and ICP-MS (Inductively coupled plasma mass spectrometry) providing results for 31 elements including nickel, copper, silver, arsenic, cobalt, molybdenum, lead, antimony and zinc.

Ni re-assay coarse reject drying was carried out at 70°C (Eurofins method 10), pulverizing (>90%<100μm) (Eurofins method 51), was performed in Eurofins Labtium and then sent to Eurofins Ahma for (Eurofins method 304P) 4-acid leach + ICP-OES assay for 31 elements.

Drill core infill sample drying was carried out at 70°C (Eurofins method 10), Crushing (>60%<2mm) (Eurofins method 31), Subsampling (1.5kg) with riffle splitter (Eurofins method 35), Pulverising (>90%<100μm) (Eurofins method 51) was performed in Eurofins Labtium and then sent to Eurofins Ahma for (Eurofins method 304P) 4-acid leach + ICP-OES assay for 31 elements. PbO Fire Assay, subsample 50g + ICP-OES (Eurofins method 705P), providing results for gold, palladium and platinum. A detection limit for Au, Pd and Pt was 20 ppb. 705P assays were performed in Eurofins Labtium in Sodankylä.

QA/QC Certified reference materials (Standards) were source from CDN Resource Laboratories Ltd., of Langley, B.C. Canada. Low, medium, and high Standard were inserted every 20th sample into the sample stream by Company staff. All standards passed within 3 standard deviations.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P.Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About GT Resources

GT Resources Inc. (TSXV: GT) is a mineral exploration company with a strategy to develop copper, nickel, platinum and palladium mining projects in Europe and North America. Our projects are located in Finland and Canada and are comprised of district scale opportunities that have attracted strategic investment from a major mining company.

Follow GT Resources on LinkedIn, Twitter, and at https://gtresourcesinc.com/.

ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director 

For further information contact:
Derrick Weyrauch, President & CEO
Email: [email protected]

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296703

Source: GT Resources Inc.

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The Goodyear Tire & Rubber Company remains a Hold, reflecting persistent uncertainty and operational headwinds despite trading near 52-week lows. Q1 2026 results showed declining volumes, pressured margins, and a mixed regional performance, with the Americas notably weak and Asia Pacific providing some offset. Goodyear Forward cost savings are materializing, but raw material cost risks and weak demand undermine margin recovery and earnings visibility.

, /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "company") today announced that it has commenced a public offering of $750 million aggregate principal amount of 6-year senior notes (the "notes"). The notes will be senior unsecured obligations of the company. Issuance and sale of the notes is subject to market and other customary closing conditions.

Goodyear intends to use the net proceeds from this offering to repay, redeem or repurchase its outstanding 4.875% Senior Notes due 2027 (the "4.875% Notes") at or prior to their maturity on March 15, 2027. Any remaining net proceeds will be used for general corporate purposes. As of March 31, 2026, there was $700 million in aggregate principal amount of the 4.875% Notes outstanding. Pending the repayment, redemption or repurchase of the 4.875% Notes, Goodyear intends to temporarily apply a portion of the net proceeds from this offering to repay outstanding balances under certain credit facilities.

J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Fifth Third Securities, Inc., MUFG Securities Americas Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc. and PNC Capital Markets LLC are acting as the joint book-running managers, and Capital One Securities, Inc., CIBC Capital Markets, Santander US Capital Markets LLC, Citizens JMP Securities, LLC, HSBC Securities (USA) Inc., Huntington Securities, Inc., KeyBanc Capital Markets Inc., U.S. Bancorp Investments, Inc., Regions Securities LLC and Standard Chartered Bank are acting as the co-managers for the offering.

The offering will be made under an effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission on May 29, 2025. The offering of the notes may be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from:

J.P. Morgan Securities LLC

The Goodyear Tire & Rubber Company

Attn: J.P. Morgan Syndicate Desk

Investor Relations Department

270 Park Avenue

200 Innovation Way

New York, New York 10017

Akron, OH 44316

Telephone:1-212-834-4533    

Telephone: 330-796-3751

This news release shall not constitute a notice of redemption with respect to the 4.875% Notes. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; our ongoing obligations to the purchasers of our off-the-road tire business, the Dunlop brand and our polymer chemicals business; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any IEEPA tariff refund; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; economic and supply disruptions associated with events beyond our control, such as war, including the current conflicts between Russia and Ukraine and in the Middle East; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

SOURCE The Goodyear Tire & Rubber Company

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© Courtesy The Goodyear Tire & Rubber Company

With the S&P 500 grinding near record highs, contrarian investors are sifting through the rubble of cyclical names for asymmetric setups. Stocks trading under $10 often signal trouble, but they can also flag operational turnarounds the market has stopped tracking. One legacy industrial fits that mold right now: a household-name tire maker that has quietly hit its highest segment operating margin in more than seven years while its share price has been cut in half.

With that in mind, here is one stock trading under $10 where the headline numbers and one key operating metric tell two very different stories.

Goodyear Tire & Rubber (NASDAQ: GT) Goodyear Tire & Rubber (NASDAQ:GT | GT Price Prediction) develops, manufactures, and sells tires and related services worldwide from its Akron, Ohio headquarters, with operations spanning the Americas, EMEA, and Asia Pacific.

Shares closed the most recent session at $5.96, down 31.96% year-to-date and 47.77% over the past year, with a 52-week range of $5.43 to $12.03. For a retail investor, that puts Goodyear deep in beaten-down territory, well below its $10.45 book value and trading at just 0.584 times book.

Fundamentals show a company in transition. Market cap sits near $1.75 billion, with a forward earnings multiple of roughly 8 and an EV/EBITDA of 9.11. Wall Street currently carries 1 Strong Buy, 3 Buy, 5 Hold, and 1 Sell ratings with an average price target of $7.46, implying meaningful upside from current levels. First-quarter FY26 results, reported in May, showed adjusted EPS of -$0.39 against a -$0.4261 estimate and revenue of $3.881 billion, both beating expectations.

The bull case rests on one metric the market is overlooking: Q4 2025 segment operating margin of 8.5%, up 80 basis points year-over-year and the highest level the company has achieved in more than seven years. That margin expansion is being driven by the Goodyear Forward transformation plan, which delivered $1.25 billion in cumulative benefits through Q4 2025 and reached a $1.5 billion run-rate, exceeding the original commitment by roughly $150 million. Layered on top: $2.3 billion in divestiture proceeds from the OTR tire, Dunlop, and Chemical business sales, primarily redeployed to reduce debt. Tires remain a non-discretionary replacement purchase, and any stabilization in rubber and petroleum input costs flows directly to the bottom line.

The key risk that cuts against the thesis is real and visible. Americas replacement tire volumes fell 23.2% in Q1, and CEO Mark Stewart warned that “increased pressure on industry demand and higher raw material costs stemming from the conflict in the Middle East require that we continue to take meaningful actions to strengthen our cost structure.” WTI crude surged from $57.97 in December 2025 to $100.32 by April 2026, pressuring rubber and synthetic input costs. Management is responding with further restructuring, including a potential closure of the Fayetteville, North Carolina facility by end of 2027.

The setup leaves Goodyear as a classic cyclical contrarian candidate: weak near-term demand and commodity headwinds are obscuring a structural margin reset and aggressive deleveraging.

A low share price by itself never makes a stock cheap, and Goodyear’s sub-$10 quote reflects genuine cyclical pressure and a balance sheet that took non-cash hits during the transformation. Investors should weigh the margin progress and the $1.5 billion run-rate cost program against tariff exposure, import competition, and raw material volatility, then do their own research before deciding whether GT fits their portfolio.

The BANGR at the HANGR was by far the weirdest and most iconic blimp-themed birthday party ever

, /PRNewswire/ -- After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.

After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.

After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.

After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.

After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.

After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.

After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.

After more than 100 years of soaring over the most memorable pop culture moments, the Goodyear Blimp created one of its own: a birthday bash turned first-ever music festival inside an airship hangar, dubbed the BANGR at the HANGR, marking the second annual birthday party hosted by the brand.

With the larger-than-life Goodyear Blimp on-site and attendees ranging from legendary mascots, influencers and a headlining DJ, festivalgoers flew on Wingfoot One, enjoyed an exclusive set from DJ Noizu on a stage outfitted with Goodyear tires, browsed signature brand merch, attended an exclusive after-party and soaked in a Blimpworthy atmosphere to celebrate the icon's big day.

From mascot-sized photo ops to festivalgoers breaking it down on the dance floor, every moment of the day was a blend of fun, chaos and charm – just how the high-flying guest of honor intended.

VIP Guest List
The BANGR at the HANGR was full of nostalgic mascots from legendary brands who danced from sunrise to sunset alongside the main character itself: the Goodyear Blimp. Festivalgoers included:

Grumpy Bear, Funshine Bear and Cheer Bear from the Care Bears™ Puppies from Kind Paw Rescue wearing Fi AI-powered GPS wearables The bunderful Oscar Mayer Wienermobile An inflatable Flo from Progressive Insurance® Cha! Cha! The Tree Frog from Rainforest Cafe Geoffrey from Toys"R"Us Coco Man from Vita Coco In addition to an appearance by a Northeast Ohio favorite, Swensons Drive-In, sports mascots from the state, where Goodyear's Global Headquarters is located, and beyond, joined the fun all day long, such as Chomps from the Cleveland Browns, Flash the Golden Eagle from Kent State University and Zippy from the University of Akron.

Explore the media gallery for a full look at BANGR at the HANGR and stay connected on social media for ongoing recaps and standout moments from the Goodyear Blimp's 101st birthday celebration.

About The Goodyear Tire & Rubber Company
Goodyear (NASDAQ: GT) is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

CONTACT:
THERESA HOLZ
330.815.6834
[email protected] 

SOURCE The Goodyear Tire & Rubber Company

It has been about a month since the last earnings report for Goodyear (GT - Free Report) . Shares have lost about 17.5% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Goodyear due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for The Goodyear Tire & Rubber Company before we dive into how investors and analysts have reacted as of late.

Goodyear Q1 Earnings Beat EstimatesGoodyear incurred an adjusted loss of 39 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 49 cents. The company delivered a 19.72% earnings surprise, though the figure deteriorated from the year-ago quarter’s adjusted loss of 4 cents per share.

Net sales were $3.88 billion, down 8.8% year over year but slightly above the Zacks Consensus Estimate of $3.86 billion, representing a 0.49% revenue surprise. 

Tire unit volumes fell 11.6% to 34 million, reflecting weaker demand and lower shipments to customers.

GT Segment Profit Slips on Volume & CostsTotal segment operating income fell to $95 million from $195 million a year ago due to weaker demand and higher costs. The company faced pressure from lower sales volumes and inflation-related expenses, though some of the impact was offset by price increases and better operational execution.

The quarter was supported by a $46 million IEEPA tariff-related benefit and $107 million in savings from the Goodyear Forward program. Better pricing and product mix relative to raw material costs also helped, but these gains were not enough to fully offset the impact of weaker sales volumes and higher overall costs.

Goodyear Americas Weakness Offsets Mix GainsGT’s Americas segment reported net sales of $2.06 billion, down 17.5% year over year, while tire unit volumes declined 17% to 15.3 million. Results were hurt by weaker consumer replacement demand, channel destocking, tougher competition and the planned reduction of lower-tier products.

Segment operating income in the region fell to $37 million from $155 million a year ago, while margin narrowed to 1.8% from 6.2%. Profitability was hurt by weaker market conditions and higher costs, with savings from the Goodyear Forward program and pricing actions only partially offsetting the pressure.

GT EMEA Improves on Pricing and Currency BenefitsGoodyear’s EMEA business performed relatively better, with sales rising 6.7% year over year to $1.36 billion even though tire volumes fell 8.5% to 11.2 million units. Higher prices, a better product mix and favorable currency impact helped offset weak market demand and lower sales of lower-tier products.

Segment operating income improved to $1 million from a loss of $5 million a year ago, lifting margin to 0.1% from negative 0.4%. The region also continued to gain market share in original equipment, supporting a better product mix despite uneven demand conditions.

Goodyear Asia Pacific Delivers Margin ExpansionGoodyear’s Asia Pacific business generated net sales of $455 million, down 4% year over year, as tire units dipped 3.8% to 7.5 million. The company said weaker demand from automakers in China hurt results, especially after government incentives were reduced.

Even with softer volume, segment operating income increased to $57 million from $45 million, and margin expanded to 12.5% from 9.5%. The improvement was driven by strong demand for premium products, better pricing relative to raw material costs, and savings from the Goodyear Forward program in the region.

GT Cash Usage Rises Amid Working Capital SwingsSelling, general & administrative expenses increased to $668 million from $650 million in the year-ago period.

Goodyear had cash and cash equivalents of $723 million as of March 31, 2026, down from $801 million reported as of Dec. 31, 2025.

Operating cash flow was negative at $718 million as of March 31, 2026, compared to negative $538 million recorded as of March 31, 2025, mainly due to weaker earnings and higher working capital requirements during the quarter.

Long-term debt and finance leases amounted to $5.28 billion as of March 31, 2026, down from $5.33 billion as of Dec. 31, 2025.

Capital expenditure for first-quarter 2026 was $175 million, down from $259 million reported as of March 31, 2025.

The company’s liquidity position remains under pressure as the first quarter typically uses significant cash and Goodyear continues to spend on restructuring and investments.

Goodyear Outlook Calls for Forward BenefitsGoodyear is relying on cost cuts and a better product mix to deal with weak demand and changing costs. The company expects about $90 million in savings from the Goodyear Forward program in the second quarter of 2026 and increased its full-year 2026 savings target to around $325 million.

For the second quarter of 2026, Goodyear expects about $50 million in benefits from pricing and product mix and around $100 million in raw material savings, though these gains are expected to be offset by roughly $200 million in higher inflation, tariffs, and other costs.

For full-year 2026, the company expects capital spending of about $725 million (previous estimate: $825 million). Interest expense is expected to be around $425 million. Depreciation and amortization are expected to be approximately $915 million.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in fresh estimates.

The consensus estimate has shifted -207.41% due to these changes.

VGM ScoresAt this time, Goodyear has a subpar Growth Score of D, a grade with the same score on the momentum front. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Goodyear has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.