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AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN) (“Hyliion”), a developer of modular power plant technology, today reported financial results for the first quarter ended March 31, 2026, and provided key updates on the development of the KARNO™ Power Module platform.

Key Business Highlights

Successfully completed non-recurring UL certification testing of the KARNO Power Module, a key milestone for enabling customer site deliveries Executed an LOI with advanced data center developer VFG Holdings for up to 250 KARNO Cores, or 50 megawatts, targeted over five years Nearly 750 KARNO Cores under non-binding letters of intent, representing more than $400 million of potential revenue at current pricing On track to complete the deployment of the approximately 10 early adopter units in 2026 and commercialize the KARNO Power Module by year end Commenced build of an 800-kilowatt KARNO system for an unmanned U.S. Navy vessel, the same platform to be used in multi-megawatt systems for data center applications Reaffirming $40 to $50 million in expected additional U.S. military contracts during 2026 Demonstrated dynamic in-operation fuel switching across diesel, natural gas, and hydrogen on a single KARNO reactor Recorded first-quarter revenue of $2.8 million, up fourfold from Q4 2025 revenue; reaffirming 2026 revenue guidance of approximately $10 million Finished the quarter with $139.3 million in cash and investments while reaffirming a 2026 year-end cash and investments balance of approximately $100 million Executive Commentary

"The first quarter delivered tangible progress against the deployment-and-commercialization plan we outlined for 2026, including completion of UL non-recurring testing on the KARNO Power Module, a new data center partnership with VFG Holdings, demonstrated multi-fuel flexibility, and four times the revenue of the prior quarter," said Thomas Healy, Founder and CEO of Hyliion. "Our focus for the balance of the year remains on execution as we work toward commercialization of the KARNO Power Module by year end."

Product Performance and Readiness

Hyliion successfully completed the non-recurring UL certification testing of the KARNO Power Module, removing a key gating item for delivering early adopter units to customer sites. The testing covered three subsystems: the linear electric motor, the battery system, and the complete Power Module, with each undergoing separate UL certification. Individual KARNO Power Modules will still undergo a final operating test prior to receiving their nameplate certification, but the underlying non-recurring tests do not need to be repeated. Later in the year, the company expects to advance to facility-level certification, which will eliminate the need for individual unit sign-off and support production at scale.

Hyliion continues to operate KARNO units at its Cincinnati facility and is advancing toward the full 200-kilowatt design power rating. During the quarter, the team conducted isolated testing of new software and component improvements that yielded additional power and efficiency gains. Hyliion plans to incorporate these and other advancements into the product over the coming quarters and remains on track to reach the full design power rating by year end.

Fuel flexibility remains a key differentiator of the KARNO platform. During the first quarter, Hyliion demonstrated dynamic, in-operation fuel switching across diesel, natural gas, and hydrogen on a single KARNO reactor without shutting the system down. This capability is particularly relevant for applications that require on-site fuel resiliency, such as data centers operating primarily on pipeline natural gas with diesel as backup, and defense operations where fuel availability shifts in the moment.

KARNO Commercial Updates

Hyliion remains on track to complete deployment of the approximately 10 early adopter units during 2026 and commercialize the KARNO Power Module by year end. With UL non-recurring testing now complete, Hyliion will begin transitioning units to customer sites over the next couple of quarters.

Hyliion and VFG Holdings, LLC entered into a non-binding Letter of Intent (“LOI”) establishing a strategic partnership focused on deploying KARNO Power Modules for advanced next-generation data center applications. The parties intend to pursue deployment opportunities totaling up to 250 KARNO Cores, or 50 megawatts of power generation capacity, over the next five years. VFG develops turnkey data center solutions, including power infrastructure, compute systems, site development, and financing. The parties expect to provide additional updates regarding the collaboration and initial deployment opportunities in future periods.

Hyliion has commenced the build of an 800-kilowatt KARNO Power Module for installation on an unmanned U.S. Navy vessel under existing Office of Naval Research contracts, with completion expected in 2026. The 800-kilowatt architecture also serves as the foundational building block for the company's data center offering, scalable to 2.4 and 3.2 megawatts to match the modular power requirements of data center customers.

Hyliion is now engaged with multiple branches of the U.S. military beyond the Navy and Air Force, driven by interest in the platform's true fuel-agnostic operation, low maintenance, and low acoustic and thermal signature, which suit autonomous operations and mobile power generation. The company expects to sign $40 to $50 million in additional military contracts during 2026, on top of the approximately $20 million in ONR contracts currently being executed, subject to customary government contracting processes.

Customer interest in the KARNO platform continues to grow. As of quarter end, Hyliion had executed non-binding letters of intent for nearly 750 KARNO Cores across data center, military, prime power, and other applications, representing more than $400 million of potential revenue at current pricing.

Financial Highlights and Guidance

Hyliion recorded first-quarter 2026 revenue of $2.8 million from research and development services, compared to $0.5 million in the first quarter of 2025 and $0.7 million in the fourth quarter of 2025. The significant growth reflects an acceleration of work under the company's contracts with the Office of Naval Research, including the build of the 800-kilowatt KARNO Power Module being delivered for the Navy. Cost of revenues was $2.6 million, resulting in a gross margin gain of $0.2 million for the quarter.

Operating expenses for the first quarter were $13.4 million, compared to $19.7 million in the first quarter of 2025, primarily reflecting lower research and development spending. R&D expense was $7.7 million, down 37% from $12.2 million in the first quarter of 2025. The reduction reflects a shift of activity into revenue-generating work for the Navy as well as approximately $1.9 million related to the production and capitalization of inventory that the company expects to utilize in future periods for building KARNO systems for the Navy. The Powertrain Exit and Termination line reflected a credit of $0.4 million during the quarter compared to expenses of $1.4 million in the first quarter of 2025, primarily reflecting ongoing asset sales related to the former powertrain business that are largely complete. SG&A expenses were relatively flat year over year.

Hyliion reported a first-quarter 2026 net loss of $11.7 million, a 32% improvement from the net loss of $17.3 million reported in the first quarter of 2025. Total cash expenditures were $13.0 million during the quarter, including capital spending of $1.9 million related primarily to additive printing machines and facility investments to support printer operations. Cash generated from asset sales was $1.6 million. Hyliion ended the first quarter with $139.3 million in cash and short and long-term investments.

Looking ahead to the balance of 2026, Hyliion is reaffirming its prior guidance of approximately $10 million in full-year revenue from R&D services and potential initial commercial customer sales following commercialization of the 200-kilowatt KARNO Power Module, which is expected late in the year. The company expects total cash use during the year to be approximately $50 million, resulting in a year-end 2026 cash and investments balance of approximately $100 million. The reduced cash use forecast compared to 2025 reflects higher revenue, expense control, lower capital spending, and approximately $10 million of planned equipment financing. The company continues to believe its current capital position is sufficient to fund operations through commercialization of the KARNO Power Module.

About Hyliion

Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide modular power plants that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with locally deployable KARNO Power Module that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The KARNO Power Module is a fuel-agnostic solution, enabled by additive manufacturing, that leverages a linear heat generator architecture. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage company with a history of losses, and our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business; our ability to comply with governmental regulations related to defense spending and procurement; the suitability of our products for defense applications; and the other risks and uncertainties described under the heading “Risk Factors” in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 25, 2026 for the year ended December 31, 2025 and in our subsequently filed Forms 10-Q. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

HYLIION HOLDINGS CORP.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollar amounts in thousands, except share and per share data)

  Three Months Ended March 31,

2026

2025

Revenues

Research and development services

$

2,832

$

489

Total revenues

2,832

489

Cost of revenues

Research and development services

2,622

477

Total cost of revenues

2,622

477

Gross profit

210

12

Operating expenses

Research and development

7,670

12,230

Selling, general and administrative

6,181

6,081

Exit and termination (benefits) costs

(414

)

1,423

Total operating expenses

13,437

19,734

Loss from operations

(13,227

)

(19,722

)

Interest income

1,490

2,468

Net loss

$

(11,737

)

$

(17,254

)

Net loss per share, basic and diluted

$

(0.07

)

$

(0.10

)

Weighted-average shares outstanding, basic and diluted

177,668,678

174,344,218

HYLIION HOLDINGS CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollar amounts in thousands, except share data)

  March 31,
2026

December 31,
2025

(Unaudited)

Assets

Current assets

Cash and cash equivalents

$

20,262

$

22,938

Accounts receivable, net

3,026

489

Inventory

1,919

—

Prepaid expenses and other current assets

4,031

4,597

Short-term investments

52,208

69,427

Assets held for sale

—

1,181

Total current assets

81,446

98,632

Property and equipment, net

38,494

40,461

Operating lease right-of-use assets

2,963

3,468

Other assets

990

1,004

Long-term investments

66,858

59,994

Total assets

$

190,751

$

203,559

Liabilities and stockholders’ equity

Current liabilities

Accounts payable

$

901

$

3,142

Current portion of operating lease liabilities

2,804

2,726

Accrued expenses and other current liabilities

4,369

3,995

Total current liabilities

8,074

9,863

Operating lease liabilities, net of current portion

912

1,646

Other liabilities

41

41

Total liabilities

9,027

11,550

Stockholders’ equity

Common stock, $0.0001 par value; 250,000,000 shares authorized; 188,927,224 and 187,878,790 shares issued at March 31, 2026 and December 31, 2025, respectively; 178,317,154 and 177,268,720 shares outstanding as of March 31, 2026 and December 31, 2025, respectively

19

19

Additional paid-in capital

414,574

413,122

Treasury stock, at cost

(14,132

)

(14,132

)

Accumulated deficit

(218,737

)

(207,000

)

Total stockholders’ equity

181,724

192,009

Total liabilities and stockholders’ equity

$

190,751

$

203,559

HYLIION HOLDINGS CORP.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollar amounts in thousands)

  Three Months Ended March 31,

2026

2025

Cash flows from operating activities

Net loss

$

(11,737

)

$

(17,254

)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

2,109

1,142

Amortization and accretion of investments, net

(247

)

(575

)

Noncash lease expense

505

525

Gain on disposal of assets, including assets held for sale

(414

)

(279

)

Share-based compensation

1,452

1,295

Carrying value adjustment to assets held for sale

—

1,590

Changes in operating assets and liabilities:

Accounts receivable

(2,537

)

(5

)

Inventory

(1,919

)

—

Prepaid expenses and other assets

856

1,626

Accounts payable

(389

)

(54

)

Accrued expenses and other liabilities

251

(1,430

)

Operating lease liabilities

(656

)

(585

)

Net cash used in operating activities

(12,726

)

(14,004

)

Cash flows from investing activities

Purchase of property and equipment

(1,874

)

(7,334

)

Proceeds from sale of property and equipment

1,598

219

Receipt of security deposit

—

41

Purchase of investments

(15,174

)

—

Proceeds from sale and maturity of investments

25,500

24,627

Net cash provided by investing activities

10,050

17,553

Cash flows from financing activities

Taxes paid related to net share settlement of equity awards

—

(444

)

Net cash used in financing activities

—

(444

)

Net (decrease) increase in cash and cash equivalents and restricted cash

(2,676

)

3,105

Cash and cash equivalents and restricted cash, beginning of period

23,603

9,892

Cash and cash equivalents and restricted cash, end of period

$

20,927

$

12,997

More News From Hyliion Holdings Corp.

Hyliion Holdings Corp. (HYLN) Q1 2026 Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN) (“Hyliion”), a developer of modular power generation technology, today announced that its KARNO Power Module has been named the 2026 Most Valuable Product (MVP) in Consulting-Specifying Engineer’s annual Product of the Year program. The KARNO technology received the highest overall vote total across all six award categories, ahead of new offerings from some of the industry’s most established power generation, electrical, and building systems manufacturers.

The award comes as electricity demand continues to rise across AI-driven data centers, defense applications, industrial expansion, and other critical power markets. Customers increasingly require onsite generation that can be rapidly deployed, operate reliably, offer compelling economics, and meet growing environmental performance expectations.

“Being chosen as the top new product of 2026 across every category, and against entries from some of the most established names in power generation, is an extraordinary validation of the KARNO Power Module,” said Thomas Healy, Founder and Chief Executive Officer of Hyliion. “The CSE community understands the real-world demands of power generation, from lifecycle economics and reliability to permitting and emissions. Their decision to rank our solution ahead of products from companies that have defined this industry for decades reinforces our belief that the market is ready for a new approach to onsite power generation.”

Hyliion is deploying early units in data center, defense, and prime power applications ahead of broader commercial availability in 2027. The Company has received confirmation from the Environmental Protection Agency (EPA) supporting KARNO deployment across all 50 states and successfully completed all non-recurring UL certification testing. In addition, the U.S. Navy’s Office of Naval Research (ONR), in partnership with the Defense Advanced Research Projects Agency (DARPA), has selected the USX-1 Defiant as a candidate test vessel for evaluating Hyliion’s KARNO technology in unmanned autonomous surface vessel applications.

The KARNO Power Module is a fuel-flexible linear generator designed to provide onsite prime power while reducing reliance on the electric grid. It is offered in both a 200kW configuration and a larger multi-megawatt system footprint, each of which is designed to be coupled together to support increasing power demands. Enabled by advanced additive manufacturing, the system is engineered to deliver efficient, low-emissions power generation with reduced maintenance complexity. The KARNO Power Module is designed to operate on more than 20 fuel sources, including natural gas, diesel, propane, hydrogen, and JP8. In addition, the KARNO Power Module’s native 800VDC output aligns with emerging architectures in next-generation AI data centers.

Consulting-Specifying Engineer’s Product of the Year program is one of the longest-running reader-choice awards in the professional engineering industry, recognizing products across six categories spanning mechanical, electrical, plumbing, fire/life safety, lighting, and non-residential building systems. Products are evaluated based on technological innovation, service to the industry, and market impact, criteria that align closely with the KARNO Power Module’s goal of rethinking distributed power generation.

About Hyliion

Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide modular power plant technology that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable KARNO Power Module that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine vessels. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage Company with a history of losses; our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business, and the other risks and uncertainties described under the heading “Risk Factors” in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 25, 2026 for the year ended December 31, 2025 and subsequently filed Form 10-Qs. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

More News From Hyliion Holdings Corp.

It's been a while since an analyst has held Hyliion Holdings (HYLN 1.13%) shares in such high regard. With an analyst initiating coverage and taking a bullish stance on the manufacturer of module power systems, investors are clearly enthusiastic about the prospect of adding Hyliion stock to their portfolios.

As of 12:26 p.m. ET, Hyliion's shares are up 7%, after retreating from an earlier 15.1% rise.

Image source: Getty Images.

Potential to power even higher Setting a $9 price target, Needham analyst Sean Milligan initiated coverage of Hyliion stock with a buy rating this morning. The last time an analyst set such a high price target was in November 2021, when a Cantor Fitzgerald analyst set a $12 price target for the stock.

Today's Change

(

-1.13

%) $

-0.09

Current Price

$

7.42

Based on Hyliion's closing price of $6.34 yesterday, Milligan's price target implies upside of 42%.

According to Thefly.com, Milligan based his outlook on confidence that the company will begin commercialization of its Karno power module in the next 12 months and that it will become a "disruptor within bring-your-own power end markets."

The Karno power module has various applications, including data centers. In Q1 2026, the company announced it signed a letter of intent with a data center developer to supply 250 Karno Cores over five years.

Is now the time to click the buy button on Hyliion? While one analyst has higher hopes for Hyliion's stock, investors would be well-advised to take the industrial stock's price target with a grain of salt. A better approach is to focus on the company's progress in commercializing its Karno power module. Should the company succeed in bringing the power module to market, it will be an auspicious sign -- one worth investors getting charged up about, as it suggests the company can gain market share in the data center market.

Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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.

On May 08, 2026, we delve into the DCF analysis for U.S. Bancorp USB , a company that has shown a price performance of +36.8% over the past year, despite a slight decline of -1.8% in the last week. The current price stands at $55.31, with a market capitalization of $85.86 billion.

DCF Earnings-based intrinsic value: $49.97 vs price $55.31 (margin of safety: -0.5%) DCF FCF-based intrinsic value: $65.14 vs price $55.31 (second opinion: modestly undervalued) GF Score™: 80/100, indicating a reliable DCF input What Is USB Worth? DCF Earnings-Based Model The DCF earnings-based model for U.S. Bancorp incorporates a two-stage growth approach. In the first stage, we project earnings growth over the next 10 years at a rate of 3.5%. This growth is then discounted at a rate of 11%, which reflects the risk-free rate and equity risk premium. In the second stage, we apply a terminal growth rate of 4% for years 11-20, also discounted at 11%. This structured approach allows us to estimate the intrinsic value of the stock based on its expected future earnings.

Parameter Value Current EPS (TTM, excl. non-recurring) $4.77 10-Year Growth Rate 3.5% 10-Year Treasury Rate 4.33% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the first stage, the growth phase (Years 1-10) results in a value of $33.12 per share, while the terminal phase (Years 11-20) yields a value of $16.85 per share. The combined intrinsic value from both stages amounts to:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 3.5%, discounted at 11% $33.12 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $16.85 Intrinsic Value Growth + Terminal $49.97 With the current price at $55.31, the intrinsic value of $49.97 indicates that U.S. Bancorp is fairly valued, with a margin of safety of -0.5%. It is important to note that GuruFocus utilizes EPS excluding non-recurring items, as research indicates that stock prices correlate more closely with earnings than with free cash flow. For further calculations, you can visit the USB DCF Calculator.

What Does the Free Cash Flow DCF Say? The free cash flow (FCF)-based intrinsic value for U.S. Bancorp is calculated at $65.14. When compared with the earnings-based intrinsic value of $49.97, the FCF model suggests that the stock is modestly undervalued, presenting a margin of safety of 15.1%. This divergence between the two models highlights the importance of considering multiple valuation perspectives when assessing a stock's worth.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for U.S. Bancorp is calculated at $46.59, indicating that the stock is 18.7% overvalued according to this proprietary measure. GF Value™ is derived from historical trading multiples, past business growth, and future performance estimates. When analyzing all three valuation models, we see a consensus that suggests a fair valuation based on the DCF earnings model, modest undervaluation according to the FCF model, and overvaluation from the GF Value™ perspective. For more insights, visit the GF Value™ page.

What Does USB's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. A higher GF Score™ indicates a greater likelihood of generating higher long-term returns, as evidenced by backtesting from 2006 to 2021.

Metric Rating GF Score™ 80/100 Financial Strength 4/10 Profitability 6/10 Growth 7/10 Valuation 6/10 Momentum 10/10 With a predictability rank of 1/5 stars, it is essential to note that higher predictability ratings enhance the reliability of the DCF model for this stock. For more information, visit the USB stock page.

Key Assumptions and Limitations It is important to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as U.S. Bancorp's 1/5 stars, tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not fully capture the company's long-term growth potential.

What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—we find that U.S. Bancorp is fairly valued according to the DCF earnings model, modestly undervalued based on the FCF model, and overvalued according to the GF Value™ perspective. This mixed consensus suggests a cautious approach for investors. For the full DCF analysis, visit the USB DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

Frequently Asked Questions What is USB's intrinsic value based on DCF?

earnings-based $55.05, FCF-based $65.14

Is USB overvalued or undervalued?

Based on the DCF earnings model, USB is fairly valued, while the FCF model indicates modest undervaluation. The GF Value™ suggests it is overvalued.

How reliable is the DCF model for USB?

With a predictability rank of 1/5, the DCF model is less reliable for USB compared to stocks with higher predictability ratings.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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Expanded offering latest step in bank’s initiative to serve healthcare practices nationwide

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank is expanding its healthcare business banking offerings with a new startup loan product for dentists and veterinarians, giving clinicians a new option to build independent practices and serve patients in their communities.

“We are excited to bring this new opportunity to dentists and veterinarians who want to pursue their dream of building and operating their own practices,” said Joe Persichetti, head of healthcare business banking at U.S. Bank.

Share The bank has previously offered loans for the acquisition of existing practices or for startup practices launched by existing owners. The new product extends that support to dentists and veterinarians launching first-time practices, broadening the choices available to healthcare professionals at a critical stage of their careers.

“We are excited to bring this new opportunity to dentists and veterinarians who want to pursue their dream of building and operating their own practices,” said Joe Persichetti, head of healthcare business banking at U.S. Bank. “Our bankers live and work in the same communities as the dentists and veterinarians they serve, and they are there for them every step of the way as they build and grow their practices.”

The new loan product, which launched early this year, will provide conventional lending opportunities to dental and veterinarian healthcare startups that meet industry experience, production capability, and credit parameters.

The bank launched its healthcare business banking group in 2023, offering a holistic suite of banking, payments and wealth management solutions to dental, veterinary and medical practices with up to $50 million in annual revenue. The bank has hired more than 100 bankers and staff members who provide personalized service in all 50 states.

“Our goal is to be the destination for doctors,” Persichetti said. “We want to make banking easy for them so they can focus on what’s most important – their patients.”

U.S. Bank has served the healthcare industry for most of its more than 160-year history. The bank provides a broad range of banking and payment services to healthcare organizations, including hospital systems, insurers, medical equipment manufacturers and medical, dental, and veterinary practices. In 2024, U.S. Bank acquired Salucro Healthcare Solutions LLC, which developed the technology powering the bank’s MedEpay platform for healthcare payments.

Disclosure: Credit products offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Some restrictions and fees may apply.

About U.S. Bancorp

Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients throughout the U.S., Canada and Europe, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 105th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities.

More News From U.S. Bancorp

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On May 13, 2026, U.S. Bancorp USB shares fell 3.2% to a current price of $52.74. The stock has experienced a decline of 6.1% over the past week and 6.7% over the past month. Over the last year, however, USB shares have appreciated by 23.9%, reflecting a more positive long-term trend amid the current volatility. The stock's 52-week range has been between $42.21 and $61.19.

GF Value™ verdict: Current price of $52.74 compared to GF Value™ of $47.08 indicates the stock is 12.0% overvalued.GF Score™ of 81/100 signifies a strong ranking, suggesting potential for higher long-term returns.Most notable signal: Insider activity shows that insiders sold $4.2M in shares over the last three months, with no buying activity reported. Is USB Overvalued or Undervalued? The current price of U.S. Bancorp USB at $52.74 is above the GF Value™ estimate of $47.08, indicating that the stock is overvalued by approximately 12.0%. This suggests that purchasing shares at the current price may not offer a sufficient margin of safety for potential investors. The GF Valuation designation classifies the stock as modestly overvalued, which indicates that while the company maintains certain strengths, the current price does not reflect an attractive entry point based on intrinsic value. Investors should be aware of the risks associated with buying overvalued stocks, as it may lead to losses if the price corrects closer to its intrinsic value.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

How Does USB's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 11.1x 11.6x (5-Year Median) Forward P/E 10.3x - The current P/E (TTM) of 11.1x is 4% below its 5-year median P/E of 11.6x, suggesting that the stock is trading slightly below its historical valuation levels. However, when considering the forward P/E of 10.3x, it indicates a more attractive valuation compared to the trailing earnings. This P/E analysis somewhat aligns with the GF Value™ verdict, as it shows that while the stock is slightly undervalued based on historical metrics, the overall assessment still reflects a modest overvaluation when compared to the calculated intrinsic value.

What Does USB's GF Score™ Tell Us? Metric Rating GF Score™ 81/100 Financial Strength 4/10 Profitability 6/10 Growth 7/10 Valuation 6/10 Momentum 10/10 The GF Score™ of 81/100 indicates a strong stock ranking, suggesting that U.S. Bancorp shows potential for generating higher long-term returns. The strongest area revealed in the score is the momentum rank of 10/10, indicating robust recent performance. However, the financial strength score of 4/10 highlights a weaker area, suggesting that while the stock has shown growth and profitability, its financial health may not be as robust as some investors would prefer. Balancing these scores provides a comprehensive view of USB's overall performance and potential.

What Are Insiders Doing with USB Stock? Recent insider activity at U.S. Bancorp shows that insiders have sold $4.2 million in shares over the last three months, with no reported buying activity. This trend of selling could suggest a lack of confidence or a strategic decision to capitalize on the stock's recent appreciation. Insider selling can sometimes be viewed as a negative signal, particularly when it is not accompanied by buying, which may raise concerns among potential investors regarding future performance.

What This Means for Investors Based on the GF Value™ assessment, U.S. Bancorp USB is currently considered overvalued. With a current price of $52.74 compared to a GF Value™ estimate of $47.08, potential investors may want to approach the stock with caution, as it does not present an attractive margin of safety at this time.

For the complete analysis, visit the U.S. Bancorp USB stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is USB's GF Score™?

USB's GF Score™ is 81/100, indicating a strong ranking that suggests potential for higher long-term returns based on various key aspects of the company's performance.

Is USB overvalued or undervalued?

USB is currently overvalued, with a GF Value™ of $47.08 compared to its current price of $52.74, reflecting a 12.0% overvaluation.

What is USB's P/E ratio?

The P/E ratio (TTM) for USB is 11.1x, which is 4% below its 5-year median of 11.6x, indicating that the stock is trading slightly below its historical valuation metrics.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

, /PRNewswire/ -- VIA Labs, Inc. (VLI), a leading supplier of USB4, DisplayPort, SuperSpeed USB, and USB Power Delivery Controllers, today announced the launch of its first MST Hub VL610 at Computex 2026. Following the market success of the VL605 USB-C to HDMI 2.1 signal converter, VL610 is a new-generation chipset designed to address the growing demand for multi-display expansion. Supporting up to three high-resolution displays simultaneously, it sets a new benchmark for USB-C docking solutions. Attendees can learn more about VLI's products during Computex 2026 at Booth N0614 in Hall 1, Taipei Nangang Exhibition Center.

The VIA Labs VL610 is a highly integrated DP 2.1 HBR3 Multi-Stream Transport (MST) hub designed for USB-C docking stations and high-end video adapter applications. Compared to its predecessor VL605, which supports a single HDMI 2.1 output, VL610 significantly enhances display performance. VL610 series includes two SKUs: VL610 supports three video outputs, while VL610D supports two video outputs, addressing different docking design needs. Its flexible architecture includes one fixed HDMI 2.1 FRL transmitter, one configurable port supporting DP++ or HDMI 2.1 FRL, and a third configurable port supporting DP++ or HDMI TMDS (VL610 only).

VL610 supports a single display up to 8K60Hz or 4K240Hz, and up to three displays at 4K60Hz or QHD144Hz. It also enables up to six independent audio and video streams, with a single DP output supporting up to four MST streams. Full support for color formats and audio ensures a high-quality multimedia experience.

In terms of advanced display technologies, VL610 integrates a DSC 1.2a decoder, supporting decompression to HDMI output or direct pass-through to compatible displays. It also supports cross-platform Variable Refresh Rate (VRR), delivering smooth visuals for high-end gaming and professional imaging applications. VL610 also integrates ECDSA-256 asymmetric authentication, enabling secure firmware updates and protection against malicious firmware attacks.

VL610 also features a unique Logo Bitmap display capability with event-triggered graphics. It can display brand logos, warning messages, or guidance screens in scenarios such as host disconnection, USB-C port anomalies, or link errors, helping users quickly identify and resolve issues. This feature enables brands to proactively communicate with users during idle or fault conditions, enhancing both brand visibility and user experience.

"VL610 represents a key milestone in VLI's multi-display signal conversion technology. Evolving from the single HDMI 2.1 output of VL605 to the triple-stream architecture of VL610, we have translated customer needs into product innovation. VL610 is positioned to become the core chipset for next-generation high-end USB-C docking stations, further strengthening VLI's leadership in USB-C display interface solutions.", said Wayne Chang, Director of PM at VIA Labs.

SOURCE VIA Labs, Inc.

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Provides Updated Schedule for 2027 Earnings Conference Calls.

BTIG’s capabilities – including institutional equity sales and trading, equity capital markets, equity electronic trading, and M&A advisory – further strengthen the company’s capital markets platform

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB) announced today that it has completed its acquisition of BTIG, LLC, effective June 1, 2026.

“Today, we welcome the talented BTIG team to U.S. Bancorp,” said Gunjan Kedia, chairman of the board and chief executive officer at U.S. Bancorp. “Our teams are energized to get started and begin working together, combining deep market expertise with the strength of our broader franchise to create more opportunities for the firms and institutions we serve.”

“We have been looking forward to this moment,” said Stephen Philipson, vice chair and head of Wealth, Corporate, Commercial and Institutional Banking at U.S. Bancorp. “BTIG adds highly complementary capabilities to our capital markets platform, strengthening our ability to serve corporate and institutional clients. Together, we are better positioned to meet a broader range of client needs and build on our strong capital markets momentum.”

Founded in 2005, BTIG specializes in investment banking, institutional sales and trading, research and prime brokerage. The business ranks among the top 10 U.S. brokers for high-touch equity volume and has participated in more than 1,350 announced investment banking transactions since 2015.

“Joining U.S. Bancorp marks an important next chapter for BTIG and our clients,” said Anton LeRoy, chief executive officer of BTIG. “We share a strong cultural alignment and long history of collaboration. This combination allows us to deepen client relationships while continuing to deliver the high-touch service our clients expect, supported by the scale and resources of a larger, diversified financial institution.”

LeRoy – a key architect of BTIG’s expansion since joining the firm in 2008 – will remain CEO of BTIG, reporting to Philipson. BTIG co-founder and Executive Chairman Steven Starker will report to LeRoy and continue his current day-to-day role of engaging and interacting with BTIG’s largest institutional and corporate clients and driving business development across all departments.

BTIG will continue to operate as a separate broker-dealer within U.S. Bancorp.

To learn more about U.S. Bancorp’s acquisition of BTIG, read the original announcement from January 13, 2026.

Forward-Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements and are based on the information available to, and assumptions and estimates made by, management as of the date hereof. These forward-looking statements cover, among other things, any projections or expectations regarding U.S. Bancorp’s acquisition of BTIG, LLC and its affiliates (collectively, “BTIG”) described herein, U.S. Bancorp’s future revenues, expenses, earnings, capital expenditures, deposits or stock price, as well as the assumptions on which such expectations are based. Forward-looking statements often use words such as “anticipates,” “targets,” “expects,” “hopes,” “estimates,” “projects,” “forecasts,” “intends,” “plans,” “goals,” “believes,” “continue” and other similar expressions or future or conditional verbs such as “will,” “may,” “might,” “should,” “would” and “could.”

Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those set forth in forward-looking statements, including the following risks and uncertainties: (1) the risk that the cost savings, any revenue synergies and other anticipated benefits of the acquisition may not be realized or may take longer than anticipated to be realized, (2) the possibility that the acquisition, including the integration of BTIG, may be more costly or difficult to complete than anticipated, (3) the dilution caused by U.S. Bancorp’s issuance of additional shares of its capital stock in connection with the acquisition, and (4) other factors that may affect future results of U.S. Bancorp, including changes in asset quality and credit risk, the inability to sustain revenue and earnings growth, changes in interest rates and capital markets, inflation, customer borrowing, repayment, investment and deposit practices, the impact, extent and timing of technological changes, capital management activities, litigation, and legislative and regulatory actions and reforms.

For discussion of these and other risks and uncertainties that could cause actual results to differ materially from those set forth in forward-looking statements, see the section entitled “Risk Factors” of U.S. Bancorp’s Form 10-K for the year ended December 31, 2025, and subsequent filings with the Securities and Exchange Commission. In addition, factors other than these risks also could adversely affect U.S. Bancorp’s results, and the reader should not consider these risks to be a complete set of all potential risks or uncertainties. Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date hereof, and U.S. Bancorp undertakes no obligation to update them in light of new information or future events.

About U.S. Bancorp

Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients throughout the U.S., Canada and Europe, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 105th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities.

More News From U.S. Bancorp

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.

Headquartered in Minneapolis, U.S. Bancorp (USB - Free Report) is a Finance stock that has seen a price change of 2.79% so far this year. The company is currently shelling out a dividend of $0.52 per share, with a dividend yield of 3.79%. This compares to the Banks - Major Regional industry's yield of 2.86% and the S&P 500's yield of 1.42%.

Looking at dividend growth, the company's current annualized dividend of $2.08 is up 2% from last year. Over the last 5 years, U.S. Bancorp has increased its dividend 4 times on a year-over-year basis for an average annual increase of 4.01%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. U.S. Bancorp's current payout ratio is 44%, meaning it paid out 44% of its trailing 12-month EPS as dividend.

Looking at this fiscal year, USB expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $5.09 per share, which represents a year-over-year growth rate of 10.17%.

From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, USB is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).

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MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB) announced today that Chairman and CEO Gunjan Kedia and Vice Chair and Chief Financial Officer John Stern will participate in the Morgan Stanley U.S. Financials Conference.

The fireside chat will begin at 9:45 a.m. ET on Wednesday, June 10 in New York.

A live audio webcast will be available on the day of the conference, at the “Webcasts and Presentations” section of the U.S. Bank Investor Relations website. A replay will be made available on the same site following the event.

About U.S. Bancorp

Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients throughout the U.S., Canada and Europe, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 105th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities.

More News From U.S. Bancorp

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U.S. Bancorp (USB) Presents at Morgan Stanley US Financials Conference 2026 Transcript

Kylie Kelce Partners with Pull-Ups® to help Tackle the Highs, Lows and "Uh-Oh" Moments of Potty Training

, /PRNewswire/ -- Pull-Ups®, a trusted brand and leader in potty training for nearly four decades, is proud to introduce Learning Layer™ technology, a new innovation designed to support one of parenting's most unpredictable milestones.

PULL-UPS® DEBUTS LEARNING LAYER™ TECHNOLOGY, A NEW INNOVATION TO HELP KIDS LEARN THE DIFFERENCE BETWEEN WET AND DRY

PULL-UPS® DEBUTS LEARNING LAYER™ TECHNOLOGY, A NEW INNOVATION TO HELP KIDS LEARN THE DIFFERENCE BETWEEN WET AND DRY Many potty training methods either help kids notice accidents, or contain mess, but not both – and occasionally neither. That's where the new Pull-Ups Learning Layer™ comes in. This innovation reimagines what a training pant can be by briefly feeling wet, before drying, helping toddlers notice the sensation of wetness while still remaining dermatologist-tested and safe for sensitive skin. When accidents happen, fluid is momentarily held in the Learning Layer, giving kids time to recognize that wet feeling before it's absorbed into the core – to help them learn wet from dry.

"The Pull-Ups Learning Layer is an important innovation in how we help toddlers learn one of the most essential early skills – potty training, while understanding the difference between feeling wet and dry," said Dan Jackson, North American Vice President of Pull-Ups. "By making that sensation more noticeable while still delivering the protection families rely on, we're helping turn everyday moments into meaningful learning experiences and build Big Kid® Confidence."

To help bring this innovation to life, Pull-Ups is partnering with Kylie Kelce, mom of four and host of the popular Wave Original series, Not Gonna Lie. Known for her honest, unfiltered take on parenting and drawing on her own potty training journeys, Kelce will help showcase the real, often messy moments families experience.

Kelce shared, "Potty training will humble you – fast. I've learned that every kid is different, but anything that helps them understand what's happening, and makes those moments a little less messy, is a win. Pull-Ups have always been part of my potty training routine, but Learning Layer™ is a total game changer this time around by helping my kid learn the difference of feeling wet from dry."

In addition to the new Learning Layer technology, Pull-Ups continues to deliver the training pant features families know and love. Pull-Ups® training pants remain the only national leading training pant brand with re-fastenable sides for easy changes. Designed to motivate little ones, they also feature beloved Disney© graphics that fade when wet, and helps protect from leaks so even the messy moments can become small wins worth celebrating.

As part of the Learning Layer launch, Pull-Ups is also expanding the role of its animated spokes characters, Terd and Yureen, two emotional sidekicks that help bring the realities of potty training to life. Terd, the more cautious of the pair, represents those "uh-oh" moments of doubt and hesitation, while Yureen embodies the confidence, optimism and encouragement that keeps families moving forward. Together, they reflect the full spectrum of the potty training journey, helping make the experience feel relatable, less intimidating and even a little more humorous, so parents can feel supported, understood and never judged along the way.

Pull-Ups with Learning Layer technology is available now at retailers nationwide, including Target, Walmart, Amazon and more. To learn more, visit Pull-Ups.com or follow us on social media.

About Kimberly-Clark
Kimberly-Clark (NASDAQ: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries and territories. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, Goodnites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. Our company's purpose is to deliver Better Care for a Better World. We are committed to using sustainable practices designed to support a healthy planet, build strong communities, and enable our business to thrive for decades to come. To keep up with the latest news and learn more about the company's more than 150-year history of innovation, visit the Kimberly-Clark website.

MEDIA CONTACTS
Alison Brod Marketing & Communications
[email protected]

PULL-UPS CONTACTS
Kimberly-Clark Media Relations
[email protected]

SOURCE Pull Ups

United Parcel Service (UPS - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this package delivery service have returned -6.1%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Transportation - Air Freight and Cargo industry, which UPS falls in, has lost 5.2%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

UPS is expected to post earnings of $1.67 per share for the current quarter, representing a year-over-year change of +7.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +6.5%.

The consensus earnings estimate of $7.1 for the current fiscal year indicates a year-over-year change of -0.8%. This estimate has changed +0.4% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $7.9 indicates a change of +11.2% from what UPS is expected to report a year ago. Over the past month, the estimate has changed +0.4%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for UPS.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of UPS, the consensus sales estimate of $21.51 billion for the current quarter points to a year-over-year change of +1.3%. The $89.78 billion and $93.42 billion estimates for the current and next fiscal years indicate changes of +1.3% and +4.1%, respectively.

Last Reported Results and Surprise HistoryUPS reported revenues of $21.2 billion in the last reported quarter, representing a year-over-year change of -1.6%. EPS of $1.07 for the same period compares with $1.49 a year ago.

Compared to the Zacks Consensus Estimate of $21.03 billion, the reported revenues represent a surprise of +0.82%. The EPS surprise was +2.88%.

Over the last four quarters, UPS surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

UPS is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about UPS. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

It has been about a month since the last earnings report for United Parcel Service (UPS - Free Report) . Shares have lost about 2% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is UPS due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for United Parcel Service, Inc. before we dive into how investors and analysts have reacted as of late.

Earnings Beat at UPS in Q1Quarterly earnings per share (excluding 5 cents from non-recurring items) of $1.07 beat the Zacks Consensus Estimate of $1.04 but declined 28.2% year over year. Revenues of $21.2 billion surpassed the Zacks Consensus Estimate of $21 billion but decreased 1.6% year over year.

U.S. Domestic Package revenues of $14.1 billion (above our estimate of $13.8 billion) decreased 2.3% year over year, owing to an expected decline in volume. Revenue per piece grew 8.3% year over year. Segmental operating profit (adjusted) fell 44.1% year over year to $565 million. The adjusted operating margin for the segment was 4%.

Revenues in the International Package division totaled $4.54 billion (above our estimate of $4.38 billion), which increased 3.8% year over year, owing to a 10.7% increase in revenue per piece. Segmental operating profit (adjusted) totaled $551 million, down 15.7% year over year. The adjusted operating margin for the segment was 12.1%.

Supply Chain Solutions’ revenues of $2.53 billion (below our estimate of $2.81 billion) decreased 6.5% year over year, owing to a decline in volume in the Mail Innovations business. Operating profit (on an adjusted basis) rose more than 100% year over year to $206 million. The adjusted operating margin for the segment was 8.1%.

The overall adjusted operating margin was 6.2%.

UPS’ 2026 Outlook ReaffirmedManagement has reinstated full-year 2026 sales guidance, projecting revenues of approximately $89.7 billion, above the 2025 reported figure of $88.7 billion.

Adjusted operating margin is still expected to be around 9.6%. Capital expenditures are estimated to be around $3 billion, with dividend payments expected to be around $5.4 billion (subject to board approval). The effective tax rate is expected to be around 23%.

How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.

The consensus estimate has shifted 5.61% due to these changes.

VGM ScoresAt this time, UPS has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the top 40% for value investors.

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.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, UPS has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.