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GT / Goodyear Tire & Rubber Company: Activist Pressure Might Catalyze A Turnaround

Goodyear Tire & Rubber Company: Activist Pressure Might Catalyze A Turnaround
Tire manufacturer Goodyear has recently come under pressure from activist Elliot Investment Management. Elliott has acquired a 10% stake and is pushing for divestiture of the retail store network and margin improvements in the remaining business. Management changes and subsequent business turnaround might be likely given Goodyear's underperformance in recent years and the activist's solid track record. Read More
Posted: Jun 13 2023, 17:54
Author Name: Seeking Alpha
Views: 111423

GT News  

How U.S. soybeans influence global economics

By CNBC
October 12, 2023

How U.S. soybeans influence global economics

Soybeans add $124 billion to the U.S. economy, but the U.S. lost soy market dominance to Brazil in 2018 due to reliance on a single export custome: Ch more_horizontal

Goodyear says fire in Poland factory will chip away at EMEA sales

By Market Watch
September 28, 2023

Goodyear says fire in Poland factory will chip away at EMEA sales

Goodyear Tire & Rubber Co. GT, +0.25% said Thursday that a fire at a factory in Poland will impact its sales in Europe, the Middle East and Africa by more_horizontal

Goodyear Tire to cut 700 jobs, sell retail stores in Asia Pacific

By Reuters
September 22, 2023

Goodyear Tire to cut 700 jobs, sell retail stores in Asia Pacific

Goodyear Tire & Rubber said on Friday it plans to cut 700 jobs and sell about 100 retail stores and fleet locations, under a rationalization plan for more_horizontal

Goodyear stock ticks higher after company restructuring in Europe, Middle East and Africa

By Market Watch
September 8, 2023

Goodyear stock ticks higher after company restructuring in Europe, Middle East and Africa

Shares of Goodyear Tire & Rubber Co. GT, +0.08% rose 1.5% in the extended session Friday after the tire company said it has embarked on a “rationali more_horizontal

Goodyear (GT) Q2 Earnings & Revenues Miss Estimates, Fall Y/Y

By Zacks Investment Research
August 8, 2023

Goodyear (GT) Q2 Earnings & Revenues Miss Estimates, Fall Y/Y

Goodyear (GT) misses second-quarter 2023 earnings due to lower volume and the adverse impacts of foreign exchange. The company expects raw material co more_horizontal

Why Goodyear Tire Stock Fell Today

By The Motley Fool
August 3, 2023

Why Goodyear Tire Stock Fell Today

Goodyear fell to an unexpected loss in the quarter due to a range of macro and company-specific factors. The company should enjoy better year-over-yea more_horizontal

Goodyear (GT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

By Zacks Investment Research
August 2, 2023

Goodyear (GT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Goodyear (GT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considerin more_horizontal

Goodyear (GT) Reports Q2 Loss, Lags Revenue Estimates

By Zacks Investment Research
August 2, 2023

Goodyear (GT) Reports Q2 Loss, Lags Revenue Estimates

Goodyear (GT) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of $0.15. This compares to earnings of $0.46 per s more_horizontal


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