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Goodyear (GT) aims to optimize its portfolio, expand margins and reduce leverage to create significant value for its shareholders with the help of its Goodyear Forward plan.
The Goodyear Tire & Rubber Company (NASDAQ:GT) is 2.5% higher at $14.40 this morning following a bull note from Deutsche Bank.
Goodyear Tire & Rubber Co announced on Wednesday the pending retirement of its CEO and chairman as well as a new plan to increase profitability. Richard Kramer, who has work at Goodyear for 24 years, has informed the company's board of his plans to retire as chairman, CEO and president in 2024, after holding those positions for 14 years.
Goodyear Tire & Rubber Co said on Wednesday longtime CEO Richard Kramer has decided to retire next year and also unveiled initiatives to streamline its business, months after settling with activist investor Elliott.
Goodyear is exploring strategic alternatives for its chemical business, the Dunlop brand, and the off-the-road equipment tire business.
Goodyear Tire & Rubber Co.'s stock GT, +5.00% jumped 5.5% in premarket trade Wednesday, after the company unveiled a transformation plan that aims to raise more than $2 billion in proceeds from portfolio optimization and to generate cost cuts of $1.3 billion by the end of 2025. The company also said Chief Executive Richard J.
For full-year 2023, Goodyear (GT) expects capital expenditure of $1.05 billion, up from the previous guidance of $1 billion.
After impressive quarterly results, the affordable price tags of Goodyear (GT), TripAdvisor (TRIP), and Viper Energy Partners' (VNOM) stock are very intriguing.
While the top- and bottom-line numbers for Goodyear (GT) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shares of Goodyear Tire & Rubber Co. GT, -0.56% edged higher in the extended session Monday after the tire maker posted mixed third-quarter results but said raw-materials costs fell, helping its bottom line. Goodyear lost $89 million, or 31 cents a share, in the quarter, contrasting with earnings of $44 million, or 16 cents a share, in the year-ago period.