Q1 2025 Goodyear Tire & Rubber Co Earnings Call Transcript

May 8, 2025 / 12:30 PM GMT

Release Date Price: $10.94 (-0.64%)

Transcript 10-Q8-K

Key Points

Positve

Goodyear Tire & Rubber Co (GT) achieved a $200 million benefit from the Goodyear Forward Workstream, marking the highest quarterly benefit since the program's inception.
The company gained market share in the profitable 18-inch and greater rim size segment, outperforming industry members.
Goodyear Tire & Rubber Co (GT) successfully launched new products, including the Goodyear Eagle F1 asymmetric 6, expanding its ultra-high-performance summer tire lineup.
The company completed significant asset sales, including the OTR business and Dunlop, contributing to deleveraging goals.
Goodyear Tire & Rubber Co (GT) is well-positioned in the US market with a strong footprint and plans to increase capacity by 10 million premium tires through factory modernization.

Negative

First quarter sales declined by 6% year-over-year due to lower volume and unfavorable foreign currency translation.
Gross margin decreased by 70 basis points, and unit volume was down 5%, driven by declines in consumer replacement volume in Asia Pacific and Americas.
The company faces significant inflation and raw material cost challenges, with a $181 million increase in raw material costs.
Asia Pacific replacement volume declined due to strategic exits from less profitable markets, impacting overall volume.
The company anticipates a $300 million annualized cost impact from tariffs on imported raw materials and finished goods.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GT.OQ - Goodyear Tire & Rubber Co
Q1 2025 Goodyear Tire & Rubber Co Earnings Call
May 08, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. My name is Stephanie, and I'll be your conference operator today. At this time, I'd like to welcome everyone to Goodyear's first quarter 2025 earnings call.

All lines have been placed on mute to prevent any background noise.

After some opening remarks, there will be a question and answer session. You may register to ask a question at any time by pressing 1 on your telephone keypad.

You may withdraw yourself from the queue by pressing 2.

Please note this call may be recorded. It is now my pleasure to turn the conference over to Greg Shank, senior director, investor relations.

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