Q2 2026 Goodyear Tire & Rubber Co Earnings Call Transcript

Aug 6, 2026 / 12:30 PM GMT

Release Date Price: $6.76 (-2.59%)

Transcript 10-Q8-K

Key Points

Positve

Goodyear Tire & Rubber Co (GT) delivered second-quarter performance in line with expectations, with global tire volumes improving sequentially and channel destocking moderating.
Asia Pacific was a standout performer, achieving volume growth across consumer and commercial, OE and replacement, and delivering both revenue growth and margin expansion.
The company grew OE volumes and gained market share in all regions during the quarter, despite a weak consumer OE production backdrop.
The share of 18-inch and above rim sizes in consumer portfolios increased by 4 percentage points year-over-year, matching the fastest pace of expansion since the metric was first disclosed.
The closure of the Fayetteville facility is expected to reduce structural costs in the Americas by $90 million in 2027 and $270 million annually thereafter, improving the manufacturing footprint.
Goodyear Tire & Rubber Co (GT) successfully issued approximately $1 billion of senior notes to repay 2027 notes, extending its debt maturity profile and strengthening liquidity.
The company's retail business is performing better than it has in over two decades, and it continues to see strong traction with new product launches and brand recognition awards.

Negative

Second-quarter sales declined about 5% year-over-year, with unit volumes down 4%, driven by lower consumer replacement volume in the Americas and EMEA.
The Americas segment remained challenging, posting a segment operating loss of $10 million due to lower volume, tariff costs, and inflation.
The company reported a non-GAAP loss per share of $0.61 for the quarter, with an unusually high tax expense driven by the regional mix of earnings.
Free cash flow was a use of $69 million in the quarter, and the company expects fiscal 2026 to be a cash burn year of approximately $200 million to $300 million.
Tariffs were a headwind of $32 million in the quarter, and while expected to reduce to $10 million in Q3, they remain a full-year impact of about $50 million.
Raw material costs are expected to increase by approximately $20 million in Q3 due to higher commodity costs associated with the Middle East conflict, with a potential $200 million headwind in the second half.
The company expects higher unabsorbed fixed costs of $70 million in Q3, reflecting lower production during the second quarter, and continues to face elevated tax expenses.

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

GT.OQ - Goodyear Tire & Rubber Co
Q2 2026 Goodyear Tire & Rubber Co Earnings Call
Aug 06, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, my name is Brittany and I will be your conference operator today. At this time I would like to welcome everyone to Goodyear's second quarter 2026 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 star one on your telephone keypad.

You may withdraw yourself from the queue by pressing star two. Please note this call may be recorded. It is now my pleasure to turn the conference over to Ryan Reed, Vice President, Investor Relations.

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