Category: Goodyear conference 2021

Goodyear conference 2021

At Goodyear, innovation isn't just what we do-it's who we are. Learn about what drives us and where we're headed next. Kramer, chairman, chief executive officer and president. Our commercial business continues to outperform the industry, our consumer replacement business is strengthening, and we are beginning to see the benefits of our robust consumer OE pipeline.

The decline was driven by lower volume and unfavorable foreign currency translation. Tire unit volumes totaled Industry demand during the quarter was affected by the continued economic disruption resulting from the COVID pandemic. Per share amounts are diluted. These factors were partially offset by lower volume and the impact of reduced factory utilization.

Industry demand was affected by the economic disruption resulting from the COVID pandemic, particularly during the first half of The decrease was primarily due to lower volume, reduced factory utilization and lower earnings from other tire-related businesses. These factors were partially offset by the benefits of cost saving actions, including ongoing rationalization plans, and lower SAG, driven by reduced payroll and advertising expenses.

See the note at the end of this release for further explanation and reconciliation tables for Segment Operating Income Loss and Margin; Adjusted Net Income Loss ; and Adjusted Diluted Earnings Loss per Share, reflecting the impact of certain significant items on the and periods. These factors were partially offset by lower volume, the impact of reduced factory utilization earlier in the year and the establishment of an environmental remediation reserve.

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In addition to discontinued OE fitments in China, lower earnings reflected adverse results in other tire-related businesses, primarily aviation. These factors were partially offset by lower raw material costs. The company delivered strong cash flow during the fourth quarter, reflecting the benefit of working capital performance, a focus on managing costs and improved earnings.

As of Dec. Goodyear will hold an investor conference call at 9 a. EST today. Participating in the conference call will be Richard J. Kramer, chairman, chief executive officer and president; Darren R. Wells, executive vice president and chief financial officer; and Christina L. Zamarro, vice president, finance and treasurer. Investors, members of the media and other interested persons can access the conference call on the website or via telephone by calling either or before a.

The replay will also remain available on the website. It employs about 62, people and manufactures its products in 46 facilities in 21 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.At Goodyear, innovation isn't just what we do-it's who we are.

Learn about what drives us and where we're headed next. Join a live webcast or learn about upcoming presentations. Missed an event? Browse our archives to listen to or view past presentations.

Please make sure you've entered valid information for all required fields. Thanks for your interest in Goodyear. Your message has been forwarded to our experts. Our associates typically reply within 2 business days. First commodo cursus magna, vel scelerisque nisl consectetur. Third commodo cursus magna, vel scelerisque nisl consectetur. All Goodyear Sites. News Latest news releases News Alerts Sign up to receive the latest news and updates Media Contacts Corporate, international and business-specific resources Media Gallery Images, videos, company facts and FAQs Corporate Reports Corporate responsibility, financial reports, and governance documents.

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goodyear conference 2021

Sign Up for Job Alerts Please make sure you've entered valid information for all required fields. Note: All fields are required except cell phone.At Goodyear, innovation isn't just what we do-it's who we are. Learn about what drives us and where we're headed next.

Goodyear Ventures has added TuSimple, a global autonomous trucking technology company, to its growing investment portfolio. Goodyear and the U. Goodyear has combined a global licensing collaboration with a motorsport agreement to launch an exclusive watch collection with French luxury watch specialist B.

NYSE: R today announced that Goodyear will become the preferred supplier of tires, retreads and tire management solutions to its vast network of fleet customers across the United States and Canada beginning January 1, Wells, executive vice president and chief financial officer.

GOODYEAR REPORTS FOURTH QUARTER, FULL-YEAR 2020 RESULTS

Akron, Ohio, Feb. Marine Corps Reserve will conduct their ninth joint maneuver in December benefiting the U. National Laboratory. Phillips, associate general counsel, Americas, will become senior vice president and General Counsel, effective June 4, National Laboratory, through an experiment expected to launch later this year. Akron, Ohio and Nashville, Tenn. Bridgestone today announced that TireHub LLC, a joint venture in passenger and light truck tire distribution, will begin serving customers the first week of July.

Thompson, executive vice president and chief financial officer has informed the company of her intention to retire in the first quarter of after 35 years of dedicated and distinguished service. Bridgestone today announced they are forming one of the largest tire distribution joint ventures in the United States.

AKRON, Ohio, March 23, — A truck driver who administered first aid to a motorist who had been pierced through the neck by a broken steering wheel after crashing into a truck is the 35th recipient of the prestigious Goodyear Highway Hero Award. Two names that have been connected for decades across multiple generations. The dividend is payable September 1,to shareholders of record on August 1, The payout represents an annual rate of 40 cents per share.

The notes will be senior unsecured obligations of the company. AKRON, Ohio, January 30, — For years, hobbyists who tow boats, jet skis and snowmobiles to recreational destinations have asked for an American-manufactured trailer tire to help carry their cargo with confidence. Millions of workers who haul equipment from job to job have echoed that desire.

goodyear conference 2021

This exclusive car is matched with special tires, successfully showcasing the cooperation between the two companies. AKRON, Ohio, September 21, - The iconic Goodyear Blimp is returning to the Toronto area for the first time in nearly a decade, continuing its tradition of providing superior aerial coverage of the most-watched television events on the sports and entertainment calendar and thrilling passengers with once-in-lifetime rides onboard the blimp.

The Freedom Award, which is the nation's highest honor given to employers for exceptional support of Guard and Reserve employees, was given to 15 companies selected from more than 2, nominations.

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AKRON, Ohio, June 16, — Picture a retail shopping experience so comfortable, accommodating and hassle-free that you would actually look forward to going to the store. Stephen Curry. The Goodyear Blimp.

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Armed Forces. Today in Pompano Beach, Fla. Last year alone, Goodyear Auto Service Centers repaired more thanflat tires. He will join the company on August 24, and assume full responsibility for the business on January 1, Rapin will join the company as vice president and treasurer.Goodyear will bring three new all-terrain tires to market in with the introduction of the Wrangler Workhorse powerline and HT, AT and RT products.

The Wrangler Workhorse Powerline will feature three new tires designed for consumers, as well as small business fleets that need both on- and off-road capabilities. And the line is targeted for the middle of the pricepoint, Dwyer said.

Goodyear Tire & Rubber Co (GT) Q4 2020 Earnings Call Transcript

The Workhorse HT tire is for those driving on local roads and highways and looking for dependable highway traction. The tire comes with a 60, mile limited warranty. The Workhorse AT tire offers strong traction both on and off the road, with a 50, mile limited treadwear warranty.

It comes with a 40, mile limited treadwear warranty. Dwyer said that answers a specific need dealers had identified in the marketplace — a mid-tier product with the 3-Peak mountain snowflake designation.

All three tires are set to launch in the third quarter of with 70 sizes for wheels from inches to inches. Another 22 sizes are scheduled to hit the market in In the consumer market, will also see the launch of a tire that was originally scheduled for It was supposed to enter the market in September. All three of the Goodyear blimps were grounded, and the company needed to keep its brand front and center, he said.

So, the company pivoted to meet consumers where they were spending time - on social media, streaming services, and their second screens. As consumers turned online for more of their shopping needs in several categories, their tire searches and shopping followed suit. Dwyer said Goodyear continues to work on its media mix. The tiremaker has tested several approaches to see what drive consumer engagement, including warranties, consumer reviews, star ratings and specific tire features.

One more big effort is in connecting with customers in Canada and Mexico. After more than a dozen years working as a newspaper reporter in Kansas, Indiana, and Pennsylvania, Joy Kopcha joined Modern Tire Dealer as senior editor in She has covered murder trials, a prison riot and more city council, county commission, and school board meetings than she cares to remember.

No Comments. Order Reprints. Report Abusive Comment Thank you for helping us to improve our forums. Is this comment offensive? Please tell us why.Good morning. My name is Keith, and I'll be your conference operator today.

Please go ahead. Thank you, Keith. And thank you everyone for joining us for Goodyear's fourth quarter earnings call. The supporting slide presentation for today's call can be found on our website at investor.

Replay instructions were included in our earnings release issued earlier this morning. If I could now draw your attention to the Safe Harbor statement on Slide 2, I would like to remind participants on today's call that our presentation includes some forward-looking statements about Goodyear's future performance.

Actual results could differ materially from those suggested by our comments today. The most significant factors that could affect future results are outlined in Goodyear's filings with the SEC and in our earnings release.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Thank you, Nick and good morning everyone. Good to be with you today. As you saw in our news release this morning, the fourth quarter was an outstanding conclusion to a truly unprecedented and challenging year.

Our volume improved sequentially reflecting a modest uptick in global industry demand compared to the third quarter as well as improvements in market share in several of our businesses. We also continue to benefit from execution and cost savings initiatives including actions we've taken to improve our structural cost.

At the same time, we saw improvements in both price mix and raw material costs.

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These factors helped us deliver significant earnings growth and margin expansion during the quarter. I'm incredibly proud of our team's ability to persevere and finish the year strong. The prospects of fourth quarter earnings growth and this level of cash flow -- cash flows, excuse me, frankly, were not something we had imagined six months ago or even three months ago. Yet, with the determination to win with our products in the marketplace and a relentless focus on cost and cash, we finished the year on a high note with our businesses well positioned for continued recovery.

Each of our strategic business units contributed to this outcome. In the Americas, our commercial business continued to perform well. The momentum we have with our commercial customers is a testament to our market-backed approach to developing products and services that help owner operators and fleets of all sizes maximize uptime and lower operating cost per month.

We believe we can build on the strength in Truck tonnage, freight rates and Class A truck orders are trending favorably in the US suggesting we are likely to see a culminative industry conditions. We also see a significant benefit from recent customer wins, including Ryder, Albertsons, Dart, and Pepsi MidAmerica, just to name a few. We are expanding our suite of digital tools and fuel-efficient products to help us continue winning with fleets in the new year.

We recently introduced Fleet Central, an interactive tool designed to help fleets lower costs and make faster and more informed decisions regarding their tire and maintenance needs.

The Fuel Max LHD 2 is a drive tire designed for long haul fleets looking to lower fuel costs and reduce their carbon footprint. This tire offers low rolling resistance that meets Phase 2 greenhouse gas emissions and fuel efficiency standards. This tire is designed for regional haul carriers that demand fuel efficiency for highway travel, but also require robust durability and traction to navigate city routes.

These type of customer backed products, combined with an increasingly digital based service proposition will help us advance our strong industry leading proposition.

goodyear conference 2021

While I'm pleased with our recent performance, I'm even more excited about the gains we expect in our OE business in and beyond.As reflected by its broadly based editorial board, the Review balances theoretical and empirical contributions. The primary criteria for publishing a paper are its quality and importance to the field of finance, without undue regard to its technical difficulty.

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goodyear conference 2021

You can host your trained machine learning models in the cloud and use the Cloud ML prediction service to infer target values for new data.

This page discusses model hosting and prediction and introduces considerations you should keep in mind for your projects. The Cloud ML Engine prediction service manages computing resources in the cloud to run your models.

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You can request predictions from your models and get predicted target values for them. Here is the process to get set up to make predictions in the cloud:You export your model using SavedModel as part of your training application.

You create a model resource in Cloud ML Engine and then create a model version from your saved model. You format your input data for prediction and request either online prediction or batch predictionWhen you use online prediction, the service runs your saved model and returns the requested predictions as the response message for the call. The prediction service allocates resources to run your job. This includes one or more prediction nodes.

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Each node runs your graph and saves the predictions to a Google Cloud Storage location that you specify. When all of your input data is processed, the service shuts down your job and releases the resources it allocated for it.


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