Goodyear Announces Third Quarter 2026 Results

(NASDAQ:GT) The Goodyear Tire & Rubber Company reported third quarter 2026 net sales of $4.5 billion, a decrease of 2.3% year over year, but an increase of 1.6% organically after adjusting for the sales of its Chemical business and the Dunlop brand. Tire unit volume for the quarter was 38.6 million units, down 3.3% year over year, with replacement market weakness partially offset by higher original equipment (OE) volumes reflecting market share gains. Goodyear reported a net loss of $238 million for the quarter, or $0.82 per share, compared to a net loss of $2.2 billion, or $7.62 per share, in the prior year. Adjusted net loss for the quarter was $31 million, compared to adjusted net income of $82 million in the prior year's third quarter. Adjusted loss per share was $0.11, versus adjusted earnings per share of $0.28 in the prior year. Segment operating income was $174 million, down from $287 million a year ago. The quarter included pre-tax rationalization charges of $148 million. The decrease in segment operating income reflected lower volume ($77 million), inflation ($69 million), and higher tariffs and other costs ($48 million), partially offset by $90 million of benefits from Goodyear Forward and favorable price/mix versus raw material costs of $76 million. In the Americas segment, third quarter net sales were $2,675 million, with segment operating income of $96 million, down from $206 million in the prior year. Americas tire unit volume was flat at 19.6 million units, with replacement tire unit volume down 2.2% and OE tire unit volume up 8.7%. EMEA segment third quarter net sales were $1,355 million, with segment operating income of $12 million, down from $30 million in the prior year. EMEA tire unit volume was 11.1 million, down 6.7%, with replacement unit volume down 11.3% and OE tire unit volume up 5.5%. Asia Pacific segment third quarter net sales were $510 million, with segment operating income of $66 million, up from $51 million in the prior year. Asia Pacific tire unit volume was 7.9 million, down 6.0%, with replacement volume down 8.2% and OE volume down 3.9%. Products 18 inches and above represented 44% of sales volumes, up from 39% a year ago. Goodyear established a dedicated transformation office to accelerate evaluation and execution of opportunities to improve structural returns and cash generation. Mark Stewart, chief executive officer and president, and Scott Deakin, interim executive vice president and chief financial officer, will lead the investor call on November 5, 2026, at 8:30 a.m. Eastern time. The company completed the sale of the Dunlop brand in May 2025 and the Chemical business in October 2025. As of September 30, 2026, Goodyear reported total assets of $18,500 million and total current assets of $7,939 million. Cash and cash equivalents were $812 million at quarter end.

Joe Hinrichs Elected Goodyear's Board Chairman

(NASDAQ:GT) The Goodyear Tire & Rubber Company announced the election of Joe Hinrichs as chairman of its Board of Directors, effective October 7, 2026. Joe Hinrichs will also chair the board's Governance and Executive Committees. Hinrichs was elected to Goodyear's board in 2023. He succeeds Laurette Koellner, who will retire in accordance with Goodyear's Corporate Governance Guidelines at the company's 2027 annual meeting. Hinrichs most recently served as president and chief executive officer of CSX Corporation. Prior to CSX, Hinrichs held several leadership roles at Ford Motor Company, including president of the Global Automotive Business, executive vice president and president of Global Operations, executive vice president and president of the Americas, president of Asia Pacific and Africa, chairman and chief executive officer of Ford China, and president and chief executive officer of Ford Canada. Hinrichs holds a bachelor's degree in electrical engineering from the University of Dayton and an MBA from Harvard Business School. Laurette Koellner was elected to Goodyear's Board of Directors in 2015, became independent Lead Director in 2019, and non-executive chairman of the Board in 2024. Koellner previously held several leadership roles at The Boeing Company. Goodyear employs about 60,000 people. The company manufactures its products in 48 facilities in 19 countries. Goodyear operates two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg.

Goodyear Earns CDP Supplier Engagement "A" Score

(NASDAQ: GT) The Goodyear Tire & Rubber Company announced it has earned an "A" score in the CDP Supplier Engagement Assessment. CDP is a global environmental disclosure organization whose Supplier Engagement Assessment evaluates how companies engage suppliers on climate-related issues, including governance, emissions targets, Scope 3 emissions management and supplier collaboration. Goodyear has set near-term science-based climate targets for 2030 and a long-term net-zero target for 2050. In 2023, the company launched its supplier engagement program with its raw material suppliers, asking them to set science-based targets, pursue renewable electricity and energy goals, engage their own supply base on climate targets, publicly report progress and share product-level GHG emissions footprint data with Goodyear. Goodyear employs about 63,000 people and manufactures its products in 48 facilities in 19 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. The company projects to address emissions across its value chain and support the broader transition to a net-zero economy.

GT Resources Receives 10-Year, Class III Exploration Permit for the Canalask Copper - Nickel Project, Yukon

(TSXV: GT) (OTCQB: CGTRF) GT Resources Inc. announced it has received a Class III Exploration Permit, which is valid for 10-years, for the road accessible Canalask Copper - Nickel Project in the Yukon. In 2024, the Company undertook a drill program at Canalask which returned 1.95% nickel, 0.05% copper, 0.03% cobalt, 0.19 g/t gold, and 0.44 g/t palladium over 33.5 meters near surface in Hole CSK24-05 in the Footwall Zone. The Canalask Project is located in the Whitehorse Mining District, approximately 320 km west of Whitehorse and is road accessible from the Alaska Highway near Beaver Creek, Yukon. The Project also possesses copper-gold skarn-style mineralization with drill intersection of up to 2.4% Cu and 3.1 g/t Au over 1.0 meter in hole CSK24-05. The Historical Resource Estimate on the Main Zone (also referred to as the Footwall Zone) of the Canalask Project is quoted at 400,000 tonnes at 1.35% nickel by Discovery Mines Ltd. in 1968. In Finland, the Company is advancing its flagship Läntinen Koillismaa ("LK") Project, which hosts significant mineral resources including palladium, platinum, gold, copper, and nickel. The quality and scale of the Company's project portfolio has attracted strategic investment from Glencore plc.

GT Resources Initiates Field Work at CD Gold - Copper Porphyry Project, Yukon

(TSXV: GT) (OTCQB: CGTRF) GT Resources Inc. has begun the 2026 field program on the CD Project in Yukon's Dawson Range Gold Belt, located near Carmacks. The CD Project hosts a gold-copper porphyry target with valid drill permits until 2033 and features a 1,200 m x 400 m gold-copper-molybdenum anomaly. Historical drilling in the 1970s returned 0.15% Cu over 15.2 m (hole 76-2) and 0.09 g/t Au, 0.10% Cu over 21.3 m (hole 76-4), while trenching yielded 0.43 g/t Au, 0.15% Cu, 196 ppm Mo over 5 m. The 2026 work program includes an airborne MobileMT survey, field reconnaissance mapping, prospecting, and soil sampling over the Maloney porphyry and Schist vein targets. GT currently intends to conduct a 2,500 to 3,000 meter diamond drill program in 2027 to test the gold-rich copper porphyry potential and high-grade gold-silver vein targets at CD. The Casino deposit, located 90 kilometers to the northwest, hosts a Measured and Indicated Resource Estimate of 7.6 billion pounds of copper and 14.8 million ounces of gold (Roth et al. 2022). The company projects that integrating new MobileMT data with existing datasets will allow for improved definition of Maloney porphyry targets and more efficient allocation of exploration capital.

READY FOR LAUNCH: GOODYEAR HEADS BACK TO THE MOON

(NASDAQ:GT) Goodyear announced it will supply advanced lunar tires for Lunar Outpost's Pegasus Lunar Terrain Vehicle (LTV) as part of NASA's Artemis program. The tires are expected to support astronaut missions on the Moon beginning in 2028. Pegasus is designed for operations at the lunar South Pole and aims to enable astronauts to travel farther, operate longer, and unlock new scientific exploration capabilities. Goodyear's lunar tires are engineered to withstand extreme temperature swings, rocky surfaces, and low-gravity conditions. The development of Pegasus was led by Lunar Outpost, in partnership with General Motors, Goodyear, and Leidos. Goodyear employs about 63,000 people and manufactures its products in 49 facilities in 19 countries. Its two Innovation Centers are located in Akron, Ohio, and Colmar-Berg, Luxembourg.

Goodyear Announces Pricing of $1.05 Billion of Senior Notes

(NASDAQ:GT) The Goodyear Tire & Rubber Company announced that it has priced its offering of $1.05 billion aggregate principal amount of senior notes due 2032. The notes will be offered to the public at a price of 100% of their principal amount and will bear interest at a rate of 8.875% per annum. Goodyear expects the offering to close on June 4, 2026, subject to customary closing conditions. As of March 31, 2026, there was $700 million in aggregate principal amount of the 4.875% Notes outstanding and $117 million in aggregate principal amount of 7.625% Notes outstanding. Goodyear intends to use the net proceeds from this offering to repay, redeem or repurchase its outstanding 4.875% Senior Notes due 2027 and its outstanding 7.625% Senior Notes due 2027 at or prior to their respective maturity on March 15, 2027. Pending the repayment, redemption or repurchase of the 2027 Notes, Goodyear intends to temporarily apply a portion of the net proceeds from this offering to repay outstanding balances under its first lien revolving credit facility, its European revolving credit facility, its Mexican credit facility and certain other smaller facilities. The company employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world.

Goodyear Announces Offering of Senior Notes

(NASDAQ:GT) The Goodyear Tire & Rubber Company announced that it has commenced a public offering of $750 million aggregate principal amount of 6-year senior notes. As of March 31, 2026, there was $700 million in aggregate principal amount of the 4.875% Senior Notes due 2027 outstanding. Goodyear intends to use the net proceeds from this offering to repay, redeem or repurchase its outstanding 4.875% Senior Notes due 2027 at or prior to their maturity on March 15, 2027. Any remaining net proceeds will be used for general corporate purposes. The offering will be made under an effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission on May 29, 2025. Goodyear employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers are located in Akron, Ohio, and Colmar-Berg, Luxembourg.

GT Resources Secures a Drill Permitted, Yukon Gold - Copper Porphyry Project Near Casino Deposit

GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) announced it has entered into an earn-in agreement to acquire the CD Project in the Yukon's Dawson Gold Range, near Carmacks. The CD Project hosts a Gold-Copper porphyry target with valid drill permits until 2033 and exhibits significant geological parallels to Western Copper and Gold's Casino deposit. The agreement allows GT to earn up to a 75% interest in the property through a combination of cash, shares, and exploration expenditures totaling $10 million over five years, with specific annual payment and work commitments. The 2026 field season will focus on high-resolution data acquisition and geophysical surveys, followed by a 2,500-3,000 meter diamond drill program in 2027. The transaction is subject to TSX Venture Exchange approval. This acquisition aligns with GT's strategy to advance high-potential properties in top-tier mining jurisdictions and has attracted strategic investment from Glencore plc.

GT Resources Reports Improved Nickel Grades for the LK Copper - Nickel - Palladium - Platinum ("PGE") Project, Finland

GT Resources Inc. (TSXV: GT, OTCQB: CGTRF) announced results from its nickel re-assay and infill sampling program at the Läntinen Koillismaa (LK) Copper-Nickel-Palladium-Platinum Project in northcentral Finland. The company completed 4,588 nickel re-assays and 516 infill samples, resulting in a ~38% increase in nickel grade using the four acid digestion method compared to the historic aqua regia method for a 0.10% Nickel grade sample. Indicated resources at the LK project are 1.1 million ounces Total Precious Metals, 111 million pounds of Copper, and 92 million pounds of Nickel in 38.2 million tonnes. Inferred resources are 1.1 million ounces Total Precious Metals, 173 million pounds of Copper, and 152 million pounds of Nickel in 49.7 million tonnes. The improved grades and expanded intersections are expected to positively impact future mineral resource estimates and project economics.

Goodyear Announces First Quarter 2026 Results

The Goodyear Tire & Rubber Company (NASDAQ: GT) reported first quarter 2026 results, showing net sales of $3.9 billion and a net loss of $249 million, or $0.86 per share. Tire unit volumes totaled 34.0 million, with segment operating income at $95 million, down from $195 million a year ago. The quarter included rationalization charges of $104 million and benefits from the Goodyear Forward initiative totaling $107 million. The company highlighted ongoing challenges from weak consumer demand and higher raw material costs, but noted that results were in line with expectations. Goodyear will host an investor call on May 7, 2026.