GT News & Events

Reports Q1 revenue $3.9B, consensus $3.81B. "The first quarter reflected a challenging environment, marked by weak consumer industry demand in both OE and replacement across the majority of our key geographies," said CEO Mark Stewart. "Despite a weak environment, our first quarter results were in line with our expectations and reflect our commitment to drive value for our brands in the marketplace, where we offer world-class differentiated products and services." "Looking ahead, increased pressure on industry demand and higher raw material costs stemming from the conflict in the Middle East require that we continue to take meaningful actions to strengthen our cost structure," added Stewart. "We have consistently demonstrated a strong capability in driving cost transformation. We expect to deliver further savings to position the company for long term value creation."

Goodyear Tire announced that Travis Parman has joined the company as Chief Communications Officer. Parman has held senior communications leadership roles at companies including Nissan Motor Corporation, General Motors, Renault Group, Ally Bank and most recently at PMI U.S.