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Goodyear Tire & Rubber Q2 Earnings Call Highlights
['Stacy Sanders']
Daily Political
Goodyear Tire & Rubber (NASDAQ:GT) reported second-quarter sales of $4.3 billion, down about 5% from a year earlier, as lower tire volumes and the prior-year divestitures of its chemicals business and Dunlop brand outweighed price-and-mix improvements.
Unit volume fell 9%, principally because of lower U.S. consumer replacement demand and Goodyear’s decision to exit lower-margin product lines.
During the quarter, Goodyear issued approximately $1 billion of senior notes.
For the third quarter, Goodyear expects global unit volumes in its remaining business to be roughly flat from the prior year.
About Goodyear Tire & Rubber (NASDAQ:GT)The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio.