Goodyear suspends dividend, to cut payroll costs affecting 9,000 employees; stock drops [MarketWatch]
The Goodyear Tire & Rubber Company (GT)
Last the goodyear tire & rubber company earnings: 4/30 07:15 am
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Source: MarketWatch
Shares of Goodyear Tire & Rubber & Co. dropped 4.7% in premarket trading Thursday, after the tire maker warned of a sales miss, suspended its dividend and announced payroll cost cuts that will affect more than 9,000 employees. The company said it expects first-quarter sales to fall to $3.0 billion from $3.6 billion, compared with the FactSet consensus of $3.3 billion, as tire unit volume has dropped 18% to 31 million. The results reflect "significant declines" in shipments after auto makers halted production amid the COVID-19 pandemic, and weak tire replacement demand. Goodyear said it will save $37 million a quarter by suspending its dividend, which was last paid at 16 cents a share in January. The dividend yield based on Wednesday's stock closing price was 8.86%. The payroll cost cuts include furloughs, temporary salary reductions and salary deferrals. The company is also evaluation ways to accelerate restructuring action. Separately, Goodyear said it refinanced its $2 billion revol
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News
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- Goodyear Tire & Rubber (NASDAQ:GT) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- ??????????·?·???(OTR)????????·??·??????????2035?????9,060?????????CAGR5.57%????????????????????????? [CNET News]CNET News
- One Goodyear Tire & Rubber Insider Raised Their Stake In The Previous Year [Yahoo! Finance]Yahoo! Finance
GT
Earnings
- 11/3/25 - Beat
GT
Sec Filings
- 1/6/26 - Form 4
- 11/17/25 - Form 4
- 11/4/25 - Form 10-Q
- GT's page on the SEC website