NASDAQ$GT

Goodyear Tire & Rubber Co · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Goodyear reported strong first-quarter results driven by the Cooper Tire merger and pricing actions, despite supply chain disruptions and geopolitical challenges.

Goodyear's first quarter 2022 saw a 40% increase in net sales compared to the previous year, reaching $4.9 billion. Net income was reported at $96 million, with adjusted net income at $105 million. Merger-adjusted segment operating income increased by 38% to $311 million.

  • Net sales increased by 40% compared to Q1 2021, with 20% growth excluding the Cooper Tire transaction and foreign currency impacts.
  • Goodyear's net income for the first quarter was $96 million, while adjusted net income reached $105 million.
  • Merger-adjusted segment operating income rose by 38% to $311 million compared to the first quarter of 2021.
  • The company experienced continued global market share growth during the quarter, driven by consumer replacement tires.

Headline financials

Total Revenue

$4.91B

Previous: $3.51B+39.8%
EPS (adj)

$0.37

Previous: $0.43-14.0%
Total tire units

45.0M

Previous: 35.0M+28.6%
Capital Expenditures

-$276M

Previous: -$185M-49.2%
Free Cash Flow

-$180M

Previous: -$173M-4.0%
Net Income

$96M

Previous: $12M+700.0%
Operating Income

-$4.66B

Previous: -$3.37B-38.5%
Gross Profit

$942M

Previous: $760M+23.9%
Cash & Equivalents

$1.05B

Previous: $1.22B-13.9%
Total Assets

$22.6B

Previous: $16.6B+36.5%

Revenue & EPS history

Goodyear · Revenue · Quarterly

$4.91B

Q1 2022+39.8%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Goodyear · $4.91B total across 3 segments · Q1 2022

  • Americas
    $2.92B+63.1%
  • EMEA
    $1.43B+15.8%
  • Asia Pacific
    $567M+15.0%

Forward guidance

No specific forward guidance was provided in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-2.1%

Avg return

Earnings day

-2.9%

Avg return

5 days after

-2.9%

Avg return

30 days after

44%

30 / 68 earnings

Positive

+17.3%

Q4 2024

Best reaction

-26.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.2%-19.7%-21.8%
Q4 2025-13.5%-10.3%-32.8%
Q3 2025+7.8%+9.9%+22.9%
Q1 2025-0.8%+2.5%-3.4%
Q4 2024+17.3%+30.1%+12.0%
Q3 2024+12.3%+21.5%+31.5%
Q2 2024-15.1%-28.0%-23.9%
Q1 2024+1.5%+5.9%-0.6%
Q4 2023-13.9%-8.5%-6.6%
Q3 2023+2.5%+2.2%+12.1%
Q2 2023-17.5%-21.8%-16.4%
Q1 2023+4.7%+6.4%+23.1%
Q4 2022-6.8%-0.1%-1.9%
Q3 2022-13.7%-18.4%-10.4%
Q2 2022+8.2%+11.2%+8.0%
Q1 2022-16.4%-17.2%-2.8%
Q4 2021-26.3%-24.3%-40.1%
Q3 2021+7.6%+7.6%-2.3%
Q2 2021+7.2%+11.5%+6.9%
Q1 2021+0.0%+8.4%+11.8%
Q4 2020+9.9%+10.5%+41.2%
Q3 2020-13.1%-11.0%+10.3%
Q2 2020-9.4%-4.4%+1.5%
Q1 2020-17.7%-23.8%-5.6%
Q4 2019-10.2%-15.8%-51.6%
Q3 2019+10.8%+8.6%+5.4%
Q2 2019-7.5%-8.2%-24.4%
Q1 2019-1.9%-5.4%-25.2%
Q4 2018-9.2%-9.3%-14.2%
Q3 2018+2.3%+2.4%+9.6%
Q2 2018+14.0%+13.0%+11.5%
Q1 2018-5.5%-6.6%-6.3%
Q4 2017-10.4%-12.3%-14.1%
Q3 2017-7.5%-10.2%-8.9%
Q2 2017-11.4%-11.7%-15.5%
Q1 2017+0.5%-0.8%-8.0%
Q4 2016+3.1%+10.8%+10.0%
Q3 2016-6.6%-10.2%+0.3%
Q2 2016+3.0%+3.1%+3.9%
Q1 2016-8.8%
Q4 2015+8.5%
Q3 2015-1.7%
Q2 2015+0.6%
Q1 2015+4.2%
Q4 2014+5.7%
Q3 2014+7.4%
Q2 2014-8.9%
Q1 2014-7.4%
Q4 2013+10.7%
Q3 2013-2.9%
Q2 2013+8.6%
Q1 2013-2.9%
Q4 2012+1.2%
Q3 2012-7.2%
Q2 2012+11.0%
Q4 2011-8.0%
Q1 2012-5.0%
Q3 2011+1.4%
Q2 2011-5.8%
Q1 2010+9.6%
Q1 2011+1.8%
Q4 2008+14.3%
Q4 2010+14.3%
Q3 2010-12.0%
Q3 2009-12.0%
Q2 2009-10.7%
Q2 2010-10.7%
Q4 2009-10.7%

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