NASDAQ$GT
Goodyear Tire & Rubber Co · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Goodyear's second quarter results were significantly affected by the COVID-19 pandemic, but decisive actions helped mitigate the impact.
Goodyear's Q2 2020 sales were $2.1 billion, a 41% decrease from the previous year. The company reported a net loss of $696 million, or $2.97 per share, compared to a net income of $54 million, or $0.23 per share, in the prior year. The decline was driven by lower industry volume and reduced sales from other tire-related businesses, partially offset by improvements in price/mix.
- First half results significantly affected by COVID-19 pandemic.
- Second quarter cash flow significantly better than expected.
- Strong cash and liquidity position maintained; $3.9 billion available at quarter end.
- Volume trends in key markets improved throughout the second quarter; China consumer replacement volume increased year-over-year in both May and June.
Headline financials
Revenue & EPS history
Goodyear · Revenue · Quarterly
$2.14B
Revenue by segment
Goodyear · $2.14B total across 3 segments · Q2 2020
- Americas$1.13B—52.9%
- EMEA$676M—31.5%
- Asia Pacific$334M—15.6%
Forward guidance
While we are encouraged to see industry demand gradually recovering in most major markets, our plans for the second half consider the challenges and uncertainties that remain.
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 Q2 2020
-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
| Quarter | Report date | Reaction (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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