NASDAQ$GT
Goodyear Tire & Rubber Co · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Goodyear's fourth quarter results reflected strong performance driven by cost-saving actions and improvements in price/mix, despite challenges from lower volume and reduced factory utilization.
Goodyear reported Q4 2020 sales of $3.7 billion, a 2% decrease from the prior year. Net income was $63 million, or $0.27 per share, compared to a net loss of $392 million in the prior year. Adjusted net income was $103 million, or $0.44 per share, compared to $45 million in the prior year. The company's segment operating income was $302 million, up 25% from the prior year.
- Net income of $63 million, adjusted net income of $103 million.
- Segment operating income of $302 million, up 25% from the prior year.
- Full-year cash flow from operations of $1.1 billion, reflecting strong working capital performance.
- Robust cash and liquidity position of $5.4 billion.
Headline financials
Revenue & EPS history
Goodyear · Revenue · Quarterly
$3.66B
Revenue by segment
Goodyear · $3.64B total across 3 segments · Q4 2020
- Americas$1.9B-6.2%52.2%
- EMEA$1.2B+5.2%33.0%
- Asia Pacific$537M-1.6%14.8%
Forward guidance
Goodyear enters 2021 with good momentum, expecting its commercial business to continue outperforming the industry and its consumer replacement business to strengthen. The company anticipates benefiting from its consumer OE pipeline and is positioned to capitalize on stronger industry fundamentals.
Tailwinds
- Commercial business continues to outperform the industry.
- Consumer replacement business is strengthening.
- Beginning to see the benefits of a robust consumer OE pipeline.
- Positioned to capitalize on stronger industry fundamentals in 2021.
- Strong cash flow during the fourth quarter.
Headwinds
- Impact of COVID-19 pandemic.
- Increases in the prices paid for raw materials and energy.
- Labor strike, work stoppage or other similar event.
- Foreign currency translation and transaction risks.
- Deteriorating economic conditions or an inability to access capital markets.
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 Q4 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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