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The Goodyear Tire(GT) - 2024 Q2 - Earnings Call Transcript
2024-08-01 20:56
财务数据和关键指标变化 - 第二季度营业收入为46亿美元,同比下降6%,主要受到商用卡车销量下降和OE RMI指数协议不利影响 [29] - 第二季度分部营业利润为3.39亿美元,同比增加2.15亿美元,分部营业利润率为7.4%,几乎是2023年同期的3倍 [12] - 每股收益(EPS)报告基础同比增加超过1美元,调整后EPS同比增加0.53美元 [12] 各条业务线数据和关键指标变化 美洲 - 美洲分部营业利润增加1.38亿美元,达到2.41亿美元,占销售额近9% [34] - 美洲销量下降6%,主要是替换市场下降,美国替换市场低端进口轮胎增长18% [34] - 美洲业绩受益于Goodyear Forward计划执行、从塔佩洛风暴中恢复以及运输成本下降,抵消了销量下降 [35] 欧洲、中东和非洲(EMEA) - EMEA分部营业利润增加5400万美元,达到3500万美元 [36] - EMEA销量下降1%,西欧增长但东欧(特别是土耳其)下降 [36] - EMEA业绩受益于原材料价格与销售价格差异改善、保险赔付以及Goodyear Forward计划,抵消了固定成本上升和通胀压力 [37] 亚太 - 亚太分部营业利润增加2300万美元,达到6300万美元,营业利润率10.6% [38] - 亚太销量增长8%,主要得益于中国OE市场增长 [38] - 亚太业绩受益于原材料价格与销售价格差异改善、销量增长和Goodyear Forward计划,但受到通胀压力影响 [38] 公司战略和发展方向及行业竞争 - 公司正在执行Goodyear Forward计划,包括精简销售、行政和一般管理费用、提高制造效率、优化研发和零售网络等 [23][24][25][26] - 公司正在调整产品组合,减少低利润低价值产品,专注于高端和高收益细分市场 [16][17] - 公司面临行业环境挑战,包括OEM产量下降和替换市场受低端进口轮胎冲击 [9][15] - 公司将继续专注于利润较高的细分市场,同时执行成本削减措施应对行业挑战 [10][11] 管理层对经营环境和未来前景的评论 - 公司预计行业挑战将持续到下半年 [9] - 公司有信心在明年底前实现10%的分部营业利润率目标 [27] - 公司预计第三季度全球销量同比下降约4%,原材料成本增加约5000万美元,但Goodyear Forward计划将带来约1.2亿美元的分部营业利润改善 [39] 其他重要信息 - 公司已完成出售离地轮胎业务的交易,这是公司转型计划的重要一步 [8] - 公司在EMEA地区完成了之前宣布的工厂关闭所需的咨询,有助于改善该地区的成本结构 [21] - 公司在美洲地区宣布在哥斯达黎加建立新的共享服务中心 [23]
Goodyear (GT) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-01 09:05
文章核心观点 - 公司本季度收入为45.7亿美元,同比下降6.1% [1] - 公司本季度每股收益为0.19美元,去年同期为-0.34美元 [1] - 公司本季度收入低于市场预期4.67% [2] - 公司本季度每股收益超出市场预期111.11% [2] 公司经营指标总结 轮胎销量 - 美洲地区轮胎销量1960万条,低于三家分析师平均预期的2071万条 [6] - 亚太地区轮胎销量890万条,高于三家分析师平均预期的856万条 [7] - 欧洲中东非洲地区轮胎销量1160万条,略高于三家分析师平均预期的1151万条 [8] - 总体轮胎销量4010万条,低于三家分析师平均预期的4077万条 [9] 销售收入 - 美洲地区销售收入27亿美元,同比下降8.2%,低于三家分析师平均预期的28.7亿美元 [10] - 亚太地区销售收入5.94亿美元,同比增长1.2%,低于三家分析师平均预期的6.04亿美元 [11] - 欧洲中东非洲地区销售收入12.8亿美元,同比下降4.6%,低于三家分析师平均预期的13亿美元 [12]
The Goodyear Tire(GT) - 2024 Q2 - Quarterly Results
2024-08-01 05:13
第二季度财报 - Goodyear第二季度2024销售额为46亿美元,轮胎销量为4010万[9] - Goodyear第二季度2024净利润为8500万美元(每股30美分),较去年同期的2.08亿美元亏损有显著改善[9] - Goodyear第二季度2024调整后净利润为5400万美元(每股19美分),较去年同期的9700万美元亏损有显著改善[10] - Goodyear第二季度2024业务部门运营收入为3.39亿美元,较去年同期增加2.15亿美元[11] - 2024年第二季度Goodyear公司净销售额为45.7亿美元,同比下降6.1%[34] - 2024年第二季度Goodyear公司净利润为8.5亿美元,同比增长[34] - Goodyear第二季度2024美洲业务部门运营收入为2.41亿美元,运营利润率为8.9%[16] - Goodyear第二季度2024亚太业务部门运营收入为6300万美元,运营利润率为10.6%[22] - 2024年第二季度Goodyear公司调整后净利润为5.4亿美元[43] - 2024年第二季度Goodyear公司调整后每股摊薄收益为0.19美元[43] 上半年财报 - Goodyear第一半2024销售额为91亿美元,轮胎销量为8050万[12] - Goodyear第一半2024净利润为2800万美元(每股10美分),较去年同期的3.09亿美元亏损有显著改善[12] - Goodyear第一半2024调整后净利润为8300万美元(每股29美分),较去年同期的1.79亿美元亏损有显著改善[13] - Goodyear第一半2024业务部门运营收入为5.86亿美元,较去年同期增加3.37亿美元[14] - 2024年前六个月Goodyear公司净销售额为91.07亿美元,毛利润为17.7亿美元,SAG费用为14.27亿美元[49] - 2024年前六个月Goodyear公司净利润为2.8亿美元,每股收益为0.10美元[49] - 2024年上半年Goodyear公司总资产为215.82亿美元[36] - 2024年上半年Goodyear公司总负债为167.45亿美元[36] - 2024年上半年Goodyear公司现金流量经营活动净额为-5.18亿美元[38] - 2024年上半年Goodyear公司总分段运营利润为5.86亿美元[40] - 2023年前六个月Goodyear公司净销售额为98.08亿美元,毛利润为14.92亿美元,SAG费用为13.72亿美元[51]
Goodyear Reports Second Quarter 2024 Financial Results
Prnewswire· 2024-08-01 04:51
文章核心观点 - 公司第二季度净利润为8500万美元,每股收益30美分,调整后净利润为5400万美元,每股收益19美分 [1][2] - 分部营业利润为3.39亿美元,同比增加2.15亿美元 [2] - 美洲分部营业利润为2.41亿美元,营业利润率为8.9% [5] - 亚太分部营业利润为6300万美元,营业利润率为10.6% [8] - 公司"Goodyear Forward"转型计划带来9000万美元收益 [2] 分部业绩总结 美洲 - 第二季度销售额27亿美元,同比下降8.2%,主要受更换市场销量下降和不利价格/产品组合影响 [5] - 轮胎销量下降5.9%,其中更换市场销量下降8.6% [5] - 营业利润增加1.38亿美元,主要受益于"Goodyear Forward"计划执行、原材料成本与售价差异改善、2023年塔佩罗风暴影响消除以及运输成本下降 [5] EMEA - 第二季度销售额12.79亿美元,同比下降4.6%,主要受汇率变动不利影响 [6][7] - 轮胎销量下降0.9% [7] - 营业利润增加5400万美元,主要受益于原材料成本与售价差异改善、保险赔付收益以及"Goodyear Forward"计划 [7] 亚太 - 第二季度销售额5.94亿美元,同比增长1.2%,主要受原装设备销量增加推动 [8] - 轮胎销量增长7.8%,其中原装设备销量增长32.2% [8] - 营业利润增加2300万美元,主要受益于销量增加、原材料成本与售价差异改善以及"Goodyear Forward"计划 [8]
Goodyear Names Mamatha Chamarthi Chief Digital Officer and Will Roland Chief Marketing Officer
Prnewswire· 2024-07-30 20:30
AKRON, Ohio, July 30, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Mamatha Chamarthi has been named senior vice president and Chief Digital Officer, and Will Roland has been named senior vice president and Chief Marketing Officer, both reporting to Chief Executive Officer and President Mark Stewart, effective August 1. Goodyear Names Mamatha Chamarthi Chief Digital Officer Goodyear Names Will Roland Chief Marketing Officer "It's imperative that we understand ...
Goodyear to Announce Second Quarter 2024 Financial Results
Prnewswire· 2024-07-23 04:30
AKRON, Ohio, July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report second quarter 2024 financial results after market close on Wednesday, July 31, followed by an investor conference call at 8:00 a.m. EDT on Thursday, August 1.The Company will publish its results on July 31, in the form of an Earnings Release and an additional presentation on its investor relations website: http://investor.goodyear.com. The following morning, the Company will host an investor call.The inve ...
Goodyear Announces Sale of Off-The-Road Tire Business to Yokohama for $905 Million
Prnewswire· 2024-07-22 15:01
AKRON, Ohio, July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell its Off-the-Road ("OTR") tire business to The Yokohama Rubber Company, Limited (TYO: 5101) ("Yokohama") for $905 million in cash. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan.Goodyear's OTR tire business provides industry ...
GT Resources Announces Diamond Drilling Underway on the Canalask Nickel-Copper Project
Newsfile· 2024-07-08 18:30
GT Resources Announces Diamond Drilling Underway on the Canalask Nickel-Copper ProjectJuly 08, 2024 6:30 AM EDT | Source: GT Resources Inc.Toronto, Ontario--(Newsfile Corp. - July 8, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT Resources") is pleased to announce drilling of the Electromagnetic ("EM") targets at the Canalask Nickel-Copper Project is now underway. "The first drill hole is well underway and is targeting a ~1000m x 400m EM Maxwell plate in t ...
Goodyear Shares Sustainability Progress in 2023 Corporate Responsibility Report
Prnewswire· 2024-06-27 23:30
AKRON, Ohio, June 27, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today released its report on corporate responsibility performance for 2023. The company's latest report details how Goodyear is helping create value for its internal and external stakeholders. The report also outlines the progress Goodyear is making toward achieving its short- and long-term sustainability goals.2023 Goodyear Corporate Responsibility ReportChief Executive Officer and President Mark Stewart said, "Our c ...
Goodyear Announces the New Cooper® Discoverer Stronghold™ All-Terrain Tire for All the Surfaces You Require
Prnewswire· 2024-06-20 21:13
The Cooper Discoverer Stronghold AT lives up to its name, providing a strong hold with 3D sipe technology in the shoulders that help provide stability in cornering. With wide open grooves in the tread, the Cooper Discoverer Stronghold AT offers solid traction in dirt, gravel and other soft surfaces. The tire also carries the Three-Peak Mountain Snowflake Designation (3PMS), indicating that it meets a snow traction standard set by Federal Motor Vehicle Safety Standards."The Cooper® Discoverer Stronghold AT i ...