Mark Stewart
Chairman, President & Chief Executive Officer
Replay available
The Goodyear Tire & Rubber Company (GT) Q1 2026 Earnings Call
The Goodyear Tire & Rubber Company (NASDAQ: GT) Q1 2026 earnings conference call, held 2026-05-07. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
James Mulholland
Analyst, Deutsche Bank
Ross McDonald
Analyst, Citi
John Healy
Analyst, North Coast Research
Itay Michaeli
Analyst, TD Cowen
Ryan Brinkman
Analyst, J.P. Morgan
Emmanuel Rosner
Analyst, Wolfe Research
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for The Goodyear Tire & Rubber Company.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.236 items, including new rationalizations and discrete tax items in the quarter, 00:00:05.236 -- 00:00:09.741 non-GAAP earnings per share was a loss of 39 cents. 00:00:09.741 -- 00:00:14.847 Turning to the segment operating income walk on slide 7, our 2025 earnings base 00:00:14.847 -- 00:00:19.011 was lowered by $37 million due to last year's divestitures. 00:00:19.011 -- 00:00:24.537 After this change in scope, our 2025 SOI was $158 million. 00:00:24.537 -- 00:00:30.440 Lower tire unit volume and factory utilization were a headwind of $159 million. 00:00:30.440 -- 00:00:35.365 Price makes versus raw materials was a benefit of $103 million. 00:00:35.365 -- 00:00:41.012 Goodyear Forward contributed $107 million of benefits during the quarter, and inflation, 00:00:41.012 -- 00:00:46.357 tariffs, and other costs were a headwind of $117 million, which includes 00:00:46.357 -- 00:00:49.941 a $46 million IEPA tariff adjustment. 00:00:49.941 -- 00:00:54.686 Foreign currency and other were a tailwind of $3 million. 00:00:54.686 -- 00:01:00.258 Turning to slide eight, free cash flow was a use of $893 million in the quarter, 00:01:00.258 -- 00:01:05.045 consistent with our seasonality and largely in line with last year's levels after excluding 00:01:05.045 -- 00:01:11.435 operating cash received in the first quarter 2025 from the sale of OTR. 00:01:11.435 -- 00:01:16.603 Net debt declined almost $900 million versus a year ago, reflecting debt repayment 00:01:16.603 -- 00:01:19.568 at the end of last year. Moving 00:01:19.568 -- 00:01:25.537 to the SBU results on slide 10, America's unit volume decreased 17%, 00:01:25.537 -- 00:01:28.945 driven by lower U.S. consumer replacement volume. 00:01:28.945 -- 00:01:34.110 Commercial volume was also sig...