1 hr. ago
CNBC reported that The Goodyear Tire & Rubber Company (NASDAQ:GT) has extended the timeline for its "Goodyear Forward" turnaround plan after key financial targets went unmet.
CEO Mark Stewart told CNBC the company is trying to reach a 10% operating margin and generate meaningful cash flow, but debt remained above $7 billion at the end of the second quarter. Goodyear posted a $453 million net loss through the first half of the year against operating income of just $131 million, a 1.6% margin. The business has been hit by tariffs, elevated raw material costs, and expanding competition from cheaper Chinese tire imports. Capital expenditures, which ran roughly $2 billion combined in 2024 and 2025, are expected to fall to $725 million this year as the company prioritizes debt paydown and refinancing.
Copyright: baranq / 123RF Stock Photo
The core business is still generating a positive operating margin even amid a large net loss. Operating income of $131 million over six months shows The Goodyear Tire & Rubber Company (NASDAQ:GT)'s core tire operations are not losing money at the operating level, suggesting the much larger net loss stems mainly from the cost of servicing its debt rather than the core business itself failing.
Management is showing real capital discipline and not just promises since cutting planned capital expenditures to $725 million this year from roughly $1 billion annually in 2024 and 2025 combined is a measurable step toward freeing up cash for debt reduction. Moreover, tangible customer-facing investments, like the new retail concept store Stewart showcased in Detroit.
#goodyear #tire
CEO Mark Stewart told CNBC the company is trying to reach a 10% operating margin and generate meaningful cash flow, but debt remained above $7 billion at the end of the second quarter. Goodyear posted a $453 million net loss through the first half of the year against operating income of just $131 million, a 1.6% margin. The business has been hit by tariffs, elevated raw material costs, and expanding competition from cheaper Chinese tire imports. Capital expenditures, which ran roughly $2 billion combined in 2024 and 2025, are expected to fall to $725 million this year as the company prioritizes debt paydown and refinancing.
Copyright: baranq / 123RF Stock Photo
The core business is still generating a positive operating margin even amid a large net loss. Operating income of $131 million over six months shows The Goodyear Tire & Rubber Company (NASDAQ:GT)'s core tire operations are not losing money at the operating level, suggesting the much larger net loss stems mainly from the cost of servicing its debt rather than the core business itself failing.
Management is showing real capital discipline and not just promises since cutting planned capital expenditures to $725 million this year from roughly $1 billion annually in 2024 and 2025 combined is a measurable step toward freeing up cash for debt reduction. Moreover, tangible customer-facing investments, like the new retail concept store Stewart showcased in Detroit.
#goodyear #tire
1 month ago
A loaded 2028 class in the state of Arizona has national appeal with suitors for the top prospects spanning the country.
It is a defensive-heavy group, especially with the top three recruits in the state, but there is plenty of offensive firepower in the state.
Here is a look at some of the top recruits in the Grand Canyon State and how their recruitments are lining up.
–Goodyear (Ariz.) Desert Edge edge Jalanie George is the highest-rated defensive prospect in the 2028 class by Rivals. In May, George named a top six of, alphabetically, Auburn, Florida, Miami, Ohio State, Oklahoma and Washington. He plans to visit Auburn when they host Florida on September 19 and he's working on finalizing a visit to Ohio State. Two of his teammates are committed to Washington, 2027 quarterback Blake Roskopf and receiver Zerek Sidney and he said he wants to get to Husky Stadium this fall and Oklahoma is also likely to get him to visit with his committed teammate Mikyal Davis. In June, he camped at Miami and also made a multi-day visit to Florida and said he hit it off with head coach Jon Sumrall. He plans to trim his list once more this fall and hopes to have a decision in January at the Navy All-American Bowl.
–Chandler (Ariz.) Hamilton cornerback Keaton Fields maintains he's completely wide open and won't even hint at schools standing out. With nearly 30 offers, Fields was able to visit Notre Dame, Penn State and Texas A&M and he's working on plans for game day visits, with a few games being considered but nothing locked in. Arizona State offered him in June as part of the Golden Ticket push, and his father played for the Sun Devils, and he said they were one of three schools recruiting him the hardest along with Texas A&M, which has had major success in the state the last two years, as well as USC, where his teammate, Roye Oliver is committed.
#visit #george
It is a defensive-heavy group, especially with the top three recruits in the state, but there is plenty of offensive firepower in the state.
Here is a look at some of the top recruits in the Grand Canyon State and how their recruitments are lining up.
–Goodyear (Ariz.) Desert Edge edge Jalanie George is the highest-rated defensive prospect in the 2028 class by Rivals. In May, George named a top six of, alphabetically, Auburn, Florida, Miami, Ohio State, Oklahoma and Washington. He plans to visit Auburn when they host Florida on September 19 and he's working on finalizing a visit to Ohio State. Two of his teammates are committed to Washington, 2027 quarterback Blake Roskopf and receiver Zerek Sidney and he said he wants to get to Husky Stadium this fall and Oklahoma is also likely to get him to visit with his committed teammate Mikyal Davis. In June, he camped at Miami and also made a multi-day visit to Florida and said he hit it off with head coach Jon Sumrall. He plans to trim his list once more this fall and hopes to have a decision in January at the Navy All-American Bowl.
–Chandler (Ariz.) Hamilton cornerback Keaton Fields maintains he's completely wide open and won't even hint at schools standing out. With nearly 30 offers, Fields was able to visit Notre Dame, Penn State and Texas A&M and he's working on plans for game day visits, with a few games being considered but nothing locked in. Arizona State offered him in June as part of the Golden Ticket push, and his father played for the Sun Devils, and he said they were one of three schools recruiting him the hardest along with Texas A&M, which has had major success in the state the last two years, as well as USC, where his teammate, Roye Oliver is committed.
#visit #george
2 months ago
The Washington Huskies secured a commitment from one of the nation's top quarterbacks in the 2027 cycle in four-star Blake Roskopf, and in Rivals' latest rankings update, the 6-foot-5, 235-pound product of Desert Edge High School found himself among the top prospects in the class.
The recruiting outlet ranked Roskopf as the No. 101 overall player and No. 8 quarterback in the 2027 class, as the promising signal caller, who chose Jedd Fisch's program over 29 other offers, including Mississippi State, North Carolina, and UCLA, continues to see his stock rise after an impressive junior season.
Even without one of his top targets, fellow Washington commit Zerek Sidney—who was limited to just one game in 2025 due to an injury—Roskopf posted some gaudy numbers. He completed over 66 percent of his passes for 2,815 yards with 37 touchdowns and 8 interceptions, while showing off a skill set that could help him turn into a starter at the Big Ten level.
"Blake Roskopf has the look of a riser coming out of his junior season at Goodyear (Ariz.) Desert Edge," Rivals' Charles Power wrote in his scouting report.
"He's a jumbo quarterback at around 6-foot-5, 230 pounds and touts one of the stronger arms in the cycle. While Roskopf easily generates impressive velocity, we're most impressed with his ability to get the ball up and out with a snappy, quick release. He cut down on turnovers and increased his production year over year."
#roskopf #rivals
The recruiting outlet ranked Roskopf as the No. 101 overall player and No. 8 quarterback in the 2027 class, as the promising signal caller, who chose Jedd Fisch's program over 29 other offers, including Mississippi State, North Carolina, and UCLA, continues to see his stock rise after an impressive junior season.
Even without one of his top targets, fellow Washington commit Zerek Sidney—who was limited to just one game in 2025 due to an injury—Roskopf posted some gaudy numbers. He completed over 66 percent of his passes for 2,815 yards with 37 touchdowns and 8 interceptions, while showing off a skill set that could help him turn into a starter at the Big Ten level.
"Blake Roskopf has the look of a riser coming out of his junior season at Goodyear (Ariz.) Desert Edge," Rivals' Charles Power wrote in his scouting report.
"He's a jumbo quarterback at around 6-foot-5, 230 pounds and touts one of the stronger arms in the cycle. While Roskopf easily generates impressive velocity, we're most impressed with his ability to get the ball up and out with a snappy, quick release. He cut down on turnovers and increased his production year over year."
#roskopf #rivals
2 months ago
NASCAR Cup Series teams won't be racing on the exact same tire combination they used the last time they visited Indianapolis Motor Speedway.
Goodyear confirmed Tuesday that Cup teams will receive a new right-side tire for Sunday's Brickyard 400 while continuing to use the same left-side tire from the previous oval race. The updated tire comes after a June test at Indianapolis featuring Ross Chastain, Ryan Preece and John Hunter Nemechek: representing Chevrolet, Ford and Toyota.
The change adds another variable heading into one of NASCAR's most prestigious races as teams continue preparing for the final stretch of the regular season.
According to Goodyear, the new right-side tire features an updated construction and a new tread compound developed specifically for Indianapolis' unique layout.
Unlike many intermediate tracks, Indianapolis Motor Speedway's long straightaways and flat corners place different demands on the tires and reward teams willing to experiment with aggressive setups.
#indianapolis #tire #motor #right
Goodyear confirmed Tuesday that Cup teams will receive a new right-side tire for Sunday's Brickyard 400 while continuing to use the same left-side tire from the previous oval race. The updated tire comes after a June test at Indianapolis featuring Ross Chastain, Ryan Preece and John Hunter Nemechek: representing Chevrolet, Ford and Toyota.
The change adds another variable heading into one of NASCAR's most prestigious races as teams continue preparing for the final stretch of the regular season.
According to Goodyear, the new right-side tire features an updated construction and a new tread compound developed specifically for Indianapolis' unique layout.
Unlike many intermediate tracks, Indianapolis Motor Speedway's long straightaways and flat corners place different demands on the tires and reward teams willing to experiment with aggressive setups.
#indianapolis #tire #motor #right
2 months ago
One of the biggest variables every NASCAR weekend is the tire package, but teams arriving at EchoPark Speedway will see very few surprises.
Goodyear confirmed the NASCAR Cup Series will use the same tire setup that debuted during the spring race at the 1.54-mile drafting track earlier this season. Meanwhile, the O’Reilly Auto Parts Series will receive an updated right-side tire, while the Craftsman Truck Series returns to a familiar road course setup at Lime Rock Park.
Here’s what fans should know before the weekend begins.
For Sunday’s Quaker State 400 Available at Walmart, Cup Series teams will race on the same tire combination used during the spring event at EchoPark Speedway.
The setup includes the unique right-side tire Goodyear introduced earlier this season specifically for the demands of racing at the Georgia drafting track.
Goodyear confirmed the NASCAR Cup Series will use the same tire setup that debuted during the spring race at the 1.54-mile drafting track earlier this season. Meanwhile, the O’Reilly Auto Parts Series will receive an updated right-side tire, while the Craftsman Truck Series returns to a familiar road course setup at Lime Rock Park.
Here’s what fans should know before the weekend begins.
For Sunday’s Quaker State 400 Available at Walmart, Cup Series teams will race on the same tire combination used during the spring event at EchoPark Speedway.
The setup includes the unique right-side tire Goodyear introduced earlier this season specifically for the demands of racing at the Georgia drafting track.
2 months ago
Dark clouds rolled over Chicagoland Speedway on Saturday, but the biggest storm facing NASCAR teams isn’t in the forecast.
It’s the strategic gamble that could decide Sunday’s Cup Series race.
Although Chicagoland hosted Cup Series races for nearly two decades before falling off the schedule after 2019, Sunday’s event marks the first time NASCAR’s Next Gen car will compete on the 1.5-mile oval. Seven years of aging pavement have transformed the racing surface, leaving crew chiefs with limited data and plenty of uncertainty heading into the 267-lap race.
That uncertainty has elevated one strategic question above all others: When should teams use their eight sets of Goodyear tires?
With an abrasive surface, unpredictable cautions and unknown tire wear over a long green-flag run, the answer could ultimately determine who leaves Chicagoland with the trophy.
It’s the strategic gamble that could decide Sunday’s Cup Series race.
Although Chicagoland hosted Cup Series races for nearly two decades before falling off the schedule after 2019, Sunday’s event marks the first time NASCAR’s Next Gen car will compete on the 1.5-mile oval. Seven years of aging pavement have transformed the racing surface, leaving crew chiefs with limited data and plenty of uncertainty heading into the 267-lap race.
That uncertainty has elevated one strategic question above all others: When should teams use their eight sets of Goodyear tires?
With an abrasive surface, unpredictable cautions and unknown tire wear over a long green-flag run, the answer could ultimately determine who leaves Chicagoland with the trophy.
3 months ago
New details have emerged about past allegations involving a Florida woman's dogs that police say mauled a neighbor to death.
And in a bizarre twist, a criminal investigation has been opened after three dogs were found dead at the travel trailer where mauling victim Jodi Cowan was living at the time of the fatal attack.
Deputies responded to a call on June 11 about a bad smell at the residence, said Tod Goodyear, public information officer of the Brevard County Sheriff's Office.
The "case is ongoing awaiting an examination of the dogs to determine the cause of death," Goodyear said. "Charges would depend on the outcome of the necropsies and the cause of death. The residence was under the control of the boyfriend of Cowan."
Florida Woman Mauled To Death By Dogs That Had Allegedly Terrorized Neighborhood, Owner Charged In Killing
And in a bizarre twist, a criminal investigation has been opened after three dogs were found dead at the travel trailer where mauling victim Jodi Cowan was living at the time of the fatal attack.
Deputies responded to a call on June 11 about a bad smell at the residence, said Tod Goodyear, public information officer of the Brevard County Sheriff's Office.
The "case is ongoing awaiting an examination of the dogs to determine the cause of death," Goodyear said. "Charges would depend on the outcome of the necropsies and the cause of death. The residence was under the control of the boyfriend of Cowan."
Florida Woman Mauled To Death By Dogs That Had Allegedly Terrorized Neighborhood, Owner Charged In Killing
