Goodyear to Present at Morgan Stanley Investor Conference

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AKRON, OhioSept. 3, 2019 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today said it will webcast its presentation at the 2019 Morgan Stanley Investor Conference in Laguna, California, on Sept. 11, 2019.

Darren R. Wells, executive vice president and chief financial officer, will provide a business overview. A live, audio-only webcast of the presentation will be available at 12:20 p.m. EDT (9:20 a.m. PDT) on the company’s investor relations website: http://investor.goodyear.com. A replay of the webcast will be available following the event.

Read the source article at PR Newswire

GM earnings Q2 2019 beats expectations

General Motors beat analyst estimates for the second quarter Thursday with strong sales in North America leading the way. Its stock gained 3% from Wednesday’s close of $40.34 a share. Here’s what GM reported against average analysts’ estimates compiled by Refinitiv: GM reported second-quarter net income of $2.41 billion or $1.66 per share, compared with $2.39 billion or $1.66 per share a year earlier. Excluding one-time items, GM reported earnings of $1.64 per share.

Read the source article at cnbc.com

U.S. Silica Holdings, Inc. Announces Second Quarter 2019 Results

KATY, Texas, July 30, 2019 /PRNewswire/ — U.S. Silica Holdings, Inc. (NYSE: SLCA), a diversified industrial minerals company and the leading last mile logistics provider to the oil and gas industry (the “Company”), today announced net income of $6.2 million, or $0.08 per basic and…

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Prometeon amends & extends senior financing

Prometeon Tyre Group has signed an agreement for the amendment, restatement and extension of its 600 million euro senior financing, underwritten in March 2017, originally with a three-year duration. The new agreement allows the extension of the final maturity to March 2021 (with the possibility to further extend it to March 2022 at Prometeon’s discretion) at conditions in line with the current market.

Read the source article at Tyrepress

Trelleborg notes automotive sales decline in Q1 report

Trelleborg, Sweden – Trelleborg AB has seen a reduction in business from automotive-related customers during the first quarter of 2019, the company reported 26 April.

While sales grew 9% year-on-year to SEK9.38 billion (€884 million), Trelleborg said organic growth slowed at 1% compared to the preceding period.

Earnings (EBITDA) grew 1% to SEK1.38 billion, while EBIT margin fell to 13.8% from 15.1% in the prior-year first quarter.

Read the source article at European Rubber Journal

Conti earnings decline amid automotive slowdown

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Hanover, Germany — Continental Corp. has registered a 17.1% year-on-year decline in earnings on flat sales for the first quarter of 2019.

Adjusted EBITDA fell to €884 million for the first three months of the year, while sales grew 0.3% to €11 billion, Continental said in a release 26 April.

The company statement did not offer a breakdown of the business performance of its various divisions.

Read the source article at European Rubber Journal

Michelin shares surge after tyre maker pledges higher profits in 2019

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Shares in Michelin, which also reported better-than-expected results for 2018 late on Monday, were up 7.5 percent in early session trading. The stock was the best performer on France’s benchmark CAC-40 index.

“Michelin is able to sustain premium price points, while concurrently gaining market share – this is the perfect recipe for earnings growth,” analysts at Citigroup wrote in a note, keeping a “buy” rating on Michelin shares.

Read the source article at Stock Market Quotes and News

Continental Ag: A Speculative Buy – Continental Ag (OTCMKTS:CTTAF)

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Continental AG (OTCPK:CTTAF) is a high-quality German automotive manufacturing company specializing in tires and non-tire rubber products, auto parts, and future automotive technologies like autonomous driving and electric vehicle ecosystems. A confluence of factors, involving tariff threats from Trump, a cyclical slowdown in China, and production bottlenecks from EU emission regulations, has caused the stock to fall by almost 50%. The stock is now very cheap compared to its trading history, but the U.S. tariff threat looms large on the horizon. This article makes the argument for a speculative buy, where large gains could be made if U.S. tariffs don’t eventuate.

 

Read the source article at Stock Market Insights

David Herro Comments on Continental

Continental (XTER:CON)’s stock price has fallen due to industry-wide concerns about auto production volumes and tariffs, but we believe the company has superior end-market exposures and a lower risk profile than many of its peers. Continental’s tire business accounts for about 45% of the company’s earnings, and we find that it generates solid margins and returns relative to industry peers. Replacement tires account for a large portion of segment earnings and …

Read the source article at Value Investing

Goodyear Tire & Rubber : To Present At Morgan Stanley Investor Conference

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AKRON – The Goodyear Tire & Rubber Company today said it will webcast its presentation at the 2018 Morgan Stanley Laguna Conference in California on Sept. 14, 2018 . Richard J. Kramer , chairman, chief executive officer and president, will provide a business overview. A live, audio-only webcast of the presentation will be available at 11:45 a.m. EDT ( 8:45 a.m. PDT ) on the company’s investor relations website: http://investor.goodyear.com.

Read the source article at Stock Market Quotes and News