The Goodyear Tire & Rubber Company (NASDAQ:GT) Q1 2024 Earnings Call Transcript

So expecting a decent market in the back half of the year. Even coming into the year, our thoughts were that we would see stronger growth in the back half than the first-half just knowing what we needed to move through as far as channel inventory, but we think the setup is good. ​ Specifically, if I take you through a little bit of the region, because that may be helpful, too, the Americas should have really good OE growth in the back half. That’s our Goodyear specific mix of fitments. So we’ll gain share. We talked about that earlier. And then in EMEA, I mentioned this earlier, to winter tire inventories down 40%, it is very low level. So should it indicate a good restocking for us in the third quarter. And Asia-Pacific has just continued to see growth.

We have some tougher comps in OE in the second-half, but replacement should still be pretty positive for us. So feeling good about volume, price/mix in the second-half. And then Mark helped you through some of the new product introductions. And a lot of that is kind of two things happening, one, we’re releasing new products, sort of, opening up the aperture on the SKU portfolio, the number of SKUs that we’re offering at the more premium end of the market and then rationalizing SKUs at the lower end, which is all really supportive of mix as well.

Itay Michaeli: Terrific. That’s all very, very helpful. Thank you.

Christina Zamarro: You’re welcome.

Operator: Thank you. And this will conclude our Q&A session as well as our conference call. Thank you all for your participation, and you may disconnect at any time.