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Last $30.29 USD
Change Today -0.16 / -0.53%
Volume 1.9M
GT On Other Exchanges
Symbol
Exchange
SIX Swiss Ex
Mexico
Frankfurt
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

goodyear tire & rubber co (GT) Snapshot

Open
$30.59
Previous Close
$30.45
Day High
$30.75
Day Low
$30.07
52 Week High
06/1/15 - $32.74
52 Week Low
10/15/14 - $18.87
Market Cap
8.2B
Average Volume 10 Days
3.3M
EPS TTM
$2.29
Shares Outstanding
269.9M
EX-Date
04/29/15
P/E TM
13.2x
Dividend
$0.24
Dividend Yield
0.79%
Current Stock Chart for GOODYEAR TIRE & RUBBER CO (GT)

goodyear tire & rubber co (GT) Details

The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products and services in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands. It also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; manufactures and sells rubber-related chemical products; and provides automotive repair services, and miscellaneous other products and services. The company operates approximately 1,200 tire and auto service center outlets, where it offers products for retail sale, and provides automotive repair and other services. The Goodyear Tire & Rubber Company also sells its products though franchisees. The company was founded in 1898 and is headquartered in Akron, Ohio.

67,000 Employees
Last Reported Date: 02/17/15
Founded in 1898

goodyear tire & rubber co (GT) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $508.3K
Senior Vice President of Global Operations
Total Annual Compensation: $541.7K
President of Europe, Middle East & Africa Bus...
Total Annual Compensation: $610.0K
President of North American Tire
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

goodyear tire & rubber co (GT) Key Developments

Goodyear Plans to Close its UK Manufacturing Plant; to Restructure Operations at its Tyre Production Plants

Goodyear has announced plans to close its only UK manufacturing plant with the loss of hundreds of jobs. Unions fear all 330 workers at the Wolverhampton site will lose their jobs. The company will also improve efficiency by locating mixing operations at its tyre production plants across the EMEA (Europe, Middle East and Africa) region.

The Goodyear Tire & Rubber Company and Sumitomo Rubber Industries Ltd. Reach Agreement to Dissolve Global Alliance

The Goodyear Tire & Rubber Company announced that it has reached agreement with Sumitomo Rubber Industries Ltd. (SRI) to dissolve the global alliance between the two companies. Goodyear and SRI formed the global alliance in 1999. It primarily consists of four joint venture operating companies, one each in North America and Europe, and two in Japan. The agreement announced, when closed, would resolve the pending arbitration filed in January 2014. The agreement enables both companies to avoid the cost and uncertainty of the arbitration process. Under the terms of the agreement, Goodyear will pay SRI $271 million upon closing of the transaction, which is expected in the fourth quarter of 2015. The transaction does not impact the company's existing 2015 and 2016 financial targets or capital allocation plan. The outlay is included in the approximately $600 million designated for restructurings under the capital allocation plan. In addition, Goodyear will repay a pre-existing debt of approximately $55 million to SRI within three years from the date of closing. As a result of the agreement, Goodyear will also sell its 3.4 million shares of SRI common stock. Goodyear expects the transaction to be accretive to its earnings beginning in the first quarter of 2016, related mainly to the elimination of minority interest in GDTE. Based on the company's 2015 operating plan, the annual benefit to adjusted net income would be approximately $40 million to $50 million (15-18 cents per share). The transaction is subject to customary closing conditions, including the receipt of regulatory approvals as well as SRI's completion of a labor agreement with the United Steelworkers union for the Tonawanda plant.

Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Company - Special Call

To dissolve the global alliance between the two companies

 

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Industry Analysis

GT

Industry Average

Valuation GT Industry Range
Price/Earnings 3.2x
Price/Sales 0.5x
Price/Book 2.2x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
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