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Last $28.40 USD
Change Today +0.035 / 0.12%
Volume 5.3M
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

goodyear tire & rubber co (GT) Snapshot

Open
$28.60
Previous Close
$28.37
Day High
$28.61
Day Low
$27.67
52 Week High
04/29/15 - $29.07
52 Week Low
10/15/14 - $18.87
Market Cap
7.7B
Average Volume 10 Days
4.2M
EPS TTM
$2.63
Shares Outstanding
269.9M
EX-Date
04/29/15
P/E TM
10.8x
Dividend
$0.24
Dividend Yield
0.85%
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

The Goodyear Tire & Rubber Company Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015; Reaffirms 2015-2016 Financial Targets

The Goodyear Tire & Rubber Company announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported net sales of $4,024,000, income before income taxes of $359,000, net income available to common shareholders of $224,000 or $0.82 per diluted share, total cash out flows from operating activities of $262,000, capital expenditures of $204,000, adjusted net income of $148,000 or $0.54 per diluted share compared to the net sales of $4,469,000, loss before income taxes of $30,000, net loss available to common shareholders of $58,000 or $0.23 per diluted share, total cash out flows from operating activities of $1,543,000, capital expenditures of $229,000, adjusted net income of $156,000 or $0.56 per diluted share for the same quarter a year ago. Results were influenced by certain significant items, most notably the recognition of deferred income associated with the termination of a licensing agreement related to former engineered products business. For the quarter, the company used $414 million of cash, improving about $100 million from the prior year, reflecting the increase in earnings. The company reaffirmed its 2015-2016 financial targets. For the year, the company expected segment operating income growth of between 10% and 15% per year. The company expected annual positive free cash flow from operations and, an adjusted debt to EBITDAP ratio of 2.0x to 2.1x. For the full year 2015, the company expects CapEx of $1.1 billion.

The Goodyear Tire & Rubber Company to Build Tire Factory in San Luis Potosi, Mexico

The Goodyear Tire & Rubber Company announced it will build a new tire factory in San Luis Potosi, Mexico to serve its customers in the Americas. The new factory, combined with investments in its existing U.S. and Canadian factories, will enable Goodyear to meet the strong and growing market demand for high-value-added consumer tires in North America and Latin America. Industry demand for HVA tires in these regions is expected to increase by 10 million tires per year from 2014 to 2019. The new factory, to begin production in mid-2017, will be Goodyear's most technologically advanced and have a capacity of about six million tires per year. When it reaches full production, the factory will employ about 1,000 people. Goodyear's selection of San Luis Potosi follows an extensive review of potential locations throughout the Americas. The review took into consideration factors including cost structure, logistics, infrastructure, skilled workforce, tariffs and quality-of-life issues. The new factory will reflect Goodyear's commitment to the environment. It will be a zero-waste-to-landfill and zero-solvent facility, and it will use natural gas, energy efficient LED lighting and dust collection equipment. Total capital investment for the project will be approximately $500 million to $550 million, net of government incentives, and is consistent with the company's existing capital allocation plan.

The Goodyear Tire & Rubber Company to Report Q1, 2015 Results on Apr 29, 2015

The Goodyear Tire & Rubber Company announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on Apr 29, 2015

 

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GT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Carlisle Cos Inc $97.49 USD +0.99
Isuzu Motors Ltd ¥1,593 JPY -1.00
LANXESS AG €48.82 EUR +1.05
Pirelli & C. SpA €15.46 EUR +0.01
Yokohama Rubber Co Ltd/The ¥1,279 JPY -10.00
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Industry Analysis

GT

Industry Average

Valuation GT Industry Range
Price/Earnings 3.0x
Price/Sales 0.4x
Price/Book 2.0x
Price/Cash Flow 2.8x
TEV/Sales NM Not Meaningful
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