Last €24.24 EUR
Change Today -0.205 / -0.84%
Volume 100.0
GT On Other Exchanges
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As of 4:45 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

goodyear tire & rubber co (GT) Snapshot

Open
€24.31
Previous Close
€24.45
Day High
€24.32
Day Low
€24.24
52 Week High
02/26/15 - €24.53
52 Week Low
10/15/14 - €14.85
Market Cap
6.5B
Average Volume 10 Days
323.3
EPS TTM
--
Shares Outstanding
269.6M
EX-Date
01/29/15
P/E TM
--
Dividend
€0.24
Dividend Yield
0.75%
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: $321.7K
Senior Vice President of Global Operations
Total Annual Compensation: $525.0K
President of Europe, Middle East & Africa Bus...
Total Annual Compensation: $567.9K
President of North American Tire
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

goodyear tire & rubber co (GT) Key Developments

The Securities and Exchange Commission Announces the Settlement with Goodyear Tire & Rubber Co

The Securities and Exchange Commission announced the settlement with Goodyear Tire & Rubber Co. The SEC said that Goodyear's subsidiaries in the African countries paid more than $3.2 million in bribes to employees of government-owned and private companies, and to local officials. The agency says that the bribes, paid "routinely" from 2007 through 2011, were hidden in company books by being falsely recorded as legitimate business expenses. Goodyear neither admitted nor denied the allegations. The company is turning over about $14 million in alleged illicit profits plus $2 million in interest. The SEC said the settlement amount took into account Goodyear having reported the problems to regulators, taking steps to correct them and cooperating with its investigation. In addition, Goodyear agreed to report to the SEC its progress in strengthening anti-bribery programs over the next three years. Goodyear voluntarily reported to the government the findings of its internal review of the alleged conduct and cooperated in the federal investigation. The company said it continues to take corrective action and it encouraged employees to contact its confidential ethics hotline if they suspect improper conduct. Goodyear sold its ownership interest in the Kenya tire business in 2013 and is in the process of selling the Angolan business. The settlement "fully resolves all outstanding issues related to these investigations.

The Goodyear Tire & Rubber Company Elects Laurette T. Koellner to Board of Directors

Laurette T. Koellner, retired president of Boeing International, has been elected to the board of directors of The Goodyear Tire & Rubber Company. Koellner, 60, most recently served as executive chairman of International Lease Finance Corporation until its May 2014 sale to AerCap Holdings. Koellner is a director at Celestica Inc. and Papa Johns International Inc., serving on each company's audit committee.

The Goodyear Tire & Rubber Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reaffirms Earnings Guidance for 2015 and 2016

The Goodyear Tire & Rubber Company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter, net sales were $4.4 billion, compared to $4.8 billion a year ago. Sales were impacted by $256 million in unfavorable foreign currency translation and $181 million in lower sales volume in Europe, Middle East and Africa. Income before income taxes was $126 million against $258 million last year. Net income available to common shareholders was $2.1 billion or $7.68 per diluted share against $228 million or $0.84 per diluted share last year. Excluding certain significant items, adjusted net income was $166 million or 59 cents per diluted share. For the fourth quarter of 2013, excluding certain significant items, adjusted net income was $209 million or 74 cents per diluted share. For the year, net sales were $18.1 billion, compared to $19.5 billion in 2013. Sales were impacted by $571 million in unfavorable foreign currency translation. Income before income taxes was $687 million against $813 million last year. Net income available to common shareholders was $2.4 billion or $8.78 per diluted share against $600 million or $2.28 per diluted share in 2013. Excluding certain significant items, adjusted net income was $790 million or $2.83 per diluted share against $725 million or $2.63 per diluted share last year. Total cash flows from operating activities were $340 million against $938 million last year. Capital expenditures were $923 million against $1,168 million last year. The company reaffirmed its 2015-2016 financial targets, which include: segment operating income growth of between 10% and 15% per year and annual positive free cash flow from operations.

 

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Industry Analysis

GT

Industry Average

Valuation GT Industry Range
Price/Earnings 3.1x
Price/Sales 0.4x
Price/Book 2.0x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
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