Last $28.08 USD
Change Today +0.32 / 1.15%
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As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

goodyear tire & rubber co (GT) Key Developments

Goodyear Appoints Jean-Denis Perche as New General Manager for Middle East and Africa Region

Goodyear has announced Jean-Denis Perche as the new general manager for the Middle East and Africa region. Perche is expected to strengthen existing relationships, build on the technical experience that exists within the region and a keen understanding of the diversity that permeates the Middle East and Africa. In 2004 he came back to Goodyear Dunlop Tyres France as brand manager Dunlop. He then took over the marketing director position in 2007 before moving on to head the Consumer Tyres Division in April 2010 until his recent move to the MEA region.

The Goodyear Tire & Rubber Company Presents at Goldman Sachs Global Industrials Conference, Nov-12-2014 09:20 AM

The Goodyear Tire & Rubber Company Presents at Goldman Sachs Global Industrials Conference, Nov-12-2014 09:20 AM. Venue: InterContinental, 510 Atlantic Ave., Boston, Massachusetts, United States. Speakers: Laura K. Thompson, Chief Financial Officer and Executive Vice President.

The Goodyear Tire & Rubber Company Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Earnings Guidance for the Financial Year 2014-2016; Provides CapEx Guidance for the Year 2015

The Goodyear Tire & Rubber Company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's sales were $4,657 million against $5,002 million a year ago. Income before income taxes was $299 million against $249 million a year ago. The company’s net income available to common shareholders was $161 million or $0.58 per basic and diluted share against $166 million or $0.62 per diluted share a year ago. Adjusted net income (non-GAAP) was $242 million or $0.87 per share against $190 million or $0.68 per share a year ago. Sales were negatively impacted by $137 million in unfavorable foreign currency translation. For the nine months, the company's sales were $13,782 million against $14,749 million a year ago. Income before income taxes was $561 million against $555 million a year ago. The company’s net income available to common shareholders was $316 million or $1.15 per diluted share against $372 million or $1.43 per diluted share a year ago. Total cash flows used in operating activities was $939 million against $298 million a year ago. Capital expenditures were $634 million against $734 million a year ago. Adjusted net income (non-GAAP) was $621 million or $2.22 per share against $517 million or $1.87 per share a year ago. Net debt remained at $5.1 billion. The company reaffirmed its 2014-2016 financial targets, which include: Segment operating income growth of between 10% and 15% per year, annual positive free cash flow from operations and, an adjusted debt to EBITDAP ratio of 2.0x to 2.1x. The company now anticipates segment operating income growth in 2014 will be near the high end of the 10% to 15% range. Based on year-to-date performance, the company now expects unit volumes to be flat to up 1% for 2014 over 2013. In 2015, the company expects CapEx to be about $1.2 billion, consistent with previously announced capital allocation plan.

The Goodyear Tire & Rubber Company to Report Q3, 2014 Results on Oct 29, 2014

The Goodyear Tire & Rubber Company announced that they will report Q3, 2014 results at 9:00 AM, US Eastern Standard Time on Oct 29, 2014

The Goodyear Tire & Rubber Company, Q3 2014 Earnings Call, Oct 29, 2014

The Goodyear Tire & Rubber Company, Q3 2014 Earnings Call, Oct 29, 2014

 

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GT

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Valuation GT Industry Range
Price/Earnings 14.5x
Price/Sales 0.4x
Price/Book 4.1x
Price/Cash Flow 13.8x
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