goodyear tire & rubber co
(GT:Consolidated Issue Listed on Nasdaq Glbl Slct Mrkt)
goodyear tire & rubber co (GT) Snapshot
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Open
$14.85
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Previous Close
$14.80
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Day High
$14.94
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Day Low
$14.28
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52 Week High
05/17/13 - $14.96
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52 Week Low
06/4/12 - $9.24
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Market Cap
3.6B
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Average Volume 10 Days
6.1M
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EPS TTM
$1.91
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Shares Outstanding
245.7M
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EX-Date
02/4/03
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P/E TM
7.6x
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Dividend
--
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Dividend Yield
--
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goodyear tire & rubber co (GT) Latest News
goodyear tire & rubber co (GT) Related Businessweek News
goodyear tire & rubber co (GT) Details
The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires and related products and services worldwide. 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. It sells tires under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands. The company is also involved in retreading truck, aviation, and off-the-road tires; manufacturing and selling tread rubber and other tire retreading materials; providing automotive repair services, and miscellaneous other products and services; and manufacturing and selling flaps for truck tires and other tires. In addition, it manufactures and markets chemical and natural rubber products. The company operates approximately 1,300 tire and auto service center outlets, where it offers its products for retail sale and provides automotive repair and other services. The Goodyear Tire & Rubber Company was founded in 1898 and is headquartered in Akron, Ohio.
goodyear tire & rubber co (GT) Top Compensated Officers
goodyear tire & rubber co (GT) Key Developments
The Goodyear Tire & Rubber Company announced the opening of its new Global Headquarters in Akron. The 639,000 square foot Global Headquarters building is home to nearly 2,000 corporate and North American Tire associates. The new building is connected to Goodyear's existing Innovation Center and serves as a central campus for the company in Akron.
General Motors Corp. has selected a variety of Goodyear Tire & Rubber Co. tires as original equipment fitments for 2014 Chevrolet Silverado and GMC Sierra models, which are among the most popular trucks available in North America. With a wide range of models -- regular, extended and crew cabs -- the trucks are used for many applications, and the tires selected are intended to match those varied uses. The 2014 Silverado and Sierra models are all-new and loaded with innovative features that help to achieve excellent fuel economy, more towing power, extensive interior comfort and much more. Depending upon the vehicle trim model, The Goodyear Tire & Rubber Company is supplying General Motors with the following tire models for the 2014 Silverado and Sierra trucks: Goodyear Wrangler SR-A in sizes P275/55R20 and P265/65R18. The Wrangler SR-A features WetTrac Technology for confident wet traction, all-terrain capabilities and a quiet ride. Goodyear Eagle GT II in size P285/50R20. Classic styling and all-season traction make this a popular sport performance tire. Goodyear Eagle LS2 in size P275/55R20. Features include all-season traction and a smooth, quiet ride. Goodyear Assurance CS Fuel Max in size P265/65R18. This is a fuel-efficient tire that features a Fuel Saving Tread Compound. Goodyear tires are on more new vehicles in North America than any other brand, including many from Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Infiniti, Jeep, Land Rover, Lincoln, Mercedes-Benz, Mitsubishi, Nissan, Porsche, Scion, Subaru, Toyota and Volkswagen.
Goodyear Tire & Rubber Co. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $4,853 million compared to $5,533 million a year ago. The decline was primarily related to an 8% reduction in unit volume and a 2% reduction due to foreign currency translation. The remainder of the decline is attributable to the company's chemical business as both volumes and commodity spot prices declined from the prior year. Income before income taxes was $50 million compared to $56 million a year ago. Net income was $31 million compared to $8 million a year ago. Net income available to common shareholders was $26 million or $0.10 per basic and diluted share compared to net loss available to common shareholders of $11 million or $0.05 per basic and diluted share a year ago. Total cash flows used in operating activities was $937 million compared to $754 million a year ago. Capital expenditures were $271 million compared to $276 million a year ago. Free cash flow used in operations (non-GAAP) was $276 million compared to free cash flow from operations (non-GAAP) of $1,310 million a year ago. The company continues to target positive cash flow in 2013, excluding pension pre-funding. The company remains confident in its full-year outlook and continues to expect global segment operating income of $1.4 billion to $1.5 billion in 2013, which would be up more than 12% from 2012 and a record.
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| GT:US | $14.50 USD | -0.30 | |
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Industry Analysis
GT
Industry Average
| Valuation | GT | Industry Range |
| Price/Earnings | 16.6x |
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| Price/Sales | 0.2x |
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| Price/Book | 100.5x |
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| Price/Cash Flow | 14.5x |
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| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Seattle, WA | GoodyearPosted: May 22
- Farmingdale, NY | Goodyear Tire & RubberPosted: May 22
- Homer Glen, IL | GoodyearPosted: May 22
- Danville, VA | Goodyear Tire & Rubber CompanyPosted: May 22
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To contact GOODYEAR TIRE & RUBBER CO, please visit www.goodyear.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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