Last $332.00 MXN
Change Today 0.00 / 0.00%
Volume 0.0
GT* On Other Exchanges
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As of 4:09 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

goodyear tire & rubber co (GT*) Snapshot

Open
$332.00
Previous Close
$332.00
Day High
$332.00
Day Low
$332.00
52 Week High
06/30/14 - $361.27
52 Week Low
08/30/13 - $268.00
Market Cap
91.4B
Average Volume 10 Days
152.0
EPS TTM
--
Shares Outstanding
275.3M
EX-Date
07/30/14
P/E TM
--
Dividend
$0.24
Dividend Yield
0.83%
Current Stock Chart for GOODYEAR TIRE & RUBBER CO (GT*)

goodyear tire & rubber co (GT*) Details

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, markets, and distributes tires, and related products and services in the United States and internationally. 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 rubber-related chemicals. It operates approximately 1,240 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.

69,000 Employees
Last Reported Date: 02/13/14
Founded in 1898

goodyear tire & rubber co (GT*) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
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 Goodyear Tire & Rubber Company Appoints Richard Kellam as Senior Vice President, Global Sales and Marketing, Effective September 22, 2014

The Goodyear Tire & Rubber Company announced the appointment of Richard Kellam as senior vice president, global sales and marketing, effective September 22. Kellam will report to Richard J. Kramer, Goodyear's chairman and chief executive officer, and will be based at the company's global headquarters here. As Goodyear's senior sales and marketing executive, Kellam will be responsible for establishing a program of sales and marketing excellence aligned with the company's focus on working from the market back to enhance the customer and consumer experience. Kellam, 53, joins Goodyear with more than 28 years' experience in key sales and marketing leadership roles in global companies. Since 2009, he has served as global chief customer officer with Mars Incorporated.

the Goodyear Tire & Rubber Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year 2014; Provides Tax Rate Guidance for 2015

The Goodyear Tire & Rubber Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's sales were $4,656 million against $4,894 million a year ago. Income before income taxes was $292 million against $256 million a year ago. Net income was $232 million against $193 million a year ago. Goodyear net income was $213 million against $188 million a year ago. Goodyear net income available to common shareholders was $213 million or $0.76 diluted per share against $181 million or $0.67 diluted per share a year ago. Capital expenditures were $212 million against $222 million a year ago. Cash flow from operating activities was $409 million against $475 million a year ago. Adjusted net income was $225 million or $0.80 per share against $209 million or $0.76 per share a year ago. For the six months, the company's sales were $9,125 million against $9,747 million a year ago. Income before income taxes was $262 million against $306 million a year ago. Net income was $194 million against $224 million a year ago. Goodyear net income was $162 million against $221 million a year ago. Goodyear net income available to common shareholders was $155 million or $0.58 diluted per share against $206 million or $0.79 diluted per share a year ago. Total cash flows used in operating activities was $1,134 million against $462 million a year ago. Capital expenditures were $441 million against $493 million a year ago. 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. Additionally, the company continues to expect a 2% to 3% increase in unit volumes for 2014 over 2013. For the year, the company now expects interest expense in the range of $415 million to $435 million, a slight improvement versus the prior outlook. Full year income tax rate is expected to be approximately 25% of international SOI. The outlook for depreciation was increased slightly to approximately $725 million for the year. If the valuation allowance is released in 2014, the expected increase in annual tax expense for 2015 and beyond would be approximately $150 million per year or a 35% tax rate.

The Goodyear Tire & Rubber Company Declares Quarterly Dividend, Payable on September 2, 2014

The directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of 6 cents per share of common stock. The dividend will be payable on September 2, 2014, to shareholders of record on August 1, 2014. The payout represents an annual rate of 24 cents per share.

 

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GT* Competitors

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Yokohama Rubber Co Ltd/The ¥923.00 JPY -9.00
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Industry Analysis

GT*

Industry Average

Valuation GT* Industry Range
Price/Earnings 12.9x
Price/Sales 0.4x
Price/Book 3.8x
Price/Cash Flow 12.3x
TEV/Sales NM Not Meaningful
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