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Goodyear Tire & Rubber Co (GT.OQ)

GT.OQ on NASDAQ Stock Exchange Global Select Market

25.01USD
20 Jun 2018
Change (% chg)

$-0.02 (-0.08%)
Prev Close
$25.03
Open
$25.15
Day's High
$25.23
Day's Low
$24.83
Volume
410,039
Avg. Vol
982,627
52-wk High
$36.52
52-wk Low
$24.13

Latest Key Developments (Source: Significant Developments)

Goodyear Says CFO Laura Thompson To Retire In Q1 2019
Monday, 18 Jun 2018 

June 18 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR ANNOUNCES RETIREMENT OF CHIEF FINANCIAL OFFICER.GOODYEAR TIRE & RUBBER CO - CFO LAURA THOMPSON TO RETIRE IN Q1 OF 2019.GOODYEAR TIRE & RUBBER - HAS COMMENCED A SEARCH FOR THOMPSON'S SUCCESSOR.  Full Article

Goodyear Tire & Rubber Reports Q1 Adjusted Earnings Per Share Of $0.50
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.50.Q1 EARNINGS PER SHARE $0.31.Q1 SALES $3.8 BILLION VERSUS I/B/E/S VIEW $3.81 BILLION.Q1 EARNINGS PER SHARE VIEW $0.46 -- THOMSON REUTERS I/B/E/S.QTRLY TIRE UNIT VOLUMES TOTALED 39 MILLION, DOWN 2.5 PERCENT.CONFIRMS 2020 SEGMENT OPERATING INCOME TARGET OF $2.0-$2.4 BILLION.COMPANY REAFFIRMS 2018 SEGMENT OPERATING INCOME GUIDANCE OF $1.8-$1.9 BILLION EXCLUDING TIREHUB TRANSITION.  Full Article

Goodyear Forms JV With Bridgestone
Tuesday, 17 Apr 2018 

April 16 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR, BRIDGESTONE JOIN FORCES TO FORM U.S. NATIONAL TIRE DISTRIBUTOR.GOODYEAR TIRE & RUBBER CO SAYS JV WITH BRIDGESTONE TO BE CALLED TIREHUB LLC.GOODYEAR TIRE & RUBBER CO - TIREHUB WILL BE A 50-50 JOINT VENTURE BETWEEN GOODYEAR AND BRIDGESTONE.  Full Article

Goodyear Tire Says Preliminary Q4 Total Company Volume Up 2 Pct
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Goodyear Tire & Rubber Co ::GOODYEAR TIRE & RUBBER CO SAYS PRELIMINARY Q4 TOTAL COMPANY VOLUME UP 2% - PRESENTATION.GOODYEAR TIRE & RUBBER CO SAYS CURRENT ESTIMATE OF ABOUT $230 MILLION FOR ONE-TIME, NON-CASH TAX CHARGE IN Q4.GOODYEAR TIRE & RUBBER CO SAYS AT CURRENT SPOT RATES, SEE 2018 RAW MATERIAL TAILWIND OF $75 MILLION.GOODYEAR TIRE & RUBBER CO SAYS EXPECT 2018 SEGMENT OPERATING INCOME OF $1,800 MILLION - $1,900 MILLION.  Full Article

Goodyear Tire & Rubber sees FY 2017 capital expenditures‍​ about $800 mln– $900 mln
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Goodyear Tire & Rubber Co :Sees FY 2017 capital expenditures‍​ about $800 mln– $900 mln - presentation.Sees FY 2017 restructuring payments about $225 mln - presentation.  Full Article

Goodyear increases dividend on common stock 40 pct
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Goodyear Tire & Rubber Co :Goodyear increases dividend on common stock 40 percent.Increases FY dividend by 40 percent.Goodyear Tire & Rubber Co - ‍board has approved increase in quarterly common stock dividend to 14 cents per share from 10 cents per share​.  Full Article

Goodyear to redeem $700 mln in senior notes
Friday, 14 Apr 2017 

Goodyear Tire & Rubber Co : Goodyear will redeem $700 million in senior notes . Will redeem all of its outstanding $700 million in principal amount of 7.0% senior notes due 2022 on May 15, 2017 . Redemption price will be 103.50 percent of principal amount of notes being redeemed, plus accrued and unpaid interest to May 15, 2017 . To use proceeds from $700 million offering of 4.875% senior notes due 2027, with current cash and cash equivalents, to fund redemption . Transactions will result in annual interest expense savings of approximately $15 million beginning in 2018 .Continues to expect interest expense to range between $340 million and $365 million for 2017.  Full Article

Goodyear Tire to pay $1.75 mln after four fatal accidents at Danville plant
Friday, 10 Feb 2017 

: Virginia Department of Labor and Ministry - comprehensive settlement of VOSH cases reached following fatal accidents at Goodyear’s Danville plant . Virginia Department of Labor and Ministry-agreement provides for total of $1.75 million in penalties, $1 million of which will be paid by Goodyear to the Commonwealth .Virginia Department of Labor and Ministry-Virginia Occupational Safety and Health program announced agreement with Goodyear and United Steelworkers.  Full Article

Goodyear reports third quarter results for 2016
Friday, 28 Oct 2016 

Goodyear Tire & Rubber Co : Goodyear reports third quarter results for 2016, revises 2016 outlook . Q3 adjusted earnings per share $1.17 . Q3 earnings per share $1.19 . Q3 sales $3.8 billion versus I/B/E/S view $3.97 billion . Q3 earnings per share view $1.18 -- Thomson Reuters I/B/E/S . Company confirms 2020 targets and capital allocation plan . Goodyear tire & rubber co sees full-year 2016 total segment operating income to be between $2 billion and $2.025 billion . Goodyear tire & rubber co qtrly tire unit volumes totaled 42 million, flat with 2015 after adjusting for deconsolidation of Venezuela at end of 2015 . Goodyear says dissolution of global alliance with Sumitomo Rubber Industries negatively impacted volumes by 0.1 million units and sales by $11 million in Q3 . Goodyear says deconsolidation of Venezuela negatively impacted volumes by 0.4 million units, sales by $155 million and segment operating income by $39 million in quarter .Co says "our revised 2016 outlook reflects recent volatility impacting our u.s. Commercial truck tire business".  Full Article

Goodyear Tire & Rubber says granted Michael Morell's request for temporary leave of absence - SEC filing
Friday, 5 Aug 2016 

Goodyear Tire & Rubber Co :Effective Aug 3, board granted director Michael Morell's request for a temporary leave of absence from his duties - SEC filing.  Full Article

UPDATE 3-Goodyear profit drops on weak demand, higher raw material costs

April 25 Goodyear Tire & Rubber Co's quarterly profit dropped more than 50 percent due to weaker demand and it warned that higher raw-materials costs would weigh on the company for the remainder of the year, sending its shares down 5 percent.