$GT (The Goodyear Tire & Rubber Company)

$GT {{ '2016-04-27T13:15:30+0000' | timeago}} • Webcast

Akron, Ohio-based tire maker $GT said it reported record segment operating income of $419MM in 1Q16, which is an increase of 14% in core segment operating income. Volumes grew 3% in the quarter. The company stated the results are not only consistent with its expectations for 1Q16, but also with its long-term strategy.

$GT {{ '2017-07-28T16:27:01+0000' | timeago}} • Announcement

$GT's CEO Richard Kramer said, "In light of the challenging global marketplace in the first half of 2017, we have lowered our segment operating income expectations for the remainder of the year." Goodyear cut down its 2017 segment operating income target to a range of $1.60-1.65Bil from the prior estimate of approx $2Bil.

$GT {{ '2017-07-28T16:24:44+0000' | timeago}} • Announcement

Tire maker $GT reported a 27% slump in earnings for 2Q17, hurt by volatile raw material costs and challenging competitive environment. Net income stood at $147MM or $0.58 per share. Revenue fell 5% to $3.69Bil as the tire unit volumes dropped 10%. Adjusted earnings per share plunged 40% to $0.70 in the recent quarter.

$GT {{ '2017-07-28T13:34:37+0000' | timeago}} • Infographic

$GT The Goodyear Tire & Rubber Company Earnings AlphaGraphic: Q2 2017 Highlights

$GT {{ '2017-07-13T21:18:44+0000' | timeago}} • Announcement

Directors of $GT have declared a quarterly dividend of 10 cents per share of common stock. The dividend is payable September 1, 2017, to shareholders as on August 1, 2017. The payout represents an annual rate of 40 cents per share.

$GT {{ '2017-04-28T14:33:18+0000' | timeago}} • Webcast

When asked about the second price increase in North America business, $GT said that it analyzed the raw materials costs and the value proposition and increased the pricing. In 1Q17, the raw material costs increased 19% year-over-year and increased over 20% in 2Q17, the company added.

$GT {{ '2017-04-28T12:03:58+0000' | timeago}} • Announcement

$GT confirmed its 2017 segment operating income guidance of about $2Bil and its 2020 financial targets and capital allocation plan. The BoD has declared a quarterly dividend of 10 cents per share, payable on June 1, 2017, to shareholders of record on May 1, 2017.

$GT {{ '2017-04-28T12:02:49+0000' | timeago}} • Announcement

$GT's tire volumes for 1Q17 declined 4% to $40MM from last year. Original equipment unit volume was down 8%, primarily driven by lower U.S. auto production in 1Q17 and very strong volumes in the U.S. and China during 1Q16. Replacement tire shipments were down 2%.

$GT {{ '2017-04-28T12:01:17+0000' | timeago}} • Announcement

$GT reported a drop in 1Q17 earnings due to the impact of lower volume and unabsorbed overhead. Net income fell to $166MM or $0.65 per share from $184MM or $0.68 per share last year. Net sales remained virtually unchanged at $3.7Bil. Adjusted EPS increased to $0.74 from $0.72.

$GT {{ '2017-04-17T12:40:42+0000' | timeago}} • Announcement

$GT said it will redeem all of its outstanding $700MM of 7.0% senior notes due 2022 on May 15, 2017. $GT plans to use net proceeds, with current cash and cash equivalents, to fund the redemption. The transactions will result in annual interest expense savings of about $15MM beginning in 2018. $GT still sees interest expense of $340-365MM for 2017.

$GT {{ '2017-04-11T14:24:01+0000' | timeago}} • Announcement

$GT's BoD declared a quarterly dividend of 10 cents per share of common stock. The dividend is payable on June 1, 2017 to shareholders of record on May 1, 2017. The payout represents an annual rate of 40 cents per share.

$GT {{ '2017-02-08T14:50:19+0000' | timeago}} • Webcast

$GT expects first half of 2017 to be softer due to unabsorbed overhead and the impact of the timing lag related to raw material indexed agreement. The company expects the growth to accelerate in the second half of 2017.

$GT {{ '2017-02-08T14:41:59+0000' | timeago}} • Webcast

$GT said the expansion of its existing facility in Pulandian, China will enable the company to produce an additional 3MM passenger and light truck tires annually. The ramp up of this incremental capacity will be completed in 2019.

$GT {{ '2017-02-08T14:25:32+0000' | timeago}} • Webcast

For 4Q16, $GT generated $1Bil in free cash flow from operations, driven by $833MM working capital benefit. Cash flow from operating activities was $1.3Bil. The company said that the strong cash generation during the quarter supported the repurchase of $300MM of common stock.

$GT {{ '2017-02-08T14:16:19+0000' | timeago}} • Webcast

Tire maker $GT said core segment operating income for 2016 grew to a record $2Bil, marking the fourth consecutive year of delivering record core segment operating income.

$GT {{ '2017-02-08T13:08:14+0000' | timeago}} • Announcement

$GT's BoD declared a quarterly dividend of 10 cents per share, payable on March 1, 2017 to shareholders of record on Feb. 1, 2017. On Feb. 2, 2017, the BoD authorized a $1Bil increase in the share repurchase program, bringing the total authorization to $2.1Bil.

$GT {{ '2017-02-08T13:05:51+0000' | timeago}} • Announcement

$GT expects flat segment operating income in 2017 compared to 2016, as a result of continued escalation of raw material costs and the timing of the corresponding contractual adjustments to pricing with certain of its customers. $GT has confirmed its 2020 financial targets and capital allocation plan, which were announced on Sept. 15, 2016.

$GT {{ '2017-02-08T13:03:41+0000' | timeago}} • Announcement

$GT's tire unit volumes for 4Q16 totaled 41.1MM, down 2% from last year. Replacement tire shipments were down 1%. Original equipment unit volume was down 7%, driven in part due to weakness in the U.S. commercial truck market.

$GT {{ '2017-02-08T13:00:22+0000' | timeago}} • Announcement

$GT swung to a 4Q16 profit from a loss last year, driven by last year's loss on deconsolidation of Venezuelan subsidiary. Net income was $561MM or $2.14 per share compared to a loss of $380MM or $1.42 per share last year. Net sales fell to $3.74Bil from $4.06Bil. Adjusted EPS rose to $0.95 from $0.93.

$GT {{ '2017-01-13T14:58:36+0000' | timeago}} • Announcement

$GT declared a quarterly dividend of $0.10 per share of common stock, payable March 1, 2017, to shareholders of record on February 1, 2017. The payout represents an annual rate of $0.40 per share.

$GT {{ '2016-10-28T14:42:04+0000' | timeago}} • Webcast

Regarding the variable profit, $GT said commercial truck on average is about $60 a tire, and consumer is about $18 a tire.

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