$GT (The Goodyear Tire & Rubber Company)

$GT {{ '2016-05-11T12:43:53+0000' | timeago}} • Announcement

$GT said it priced its offering of $900MM aggregate principal amount of 10-year senior notes, and it is expected to close on May 13, 2016, subject to customary closing conditions. The net proceeds, together with current cash and cash equivalents, are intended to redeem in full $GT's $900MM aggregate principal amount of 6.5% senior notes due 2021.

$GT {{ '2018-01-18T20:04:58+0000' | timeago}} • Announcement

$GT is launching an advanced tire maintenance pilot program with STRATIM, a San Francisco-based startup whose technology platform oversees fleet maintenance for vehicles. The new program will leverage $GT’s artificial intelligence technology to help STRATIM’s clients predict when tires need service or replacement to improve tire management.

$GT {{ '2017-10-27T13:56:32+0000' | timeago}} • Infographic

$GT The Goodyear Tire & Rubber Company Earnings AlphaGraphic: Q3 2017 Highlights

$GT {{ '2017-10-27T12:26:04+0000' | timeago}} • Announcement

$GT expects FY17 segment operating income to be approx $1.5Bil. In 3Q17, segment operating income fell 36% to $357MM, driven by higher raw material costs.

$GT {{ '2017-10-27T12:21:54+0000' | timeago}} • Announcement

$GT's 3Q17 sales were $3.9Bil, up from $3.8Bil a year ago, primarily due to improved price/mix. Revenue per tire increased 5% over the 2016 quarter, excluding the impact of foreign currency translation. Meanwhile, tire unit volumes totaled 39.8MM, down 5% YoY.

$GT {{ '2017-10-27T12:18:15+0000' | timeago}} • Announcement

Tyre maker $GT's earnings fell about 60% in 3Q17 to $129MM, or 50 cents per share. The earnings were hurt by numerous factors including lower consumer replacement volumes, production cuts by automakers and 30% higher raw material input costs. On an adjusted basis, earnings fell 43% to $177MM, or 70 cents per share.

$GT {{ '2017-10-11T14:48:11+0000' | timeago}} • Announcement

$GT's BoD approved an increase in its quarterly common stock dividend from 10 cents to 14 cents per share. This 40% increase represents an annual rate of 44 cents per share for 2017 and 56 cents per share for 2018. The dividend is payable on Dec. 1, 2017, to shareholders of record on Nov. 1, 2017.

$GT {{ '2017-09-20T12:14:32+0000' | timeago}} • Announcement

$GT has agreed to acquire Dorsten, Germany based automated tire inspection technology firm Ventech Systems. The transaction is expected to close in 4Q17.

$GT {{ '2017-09-19T11:09:42+0000' | timeago}} • Announcement

$GT said for its North America consumer business, it appointed Mike Dwyer as its chief marketing officer, and Mike Dauberman as chief digital officer, effective immediately. The newly appointed leaders will report to Scott Rogers, who was recently named as president, North America Consumer.

$GT {{ '2017-09-07T15:08:59+0000' | timeago}} • Announcement

$GT named new leaders in two of its strategic business units. Chris Delaney has been named President of Goodyear’s EMEA business unit, while Ryan Patterson has been named President of Asia Pacific business unit. Additionally, Scott Rogers has been appointed President, North America consumer.

$GT {{ '2017-08-18T11:49:05+0000' | timeago}} • Announcement

Tire company $GT appointed Christopher Helsel as VP and Chief Technology Officer, effective September 1, 2017. Helsel, who joined Goodyear in 1996, was named global Director of Technology after four years. He went on to become Director of Technology Programs, and later leader of the company’s commercial truck tire retread business in North America.

$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.

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