The Goodyear Tire & Rubber Company Buyback
OLI recorded this information on 2/9/2016
Company:
The Goodyear Tire & Rubber Company
Buyback:
GT buyback
$Amount Authorized:
$1,100,000,000
Buyback Details:
Full-year Goodyear net income of $307 million, segment operating income exceeds $2 billion- Full-year tire unit volume up 3%, fourth quarter volume up 7%- North America full-year earnings up 38%, fourth quarter earnings up 16%, both records- Asia Pacific full-year earnings up 6%, fourth quarter earnings up 20%, both records- Full-year cash flows from operating activities of $1.7 billion- Company deconsolidates Venezuelan subsidiary, records one-time charge- Company increases share repurchase authorization $650 million to $1.1 billion
Goodyear Tire & Rubber develops, manufactures, distributes and sells tires and related products and services worldwide. Co. manufactures and markets various lines of rubber tires for: automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications. Co. manufactures and sells tires under the Goodyear, Dunlop, Kelly, Debica, Sava and Fulda brands and various other Goodyear owned house brands, and the private-label brands of certain customers. Co. operates its business through three operating segments representing its regional tire businesses: Americas; Europe, Middle East and Africa; and Asia Pacific.
GT SEC Filing Email Alerts Service
Open the GT Page at The Online Investor »
|
||||||||||||||||||||||||
Open the GT Page at The Online Investor (in a new window) »
|
|
Avg. Broker Rec.
  
|
Buy (2.67 out of 4) 12nd percentile
(ranked lower than approx. 88% of all stocks covered)
Analysts' Target Price: GT Stock Forecast Based on Zacks ABR data; powered by Xignite |
