The Goodyear Tire & Rubber Company Buyback
OLI recorded this information on 2/9/2016
The Goodyear Tire & Rubber Company
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.
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Buy (2.67 out of 4)