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Goodyear Tire & Rubber Co (GT.OQ)

GT.OQ on NASDAQ Stock Exchange Global Select Market

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Goodyear Q2 earnings per share $0.75
Wednesday, 27 Jul 2016 

Goodyear Tire & Rubber Co : Reaffirms 2016 financial targets . Qtrly tire unit volumes totaled 41.5 million, up 2 percent from 2015 . Sets quarterly dividend of $0.07 per share . Goodyear reports second quarter, first half results . Q2 adjusted earnings per share $1.16 excluding items . Q2 earnings per share $0.75 . Q2 sales $3.9 billion versus I/B/E/S view $3.92 billion . Q2 earnings per share view $1.03 -- Thomson Reuters I/B/E/S . Company reaffirms 2016 financial targets .FY 2016 earnings per share view $3.94, revenue view $15.70 billion -- Thomson Reuters I/B/E/S.  Full Article

Goodyear sets quarterly dividend of $0.07/share
Wednesday, 13 Jul 2016 

Goodyear Tire & Rubber Co :Sets quarterly dividend of $0.07 per share.  Full Article

Goodyear Tire & Rubber to redeem $900 mln in senior notes
Friday, 13 May 2016 

Goodyear Tire & Rubber Co : Goodyear will redeem $900 million in senior notes . Will redeem all of its outstanding $900 million in principal amount of 6.5 pct senior notes due 2021 on June 13 , 2016 . Says continues to expect interest expense to range between $350 million and $375 million for 2016 .Transactions will result in annual interest expense savings of approximately $14 million.  Full Article

Goodyear prices offering of $900 mln aggregate principal amount of 10-year senior notes
Wednesday, 11 May 2016 

Goodyear Tire & Rubber Co : Priced its offering of $900 million aggregate principal amount of 10-year senior notes . Notes will be offered to public at a price of 100% of principal amount and will bear interest at a rate of 5.0% per annum .Goodyear announces pricing of $900 million of senior notes.  Full Article

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Goodyear cuts 2017 forecast amid higher raw material costs

Goodyear Tire & Rubber Co , the largest U.S. tire maker, lowered its full-year forecast for the third time this year, amid weak demand and higher costs of raw materials such as oil and rubber.