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 is a manufacturer of tires. Co. develops, manufactures, distributes and sells tires for various applications. Co. also manufactures and sells rubber-related chemicals for various applications. Co. is an operator of commercial truck service and tire retreading centers. Co. operates various retail outlets where it provides its products for sale to consumer and commercial customers and provides repair and other services. Co. operates its business through the following operating segments representing its regional tire businesses: Americas; Europe, Middle East and Africa; and Asia Pacific.
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Company Name: |
Goodyear Tire & Rubber Co. |
Stock buyback: |
GT buyback |
Website: |
www.goodyear.com |
Sector: |
Rubber & Plastics |
Number of ETFs Holding GT: |
47 |
Total Market Value Held by ETFs: |
$640.54M |
Total Market Capitalization: |
$3.39B |
% of Market Cap. Held by ETFs: |
18.91% |
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