The Goodyear Tire & Rubber Company

The Goodyear Tire & Rubber Company

The Goodyear Tire & Rubber Company

Overview
Date Founded

1998

Headquarters

200 INNOVATION WAY, DEPT 610, AKRON, OH, 443160001

Type of Company

Public

Employees (Worldwide)

64K

Industries

Auto Parts & Tires
Wholesale: Industrial Products & Manufacturing
Plastics & Synthetics
Internet Software & Services
Automobiles

Company Description

Goodyear Tire & Rubber Co. engages in the development, manufactures, distribution, and sale of tires and related products and services worldwide. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications. It operates through the following geographical segments: Americas; Europe, Middle East, and Africa; and Asia Pacific. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.

Contact Data
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Executives & Employees

Assistant Secretary & Associate General Counsel

Assistant Secretary & Associate General Counsel

Vice President, Commercial, Europe, Middle East & Africa

Executive Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Chief Technology Officer & Vice President

Chief Procurement Officer

President-Europe, Middle East & Africa

President, Americas

President, Asia Pacific

Board of Directors

Former President & Chief Executive Officer at Air Products & Chemicals, Inc.

Senior Advisor at Crestview LLC

Former Director & Chief Executive Officer at Libbey, Inc.

Operating Partner at Advent International LLC

Former Chief Strategy Officer at Xerox Corporation

Director at Solar Power Partners, Inc.

Global Chairman, Geopolitical Risk Practice at Beacon Global Strategies LLC

Former Executive Chairman, International Lease Finance Corporation at AIG

Chief Financial at Owens-Brockway Glass Container, Inc.

Commissioner at U.S.-China Economic & Security Review Commission

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Owners & Shareholders
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H&W employs an active, team-based investment approach driven by fundamental research and bottom-up security selection. The firm offers value equity investment strategies across the market-cap spectrum, as well as strategies that emphasize income generation. Their investment focus is on equity securities, fixed-income securities, options, derivatives and other securities, depending on the investment objective of the client. H&W seek to invest in stocks whose future prospects are misunderstood or are not fully recognized by the market. For investments in fixed income securities, H&W develops an outlook for credit markets, interest rates, currency exchange rates and the economy, analyzes individual credit and call risks, and uses other security selection techniques. The proportion of assets allocated to investment in securities with particular characteristics (such as quality, sector, interest rate or maturity) varies based on the firm's outlook for the US economy and the economies of other countries in the world, the financial markets and other factors. H&W's capital income strategies invest in equity and high yield fixed income securities that generate current income and are attractively valued. The allocation between high yield and equity can vary over time depending on where the firm identifies compelling opportunities. For hedged value strategy, H&W invests in long and short positions in securities consisting principally, but not solely, of publicly traded US and non-US equity and equity-related securities. The firm may also invest in preferred stocks, private securities, convertible securities, warrants, options (including covered and uncovered puts and calls and overthe-counter options), futures, swaps and other derivative instruments, bonds and other fixed income securities, ETFs, mutual funds and money market instruments. They also engages in short selling, margin trading, hedging and other investment strategies. H&W is a signatory to the United Nations-supported Principles for Responsible Investment (UNPRI).

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Lyrical Asset Management employs a value investment approach. They believe that a portfolio of companies with low valuations relative to their long-term normalized earnings power will outperform the overall market over time. The firm's philosophy is to invest only in businesses that they believe are of high quality. Investments are limited to publicly-traded equity securities and cash equivalents. Clients may impose restrictions on investing in certain securities or types of securities. Lyrical Asset Management begins with a universe of the top 1,000 US stocks (market-cap around $3 billion), and then uses a proprietary screen to generate investment candidates. The screen estimates a fair price for each stock applying a normalized multiple to an estimate of 5-year forward normalized earnings, which is calculated by taking the historical earnings trend line of a company and consensus estimates for future earnings and statistically extrapolating forward 5 years. Each portfolio candidate/stock idea goes through a fundamental research process. This process is designed to develop an understanding of the business, including drivers of growth and profitability, competitive advantages, position and leverage with customers and suppliers, historical and potential business threats/opportunities, and management style, objectives and incentives. Attractive investment ideas are considered for inclusion in the portfolio. These are companies where Lyrical believes the investment controversy to be temporary, where the underlying business has sufficient quality and durability, and where the discount in the stock price is large enough to compensate for the risks of the investment.

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Sound Shore Management focuses exclusively on value investing in mid-and large-cap US-listed equities and ADRs. Their investment approach is based on bottom-up fundamental research with a particular emphasis on stocks with low absolute and relative P/E ratios. Their portfolio holdings consist of approximately 40 percent equities and portfolio turnover is approximately 50 to 75 percent. When selecting securities and determining amounts, the firm has an investment restrictions of no derivative or short positions. Sound Shore Management is a signatory to the United Nations Principles for Responsible Investment. Nations Principles for Responsible Investment.

Recent Transactions
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The Goodyear Tire & Rubber Company, Goodyear Dunlop Tyres UK Ltd. purchase Easy Autocentres Ltd.

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The Goodyear Tire & Rubber Company purchases Ventech Systems GmbH from Grenzebach Verwaltungs GmbH

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The Goodyear Tire & Rubber Company purchases Goodyear Japan Ltd. from Sumitomo Rubber Industries Ltd.

Insider Transactions
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Transaction Advisors
Auditor

Advised onThe Goodyear Tire & Rubber Company issued Common Stock

Accountant

Advised onThe Goodyear Tire & Rubber Company purchases Brad Ragan Inc

Legal Advisor

Advised onThe Goodyear Tire & Rubber Company purchases Goodyear Japan Ltd. from Sumitomo Rubber Industries Ltd.

Legal Advisor

Advised onThe Goodyear Tire & Rubber Company purchases Goodyear Japan Ltd. from Sumitomo Rubber Industries Ltd.

Associate

Advised onThe Goodyear Tire & Rubber Company purchases Goodyear Japan Ltd. from Sumitomo Rubber Industries Ltd.

Legal Advisor

Advised onThe Carlyle Group LP (Corporate Private Equity) purchases Veyance Technologies, Inc. from The Goodyear Tire & Rubber Company

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Clients

Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.

Hyundai Motor Co., Ltd. engages in the manufacture and distribution of motor vehicles and parts. It operates through the following business areas: Vehicle, Financial and Others. The Vehicle division offers motor vehicles. The Financial division provides financing, leasing and credit cards. The Other division includes manufacture of railways. The company was founded on December 29, 1967 and is headquartered in Seoul, South Korea.

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Former Professional at The Blackstone Group LP

Key Stats and Financials As of 2018
Market Capitalization
$4.33B
Total Enterprise Value
$9.97B
Earnings Per Share
$2.9
Revenue
$15.5B
EBITDAMargin
12.52%
Net Profit
$693M
Total Equity
$5.07B
Total Debt
$5.76B
EBITDA
$1.94B
Enterprise Value Sales
0.64x
Enterprise Value EBITDAOperating
5.15x
TEVNet Income
14.39x
Debt TEV
0.58x
Non-Profit Donations & Grants
$1,000 +
2017
$1,000 +
2015
$1,000 +
2014
Investments
Details Hidden

Däckia AB retails automobile tires. It sells wheelbarrow to construction new and retread tires. The firm operates as a tire service chains and caters to individuals and companies throughout Sweden. The company was founded in 1965 and is headquartered in Taby, Sweden.

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ContiTech Rubber Co. Ltd. is a holding company that engages in the provision and manufacture of conveyor belts. Its products are used in coal mining, metallurgy, cement, harbor, power plants, chemical, and food industries. The firm offers various types of belts such as steel cord, solid woven, plied textile, impact weft steel cord (IW), heat resistant, pipe conveyor, and high pressure hose. The company was founded in November 2007, and is headquartered in Yanzhou, China.

Suppliers
Calumet Specialty Products Partners LP Oil & Gas | Indianapolis, IN

Calumet Specialty Products Partners LP engages in the production of specialty hydrocarbon products. It operates through the following the Specialty Products and Fuel Products segments. The Specialty Products segment produces a variety of lubricating oils, solvents, waxes, synthetic lubricants, and other products for automotive, industrial, and consumer goods; and includes synthetic lubricants used in manufacturing, mining, and automotive applications. The Fuel Products segment involves in processing of crude oil into a variety of fuel and fuel-related products, including unleaded gasoline, diesel, and jet fuel. The company was founded on September 27, 2005 and is headquartered in Indianapolis, IN.

CECO Environmental Corp. Power & Utilities | CINCINNATI, OH

CECO Environmental Corp. engages in the provision of engineering technology. It provides services in the field of environment, energy, fluid handling, and filtration. The company operates through the following segments: Environmental, Energy, and Fluid Handling & Filtration. The Environmental segment provides the design and manufacture of product recovery and air pollution control technologies that enable its customers to meet compliance targets to toxic emissions, fumes, volatile organic compounds, process and industrial odors such as cyclone systems, scrubbers, regenerative thermal and catalytic oxidizer, dust collectors and baghouses, standard and engineered industrial ducting, fabric filters, and cartridge collectors. The Energy segment provides solutions for the power and petrochemical industry such as gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, and others. The Fluid Handling & Filtration segment provides the design and manufacture of pump, filtration and fume exhaust solutions such as centrifugal pumps for corrosive, abrasive, and high temperature liquids, filter products for air and liquid filtration, precious metal recovery systems, carbonate precipitators, and technologically advanced air movement and exhaust systems. The company was founded by Phillip DeZwirek in 1966 and is headquartered in Dallas, TX.

Kolon Industries, Inc. Plastics & Synthetics | Gwacheon, GY

Since the first nylon production in Korea in 1957, KOLON Industries, Inc., formerly KOLON Corporation, has made a significant contribution to national economic growth, and is now an independent company separated from the Manufacturing Department of KOLON Corporation after the adoption of a holding company structure by the KOLON Group in 2010. Focusing on the four major business divisions, namely, industrial materials, chemical, films/electronic materials, and fashion, the company has become a leader in each industry. To become a top global chemical and materials company, KOLON Industries, Inc. is planning to globalize its businesses of automotive materials, advanced materials, optical films, chemical and fashion industries by increasing investment in high value products.

Competitors
Hankook Tire Co Ltd. Auto Parts & Tires - Seoul, SL

HANKOOK TIRE Co., Ltd. engages in the manufacture and sale of tires. Its operates through Automotive Parts and Others Business divisions. The Automotive Parts division provides tires and battery tubes for automobiles. The Others division offers rentals, research and development, services, and others. The company was founded on September 3, 2012 and is headquartered in Seoul, South Korea.

Pirelli & C. SpA Auto Parts & Tires - Milan, MI

Pirelli & C. SpA engages in manufacturing and marketing of tyres for motor and industrial vehicles & motorcycles. It operates through the Consumer Business and Industrial Business segments. The Consumer Business segment includes car and motorcycle tyres made for both the original equipment and replacement markets. The Industrial Business segment comprises truck tyres and tyres for agricultural equipment. The company was founded by Giovanni Battista Pirelli on January 28, 1872 and is headquartered in Milan, Italy.

Cooper Tire & Rubber Company Auto Parts & Tires - FINDLAY, OH

Cooper Tire & Rubber Co. engages in tire solutions. Its activities include design, manufacture, marketing and sales replacement tires focuses on passenger car, light truck, medium truck, motorcycle, and racing cars. It operates through the following geographical segments: North America, Latin America, Europe, and Asia. The North America segment consists of United States and Canada. The Latin America segment refers to Mexico, Central America, and South America. The company was founded by John F. Schaefer and Claude E. Hart in 1914 and is headquartered in Findlay, OH.

Awards & Honors
Rank #169
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #169
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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