The Goodyear Tire & Rubber Company

The Goodyear Tire & Rubber Company

The Goodyear Tire & Rubber Company

Overview
Date Founded

1998

Headquarters

200 Innovation Way, Akron, OH, 44316-0001, USA

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

Chairman, Chief Executive Officer & President

Assistant Secretary & Associate General Counsel

Assistant Secretary & Associate General Counsel

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Chief Technology Officer & Vice President

Chief Human Resources Officer & Senior Vice President

Chief Procurement Officer

President-Europe, Middle East & Africa

Board of Directors

Former Chairman, Chief Executive Officer & President at The Goodyear Tire & Rubber Company

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

Senior Advisor at Crestview LLC

Operating Partner at Advent International Corp.

Former Director & Chief Executive Officer at Libbey, Inc.

Former Chief Operating Officer & Senior Vice President at United Parcel Service, Inc.

Former Chief Strategy Officer at Xerox Corporation

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.

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Owners & Shareholders
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Established in 2000, Diamond Hill Capital Management, Inc. is a registered investment adviser based in Columbus, Ohio. It is independent and publicly owned, listed on NASDAQ (ticker symbol: DHIL) and included in the Russell 2000 Index. Diamond Hill manages five long-only equity strategies, three alternative equity strategies and a fixed income strategy. Our client base includes institutions, financial intermediaries and individuals. Assets under management as of February 28, 2013 were $10.2 billion.

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Hotchkis & Wiley Capital Management (H&W) offers value equity investment strategies across the market-cap spectrum, as well as strategies that emphasize income generation. The firm's investment focus is on equity securities, fixed-income securities, options, derivatives and other securities, depending on the investment objective of the client. They seek to invest in stocks whose future prospects are misunderstood or are not fully recognized by the market. The firm employs a fundamental value approach which seeks to exploit market inefficiencies created by irrational investor behavior. They employ a disciplined, bottom-up investment process based on rigorous, internally-generated fundamental research.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, but will range from 60%/40% (high yield/equity) to 40%/60% (high yield/equity) in most market environments.

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Lyrical Asset Management Investments 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.LAM begins with a universe of the top US 1,000 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.For Lyrical Long-Only Partners, LAM uses the same screening process and the same general investment methodology as they use for long positions. They also seek to sell short overvalued securities which can be bought to cover when their stock price declines to the price target. For Lyrical US Hedged Value Fund (LYRHX), they generally sell short sector-specific ETFs to hedge market exposures from LYRHX's long positions. Lyrical doesn't attempt to time the markets, or focus on weightings relative to any index.

Recent Transactions
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Goodyear Dunlop Tyres UK Ltd., The Goodyear Tire & Rubber Company 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 Carlyle Group LP (Corporate Private Equity) purchases Veyance Technologies, Inc. from The Goodyear Tire & Rubber Company

Legal Advisor

Advised on purchases The Goodyear Tire & Rubber Company

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.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Co-Chair, Strategic Sourcing & Technology Transactions Practice Group at Gibson, Dunn & Crutcher 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.

Toyota Motor Corp. engages in the manufacture and sale of motor vehicles and parts. It operates through the following segments: Automotive Operations, Financial Services, and All Other. The Automotive Operations segment designs, manufactures, assembles and sells passenger cars, minivans, trucks, and related vehicle parts and accessories. It is also involved in the development of intelligent transport systems. The Financial Services segment offers purchase or lease financing to Toyota vehicle dealers and customers. It also provides retail leasing through lease contracts purchase by dealers. The All Other segment deals with the design and manufacture and sale of housing, telecommunications and other businesses. The company was founded by Kiichiro Toyoda on August 28, 1937 and is headquartered in Toyota, Japan.

Former Professional at The Blackstone Group LP

Key Stats and Financials As of 2017
Market Capitalization
$5.45B
Total Enterprise Value
$13B
Earnings Per Share
$1.37
Revenue
$15.4B
EBITDAMargin
14.16%
Total Debt
$5.73B
Total Equity
$4.85B
Net Profit
$346M
EBITDA
$2.18B
Three Year Compounded Annual Growth Rate Of Revenue
-5.36%
Five Year Compounded Annual Growth Rate Of Revenue
-6.04%
Enterprise Value Sales
0.85x
Enterprise Value EBITDAOperating
5.99x
TEVNet Income
37.69x
Debt TEV
0.44x
Non-Profit Donations & Grants
$1,000 +
2017
$1,000 +
2015
$1,000 +
2014
Investments
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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, Ohio

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.

Continental AG Auto Parts & Tires - Hannover, NI

Continental AG is a holding company, which engages in the manufacture and sale of soft rubber products, rubberized fabrics, and solid tires. It operates through the following segments: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, and Other or Consolidation. The Chassis and Safety segment develops, produces, and markets intelligent systems to improve driving safety and vehicle dynamics. The Powertrains segment integrates system solutions for the powertrains. The Interior segment provides information management for vehicles; and develops and produces communication, and network solutions. The Tires segment offers reduction of fuel consumption by minimizing rolling resistance. The ContiTech segment covers the development, manufacture, and market of products for the machine and plant engineering, mining, and automotive industry. The Other or Consolidation segment represents the centrally managed subsidiaries and affiliates including holding, financing, and insurance companies. The company was founded on October 8, 1871 and is headquartered in Hanover, Germany.

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