| Price Range 12mo avg: | $1M – $2.2M |
|---|---|
| $/sf 12mo avg: | $208.06 |
| CAP Rate 12mo avg: | 6.53% |
| NOI average: | $107,674 |
| Lease Terms: | 25yrs NNN |
| Building Size avg: | 9,200 SF |
| Lot Size avg: | 1+/- acres |
The Goodyear Tire & Rubber Company is one of the world’s leading manufacturers of tires, with one of the most recognizable brand names in the world and operations in most regions of the world. We have a broad global footprint with 50 manufacturing facilities in 22 countries, including the United States. We operate our business through four operating segments representing our regional tire businesses: North America; Europe, Middle East and Africa; Latin America; and Asia Pacific.
The Goodyear Tire & Rubber Company was founded in 1898 by Frank Seiberling and based in Akron, Ohio. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, SUVs, race cars, airplanes, farm equipment and heavy earth-mover machinery.
The company was named after Charles Goodyear, inventor of vulcanized rubber. The first Goodyear tires became popular because they were easily detachable and required little maintenance.
Goodyear is also known for the Goodyear Blimp. The first Goodyear blimp flew in 1925. Today it is one of the most recognizable advertising icons in America. The company is the most successful tire supplier in Formula One history, with more starts, wins, and constructors’ championships than any other tire supplier. They pulled out of the sport after the 1998 season. It is the sole tire supplier for NASCAR series.
| S&P Credit Rating: | BB- |
|---|---|
| Moody’s Credit Rating: | Ba3 |
| Annual Revenue 2014: | $18.1B |
| Annual Revenue 2013: | $19.5B |
| Revenue Growth: | ↓ 7.2% from 2013 |
| Net Income | $2.44 |
| Units (Dec. 2014) | 1,200 |
| Average Units Volume: | $15.1M |
Yahoo! Finance: GT News Latest Financial News for GT
-
Goodyear 400 To Debut At Darlington Raceway May 9
on April 14, 2021 at 2:00 pm
Darlington Raceway and Goodyear (NASDAQ: GT) today announced a partnership on the entitlement of the spring NASCAR Cup Series race as part of the Official Throwback Weekend of NASCAR on May 9. The official name of the race will be the Goodyear 400. […]
-
Goodyear Holds Virtual Annual Meeting, Elects Directors
on April 12, 2021 at 9:13 pm
The Goodyear Tire & Rubber Company (NASDAQ: GT) announced the election of 13 members to the Board of Directors for new one-year terms at the company's virtual annual shareholder meeting today. […]
-
Goodyear Europe B.V. -- Moody's assigns B2 rating to Goodyear's new senior unsecured guaranteed notes
on April 1, 2021 at 7:07 pm
Rating Action: Moody's assigns B2 rating to Goodyear's new senior unsecured guaranteed notesGlobal Credit Research - 31 Mar 2021NOTE: On April 1, 2021, the press release was corrected as follows: The methodology paragraph was corrected to The principal methodology used in these ratings was Automotive Supplier Methodology published in January 2020 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1170606. Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology. Revised release follows.New York, March 31, 2021 -- Moody's Investors Service (Moody's) assigned a B2 rating to The Goodyear Tire & Rubber Company's (Goodyear) proposed $1 billion senior unsecured guaranteed notes. Goodyear's existing ratings, including the B1 corporate family rating (CFR), the B1-PD Probability of Default rating, the Ba2 senior secured second-lien term loan rating, the B2 senior unsecured guaranteed notes rating and the B3 senior unsecured unguaranteed notes rating, as well as Goodyear Europe B.V.'s senior unsecured guaranteed notes rating of Ba3 are all unaffected. […]
-
Goodyear Announces Pricing Of $1 Billion Of Senior Notes
on April 1, 2021 at 11:45 am
The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its public offering of $550 million aggregate principal amount of senior notes due 2031 (the "2031 notes") and $450 million aggregate principal amount of senior notes due 2033 (the "2033 notes," and together with the 2031 notes, the "notes"). The notes will be senior unsecured obligations of the company. […]
-
Goodyear Tire & Rubber Company (The) -- Moody's assigns B2 rating to Goodyear's new senior unsecured guaranteed notes
on March 31, 2021 at 3:26 pm
Rating Action: Moody's assigns B2 rating to Goodyear's new senior unsecured guaranteed notesGlobal Credit Research - 31 Mar 2021New York, March 31, 2021 -- Moody's Investors Service (Moody's) assigned a B2 rating to The Goodyear Tire & Rubber Company's (Goodyear) proposed $1 billion senior unsecured guaranteed notes. Goodyear's existing ratings, including the B1 corporate family rating (CFR), the B1-PD Probability of Default rating, the Ba2 senior secured second-lien term loan rating, the B2 senior unsecured guaranteed notes rating and the B3 senior unsecured unguaranteed notes rating, as well as Goodyear Europe B.V.'s senior unsecured guaranteed notes rating of Ba3 are all unaffected. […]
NASDAQ: GT
