| 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
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Is The Goodyear Tire & Rubber Company (NASDAQ:GT) A Volatile Stock?
on March 30, 2020 at 11:35 am
Anyone researching The Goodyear Tire & Rubber Company (NASDAQ:GT) might want to consider the historical volatility of... […]
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The Goodyear Tire & Rubber Company (GT): Hedge Funds Are Snapping Up
on March 30, 2020 at 2:51 am
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
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Goodyear Commercial Tire & Service Centers Remain Open Nationwide, Offer Free DOT Inspections to Keep Fleets on the Road
on March 26, 2020 at 1:00 pm
In response to the economic impact from COVID-19 and to help keep fleets on the road to deliver needed products like medical supplies and groceries, Goodyear CTSC Truck Care Centers are offering free Department of Transportation (DOT) inspections, a value up to $120. These government-mandated inspections include a full review of the tractor and trailer, including brake systems, tires and wheels, exhaust systems, lighting and more. […]
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Goodyear Tire & Rubber Company (The) -- Moody's downgrades Goodyear's ratings, with CFR to B1; ratings placed under review for downgrade
on March 25, 2020 at 9:34 pm
Moody's Investors Service downgraded the ratings of The Goodyear Tire & Rubber Company ("Goodyear") including the corporate family and Probability of Default ratings to B1 and B1-PD, from Ba3 and Ba3-PD, respectively; Goodyear's senior secured second-lien term loan, to Ba2 from Ba1; senior unsecured guaranteed notes to B2 from B1, senior unsecured unguaranteed notes to B3 from B2; and Goodyear Europe B.V.'s senior unsecured guaranteed notes to Ba3 from Ba2. The Speculative Grade Liquidity Rating remains SGL-3 The ratings are under review for downgrade. […]
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Goodyear stores to remain open Monday through Saturday
on March 23, 2020 at 9:17 pm
Goodyear Tire & Rubber Co. on Monday said Goodyear Auto Service and Just Tires stores will remain open, particularly to help law enforcement, first responders and others in essential roles such as doctors, nurses, and grocers. The stores will be open 8 a.m. to 5 p.m. Monday through Saturday, and closed on Sunday. Shares of Goodyear are down 70% in the last year. The broader S&P 500 index is down 20% in the last year. […]
NASDAQ: GT
