Company profile

Ticker
GT
Exchange
CEO
Richard J. Kramer
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
340253240

GT stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

30 Apr 20
1 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 3.06B 3.71B 3.8B 3.63B
Net income -617M -399M 90M 56M
Diluted EPS -2.65 -1.68 0.38 0.23
Net profit margin -20.19% -10.75% 2.37% 1.54%
Net change in cash 63M 40M -49M 57M
Cash on hand 971M 908M 868M 917M
Cost of revenue 2.55B 2.9B 2.97B 2.86B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 14.75B 15.48B 15.38B 15.16B
Net income -297M 708M 365M 1.28B
Diluted EPS -1.33 2.89 1.37 4.74
Net profit margin -2.01% 4.58% 2.37% 8.47%
Operating income
Net change in cash 107M -242M -89M -344M
Cash on hand 908M 801M 1.04B 1.13B
Cost of revenue 11.6B 11.96B 11.68B 10.94B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
1 Apr 20 Firestone James A RSU Common Stock Grant Aquire A 5.69 6,371 36.25K 94,394
1 Apr 20 Geissler Werner RSU Common Stock Grant Aquire A 5.69 6,371 36.25K 69,305
1 Apr 20 Hellman Peter S RSU Common Stock Grant Aquire A 5.69 6,371 36.25K 72,907
1 Apr 20 Koellner Laurette T RSU Common Stock Grant Aquire A 5.69 6,371 36.25K 36,407
1 Apr 20 Mccollough W Alan RSU Common Stock Grant Aquire A 5.69 6,371 36.25K 94,394
79.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 313 364 -14.0%
Opened positions 42 78 -46.2%
Closed positions 93 47 +97.9%
Increased positions 127 116 +9.5%
Reduced positions 86 105 -18.1%
13F shares
Current Prev Q Change
Total value 11.44B 33.57B -65.9%
Total shares 185.08M 191.64M -3.4%
Total puts 10.49M 12.23M -14.3%
Total calls 3.9M 3.98M -2.0%
Total put/call ratio 2.7 3.1 -12.5%
Largest owners
Shares Value Change
BLK BlackRock 26.04M $151.58M +4.0%
Vanguard 22.65M $131.81M +2.3%
Dimensional Fund Advisors 11.62M $67.65M +8.8%
LSV Asset Management 10.25M $59.64M -4.0%
Hotchkis & Wiley Capital Management 8.49M $49.42M -24.9%
STT State Street 5.98M $34.83M -5.1%
D. E. Shaw & Co. 5.73M $33.32M -29.0%
Newport Trust 5.19M $30.21M +56.5%
Arrowstreet Capital, Limited Partnership 4.11M $23.92M -25.7%
GS Goldman Sachs 3.99M $23.24M +114.9%
Largest transactions
Shares Bought/sold Change
Lyrical Asset Management 136.6K -9.2M -98.5%
Citadel Advisors 1.77M -4.6M -72.2%
Appaloosa 3.37M +3.37M NEW
Hotchkis & Wiley Capital Management 8.49M -2.81M -24.9%
Norges Bank 0 -2.43M EXIT
D. E. Shaw & Co. 5.73M -2.34M -29.0%
Jacobs Levy Equity Management 2.55M +2.32M +1011.1%
BAC Bank of America 3.36M +2.16M +179.5%
GS Goldman Sachs 3.99M +2.14M +114.9%
Newport Trust 5.19M +1.87M +56.5%

Financial report summary

?
Risks
  • If we do not successfully implement our strategic initiatives, our operating results, financial condition and liquidity may be materially adversely affected.
  • We face significant global competition and our market share could decline.
  • Raw material and energy costs may materially adversely affect our operating results and financial condition.
  • If we fail to extend or renegotiate significant collective bargaining contracts with our labor unions as they expire from time to time, or if our unionized employees were to engage in a strike or other work stoppage or interruption, our business, results of operations, financial condition and liquidity could be materially adversely affected.
  • We could be negatively impacted by the imposition of tariffs on imported tires and other goods.
  • Our international operations have certain risks that may materially adversely affect our operating results, financial condition and liquidity.
  • We have foreign currency translation and transaction risks that may materially adversely affect our operating results, financial condition and liquidity.
  • Our long term ability to meet our obligations, to repay maturing indebtedness or to implement strategic initiatives may be dependent on our ability to access capital markets in the future and to improve our operating results.
  • Financial difficulties, work stoppages, supply disruptions or economic conditions affecting our major customers, dealers or suppliers could harm our business.
  • Our capital expenditures may not be adequate to maintain our competitive position and may not be implemented in a timely or cost-effective manner.
  • We have a substantial amount of debt, which could restrict our growth, place us at a competitive disadvantage or otherwise materially adversely affect our financial health.
  • Any failure to be in compliance with any material provision or covenant of our debt instruments, or a material reduction in the borrowing base under our revolving credit facility, could have a material adverse effect on our liquidity and operations.
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • We have substantial fixed costs and, as a result, our operating income fluctuates disproportionately with changes in our net sales.
  • We may incur significant costs in connection with our contingent liabilities and tax matters.
  • We are subject to extensive government regulations that may materially adversely affect our operating results.
  • We may be adversely affected by any disruption in, or failure of, our information technology systems.
  • If we are unable to attract and retain key personnel our business could be materially adversely affected.
  • We may be impacted by economic and supply disruptions associated with events beyond our control, such as war, acts of terror, political unrest, public health concerns, labor disputes or natural disasters.
Management Discussion
  • In 2019, challenging macro-economic industry conditions persisted throughout much of the year, including higher raw material costs, foreign currency headwinds due to a strong U.S. dollar, lower OE industry volumes, softening demand in Europe, weak market conditions in China, and economic volatility in Latin America, particularly in Brazil. These headwinds were partially offset by continued strength in U.S. consumer replacement sales.
  • Our 2019 results reflect a 2.4% decrease in tire unit shipments compared to 2018. In 2019, we realized approximately $199 million of cost savings, including raw material cost saving measures of approximately $93 million, which exceeded the impact of general inflation. Our raw material costs, including cost saving measures, increased by approximately 4% in 2019 compared to 2018.
  • Net sales were $14,745 million in 2019, compared to $15,475 million in 2018. Net sales decreased in 2019 primarily due to unfavorable foreign currency translation, primarily in EMEA, lower volume, primarily in EMEA, and lower sales in other tire-related businesses, primarily due to a decrease in third-party sales of chemical products in Americas, partially offset by improvements in price and product mix, primarily in EMEA and Americas.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accentuated, acquisition, advantage, aggravated, Aid, aimed, announced, auto, automobile, bad, bankruptcy, bargaining, began, bore, breakeven, Canada, cancel, canceled, caption, carryback, cease, CEO, chain, character, characterized, combat, commensurate, conclusion, conduct, conducted, conferred, conspicuously, conveyance, court, creditor, critical, deemed, deep, defeat, defraud, delay, delivery, devote, difficulty, director, discretionary, disinfection, disregarded, distancing, diversity, doubtful, dramatic, drop, earlier, economy, equitable, essential, evidenced, evolving, exacerbated, extraordinary, factory, feeling, fleet, found, frame, framework, fraudulent, frequency, frequently, gave, governmental, hamper, highly, hinder, holder, improper, inconsistent, indefinite, indirectly, inequitable, insolvency, insolvent, insufficient, introduced, irrevocably, jointly, judgment, jurisdiction, largest, led, legislation, leisure, listed, LLC, low, machinery, magnitude, matter, membership, mitigate, mitigating, month, National, navigate, necessitating, notably, objectively, oppressive, optimal, outbreak, package, pandemic, payroll, permanently, PLN, prejudice, prejudicial, preserve, preventative, Prevention, principle, proactively, profound, promptly, proportionate, protect, provincial, Pulandian, punctual, quickly, ramping, rank, reached, recessionary, refund, registered, regularly, reinstate, rendered, rendering, reopen, reopened, reopening, restart, resume, resumed, resuming, Retention, robust, safeguard, salable, salary, SAS, scope, SEC, sharp, situation, small, smaller, social, softening, solvency, spend, spending, spread, staffing, statute, structurally, sudden, suspended, suspending, suspension, temporarily, temporary, tentative, top, Traffic, travel, treatment, truck, undervalue, unexpected, unfair, unfairly, unliquidated, unreasonably, vast, verifiable, verified, visibility, visitor, voidable, waiver, wellbeing, workforce, yield
Removed: adjusting, assigned, August, authorization, calculate, capitalized, carryforward, classified, commence, commenced, comparative, comparing, complexity, diameter, documentation, dual, easier, emerging, enacted, evaluate, exceeded, experienced, expired, final, finalized, govern, hurricane, implied, imposition, incentive, inception, Indian, initial, IRS, issuer, job, June, land, layout, lease, leasing, lending, measurement, obtained, optional, Philippsburg, practical, properly, Property, proposed, provisional, ranging, reclassification, reclassify, recognizing, recording, renewal, represent, repurchased, requirement, residual, restrictive, retrospectively, ROU, rupee, separately, simplify, simplifying, stranded, terminate, testing, transparency, transportation, understand, valve, variability, wholesale