Stock Monitor: Myers Industries Post Balance Reporting
LONDON, UK / ACCESSWIRE / March 13, 2018 / Active-Investors.com has aloof appear a chargeless balance address on The Goodyear Annoy & Rubber Co. (NASDAQ: GT) (“Goodyear”). If you appetite admission to this address all you allegation to do is assurance up now by beat the afterward articulation www.active-investors.com/registration-sg/?sym=GT. The Aggregation appear its fourth division budgetary 2017 and abounding budgetary year 2017 operating and banking after-effects on February 08, 2018. The better US annoy maker exceeded revenues and balance estimates, and additionally provided advice for articulation operating income. Register today and get admission to over 1000 Chargeless Analysis Letters by aing our armpit below:
Active-Investors.com is currently alive on the analysis address for Myers Industries, Inc. (NYSE: MYE), which additionally belongs to the Customer Good area as the Aggregation Goodyear Annoy & Rubber. Do not absence out and become a affiliate today for chargeless to admission this accessible address at:
Active-Investors.com is focused on giving you appropriate advice and the central band on companies that amount to you. This morning, The Goodyear Annoy & Rubber best contempo account is on our alarm and our aggregation absitively to put out a absurd address on the aggregation that is now accessible for chargeless below:
Earnings Highlights and Summary
For the fourth division of the budgetary year 2017, Goodyear’s sales added 9% to $4.1 billion from $3.7 billion in Q4 2016, apprenticed by an bigger price/mix, a favorable bill translation, and volume. The Company’s acquirement numbers topped analysts’ estimates of $3.91 billion.
During Q4 2017, Goodyear’s Annoy unit’s volumes totaled 42 million, up 2% on a y-o-y basis. The Company’s Backup Annoy unit’s shipments were up 3%, while its Aboriginal Accessories unit’s aggregate fell 1% compared to the year ago aforementioned period.
Goodyear appear an operating assets of $419 actor in Q4 2017, bottomward 13% from $479 actor in Q4 2016. The abatement reflects college raw actual costs and the abortive appulse of lower assembly on cost.
For Q4 2017, Goodyear appear a net accident of $96 million, or $0.39 accident per share, compared to a net assets of $561 million, or $2.14 per share, in Q4 2016. The Company’s appear division after-effects included a $299 actor one-time, non-cash tax allegation accompanying to the US tax reform. In addition, the Aggregation accustomed detached tax allowances of $331 actor in 2016, primarily due to the absolution of adopted appraisal allowances.
Goodyear’s adapted adulterated balance per allotment (EPS) were $0.99 in Q4 2017, up 4% compared to $0.95 in Q4 2016.
For the abounding year FY17, Goodyear acquaint sales of $15.4 billion, up 1% compared to $15.2 billion in FY16, absorption an access in price/mix, a favorable adopted bill translation, and college sales in added tire-related businesses.
For FY17, Goodyear appear a net assets of $346 million, or $1.37 per adulterated share, compared to $1.26 billion, or $4.74 per adulterated share, in FY16. The abatement was attributed to added assets tax expenses. In addition, the Aggregation accustomed detached tax allowances in FY16, primarily due to the absolution of adopted appraisal allowances.
For FY17, Goodyear’s adapted adulterated EPS were $3.12 compared to $4.00 in FY16.
Business Articulation Results
During Q4 2017, Goodyear’s Americas segment’s net sales grew 6% to $2.2 billion on a y-o-y basis, absorption an access in annoy assemblage aggregate of 4%, and a favorable price/mix. The segment’s backup annoy shipments were up 5% on a y-o-y basis, apprenticed by an access in US customer backup of 8%. The Americas segment’s operating assets was $209 actor in the appear quarter, bottomward 29% on a y-o-y basis, due to college raw actual costs and added costs due to lower production.
For Q4 2017, Goodyear’s Europe, Middle-East, and Africa (EMEA) segment’s sales avant-garde 12% to $1.3 billion, apprenticed by a adopted bill translation, and an bigger price/mix. The segment’s backup annoy shipments grew 2%, while aboriginal accessories annoy aggregate alone 12%. The EMEA segment’s operating assets grew 15% to $93 actor on a y-o-y base in the appear quarter, apprenticed by an bigger price/mix, and amount accumulation actions.
During Q4 2017, Goodyear’s Asia/Pacific segment’s sales rose 14% to $623 actor on a y-o-y basis, absorption an bigger price/mix and college volume. The segment’s annoy volumes were a almanac and were up 5% on a y-o-y basis. The segment’s backup annoy shipments remained flat, while its aboriginal accessories aggregate jumped 12% on a y-o-y basis. The Asia/Pacific segment’s operating assets climbed 14% to $117 actor in the appear quarter, and was additionally a almanac for any quarter, attributed to bigger price/mix and volume.
Shareholder Return Program
Goodyear repurchased 6.3 actor shares of its accustomed banal for $195 actor during Q4 2017. For FY17, the Aggregation repurchased 12.8 actor shares for $400 million. Since 2013, the Company’s repurchases beneath the affairs totaled 44 actor shares for $1.3 billion. Goodyear had $0.8 billion actual beneath the outstanding allotment through 2019.
For the abounding budgetary year 2018, Goodyear is forecasting articulation operating assets to be amid $1.8 billion and $1.9 billion. The Aggregation additionally has adapted its 2020 articulation operating assets ambition and basic allocation plan to $2.0 billion to $2.4 billion.
Stock Performance Snapshot
March 12, 2018 – At Monday’s closing bell, The Goodyear Annoy & Rubber’s banal hardly avant-garde 0.49%, catastrophe the trading affair at $28.89.
Volume traded for the day: 2.00 actor shares.
After yesterday’s close, The Goodyear Annoy & Rubber’s bazaar cap was at $7.04 billion.
Price to Balance (P/E) arrangement was at 11.26.
The banal has a allotment crop of 1.94%.
The banal is allotment of the Customer Good sector, categorized beneath the Rubber & Plastics industry. This area was up 0.3% at the end of the session.
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