Rubber & Plastics
(GT) Goodyear Tire Hurt by Venezuela’s Currency Devaluation
Goodyear Tire’s (GT) operation in Venezuela, which contributes a significant portion of the company’s Latin American Tire sales and operating income, has been significantly affected by the Venezuelan government’s decision to introduce a two-tiered exchange rate that devalues...
19Jan2010 | vitalstocks | 0 comments | Continued(SEH) Spartech’s Fourth Quarter Results Miss Expectations
Spartech Corp. (SEH) posted fiscal 2009 fourth-quarter results after the closing bell on Monday. The company swung to a net profit of $8.2 million, from a net loss of $197.4 million in the year-ago quarter. The prior-year quarter included an asset impairment charge of $226.9...
16Dec2009 | vitalstocks | 0 comments | Continued(CTB) Cooper Tire & Rubber Company – Earnings Beat Expectations – Consensus Estimates Jump
Cooper Tire & Rubber Company (CTB) has surprised on estimates 4 consecutive quarters by an average of 330.99%. The company trades is attractively valued with a forward P/E of 10.6. Company Description Cooper Tire & Rubber manufactures tires for passenger cars, light and...
20Nov2009 | vitalstocks | 0 comments | Continued(GT) Goodyear Tire Hikes Prices
Goodyear Tire (GT) announced its first price increase in more than a year on the back of higher raw material costs. The company has raised the price of tires sold in North America by 6% on top of a 10% price rise in September last year. Goodyear has declined to specify the types...
14Nov2009 | vitalstocks | 0 comments | Continued(CTB) Cooper Tire & Rubber – Bull of the Day
Cooper Tire & Rubber Co. (CTB) is well positioned to enjoy improved operating costs, greater geographic flexibility and the ability to penetrate international markets through its investments and facilities in low-cost countries. The company continues to realize the benefits...
28Oct2009 | vitalstocks | 0 comments | Continued(GT) Goodyear Tire & Rubber Co. – Earnings Preview
Goodyear Tire & Rubber Co. (GT) will release its sales and earnings results for the third quarter before the markets open on Wednesday, Oct 28. The Akron, Ohio-based tire manufacturing company – one of the largest worldwide – reported a net loss of $221 million or 92...
20Oct2009 | vitalstocks | 0 comments | Continued(SHLM) A. Schulman Down, But Not Out
A. Schulman Inc. (SHLM) reported fiscal fourth-quarter results before the opening bell today. The company swung to a GAAP net loss of $7.9 million from a GAAP net profit of $4.7 million in the year-ago quarter. Excluding charges related to restructuring and asset impairment,...
20Oct2009 | vitalstocks | 0 comments | Continued(GT) Goodyear Tire & Rubber Company to Save $215 Million With United Steel Workers Deal
The Goodyear Tire & Rubber Company (GT) has revealed details about its master labor contract, ratified by members of the United Steel Workers (USW) union on Sep 18. The master contract covered about 10,300 employees at seven tire plants in the U.S. The plants are in Akron...
6Oct2009 | vitalstocks | 0 comments | Continued(GT) The Goodyear Tire & Rubber Company to Save $215 Million
The Goodyear Tire & Rubber Company (GT) has revealed details about its master labor contract, ratified by members of the United Steel Workers (USW) union on Sep 18. The master contract covered about 10,300 employees at seven tire plants in the U.S. The plants are in Akron,...
3Oct2009 | vitalstocks | 0 comments | Continued(SEH) Spartech Corporation Posts Lackluster Q3
Spartech Corp. (SEH) recently posted lackluster third-quarter results as recessionary conditions affected demand for its products. The company stated that GAAP net income plunged 66% year over year to $1.5 million. Excluding restructuring charges, earnings per share came in...
11Sep2009 | vitalstocks | 0 comments | Continued(GT) Goodyear Reaches Deal with United Steel Workers
The Goodyear Tire & Rubber Co. (GT) revealed that it reached a tentative four-year agreement on a United Steel Workers deal, about three hours before a midnight deadline for expiration last Saturday. The new contract covers about 10,300 employees at seven tire plants in the...
31Aug2009 | vitalstocks | 0 comments | Continued