Friday, Oct 21, 2016
One of America's Great Newspapers ~ Toledo, Ohio


Record sales of $906M raise Cooper Tire profit

FINDLAY — Cooper Tire & Rubber Co. reported Tuesday it had record sales of $906 million in the first quarter and a profit of $18.5 million, or 25 cents a share.

The tire manufacturer said its sales were up 20 percent from the same period a year ago and its profit rose from $17.1 million, or 19 cents a share.

Results during the January- March period included a $3 million after-tax gain related to its increased share of ownership in a Mexican operation and $4 million in costs related to expiration of a lease for the company’s airplane.

North American tire operations reported a 22 percent sales increase to $648 million, and international operations had a 24 percent increase in sales to a record $363 million, the Findlay company said. The company said it had higher raw material costs, but did increase some prices and plans to boost production.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…