Sunday, Jul 24, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

Cooper Tire reports sales records

FINDLAY — Cooper Tire & Rubber Co. said today it set fourth-quarter and full-year sales records in 2012, on its way to a full-year profit of $220 million, or $3.49 a share. In 2011, the company earned $254 million, or $4.02 a share.

The Findlay-based tire maker said fourth-quarter sales reached $1.1 billion, up 2 percent from 2011. For the year, sales topped $4.2 billion, up 7 percent from 2011. 

Cooper said it earned $73 million, or $1.15 per share, in the fourth quarter. That's much lower than the company's 2011 fourth-quarter earnings, though 2011's earnings were pumped up by a one-time tax benefit of $177 million. 

Shares of Cooper Tire were up more than 5.5 percent in early trading today to $26.82. 

 

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…