Friday, Jul 01, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

Earnings: 2nd-quarter profit triples at Cooper Tire

Findlay's Cooper Tire & Rubber Co. yesterday said its second quarter profit nearly tripled because of improved pricing, increased production volume, and strong sales of new products.

It reported a profit of $33.4 million, or 44 cents a share, up 163 percent from $12.7 million, or 17 cents a share, for the same period a year ago. The tire and auto parts maker said it had record sales for the quarter of $992 million, up 18 percent from $840 million from a year ago.

BOWLING GREEN - Sky Financial Group Inc., a bank holding company based here, yesterday reported second-quarter profit of $40.2 million, or 43 cents a share, up 7 percent from $37.5 million, or 42 cents a share, for the period a year earlier.

The company also reported net interest income of $103 million in the quarter, up 6 percent from $97 million, and assets of $12.1 billion, down slightly from $12.2 billion in mid-2003.

Toledo's Libbey Inc. yesterday reported second-quarter profit of $9.4 million, or 68 cents a share, up 18 percent from $7.9 million, or 59 cents a share, for the period a year earlier.

The tableware company said it had sales for the period of $136 million, up 6 percent from $128 million from a year earlier.

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…