Cooper Tire (CTB) Misses Q2 EPS by 10c
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Cooper Tire & Rubber Company Reports Second Quarter 2015 Results
August 6, 2015 7:00 AM EDTRecord operating profit in Americas segment and company reiterates commitment to expansion of International segment capacity
Net sales were $752 million, an increase of 5 percent excluding CCT Operating profit was $99 million, or 13.2 percent of net sales, compared with $77 million, or 8.6 percent of net sales a year ago, despite the divestiture of CCT in 2014 Americas segment unit volume grew 7.3 percent, with record operating profit of $109 million and operating margin of 16.1 percent of net sales International segment results excluding CCT include higher unit... More