Cooper Tire (CTB) Tops Q4 EPS by 31c
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Cooper Tire & Rubber Company Announces Senior Executive Leadership Transition
February 23, 2016 7:02 AM ESTFINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today announced a planned succession of the companys senior executive leadership.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160223005474/en/
Cooper Tire & Rubber Company announced that Chairman, CEO and President Roy V. Armes plans to retire Aug. 31, 2016.... More
Cooper Tire & Rubber Company Extends and Increases Share Repurchase Program up to $200 Million
February 23, 2016 7:01 AM ESTRepresents 10 percent of current market capitalization; authorized through Dec. 31, 2017
FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today announced that its Board of Directors has extended and increased its share repurchase program by authorizing the repurchase of up to $200 million of the companys outstanding common stock through Dec. 31, 2017.
The $200 million authorization replaces the $74 million remaining on the authorization from February 2015. The increased authorization is approximately 10 percent of the current market capitalization. Shares will be purchased from time to time based on market conditions and will be executed through... More
Cooper Tire & Rubber Company Reports Fourth Quarter and Full Year 2015 Results
February 23, 2016 7:00 AM ESTCompany closes 2015 with operating profit of $354 million; looks forward to continued strong financial performance in 2016
FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported full year 2015 net income of $213 million, or diluted earnings per share of $3.69, compared with $214 million, or $3.42 per share, one year ago. The 2014 results include a gain of $56 million net of tax from the sale of the companys former CCT joint venture in China in the fourth quarter of 2014.
Fourth Quarter Highlights (comparisons to prior results exclude CCT):
Net... More