Cooper Tire (CTB) Tops Q2 EPS by 20c
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Cooper Tire & Rubber Company Reports Second Quarter 2016 Results
August 4, 2016 7:00 AM EDTRecord second quarter operating profit of $110 million, or 14.8 percent of net sales; a 10.5 percent year-over-year increase
FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported second quarter 2016 net income of $71 million, or diluted earnings per share of $1.27, compared with $60 million, or $1.03 per share, last year.
Second Quarter Highlights:
Unit volume increased 0.9 percent year-over-year Net sales decreased 1.5 percent to $740 million Operating profit increased by 10.5 percent year-over-year to $110 million, or 14.8 percent of net sales; a record for the period... More