Cooper Tire (CTB) Tops Q4 EPS by 34c
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Cooper Tire & Rubber Company Reports Fourth Quarter and Full Year 2016 Results; Issues 2017 Guidance
February 17, 2017 7:02 AM ESTCooper closed 2016 with operating profit of $384 million and a record operating profit margin of 13.1 percent; unit volume increased 2.6 percent year over year
FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported full year 2016 net income of $248 million, or diluted earnings per share of $4.51, compared with $213 million, or $3.69 per share, one year ago. The full year results included non-cash pension settlement charges of $12 million. Excluding these charges, diluted earnings per share for the full year would have been $4.66 per share.
Fourth Quarter 2016 Highlights:
Unit... More