Cooper Tire (CTB) Tops Q2 EPS by 4c

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Go back to Cooper Tire (CTB) Tops Q2 EPS by 4c

Cooper Tire & Rubber Company Reports Second Quarter 2018 Results In Line With Outlook; Revises Second Half Outlook

August 6, 2018 7:00 AM EDT

FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported second quarter 2018 net income of $15 million, or diluted earnings per share of $0.30, compared with $45 million, or $0.85 per share, for the same period last year.

Second Quarter Highlights:

Consolidated unit volume decreased 2.1 percent compared to the prior year, with a decrease in the Americas segment, partially offset by an increase in the International segment. Net sales decreased 3.1 percent to $698 million. Operating profit was $33 million, or 4.7 percent of net sales.... More