Cooper Tire (CTB) Reports Q3 EPS of $1.07
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Cooper Tire & Rubber Company Reports Third Quarter 2018 Results
October 29, 2018 7:00 AM EDTFINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported third quarter 2018 net income of $54 million, or diluted earnings per share of $1.07, compared with $62 million, or $1.18 per share, for the same period last year.
Third Quarter Highlights:
Consolidated unit volume increased 0.1 percent. Net sales increased 0.5 percent to $738 million. Operating profit was $81 million, or 11.0 percent of net sales. The quarter included a $31 million benefit in operating profit from lower product liability costs related to an adjustment of the... More