Cooper Tire (CTB) Tops Q3 EPS by 9c

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Go back to Cooper Tire (CTB) Tops Q3 EPS by 9c

Cooper Tire & Rubber Company Reports Third Quarter 2019 Results

October 28, 2019 7:00 AM EDT

FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported third quarter 2019 net income of $29 million, or diluted earnings per share of $0.58, compared with $54 million, or $1.07 per share, last year.

Third Quarter Highlights

Net sales decreased 4.5 percent to $704 million. Unit volume decreased 7.0 percent compared to the third quarter of 2018. Operating profit was $53 million, or 7.5 percent of net sales.

Despite the continued impact of tariffs, we were pleased to deliver sequential operating profit margin improvement in the third quarter driven by positive... More