Cooper Tire (CTB) Declares $0.105 Quarterly Dividend; 1.5% Yield

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Go back to Cooper Tire (CTB) Declares $0.105 Quarterly Dividend; 1.5% Yield

Cooper Tire (CTB) Tops Q4 EPS by 35c, Revenues Beat

February 24, 2020 7:02 AM EST

Cooper Tire (NYSE: CTB) reported Q4 EPS of $1.02, $0.35 better than the analyst estimate of $0.67. Revenue for the quarter came in at $750 million versus the consensus estimate of $740.14 million.

Full Year 2019 Highlights

Unit volume decreased 3.9 percent compared to 2018.Net sales were $2.75 billion compared to $2.81 billion the prior year.Operating profit was $174 million, or 6.3 percent of net sales, compared to $165 million, or 5.9 percent of net sales, in 2018.

Cooper has made a great deal of progress on the strategic initiatives we outlined at our May 2018 Investor Day, said President & Chief... More