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

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

Cooper Tire & Rubber Company Reports Fourth Quarter and Full Year 2019 Results

February 24, 2020 7:00 AM EST

FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported full year 2019 net income of $96 million, or diluted earnings per share of $1.91, compared with $77 million, or $1.51 per share, last year.

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.

Fourth Quarter Highlights

Unit volume decreased 2.6 percent compared to the... More