Cooper Tire (CTB) Misses Q4 EPS by 17c, Revenues Miss; Confirms Deal to be Acquired by Goodyear Tire (GT)

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Go back to Cooper Tire (CTB) Misses Q4 EPS by 17c, Revenues Miss; Confirms Deal to be Acquired by Goodyear Tire (GT)

Cooper Tire & Rubber Company Reports Fourth Quarter and Full Year 2020 Results

February 22, 2021 7:04 AM EST

FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported full year 2020 net income of $143 million, or diluted earnings per share of $2.83, compared with net income of $96 million, or $1.91 diluted earnings per share, for the prior year.

Full Year 2020 Highlights

Global unit volume decreased 13.0 percent compared to the prior year. Net sales were $2.52 billion compared to $2.75 billion the prior year. Operating profit was $231 million, or 9.2 percent of net sales, compared to $174 million, or 6.3 percent of net sales, in 2019.

Fourth Quarter Highlights... More