Cooper Tire (CTB) Misses Q1 EPS by 14c, Revenue Beats

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Go back to Cooper Tire (CTB) Misses Q1 EPS by 14c, Revenue Beats

Cooper Tire & Rubber Company Reports First Quarter 2021 Results

May 3, 2021 7:00 AM EDT

FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported first quarter 2021 net income of $22 million, or diluted earnings per share of $0.43, compared with a net loss of $12 million, or diluted loss per share of $0.23, for the same period last year.

First Quarter Highlights

Global unit volume increased 16.6 percent compared to the first quarter of 2020. Net sales increased 23.3 percent from the first quarter of 2020 to $656 million. Operating profit was $38 million, or 5.8 percent of net sales, compared to an operating loss of $6... More