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Cooper Tire & Rubber Co. Message Board

  • bluecheese4u bluecheese4u Feb 25, 2013 8:08 AM Flag

    COOPER TIRE & RUBBER COMPANY REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2012 RESULTS

    COOPER TIRE & RUBBER COMPANY REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2012 RESULTS

    Record fourth quarter net sales of $1.1 billion, a 2% increase, and record full-year net sales of $4.2 billion, a 7% increase
    Record fourth quarter operating profit of $124 million; 11.7% of net sales, and record full-year operating profit of $397 million; 9.5% of net sales
    Fourth quarter net income of $1.15 per share attributable to Cooper Tire & Rubber Company
    Full-year net income of $3.49 per share attributable to Cooper Tire & Rubber Company

    FINDLAY, Ohio, Feb. 25, 2013 – Cooper Tire & Rubber Company (NYSE: CTB) today reported results for the fourth quarter and full year 2012. Fourth quarter net sales were a record $1.1 billion, an increase of $24 million, or 2%, compared with the same period a year ago. Operating profit was a fourth-quarter record of $124 million, $65 million higher than fourth quarter 2011 and 11.7% of net sales. The company reported net income attributable to Cooper Tire & Rubber Company of $1.15 per share, or $73 million in the fourth quarter. This compares with $32 million, or $0.51 per share, for the same period last year, excluding the one-time, non-cash impact of $177 million, or $2.82 per share, in 2011 due to the release of most of the

 
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