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Cooper Tire and Rubber Q4 $64 million

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Christian Fernsby ▼ | February 24, 2020
Cooper Tire and Rubber Company said the company's fiscal 2020 operating profit margin will be exceeding 2019.
Cooper Tire and Rubber
Cooper Tire and Rubber   Cooper Tire and Rubber fourth quarter operating profit was $64 million
Cooper Tire and Rubber projects its first half 2020 operating profit margin to be impacted by typical seasonality and certain unique items.

Topics: Cooper Tire and Rubber

A modest global Cooper Tire and Rubber unit volume increase is anticipated compared to 2019, including in the U.S.

Cooper Tire and Rubber fourth quarter operating profit was $64 million compared to $25 million, a year ago.

Cooper Tire and Rubber profit per share was $1.02 compared to a loss of $0.01, last year.

Cooper Tire and Rubber fourth quarter net sales were $750 million compared to $770 million, a year ago, a decrease of 2.6 percent.

Cooper Tire and Rubber unit volume decreased 2.6 percent year-on-year.

"Operating profit margin improved on both a year-over-year and sequential basis.

"We saw volume declines in all regions as global tire markets continued to be affected by unfavorable economic and political factors," said CEO Brad Hughes.


 

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