US: Cooper Tire unveils Q2 net income up 8% to US$38m
Cooper Tire & Rubber has posted second quarter net income of US$38m, compared with US$35m last year, while net sales were US$889m, an increase of 1% from US$884m in 2013.
Cooper Tire & Rubber has posted second quarter net income of US$38m, compared with US$35m last year, while net sales were US$889m, an increase of 1% from US$884m in 2013.
“We continued our strong performance in what is usually a seasonally weak quarter, posting very good volume growth in most geographic regions,” said Cooper chairman, CEO and president, Roy Armes.
“Pricing decreased, mainly driven by lower raw material costs, but the 10% global unit growth, along with our focus on cost reductions, helped us exceed last year’s operating margin.”
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