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.
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“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.”
