Feb 23

Cooper Tire Reports 2020 Results

Cooper Tire & Rubber Company (NYSE: CTB) today reported full year 2020 net income of $143 million, or diluted earnings per share of $2.83, compared with net income of $96 million, or $1.91 diluted earnings per share, for the prior year.

Full Year 2020 Highlights

  • Global unit volume decreased 13.0 percent compared to the prior year.
  • Net sales were $2.52 billion compared to $2.75 billion the prior year.
  • Operating profit was $231 million, or 9.2 percent of net sales, compared to $174 million, or 6.3 percent of net sales, in 2019.

Source: Yahoo Finance

Tire and Rubber Association of Canada

A19–260 Holiday Inn Drive
Cambridge, ON N3C 4E8