Cooper Tire Reports 23.3% Q1 Sales Increase Over 2020

First-quarter net sales were $656 million compared with $532 million in the first quarter of 2020, an increase of 23.3%. The company says first-quarter net sales were positively impacted by $88 million of higher unit volume, $30 million of favorable price and mix, and $6 million of favorable foreign currency impact. Operating profit was $38 million compared with an operating loss of $6 million in the first quarter of 2020.