Cooper Tire’s sales increased 17 percent in 2011

qiangzi

Cooper Tire’s sales increased 17 percent in 2011
: B7 `9 N! a$ j2 V7 |  b& }" r
0 v! E4 d1 `$ `# I' z" U% KTuesday, February 28, 2012
# W9 h" }5 F, n
Findlay, OH - Cooper Tire & Rubber reported net sales of $1.05 billion for the quarter ended December 31, 2011, an increase of $126 million, or 14 percent, from the prior year. Operating profit was $60 million for the quarter, an increase of $5 million from the prior year same quarter. Net income from continuing operations attributable to Cooper Tire for the quarter was $209 million or $3.33 per share on a diluted basis. For the year ended December 31, 2011, the company reported net sales of $3.9 billion, an increase of $566 million, or 17 percent, from 2010. The company reported net income of $4.02 cents per share from continuing operations on a diluted basis for the full year, including $2.66 per share from the release of the valuation allowance, compared with $1.86 for the same period of 2010.