Cooper posts higher sales, but strike puts Q1 into loss

Findlay, Ohio–While Cooper Tire & Rubber Co. posted a 7.1-percent gain on net sales in the first quarter, the Findlay-based tyre maker’s net income from continuing operations fell to a loss of $1.04 million, in part from a strike at its Texarkana, Arkansas, plant.

Cooper reported record net sales of $514.1 million, up from $480 million last year. But the net loss in the quarter was in contrast to a profit of $2.18 million in last year’s period. Counting discontinued operations–the company sold its Cooper-Standard Automotive…

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