Cooper reports record Q3 sales, earnings

ERJ staff report (TB)

Tire Business Staff Report

Findlay, Ohio – Cooper Tire & Rubber Co. reported record sales and earnings for quarter and nine months ended 30 Sept, prompting management to reiterate its belief that “we are on the right path toward continued profitable growth for our company.”

The Findlay-based tyre maker reported record operating income for the quarter of $130 million (Euro 101 million), a 174.6 percent jump over the 2011 period. Sales were up 4 percent to $1.1 billion, yielding an…

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