coopertire-mexico

Sales dip concerns Cooper Tire, despite higher earnings

Findlay, Ohio—Cooper Tire & Rubber Co. has posted a 29.6% year-on-year increase in third quarter operating income to $110.4 million, on net sales 2.3% lower at $734 million.

The earnings hike for the three months to 30 Sept, was linked to lower product liability costs, a non-cash pension settlement charge and other reduced costs, said a 30 Oct press release.

Cooper reported 31.3% volume growth in ‘international’ markets, led by Asia. This, however, was cancelled out by a 7.5% drop in the Americas to leave overall unit…

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