Cooper eyes 10 percent unit growth in 2011

ERJ staff report (TB)

Findlay, Ohio — Cooper Tire & Rubber Co. is targeting 10-percent volume growth in 2011 after reporting nearly 21-percent higher sales of $3.36 billion in fiscal 2010 on 8-percent higher unit shipments and improved pricing.

Cooper reported 20.5-percent higher operating income of $186.3 million, while net earnings surged 171 percent to $140.5 million, thanks in large part to a $56 million surplus from discontinued operations.

Cooper’s North America Tire Operations boosted annual operating profit 17.8 percent to $130.7 million as sales climbed 20.8 percent…

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