Cooper reports lower Q3 sales, net income

Findlay, Ohio – Cooper Tire & Rubber Co. reported lower sales and net income for this year’s third quarter.

The Findlay-based tire maker’s sales decreased by 4 percent to $751 million and net income dropped by 7.5 percent to $49 million, the company said in an Oct. 31 news release. Its operating profit decreased 4.8 percent to $78 million, but that includes an $11.5 million non-cash pension settlement charge.

“The Cooper business model remains a solid foundation for growth and continued profitability,” President and CEO Brad Hughes…

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