Cooper Tire Q2s show Americas/overseas divide

Findlay, Ohio – Cooper Tire & Rubber Co.’s second quarter results show a sharp divide between the business performance of the company’s America and International tire businesses.

For the group as a whole, operating income fell 61.1% year-on-year to $32.8 million as sales slipped 3.1% to $698.4 million in the three months to 30 June.

Within these figures, the company’s Americas Tire operations posted a  55.5% drop in second-quarter, operating profit, to $40.5 million, on sales down 5% to $584.4 million.

Second quarter sales in the Americas segment were impacted by…

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