Cooper Tire earnings down 42% at Q3

Findlay, Ohio – Cooper Tire & Rubber Co. showed similar results in net sales to last year’s totals, but net income fell for the third quarter of 2018.

Sales increased by 0.5% to $738 million (€645 million) for the three-month period compared to the same last year, according to a Cooper news release. Year-to-date, net sales decreased by 3% to $2.03 billion.

Net sales were favourably impacted by $5 million of positive price and mix, partially offset by $1 million of unfavourable foreign currency impact, Cooper said.

Cooper…

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