Tuesday, March 2, 2010

COOPER TIRE REPORTS 4TH QUARTER EARNINGS

The Cooper Tire and Rubber Company today reported net income of $39 million dollars for the quarter that ended December 31st, 2009, a $183 million dollars improvement over the same time period in 2008. Net sales were $773 million dollars, an increase of $137 million or 22% from the previous year. Operating profit was $60 million for the quarter a $224 million dollar improvement from a loss of $164 million in 2008.

Cooper Tire operates a plant in Texarkana, Arkansas.

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