Cooper Tire Corp. announced its third quarter report

Recently, the solid-plated tire company of North America’s fourth-largest tire manufacturer, Cooper Tire , announced its third quarter report. The report showed that the company’s net sales in the North American market were US$765 million in the third quarter, up from the same period last year (US$648 million). 18%, sales growth was mainly due to the increase in tire sales and tire prices. In addition to North America, global sales increased by 30% year-on-year to US$422 million.

From a market perspective, the company’s net sales for the third quarter was US$1.05 billion, a 19% increase over the same period of last year; net income was US$1.7 million, a decrease of US$2.8 million from the same period last year; operating profit was US$4.7 million. The decrease of 2 million U.S. dollars in the same period last year was mainly attributable to the increase in raw material costs and manufacturing costs.

It is understood that in the first three quarters of this year, Cooper Tire 's net sales totaled 2.88 billion U.S. dollars, an increase of 18% over the same period of last year; the diluted earnings per share was 0.71 U.S. dollars, compared with the diluted earnings per share of the same period last year (1.21 U.S. dollars). Declined.

Extensive reading:
Cooper Tire, which has a history of nearly 100 years, is the fourth largest tire manufacturing company in North America, and Cooper is a world leader in tire replacement. At present, tire sales rank eighth in the world in the industry. The scope of business includes the design and production of tires, sales of cars, light trucks, medium trucks, motorcycles and racing tires, as well as tread rubber and related equipment for the replacement industry. In April 2006, Cooper Tire & Rubber Corporation officially announced its entry into China and the establishment of its Asia Pacific regional headquarters in Shanghai. In June 2008, Cooper Tire Asia Pacific Technology Center was established in Shanghai.

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