Cooper Tire and Rubber Company
Stock Symbol: CTB
701 Lima Avenue
Cooper Tire and Rubber Company Industry:
Cooper Tire and Rubber Company Description:
Cooper Tire & Rubber Company is a manufacturer of replacement tires and original equipment automotive components. Cooper Tire, the segment that is comprised of Cooper's tire and related businesses, focuses on the sale of passenger and light truck replacement tires. It also manufactures radial medium truck tires and materials and equipment for the truck tire retread industry. Cooper-Standard Automotive, the segment that includes all of Cooper's automotive components business, designs and manufactures automotive body sealing products and produces noise, vibration and harshness control products and fluid handling systems for the automotive industry.
Cooper Tire and Rubber Company Financial Summary:
Cooper Tire & Rubber is engaged in the conversion of natural and synthetic rubbers into a variety of carbon black reinforced rubber products, including tires, inner tubes, vibration control products and hose assemblies. For the 6 months ended 6/30/05, revenues rose 4% to $1.02B. Net loss from cont. ops. totaled $7.5M vs. an income of $11.1M. Results reflect lower sales from international tire operation, offset by lower gross profits margins.
Cooper Tire and Rubber Company Business Summary:
Cooper Tire & Rubber Company (Cooper) is engaged in the production and marketing of various replacement tires. The Company focuses on the manufacture and sales of passenger and light-truck replacement tires. It also manufactures radial medium-truck tires and materials and equipment for the truck tire retread industry. Cooper's products are sold throughout the United States and in certain foreign markets primarily to independent tire dealers, wholesale distributors, regional and national retail tire chains, as well as large retail chains that sell tires. The Company's operations are organized into two separate, geographical business segments: North American tire operations and International tire operations. In December 2004, the Company sold its automotive business, Cooper-Standard Automotive. In January 2005, Cooper reached an agreement with Kumho Tire Co., Inc. (Kumho) of Seoul, Korea, to acquire approximately 11% of its common equity.