Cooper Sees Full Year Sales, Profit Improvements
Cooper Tire & Rubber Co. posted 2007 sales of US$2.9 billion, up 13.9 per cent versus 2006, while net income reached $120 million, up from 2006’s loss of $78 million. Cooper’s North American tyre operations contributed $2.2 billion in sales and $119 million in operating profit for the year. Profits for the unit were up $159 million from 2006, Cooper said, including a $26.5 million gain from the sale of its Oliver Rubber Co. business to Michelin North America.