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Cooper Tire & Rubber Co (CTB.N)

CTB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cooper Tire's Partner In GRT JV To Change As Share Transfer Agreement Is Signed
Wednesday, 26 Sep 2018 08:00am EDT 

Sept 26 (Reuters) - Cooper Tire & Rubber Co ::COOPER TIRE’S PARTNER IN GRT JOINT VENTURE TO CHANGE AS SHARE TRANSFER AGREEMENT IS SIGNED.COOPER TIRE & RUBBER - SAILUN JINYU GROUP SIGNED SHARE TRANSFER AGREEMENT WITH QINGDAO YIYUAN INVESTMENT TO ACQUIRE QYI'S 35 PERCENT INTEREST IN GRT.  Full Article

Cooper Tire & Rubber Says On Feb 15, Co Entered Into Amendment No. 2 To Credit Agreement - SEC Filing
Tuesday, 20 Feb 2018 09:56am EST 

Feb 20 (Reuters) - Cooper Tire & Rubber Co ::COOPER TIRE & RUBBER SAYS ON FEB 15, CO ENTERED INTO AMENDMENT NO. 2 TO CREDIT AGREEMENT - SEC FILING.COOPER TIRE & RUBBER CO - AMENDMENT MODIFIED TERMS OF THAT CERTAIN CREDIT AGREEMENT, DATED AS OF MAY 27, 2015.COOPER TIRE & RUBBER CO - AMENDED TERMS OF REVOLVING CREDIT AGREEMENT TO EXTEND MATURITY DATE OF REVOLVING CREDIT FACILITY TO FEB 15, 2023.  Full Article

Cooper Tire to Open New Mississippi Distribution Center
Wednesday, 7 Feb 2018 02:30pm EST 

Feb 7 (Reuters) - Cooper Tire & Rubber Co ::COOPER TIRE & RUBBER - TO EXPAND PRODUCT DISTRIBUTION NETWORK IN U.S. WITH OPENING OF NEW 1 MILLION-SQUARE-FOOT WAREHOUSE IN BYHALIA, MISS.COOPER TIRE & RUBBER SAYS WILL LEASE FACILITY IN MISSISSIPPI, WHICH IS CURRENTLY UNDER CONSTRUCTION AND IS SLATED TO OPEN IN FALL OF 2018.  Full Article

COOPER TIRE & RUBBER REPORTS Q3 EARNINGS PER SHARE $1.18
Monday, 30 Oct 2017 07:00am EDT 

Oct 30 (Reuters) - Cooper Tire & Rubber Co :​:COOPER TIRE & RUBBER COMPANY REPORTS THIRD QUARTER 2017 RESULTS; MANAGEMENT UPDATES GUIDANCE.Q3 EARNINGS PER SHARE $1.18.Q3 SALES $734 MILLION VERSUS I/B/E/S VIEW $787.6 MILLION.Q3 EARNINGS PER SHARE VIEW $0.85 -- THOMSON REUTERS I/B/E/S.QTRLY ‍CONSOLIDATED UNIT VOLUME DECREASED 2.0 PERCENT COMPARED TO PRIOR YEAR​.SEES Q4 ‍OPERATING MARGIN BELOW PREVIOUS MID-TERM TARGET OF 8 PERCENT TO 10 PERCENT.SEES ‍FULL YEAR 2017 CAPITAL EXPENDITURES BETWEEN $190 MILLION AND $210 MILLION​.SEES ‍FY 2017 CONSOLIDATED OPERATING MARGIN NEAR HIGH END OF PREVIOUS MID-TERM TARGET OF 8 PERCENT TO 10 PERCENT.SEES MODEST SEQUENTIAL INCREASE IN RAW MATERIAL COSTS​ IN Q4.  Full Article

Cooper Tire & Rubber Q2 earnings per share $0.85
Friday, 4 Aug 2017 07:00am EDT 

Aug 4 (Reuters) - Cooper Tire & Rubber Co :Cooper Tire & Rubber Company reports second quarter 2017 results.Q2 earnings per share $0.85.Q2 sales $721 million versus i/b/e/s view $767.8 million.Q2 earnings per share view $0.74 -- Thomson Reuters I/B/E/S.Qtrly consolidated unit volume decreased 0.5 percent compared with a year ago.Cooper Tire & Rubber Co - unit volume in u.s. Is expected to be in line with industry for second half of 2017.Cooper Tire & Rubber Co - for full year 2017, unit volume growth is expected in international segment and in latin america.Cooper Tire & Rubber Co - capital expenditures are expected to range between $200 and $220 million for year..Cooper Tire & Rubber - fy consolidated operating margin is expected to be at high end of co's previously announced mid-term target of 8 to 10 percent.  Full Article

COOPER TIRE & RUBBER SETS QUARTERLY DIVIDEND OF $0.105 PER SHARE
Friday, 5 May 2017 10:30am EDT 

May 5 (Reuters) - Cooper Tire & Rubber Co :SETS QUARTERLY DIVIDEND OF $0.105 PER SHARE.  Full Article

Cooper Tire & Rubber Co Q1 earnings per share $0.57
Thursday, 27 Apr 2017 07:00am EDT 

April 27 (Reuters) - Cooper Tire & Rubber Co :Cooper tire & rubber company reports first quarter 2017 results.Q1 earnings per share $0.57.Q1 sales fell 1 percent to $643 million.Says reaffirms full year 2017 guidance at high end of 8 to 10 percent consolidated operating profit margin range.Qtrly consolidated unit volume up 2.9 percent.Cooper tire & rubber co - latest forecast anticipates raw material costs to be up modestly in q2 2017, and then will stabilize throughout balance of year.Cooper tire & rubber co - for full year 2017 capital expenditures are expected to range from $220 million to $250 million.Cooper tire & rubber co - effective tax rate for full year 2017 is expected to be in a range of 30 percent to 33 percent.Says fy 2017 unit volume in u.s. Is expected to improve relative to industry for q2 and be in line.Q1 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.Q1 revenue view $687.9 million -- Thomson Reuters I/B/E/S.  Full Article

Cooper Tire & Rubber reports Q4 earnings per share $1.28
Friday, 17 Feb 2017 07:02am EST 

Cooper Tire & Rubber Co : Cooper Tire & Rubber Company reports fourth quarter and full year 2016 results; issues 2017 guidance . Q4 earnings per share $1.28 . Q4 sales $784 million versus I/B/E/S view $767.7 million . Q4 earnings per share view $0.92 -- Thomson Reuters I/B/E/S . Qtrly unit volume up 7.7 percent, with increases in both Americas and international segments . Cooper Tire & Rubber Co - for 2017, company anticipates unit volume growth in each of its four segments . Says "expect raw material costs, which began to increase sharply toward end of 2016, to continue to rise in 2017" . Says "expect rising raw material costs to impact results in short term, until pricing adjusts for such costs" . Cooper Tire & Rubber -for 2017, anticipates total co operating margin to be at high end of co's previously announced mid-term target of 8 to 10 percent .Cooper Tire & Rubber Co - capital expenditures for 2017 are expected be in range of $220 to $250 million.  Full Article

COOPER TIRE & RUBBER SETS QUARTERLY DIVIDEND OF $0.105 PER SHARE
Thursday, 16 Feb 2017 11:15am EST 

Cooper Tire & Rubber Co :SETS QUARTERLY DIVIDEND OF $0.105 PER SHARE.  Full Article

Cooper Tire distribution center in Georgia sustains tornado damage
Friday, 27 Jan 2017 05:38pm EST 

Cooper Tire & Rubber Co : Distribution center leased by Cooper Tire in Albany, Georgia, sustains tornado damage; no injuries; customer orders being rerouted . Cooper Tire & Rubber Co - there were no injuries at facility, which is operated for Cooper by a third party logistics firm .Cooper Tire & Rubber Co - process to assess damages is ongoing.  Full Article

BRIEF-Cooper Tire & Rubber Company Outlines Strategic Plan At Investor Day Provides Mid-Term Financial Targets

* COOPER TIRE & RUBBER COMPANY OUTLINES STRATEGIC PLAN AT INVESTOR DAY; PROVIDES MID-TERM FINANCIAL TARGETS