Cooper Tire (CTB) Tops Q3 EPS by 3c
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Cooper Tire & Rubber Company Reports Third Quarter 2016 Results
October 31, 2016 7:00 AM EDTCompany posts record operating profit for first nine months of 2016; Q3 operating profit of $78 million, or 10.4 percent of net sales, is inclusive of $11.5 million non-cash pension settlement charge
FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported third quarter 2016 net income of $49 million, or diluted earnings per share of $0.90, compared with $53 million, or $0.93 per share, last year. The quarter included a non-cash pension settlement charge of $11.5 million related to lump-sum distribution of benefits offered to certain former employees. Excluding the non-cash pension settlement charge, diluted earnings per share... More
