Cooper Ups Earnings

April 16, 2004
Cooper Tire & Rubber Co. estimates its earnings per share, including restructuring costs, will be in the range of 30 to 34 cents— an increase over its previous forecast of 24- to 28-cents per share, excluding restructuring expenses. The upswing in earnings is a result of higher sales, strong operating performance from Cooper-Standard Automotive, and a lower-than-anticipated impact from steel prices

Cooper Tire & Rubber Co. estimates its earnings per share, including restructuring costs, will be in the range of 30 to 34 cents— an increase over its previous forecast of 24- to 28-cents per share, excluding restructuring expenses.

The upswing in earnings is a result of higher sales, strong operating performance from Cooper-Standard Automotive, and a lower-than-anticipated impact from steel prices and raw materials. Dow Jones Newswires reports that its contract work on Ford Motor Co.’s F-Series trucks played a large hand in earnings estimates.

Cooper Tire is expected to release its 1Q earnings report on April 22.

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!