Cooper Tire reports fourth-quarter loss
February 27, 2009
Filed under Features
Cooper Tire & Rubber Co. showed a net loss of $143 million for the fourth quarter that ended Dec. 31, the company reported.
Net sales for the quarter were down nearly 17 percent from the previous year period to $636 million.
North American fourth-quarter tire operations sales were $511 million. Operating losses for the quarter were $109 million compared to profit of $45 million from the prior year period.
International tire operations showed an increase of 11 percent for the full year’s net sales, which reached $975 million. The company showed a decrease in sales for its fourth quarter compared to 2007.