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COOPER TIRE REPORTS FIRST QUARTER SALES AND EARNINGS

 COOPER TIRE REPORTS FIRST QUARTER SALES AND EARNINGS
 FINDLAY, Ohio, April 20 /PRNewswire/ -- Cooper Tire & Rubber Company (NYSE: CTB) has announced higher sales and earnings for the 1992 first quarter which ended March 31.
 Net income for the period amounted to $20.3 million, an increase of 64 percent over the first quarter of 1991 when income amounted to $12.3 million. On a per share basis, net income equaled 49 cents per share versus 30 cents per share in the period last year.
 Net sales for the first quarter were 29 percent higher than a year ago at $269.1 million. Sales in the first three months of 1991 were $207.9 million.
 "Demand was very strong for both tires and engineered products," said Ivan W. Gorr, board chairman, in announcing the quarterly results. "We are very proud of the Cooper team performance in increasing production, maintaining shipping schedules and providing support service to our customers.
 "The Cooper team has raised production levels and is bringing on additional tire manufacturing capacity as quickly as possible. We are also expanding capacity for manufacturing engineered products to meet the increasing demands of our automotive customers," he said.
 "The remaining months of 1992 will be exciting and the Cooper team will be challenged to address expansion projects and increased production schedules. We expect the year to be another excellent one for the company," Gorr concluded.
 COOPER TIRE & RUBBER COMPANY
 STATEMENT OF INCOME
 Three Months Ended
 March 31
 1992 1991
 Revenues:
 Net sales $269,105,296 $207,881,953
 Other income 222,267 104,838
 Total 269,327,563 207,986,791
 Costs and expenses:
 Cost of products sold 222,320,180 174,363,642
 Selling, general, administrative 14,637,045 12,986,092
 Interest and debt expense 553,390 1,259,418
 Total 237,510,615 188,609,152
 Income before income taxes 31,816,948 19,377,639
 Provision for income taxes 11,550,000 7,050,000
 Net income 20,266,948 12,327,639
 Net income per share $ .49 $ .30
 Weighted average shares
 outstanding 41,572,556 41,289,151
 Balance Sheet
 March 31
 1992 1991
 Assets
 Current assets:
 Cash, including short-term
 investments $ 9,516,421 $ 4,651,657
 Accounts receivable 189,742,101 151,058,362
 Inventories 73,600,089 123,204,720
 Prepaid expenses 1,934,300 1,982,870
 Total current assets 274,792,911 280,897,609
 Property, plant and
 equipment - net 402,342,800 350,629,000
 Other Assets 20,472,677 17,204,474
 Total $697,608,388 $648,731,083
 Liabilities and Stockholders' Equity
 Current liabilities:
 Trade payables and accrued
 liabilities 104,468,172 77,241,935
 Income taxes 11,007,449 5,075,560
 Current portion of long-term
 debt 5,289,000 6,095,000
 Total current liabilities 120,764,621 88,412,495
 Long-term debt 56,695,532 123,723,655
 Other long-term liabilities 21,478,900 22,386,000
 Deferred Federal income taxes 40,454,000 34,895,000
 Stockholders' equity 458,215,335 379,313,933
 Total $697,608,388 $648,731,083
 These interim statements are subject to audit and year-end adjustments.
 -0- 4/20/92
 /CONTACT: J. Alec Reinhardt of Cooper Tire & Rubber Company, 419-423-1321/
 (CTB) CO: Cooper Tire & Rubber Co. ST: Ohio IN: AUT SU: ERN


KK -- CL007 -- 9913 04/20/92 09:45 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
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