Corporate Profile for Cooper Tire & Rubber Co., dated May 1, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 1, 1998
Company Name: Cooper Tire & Rubber Co.
Address: 701 Lima Ave.
Findlay, OH 45840
Main Telephone
Number: 419/423-1321
Internet Home
Page Address
(URL): www.coopertire.com
Chief Executive
Officer: Patrick W. Rooney
Chief Financial
Officer: J. Alec Reinhardt
Investor Relations
Contact: J. Alec Reinhardt
Business number: 419/423-1321
Public Relations
Contact: Patricia J. Brown
Business number: 419/423-1321
Trading Symbol/
Exchange: NYSE:CTB
Industry: Tires & Rubber
Company description: Founded in 1914, Cooper Cooper may refer to:
The company markets its products nationally and internationally through well-established channels of distribution. Among its customers are automotive manufacturing companies, independent tire dealers and wholesale distributors, and large retail chains. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in 1997 reached over $1.8 billion, increasing 12 percent over the prior year sales. Net income reached $122.4 million, an increase of 13.5 percent over 1996. Return on beginning stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. was 15.6 percent in 1997 and averaged 17.8 percent over the past five years. Stock reached a high of $28.437 and a low of $18.00 during 1997. Cooper is recognized in the replacement tire market as a high-quality, low-cost producer. The company uses advanced technology along with efficient production methods and has a reputation for excellence in customer service. In the engineered products field, Cooper is well-known well-known adj. 1. Widely known; familiar or famous: a well-known performer. 2. Fully known: well-known facts. for innovative technology and world-class world-class adj. 1. Ranking among the foremost in the world; of an international standard of excellence; of the highest order: a world-class figure skater. 2. manufacturing processes. CONTACT: Cooper Tire & Rubber Co. |
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