Corporate Profile for Cooper Tire & Rubber Company, dated March 21, 1997.--(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: March 21, 1997
Company Name: Cooper Tire & Rubber Company
Address: 701 Lima Avenue
Findlay, OH 45840
Main Telephone
Number: 419/423-1321
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: 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 1996 reached over $1.6 billion, increasing 8.4 percent over the prior year sales. Net income for the year reached $107.9 million, down 4.4 percent over 1995. 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 14.4 percent in 1996 and averaged 19.5 percent over the past five years. Stock reached a high of $27.38 versus a low of $17.88 during 1996. Cooper is recognized in the replacement tire market as a low-cost, high quality producer. The company uses the most advanced technology, efficient production methods and has a reputation for excellence in customer service. The company's engineered products operation serves virtually every light vehicle manufacturer in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. with complete, independent and cooperative cooperative Organization owned by and operated for the benefit of those using its services. Cooperatives have been successful in such fields as the processing and marketing of farm products and the purchasing of other kinds of equipment and raw materials, and in the design, development assistance and production using the latest manufacturing technologies. CONTACT: Cooper Tire & Rubber Company |
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