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COOPER TIRE ANNOUNCES STRONG THIRD QUARTER RESULTS

 COOPER TIRE ANNOUNCES STRONG THIRD QUARTER RESULTS
 FINDLAY, Ohio, Oct. 15 /PRNewswire/ -- Cooper Tire & Rubber Company


(NYSE: CTB) today announced continuing growth in sales and earnings for the third quarter and for the first nine months of 1992.
 Net sales for the quarter ended Sept. 30 amounted to $305.2 million, an increase of 6 percent over 1991 third quarter sales of $288.9 million. Net income during the period equaled $31.8 million, a 44 percent increase over the $22.1 million generated in the comparable period last year. On a per share basis earnings amounted to 38 cents for the 1992 quarter versus 26 cents for the 1991 quarter.
 Sales for the nine months of 1992 equaled $880.7 million compared with $747.0 million a year earlier, an 18 percent increase. Earnings for the three quarters were $78.6 million, an increase of 46 percent from prior year nine month earnings of $53.9 million.
 Cooper chairman Ivan W. Gorr, in announcing the quarterly results, said, "During the quarter the Cooper team turned in an excellent performance by improving operating efficiencies and providing quality service and products to match the needs of our customers. Demand for both tire products and engineered products remained at very satisfactory levels, and everyone worked hard at improving our competitive position in the industry.
 "We are accelerating our expansion programs to increase manufacturing capacities, distribution facilities and services to meet the demands of our customers. The Cooper team accepts the challenge to supply the growing market demand for our quality products and to seek opportunities to further improve productivity and contain costs. We should finish 1992 with a strong quarter for another record year of sales and operating earnings, generating a very favorable return on our stockholders' investment."
 COOPER TIRE & RUBBER COMPANY
 STATEMENT OF INCOME
 Quarter Ended
 September 30
 1992 1991
 Revenues:
 Net sales $305,211,242 $288,890,135
 Other income 394,215 68,262
 Total 305,605,457 288,958,397
 Costs and expenses:
 Cost of products sold 240,383,985 238,988,597
 Selling, general, administrative 14,659,717 14,101,526
 Interest and debt expense 454,115 1,258,854
 Total 255,497,817 254,348,977
 Income before income taxes 50,107,640 34,609,420
 Provision for income taxes 18,260,000 12,520,000
 Net income $ 31,847,640 $ 22,089,420
 Net income per share $ .38 $ .26(A)
 Weighted average shares
 outstanding 83,465,433 82,802,030(A)
 Nine Months Ended
 September 30
 1992 1991
 Revenues:
 Net sales $880,720,847 $747,031,475
 Other income 863,162 319,807
 Total 881,584,009 747,351,282
 Costs and expenses:
 Cost of products sold 712,396,955 619,008,039
 Selling, general, administrative 43,970,396 39,415,442
 Interest and debt expense 1,505,738 4,047,202
 Total 757,873,089 662,470,683
 Income before income taxes 123,710,920 84,880,599
 Provision for income taxes 45,160,000 30,950,000
 Net income 78,550,920 53,930,599
 Net income per share $ .94 $ .65(A)
 Weighted average shares
 outstanding 83,312,429 82,676,866(A)
 Balance Sheet
 September 30
 1992 1991
 Assets
 Current assets:
 Cash, including short-term
 investments $ 60,249,559 $ 8,169,379
 Accounts receivable 208,548,083 195,186,812
 Inventories 59,718,507 70,903,217
 Prepaid expenses 2,503,240 2,871,503
 Total current assets 331,019,389 277,130,911
 Property, plant and
 equipment - net 434,484,697 375,669,516
 Other assets 24,189,287 20,475,520
 Total $789,693,373 $673,275,947
 Liabilities and Stockholders' Equity
 Current liabilities:
 Trade payables and accrued
 liabilities $143,016,289 $112,259,905
 Income taxes 10,527,517 3,773,798
 Current portion of long-term debt 5,305,000 6,125,000
 Total current liabilities 158,848,806 122,158,703
 Long-term debt 52,811,844 71,277,521
 Other long-term liabilities 22,421,000 23,778,000
 Deferred Federal income taxes 45,345,000 39,395,000
 Stockholders' equity 510,266,723 416,666,723
 Total $789,693,373 $673,275,947
 These interim statements are subject to audit and year-end adjustments.
 (A) Restated to reflect a two-for-one stock split in June 1992.
 -0- 10/15/92
 /CONTACT: J. Alec Reinhardt of Cooper Tire & Rubber Company, 419-423-1321/
 (CTB) CO: Cooper Tire & Rubber Co. ST: Ohio IN: AUT SU: ERN


BM -- CL009 -- 0341 10/15/92 10:47 EDT
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