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FINDLAY, Ohio--(BUSINESS WIRE)--The Board of Directors of Cooper Tire & Rubber Company (NYSE: CTB) has named Tyrone Michael (T.J.) Jordan a director of the company effective January 10. Jordan is the former President and Chief Operating Officer of DURA Automotive Systems, a leading tier one automotive supplier of electric/hybrid systems, advanced driver-assistance systems, mechatronics, lightweight structural systems, and luxury trim systems for premier automotive brands. In this role he was responsible for strategic growth and operational initiatives across the global enterprise. Under his leadership, DURA instituted new electric vehicle/hybrid smart technologies and an operationa
FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire & Rubber Company has been recognized by Forbes as one of the World’s Best Employers 2020. Cooper placed within the top 20 percent, ranking 143 out of 750 companies on the list, and ranked highly in the automotive industry, placing second among six tire companies in the category. In partnership with market research firm Statista, Forbes compiled the ranking based on employee ratings of their employer on topics such as economic footprint, gender equality, social responsibility, talent development and COVID-19 response. “Cooper is comprised of dedicated employees focused on living our company purpose, which states that everyone deserves to
Standpoint Research resumed coverage of Cooper Tire & Rubber with a rating of Sell
Standpoint Research downgraded Cooper Tire & Rubber from Buy to Sell
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4 - COOPER TIRE & RUBBER CO (0000024491) (Issuer)
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4 - COOPER TIRE & RUBBER CO (0000024491) (Issuer)
4 - COOPER TIRE & RUBBER CO (0000024491) (Issuer)
4 - COOPER TIRE & RUBBER CO (0000024491) (Issuer)
4 - COOPER TIRE & RUBBER CO (0000024491) (Issuer)
4 - COOPER TIRE & RUBBER CO (0000024491) (Issuer)
4 - COOPER TIRE & RUBBER CO (0000024491) (Issuer)
Seasoned finance executive with over 20 years of experience in financial planning and analysis as well as public company finance strategy & reporting Joins One Energy leadership team and will focus on the company's financial strategy & execution One Energy Enterprises Inc., an industrial power company, announced today the appointment of Thomas "Tom" Russell to the position of Chief Financial Officer, reporting directly to CEO Jereme Kent. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240205883801/en/One Energy CFO Thomas Russell (Photo: Business Wire) Mr. Russell is a global financial planning and analysis leader with more
FINDLAY, Ohio--(BUSINESS WIRE)--The “Coopers” are ready to rock as Cooper Tire today kicked off Driven to Perform – a nationwide garage band contest in partnership with Rock & Roll Hall of Fame inductee Alice Cooper. Cooper Tire and Alice Cooper, credited as the “godfather of shock rock,” teamed up to scour the nation and identify three talented American garage bands. Alice Cooper, who recently released his 28th album, “Detroit Stories,” will provide advice and feedback to the bands, and call on fans to cast their votes to crown the Driven to Perform winner at www.DrivenToPerformConcert.com. The victorious band will get the opportunity of a lifetime to open for Evanescence in a live
Cooper's national scholarship programs benefit children of U.S. employees Cooper Tire & Rubber Company today announced that five recent high school graduates have been selected to receive scholarships to pursue higher education. The Roy V. Armes Scholarship, a renewable scholarship which provides up to $5,000 over the next four years, was awarded to one student, and Cooper Centennial Scholarships, in the amount of $1,000 each, were awarded to five students. This year, for the first time, one student won both the Roy V. Armes and Cooper Centennial Scholarship. The Roy V. Armes Scholarship was established in 2016 to honor former Cooper Chairman, Chief Executive Officer and President, Roy A
Today, Cooper Tire & Rubber Company announced the opening of its Whiteland, Indiana regional distribution center. Located at 2400 Whiteland Rd., the newly opened 1 million-square-foot facility will provide Cooper with additional capacity for product storage and a modern design for optimizing operations. "As we strive to meet customer needs and continue providing outstanding customer service, this new, larger distribution center positions Cooper to navigate logistic requirements faster and more efficiently," said Mike Calabro, Executive Director – North America Supply Chain for Cooper. "We are also pleased the workforce from our former distribution center in Franklin, Ind. has transitioned
Cooper Tire & Rubber Company (NYSE:CTB) today announced a quarterly dividend of 10.5 cents per share on common stock payable June 24, 2021 to stockholders of record at the close of business May 27, 2021. The dividend, which is the 197th consecutive quarterly dividend from Cooper, will be paid in the event that the closing of the proposed merger with The Goodyear Tire & Rubber Company (NASDAQ:GT) occurs after the dividend record date of May 27, 2021. If the proposed merger closes on or prior to that date, the dividend will not be paid. As previously announced, Cooper stockholders, on April 30, 2021, voted to approve the agreement and plan of merger with Goodyear. The companies continue to
All-season tire boasts strong off-road features alongside smooth on-road manners With summer road trip season fast approaching, Cooper Tire & Rubber Company has announced the U.S. launch of the new Discoverer® Rugged Trek™ tire, which is now available for consumers nationwide. An all-season pickup truck and SUV tire, the Discoverer Rugged Trek offers drivers the flexibility of reliable, every day on-road performance in addition to a powerful, rugged design for off-road adventurers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210504005132/en/Cooper Tire has launched the new Discoverer Rugged Trek tire, an all-season pickup tru
Cooper Tire & Rubber Company (NYSE:CTB) today reported first quarter 2021 net income of $22 million, or diluted earnings per share of $0.43, compared with a net loss of $12 million, or diluted loss per share of $0.23, for the same period last year. First Quarter Highlights Global unit volume increased 16.6 percent compared to the first quarter of 2020. Net sales increased 23.3 percent from the first quarter of 2020 to $656 million. Operating profit was $38 million, or 5.8 percent of net sales, compared to an operating loss of $6 million, or 1.2 percent of net sales, in 2020. The quarter included $11 million of costs related to the proposed merger with Goodyear. Net income was $2
Cooper Tire & Rubber Company (NYSE:CTB) today announced that its stockholders overwhelmingly voted to approve the agreement and plan of merger with The Goodyear Tire & Rubber Company (NASDAQ:GT), which was announced Feb. 22, 2021. At a special meeting of Cooper stockholders held today, approximately 99 percent of votes cast were in favor of the transaction. Goodyear is not required to hold a vote of its stockholders to approve the merger agreement. "We are pleased with the strong support of our stockholders for the proposed business combination of Cooper and Goodyear as all proposals related to the acquisition were approved," said John Holland, Cooper Chairman. "This step is an important o
As contest winner, South of Eden will open for Evanescence in Livestream Concert May 13 After scouring the nation to find America's most talented garage bands, and opening the voting to fans across the country, Cooper Tire and legendary rocker Alice Cooper have announced the winner of the "Driven to Perform" garage band contest. It's official—South of Eden will take home the winning prize, which is the opening act spot for Evanescence in a livestream concert on May 13. Evanescence's latest album, "The Bitter Truth," reached #1 on the iTunes Albums chart in 22 countries. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210429005911
Three bands chosen to compete; winner will open for Evanescence in special livestream concert May 13 The "Coopers" are ready to rock as Cooper Tire today kicked off Driven to Perform – a nationwide garage band contest in partnership with Rock & Roll Hall of Fame inductee Alice Cooper. Cooper Tire and Alice Cooper, credited as the "godfather of shock rock," teamed up to scour the nation and identify three talented American garage bands. Alice Cooper, who recently released his 28th album, "Detroit Stories," will provide advice and feedback to the bands, and call on fans to cast their votes to crown the Driven to Perform winner at www.DrivenToPerformConcert.com. The victorious band will get t
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Cooper Tire & Rubber Company (NYSE:CTB) today announced a quarterly dividend of 10.5 cents per share on common stock payable June 24, 2021 to stockholders of record at the close of business May 27, 2021. The dividend, which is the 197th consecutive quarterly dividend from Cooper, will be paid in the event that the closing of the proposed merger with The Goodyear Tire & Rubber Company (NASDAQ:GT) occurs after the dividend record date of May 27, 2021. If the proposed merger closes on or prior to that date, the dividend will not be paid. As previously announced, Cooper stockholders, on April 30, 2021, voted to approve the agreement and plan of merger with Goodyear. The companies continue to
Cooper Tire & Rubber Company (NYSE:CTB) today reported first quarter 2021 net income of $22 million, or diluted earnings per share of $0.43, compared with a net loss of $12 million, or diluted loss per share of $0.23, for the same period last year. First Quarter Highlights Global unit volume increased 16.6 percent compared to the first quarter of 2020. Net sales increased 23.3 percent from the first quarter of 2020 to $656 million. Operating profit was $38 million, or 5.8 percent of net sales, compared to an operating loss of $6 million, or 1.2 percent of net sales, in 2020. The quarter included $11 million of costs related to the proposed merger with Goodyear. Net income was $2
Cooper Tire & Rubber Company (NYSE:CTB) today announced that its stockholders overwhelmingly voted to approve the agreement and plan of merger with The Goodyear Tire & Rubber Company (NASDAQ:GT), which was announced Feb. 22, 2021. At a special meeting of Cooper stockholders held today, approximately 99 percent of votes cast were in favor of the transaction. Goodyear is not required to hold a vote of its stockholders to approve the merger agreement. "We are pleased with the strong support of our stockholders for the proposed business combination of Cooper and Goodyear as all proposals related to the acquisition were approved," said John Holland, Cooper Chairman. "This step is an important o
FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire & Rubber Company (NYSE: CTB) today reported full year 2020 net income of $143 million, or diluted earnings per share of $2.83, compared with net income of $96 million, or $1.91 diluted earnings per share, for the prior year. Full Year 2020 Highlights Global unit volume decreased 13.0 percent compared to the prior year. Net sales were $2.52 billion compared to $2.75 billion the prior year. Operating profit was $231 million, or 9.2 percent of net sales, compared to $174 million, or 6.3 percent of net sales, in 2019. Fourth Quarter Highlights Global unit volume decreased 9.8 percent compared to the fourth quarter of 2019. Net
FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire & Rubber Company (NYSE: CTB) today announced a quarterly dividend of 10.5 cents per share on common stock, payable March 26, 2021 to stockholders of record at the close of business March 1, 2021. This will mark the 196th consecutive quarterly dividend paid by Cooper Tire & Rubber Company. About Cooper Tire & Rubber Company Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a global family of companies that specializes in the design, manufacture, marketing and sale of passenger car, light truck, medium truck, motorcycle and racing tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, tec