Corporate Profile for Cooper Tire & Rubber Company
9 April 1999
Corporate Profile for Cooper Tire & Rubber Company, dated April 9, 1999
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Published Date: April 9, 1999
Company Name: Cooper Tire & Rubber Company
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: Philip G. Weaver
Investor Relations
Contact: Philip G. Weaver
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 Tire & Rubber Company specializes in the manufacturing and marketing of rubber products for consumer use. Products include automobile, truck and motorcycle tires; inner tubes; vibration control systems; automotive sealing; hoses and assemblies.
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 in 1998 reached almost $1.9 billion, increasing 3.5 percent over the prior year sales. Net income reached $126.97 million, an increase of 3.7 percent over 1997. Return on beginning stockholders' equity was 15.2 percent in 1998 and averaged 16.7 percent over the past five years. Stock reached a high of $26.25 and a low of $15.44 during 1998.
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 for innovative technology and world-class manufacturing processes.