Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Cooper Tire & Rubber Co    CTB

Delayed Quote. Delayed  - 07/26 10:02:51 pm
32.39 USD   +7.00%
07/01 COOPER TIRE & R : New Cooper Zeon RS3-G1 All-Season Tire Gives High ..
06/30 COOPER TIRE & R : to Release Second Quarter 2016 Financial Results A..
06/21 COOPER TIRE & R : Rolls into New Orleans as HISTORY®’s Preferr..
News SummaryMost relevantAll newsSector news 

Cooper Tire & Rubber Company : - Cooper Tire, USW Reached Tentative Agreement in Findlay

share with twitter share with LinkedIn share with facebook
share via e-mail
02/24/2012 | 10:25pm CEST

FINDLAY, OHIO, FEBRUARY 24, 2012 - COOPER TIRE & RUBBER COMPANY (NYSE: CTB) and United Steelworkers (USW) Local 207L reached a tentative agreement on a new five-year labor contract almost four months after the previous contract had expired. Details of the agreement are being held pending presentation to the union's membership. The proposal will be presented to union members for ratification on Saturday, February 25, with a vote scheduled for Monday, February 27.

Cooper's USW-represented employees in Findlay were locked out on November 28, 2011, after the first tentative agreement was rejected. However, both Cooper and the union leadership feel the new tentative agreement reached today addresses many of the concerns expressed by the membership and allows Cooper to attain the productivity it requires to remain competitive in North America.

"The Findlay plant and its members have been a critical component of Cooper's success throughout the years as well as a key contributor to the Findlay community," said Jack Hamilton, Findlay Plant Manager. "Our main objective during this negotiation was to attain a long-term agreement that better positioned the Findlay plant to succeed in a global competitive environment. We are happy to have reached an agreement that will bring our co-workers back to work with a competitive compensation and benefits package while also solidifying Cooper's ability to profitably grow our business in the North American market."

Rod Nelson, President of USW Local 207L, added, "Our members wanted a fair contract, and we want this plant to be the best in the Company. Through some difficult negotiations, we were able to tackle several key issues our people had with the previous tentative agreement and help the Company reach its productivity goals. We are proud to work for Cooper and look forward to contributing to its future."

Details of when the Findlay plant employees will return to work will be released upon ratification of the tentative agreement.

About Cooper Tire & Rubber Company
Cooper Tire & Rubber Company (Cooper) is the parent company of a global family of companies that specialize in the design, manufacture, marketing, and sales of passenger car and light truck tires. Cooper has joint ventures, affiliates and subsidiaries that also specialize in medium truck, motorcycle and racing tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design facilities within its family of companies, located in 11 countries around the world. For more information on Cooper, visit www.coopertire.com, www.facebook.com/coopertire, www.twitter.com/coopertire.

Company Contact: Michelle Zeisloft, (419)423-1321

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on COOPER TIRE & RUBBER CO
07/06 COOPER TIRE & RUBBER : NHTSA Issues Grant of Petition for Inconsequential Noncom..
07/05 COOPER TIRE & RUBBER COMPANY : Grant of Petition for Decision of Inconsequential..
07/01 COOPER TIRE & RUBBER : New Cooper Zeon RS3-G1 All-Season Tire Gives High Perform..
07/01 COOPER TIRE & RUBBER : Rolls into New Orleans as HISTORY®'s Preferred Tire of Bi..
06/30 COOPER TIRE & RUBBER COMPANY : to Release Second Quarter 2016 Financial Results ..
06/21 COOPER TIRE & RUBBER : Rolls into New Orleans as HISTORY®’s Preferred Tire..
06/18 COOPER TIRE & RUBBER COMPANY : Yearly Sales Target At $797.09
06/15 COOPER TIRE & RUBBER : Consumer Goods Sector Equities in Motion -- The Goodyear ..
06/09 COOPER TIRE & RUBBER COMPANY : Names Bryan Hesse Vice President of Marketing for..
06/06 COOPER TIRE & RUBBER : Rewards Drivers During Take the Money and Ride® Summer Ev..
More news
Sector news : Tire & Tube Manufacturers
07/26DJMICHELIN CGDE : 1st Half Profit Advances on Cost Cuts
06/13DJEMC : Business Watch -- WSJ
06/07DJBusiness Watch -- WSJ
06/06DJMICHELIN CGDE : CEO Senard Sees Tire Sales Rising 20% by 2020
04/27DJGOODYEAR TIRE & RUBBER : Profit Down on Venezuela, U.S. Capacity Constraints
More sector news : Tire & Tube Manufacturers
News from SeekingAlpha
07/20 Cooper Tire - Tread Softly
06/14 Sears to sell DieHard tires at automotive centers
05/20 COOPER TIRE & RUBBER CO. : Catching A Falling [Rubber] Knife
05/06 Cooper Tire & Rubber declares $0.105 dividend
04/29 Cooper Tire & Rubber's (CTB) CEO Roy Armes on Q1 2016 Results - Earnings Call..
Financials ($)
Sales 2016 2 965 M
EBIT 2016 363 M
Net income 2016 224 M
Finance 2016 125 M
Yield 2016 1,30%
P/E ratio 2016 7,94
P/E ratio 2017 8,47
EV / Sales 2016 0,56x
EV / Sales 2017 0,55x
Capitalization 1 787 M
More Financials
Duration : Period :
Cooper Tire & Rubber Co Technical Analysis Chart | CTB | US2168311072 | 4-Traders
Full-screen chart
Technical analysis trends COOPER TIRE & RUB...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 42,0 $
Spread / Average Target 30%
Consensus details
EPS Revisions
More Estimates Revisions
Roy V. Armes Chairman, President & Chief Executive Officer
Bradley E. Hughes Chief Operating Officer & Senior Vice President
Ginger M. Jones Chief Financial Officer & Vice President
John F. Meier Lead Independent Director
John H. Shuey Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
COOPER TIRE & RUBBER C..-14.43%1 670
MRF LIMITED-12.92%2 183
More Results