FINDLAY, Ohio (April 22)—Cooper Tire & Rubber Co. posted net income of $26 million on sales that rose 7 percent to $813 million for the first quarter. Operating profit increased 143 percent to $61 million, as Cooper's restructuring began to pay off. Unit sales in the tire segment rose 15 percent vs. the industry's 5-percent increase, while dollar sales improved 12 percent to $433.4 million. The most significant increases were in the Cooper and Mastercraft branded products, said Thomas A. Dattilo, chairman, president and CEO, during an earnings call. Cooper-Standard Automotive profits more than doubled to $21.4 million on sales that rose 2.4 percent to $386 million. North American automotive parts sales increased 7 percent, doubling the industry growth rate.
Cooper tire, auto sales outpace industry in first quarter
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