Cooper Tire & Rubber Co. will announce its first-quarter 2005 financial results before the market opens on Wednesday, April 20. A conference call discussing the financial results will begin at 9 a.m. EDT.
Individuals can access a Webcast of the conference call at the investor relations Web page at www.coopertireandrubber.com. Replay of the conference call will be available at the previously listed Web address through Saturday, April 30, 2005.
Cooper Tire's net sales for the fourth quarter of 2004 totaled $541 million, a company record. Income from continuing operations during 4Q 2004 was $3 million versus $8 million during 4Q 2003.
In North America, Cooper's sales totaled $491 million during the fourth quarter of 2004, a 4% increase compared to the same period the previous year. Operating profit was $14 million versus $24 million during the same period in 2003.
For the full year of 2004, Cooper's North American Tire operations reported sales of $1.9 billion, an 11% increase compared to $1.7 billion in 2003.
Cooper Tire's stock price on the New York Stock Exchange closed at $18.62 a share on April 6. That compares to a 52-week high and low of $23.89 and $17.20, respectively.
