Cooper knocked back its inventory in late 2006

March 1, 2007

Cooper Tire & Rubber Co. reduced its North American Tire inventory by 1.2 million units in late 2006. The reduction generated $57 million in cash and also generated a pre-tax gain of nearly $9 million.

Despite the cutback, Cooper maintained fill rates of more than 92% during the fourth quarter, Cooper CEO and President Roy Armes told analysts during a conference call on March 1.