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Cooper Tire & Rubber down after margins suffer [Seeking Alpha]

COOPER TIRE & RUBBER (CTB)  More Company Research Source: Seeking Alpha
Last cooper tire & rubber earnings: 8/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: us.coopertire.com
PDF Cooper Tire & Rubber down after margins sufferCooper Tire & Rubber (NYSE:CTB) reports unit volume slipped 1.9% inQ4.Americas tire sales fell 7.1% to $645M due to 6.2% decline in unit volume.International tire sales up 30.5% to $162M andInternational unit volume grew 15%, with increased unit volume in Asia.Gross margin rate squeezed 690 bps to 14.7%.SG&A expense rate +40 bps to 8.5%.Operating margin rate fell 720 bps to 6.2%.Americas tire operating margin rate down 740 bps to 9.4%.FY2018 Guidance: Effective tax rate: 23% to 26%; Capex: $215M to $235M.CTB-4.49% premarket.See all stocks on the move »Now read:More on Fresh Del Monte's Q4 » [Read more]

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