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Cooper Tire posts stronger first-quarter earnings

Goodyear Reports First Quarter 2021 Results

Goodyear Reports First Quarter 2021 Results First quarter Goodyear net income of $12 million; adjusted net income of $102 million First quarter segment operating income of $226 million, strongest first quarter since 2018 Global consumer replacement volume significantly exceeded industry, driven by large-rim diameter segment Record first quarter consumer replacement volume in Asia Pacific Americas, EMEA consumer OE volumes outpaced market First quarter revenue per tire up 3%, excluding foreign currency News provided by Share this article Share this article AKRON, Ohio, April 30, 2021 /PRNewswire/  The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the first quarter of 2021. We delivered impressive segment operating income, which was significantly above first quarter 2020 results and also nearly 20 percent higher than first quarter 2019 despite sales volumes not yet having fully recovered to pre-COVID levels, said Richard J. Kramer, chairman, c

Cooper Tire & Rubber : Stockholders Overwhelmingly Approve Proposed Merger with Goodyear

Message : Required fields Cooper Tire & Rubber Company (NYSE: CTB) today announced that its stockholders overwhelmingly voted to approve the agreement and plan of merger with The Goodyear Tire & Rubber Company (Nasdaq: GT), which was announced Feb. 22, 2021. At a special meeting of Cooper stockholders held today, approximately 99 percent of votes cast were in favor of the transaction. Goodyear is not required to hold a vote of its stockholders to approve the merger agreement. “We are pleased with the strong support of our stockholders for the proposed business combination of Cooper and Goodyear as all proposals related to the acquisition were approved,” said John Holland, Cooper Chairman. “This step is an important one in the process of bringing together our two companies to continue to meet the needs of customers, consumers and other stakeholders around the world while driving value for shareholders.”

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