Cooper Tire & Rubber Company is the parent company of a global family of companies that specializes in the design, manufacture, marketing and sale of passenger car, light truck, medium truck, motorcycle and racing tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design operations within its family of companies located in more than one dozen countries around the world.

Company profile
Ticker
CTB
Exchange
Website
CEO
Bradley Hughes
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Cooper International Holding Corporation • Cooper International • Cooper Tire & Rubber Company de Mexico S.A. • Cooper Tire & Rubber Company Brazil Ltda. • Corporación de Occidente SA • Inversionistas del Bajío SA • Cooper Latin America Services, SRL • Cooper de Mexico • Cooper Tire & Rubber Company Columbia S.A.S. • Cooper Receivables LLC ...
IRS number
344297750
CTB stock data
Calendar
3 May 21
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
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Diluted EPS |
Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 531.67M | 531.67M | 531.67M | 531.67M | 531.67M | 531.67M |
Cash burn (monthly) | 39.28M | (no burn) | (no burn) | (no burn) | 13.39M | (no burn) |
Cash used (since last report) | 640.47M | n/a | n/a | n/a | 218.39M | n/a |
Cash remaining | -108.8M | n/a | n/a | n/a | 313.28M | n/a |
Runway (months of cash) | -2.8 | n/a | n/a | n/a | 23.4 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Jun 21 | Walker Brian C | Phantom Stock Common Stock | Sale back to company | Dispose D | No | No | 59.48 | 15,839 | 942.1K | 0 |
7 Jun 21 | Young Mark A. | Common Stock | Sale back to company | Dispose D | No | No | 0 | 842 | 0 | 0 |
7 Jun 21 | Young Mark A. | Common Stock | Grant | Acquire A | No | No | 0 | 842 | 0 | 842 |
7 Jun 21 | Young Mark A. | Common Stock | Sale back to company | Dispose D | No | No | 0 | 3,656 | 0 | 0 |
7 Jun 21 | Young Mark A. | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 212 | 0 | 0 |
7 Jun 21 | Young Mark A. | Common Stock | Sale back to company | Dispose D | No | No | 0 | 2,656 | 0 | 3,656 |
7 Jun 21 | Gerald C Bialek | Common Stock | Sale back to company | Dispose D | No | No | 0 | 2,101 | 0 | 0 |
7 Jun 21 | Gerald C Bialek | Common Stock | Grant | Acquire A | No | No | 0 | 2,101 | 0 | 2,101 |
7 Jun 21 | Gerald C Bialek | Common Stock | Sale back to company | Dispose D | No | No | 0 | 7,968 | 0 | 0 |
7 Jun 21 | Gerald C Bialek | Common Stock | Sale back to company | Dispose D | No | No | 0 | 3,921 | 0 | 7,968 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Financial report summary
?Risks
- Impact of the ongoing COVID-19 pandemic, or similar public health crises, on the Company's operations, distribution channels, customers and suppliers.
- Pricing volatility for raw materials or commodities or an inadequate supply of key raw materials could result in increased costs and may significantly affect the Company’s profitability.
- Any interruption in the Company’s skilled workforce, or that of its suppliers or customers, including labor disruptions, could impair its operations and harm its earnings and results of operations.
- If the Company is unable to attract and retain key personnel, its business could be materially adversely affected.
- The Company’s industry is highly competitive, and the Company may not be able to compete effectively with lower-cost producers and larger competitors.
- The Company has and could in the future incur restructuring charges and other costs as it continues to execute actions in an effort to improve future profitability and competitiveness and may not achieve the anticipated savings and benefits from these actions.
- If the price of energy sources increases, the Company’s operating expenses could increase significantly or the demand for the Company’s products could be affected.
- If assumptions used in developing the Company’s strategic plan are inaccurate or the Company is unable to execute its strategic plan effectively, its profitability and financial position could be negatively impacted.
- The Company may not be successful in executing and integrating investments and acquisitions into its operations, which could harm its results of operations and financial condition.
- There are risks associated with the Company’s global strategy, which includes using joint ventures and partially-owned subsidiaries.
- The Company’s expenditures for pension and other postretirement obligations could be materially higher than it has predicted if its underlying assumptions prove to be incorrect.
- The realizability of deferred tax assets may affect the Company’s profitability and cash flows.
- A disruption in, or failure of, the Company’s information technology systems, including those related to cybersecurity, could adversely affect the Company’s business operations and financial performance.
- If the Company fails to develop technologies, processes or products needed to keep up with rapidly evolving distribution channels and to support consumer and customer demand or, changes in consumer or customer behavior, it may lose significant market share or be unable to recover associated costs.
- The Company may fail to successfully develop or implement information technologies or related systems, resulting in a significant competitive disadvantage.
- The Company may not be able to protect its intellectual property rights adequately.
- The Company’s results could be impacted by changes in tariffs, trade agreements or other trade restrictions imposed by the U.S. or other governments on imported tires, raw materials or equipment used in tire manufacturing.
- The Company may be adversely affected by legal actions, including product liability claims which, if successful, could have a negative impact on its financial position, cash flows and results of operations.
- Compliance with legal and regulatory initiatives could increase the cost of operating the Company’s business.
- Compliance with and changes in tax laws could materially and adversely impact our financial condition, results of operations and cash flows.
- The impact of proposed new accounting standards may have a negative impact on the Company’s financial statements.
- The Company is facing risks relating to healthcare legislation.
- Environmental issues, including climate change, or legal, regulatory or market measures to address environmental issues, may negatively affect the Company's business and operations and cause it to incur significant costs.
- The Company is facing heightened risks due to the uncertain business environment.
- The Company conducts its manufacturing, sales and distribution operations on a worldwide basis and is subject to risks associated with doing business outside the U.S.
- The results of the United Kingdom’s referendum on withdrawal from the European Union may have a negative effect on global economic conditions, financial markets or the Company’s business.
- The Company has a risk due to volatility of the capital and financial markets.
- LIBOR reform, increases in interest rates or changes in credit ratings may negatively impact the Company.
- A failure in the Company's internal financial controls could adversely affect the Company's business operations and financial performance.
- The Company has been and may continue to be impacted by currency fluctuations, which may reduce reported results for the Company’s international operations and otherwise adversely affect the business.
Management Discussion
- Consolidated net sales for the first quarter of 2021 were $656 million compared with $532 million in the first quarter of 2020, an increase of $124 million. In 2021, the Company experienced higher unit volume of $88 million. The first quarter of 2020 was negatively impacted by the market slowdown caused by COVID-19. The Company also experienced favorable price and mix of $30 million and favorable foreign currency impact of $6 million in the first quarter of 2021 as compared to the first quarter of 2020.
- The Company recorded an operating profit of $38 million in the first quarter of 2021, compared to an operating loss of $6 million in 2020. The Company's 2021 operating profit benefited from $29 million of higher unit volume, $13 million of favorable price and mix, $3 million of decreased manufacturing costs and $2 million of lower product liability expense compared to the first quarter of 2020. The first quarter of 2020 unit volume was negatively impacted by the market slowdown caused by COVID-19, which also included production days lost due to plant shut downs as a result of the pandemic. The first quarter of 2021 included $7 million of lower raw material costs, with reduction in tariff costs as a result of the Company's sourcing strategy offsetting higher raw material costs. The first quarter of 2021 also included $20 million of higher selling, general and administrative expenses. The first quarter of 2020 included $11 million of restructuring costs within the Americas Tire Operations segment related to the Company's acquisition of the remaining noncontrolling interest in COOCSA. Other costs increased $1 million in the first quarter of 2021 compared to the first quarter of 2020.
- The principal raw materials for the Company include natural rubber, synthetic rubber, carbon black, chemicals and steel reinforcement components. Approximately 70 percent of the Company’s raw materials are petroleum-based. Substantially all U.S. inventories have been valued using the LIFO method of inventory costing, which accelerates the impact to cost of goods sold from changes to raw material prices.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
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Removed:
actively, Ad, added, aging, agreed, amendment, applied, applying, approve, arrangement, assumed, August, avoiding, borrowed, burden, calculate, cancellation, Capitalization, capitalizing, cautioned, cease, CECL, center, characterized, citizen, clarify, commercially, commitment, committed, compensation, comprised, conduit, confidentiality, connote, covering, deadline, declined, defend, deliver, discrete, disinfecting, draft, Drawback, ease, ERP, evaluating, eventual, expended, explanation, Facilitation, failed, fiscal, flexible, formed, Goodwill, granted, guarantee, hamper, Holding, hosting, idled, invested, ISSUER, kronar, left, manufacturer, Melksham, member, met, Modernized, negotiate, negotiating, October, officially, operational, paper, par, perception, permitted, pertain, phasing, PNC, preceded, producing, QUALITATIVE, question, realignment, recently, refresh, reliable, removed, rest, Retirement, retroactive, retrospective, scope, setting, shareholder, Simplifying, site, software, stagnation, standing, subsequently, Subtopic, supplier, test, true, uninterrupted, updated, Valorem, view, visitor
Financial reports
Current reports
8-K
Termination of a Material Definitive Agreement
7 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
10 May 21
8-K
Cooper Tire & Rubber Company Reports First Quarter 2021 Results
3 May 21
8-K
Cooper Tire Stockholders Overwhelmingly Approve
30 Apr 21
8-K
Other Events
20 Apr 21
8-K
Entry into a Material Definitive Agreement
24 Feb 21
8-K
Cooper Tire & Rubber Company Reports Fourth Quarter and Full Year 2020 Results
22 Feb 21
8-K
Strengthens Leadership Position in Global Tire Industry
22 Feb 21
8-K
Departure of Directors or Certain Officers
11 Jan 21
8-K
Entry into a Material Definitive Agreement
21 Dec 20
Registration and prospectus
S-4/A
Registration of securities issued in business combination transactions (amended)
28 Mar 22
S-4
Registration of securities issued in business combination transactions
17 Mar 22
15-12B
Securities registration termination
17 Jun 21
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Jun 21
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Jun 21
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Jun 21
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Jun 21
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Jun 21
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Jun 21
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Jun 21
Proxies
Other
EFFECT
Notice of effectiveness
30 Mar 22
UPLOAD
Letter from SEC
22 Mar 22
SD
Conflict minerals disclosure
26 May 21
UPLOAD
Letter from SEC
24 Aug 20
CORRESP
Correspondence with SEC
12 Jul 20
UPLOAD
Letter from SEC
30 Jun 20
SD
Conflict minerals disclosure
20 May 20
SD
Conflict minerals disclosure
23 May 19
SD
Conflict minerals disclosure
29 May 18
SD
Conflict minerals disclosure
25 May 17
Ownership
4
COOPER TIRE & RUBBER / Kathryn P Dickson ownership change
8 Jun 21
4
COOPER TIRE & RUBBER / JOHN J HOLLAND ownership change
8 Jun 21
4
COOPER TIRE & RUBBER / Tyrone Michael Jordan ownership change
8 Jun 21
4
COOPER TIRE & RUBBER / SUSAN F DAVIS ownership change
8 Jun 21
4
COOPER TIRE & RUBBER / Gary S Michel ownership change
8 Jun 21
4
COOPER TIRE & RUBBER / Bradley E. Hughes ownership change
8 Jun 21
4
COOPER TIRE & RUBBER / Tracey Joubert ownership change
8 Jun 21
4
COOPER TIRE & RUBBER / STEVEN M CHAPMAN ownership change
8 Jun 21
4
COOPER TIRE & RUBBER / Gerald C Bialek ownership change
8 Jun 21
4
COOPER TIRE & RUBBER / STEPHEN ZAMANSKY ownership change
8 Jun 21
Patents
Design
Tire
2 Aug 22
Inventors: Craig R. Davenport, Patrick J. Bonifas
Design
Tire
2 Aug 22
Inventors: Jamie L. Harris
Utility
Tire Tread Including Serrations In Recessed Pockets of Groove Sidewall
28 Jul 22
A tire includes first and second laterally spaced sides and a tread interposed between the first and second sides.
Utility
Tire tread including serrations in recessed pockets of groove sidewall
8 Mar 22
A tire includes first and second laterally spaced sides and a tread interposed between the first and second sides.
Design
Tire
15 Feb 22
Inventors: Jamie L. Harris
Transcripts
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
3 Aug 20
2020 Q1
Earnings call transcript
10 May 20
2019 Q4
Earnings call transcript
24 Feb 20
2019 Q3
Earnings call transcript
28 Oct 19
2019 Q2
Earnings call transcript
29 Jul 19
2019 Q1
Earnings call transcript
29 Apr 19
2018 Q4
Earnings call transcript
19 Feb 19
2018 Q3
Earnings call transcript
29 Oct 18
Reddit threads
BBBY price action following GME Jan squeeze.
8 Aug 22
$DTC - 8/11 earnings 20% SI, small float, CTB is increasing and shorts are trying to return shares. lots of potential here - Ortex inside
8 Aug 22
Decisions…
8 Aug 22
Evofem (NASDAQ: EVFM) about to squeeze? 30% of the float short CTB is 150%+ Hot product with sales ramping up
8 Aug 22
Evofem (NASDAQ: EVFM) about to squeeze? 30% of the float short CTB is 150%+ Hot product with sales ramping up
8 Aug 22
To everyone who’s posting about BBBY on this sub, I have an important message for you:
5 Aug 22
BBBY and the middle game
4 Aug 22
Daily Plays August 04, 2022
4 Aug 22
“Retail” purchasing $HKD at 2k+
3 Aug 22
Wowzers, They ate up all the $GME borrowables. CTB should follow here soon. Fun Meme Week Coming Rite Up..
1 Aug 22