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Cooper Tire & Rubber (CTB)

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
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
Quarter (USD) Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 2 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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