Docoh
Loading...

CTB Cooper Tire & Rubber

Cooper Tire & Rubber Company is an American company that specializes in the design, manufacture, marketing and sales of replacement automobile and truck tires, and subsidiaries that specialize in medium truck, motorcycle and racing tires. With headquarters in Findlay, Ohio, Cooper Tire has 60 manufacturing, sales, distribution, technical and design facilities within its worldwide family of subsidiary companies. In July 1960, the company became a publicly held corporation and was listed on the New York Stock Exchange. Cooper owns the UK-based Avon Tyres brand, which produces tires for motorcycles, road cars and for motor racing.

Company profile

Ticker
CTB
Exchange
CEO
Bradley Hughes
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
344297750

CTB stock data

(
)

Calendar

22 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Mar 21 Walker Brian C Phantom Stock Common Stock Grant Aquire A No No 55.98 250.089 14K 13,717.353
12 Mar 21 Zamansky Stephen Common Stock Payment of exercise Dispose F No No 41.68 2,340 97.53K 97,299.269
12 Mar 21 Zamansky Stephen Common Stock Grant Aquire A No No 0 5,246 0 99,639.269
12 Mar 21 Hughes Bradley E. Common Stock Payment of exercise Dispose F No No 41.68 11,557 481.7K 335,726
12 Mar 21 Hughes Bradley E. Common Stock Grant Aquire A No No 0 26,354 0 347,283
12 Mar 21 Young Mark A. Common Stock Payment of exercise Dispose F No No 41.68 100 4.17K 6,304
12 Mar 21 Young Mark A. Common Stock Grant Aquire A No No 0 339 0 6,404
12 Mar 21 Gerald C Bialek Common Stock Payment of exercise Dispose F No No 41.68 284 11.84K 11,872
12 Mar 21 Gerald C Bialek Common Stock Grant Aquire A No No 0 957 0 12,156

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 224 202 +10.9%
Opened positions 40 36 +11.1%
Closed positions 18 19 -5.3%
Increased positions 60 57 +5.3%
Reduced positions 92 75 +22.7%
13F shares
Current Prev Q Change
Total value 1.99B 1.8B +10.7%
Total shares 48.73M 49.81M -2.2%
Total puts 57.3K 78.1K -26.6%
Total calls 130.2K 87.8K +48.3%
Total put/call ratio 0.4 0.9 -50.5%
Largest owners
Shares Value Change
BLK Blackrock 7.77M $314.82M +4.8%
Vanguard 5.11M $206.76M +2.4%
Dimensional Fund Advisors 3.89M $157.38M -4.4%
Wellington Management 2.28M $92.18M -11.3%
Alliancebernstein 2.15M $87.02M +0.4%
LSV Asset Management 2.08M $84.12M +3.9%
STT State Street 1.69M $68.6M -2.7%
NTRS Northern Trust 1.58M $63.79M -0.7%
Investment Counselors Of Maryland 1.11M $45.12M -7.9%
Royce & Associates 977.65K $39.6M -8.8%
Largest transactions
Shares Bought/sold Change
Norges Bank 627.98K +627.98K NEW
Deprince Race & Zollo 639.21K -568.08K -47.1%
Nuveen Asset Management 246.87K -457.72K -65.0%
BLK Blackrock 7.77M +358K +4.8%
Wellington Management 2.28M -289.38K -11.3%
Shellback Capital 218.62K +218.62K NEW
Arrowstreet Capital, Limited Partnership 478.48K -209.94K -30.5%
GBL Gamco Investors 20K -198K -90.8%
Dimensional Fund Advisors 3.89M -177.26K -4.4%
Fairpointe Capital 354.79K -163.08K -31.5%

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 year ended December 31, 2020 were $2,521 million compared with $2,753 million in 2019, a decrease of $232 million. In 2020, the Company experienced lower unit volume ($355 million) primarily as a result of the market slowdown caused by the COVID-19 pandemic during the first half of 2020, as well as unfavorable foreign currency impact ($6 million). These unfavorable items were partially offset by favorable price and mix ($129 million).
  • The Company recorded an operating profit of $231 million in 2020, compared to operating profit of $174 million in 2019. The Company's 2020 operating profit benefited from $78 million of favorable price and mix, $67 million of lower raw material costs and $44 million of lower net product liability expense compared to 2019. This was partially offset by $61 million of increased manufacturing costs, primarily related to production days lost due to plant shut downs, and $73 million of lower unit volume, both attributable to the COVID-19 pandemic. Additionally, the Company experienced $5 million of lower selling, general and administrative expenses, while restructuring costs increased by $4 million.
  • 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 Bad
New words: accretive, acrylic, adapt, agile, Aid, aircraft, airplane, antitrust, arbitration, aspect, aware, bar, begun, bialek, borne, broadly, burden, California, cautionary, CCPA, characterized, choose, CHRO, cleaning, clearance, color, Columbian, communicable, constituted, contemplated, convey, cultivating, culture, decide, declaration, declared, dedesignating, dedicated, dedication, diameter, diligence, discharged, discourage, dissenting, distancing, distinct, Division, DOJ, dynamic, economy, efficacy, embodied, emergency, emphasized, emphasizing, endeavored, essential, ethnicity, evenly, exacerbate, exacerbating, Excellence, Fargo, fee, feel, female, fiduciary, fluctuate, fluid, focused, foster, foundation, fractional, FTC, fuel, gender, geological, gerald, globe, goal, gradually, great, harbor, heavily, honored, House, HSR, idling, imperative, imply, injunction, Inline, Interactive, interpreted, introduce, issuable, JORDAN, kitchen, language, laundry, leadership, learn, legislature, lesser, LGBTQ, lieu, lineup, live, mandated, marital, mask, merger, merit, mid, mission, month, monthly, motivate, Nasdaq, necessarily, notification, orderly, orientation, outbreak, par, partnership, passed, passionate, Paula, Peapod, permissible, persist, philosophy, port, preclude, prevalence, proceed, promissory, promotional, pursuit, reaction, receipt, recessionary, recommend, recommended, reliance, Relief, relocation, remit, remittance, reopened, reorganization, representation, requisite, resume, resumed, resumption, retransfer, reverted, reward, rim, rotational, safe, safely, sex, sexual, shop, shut, sick, situation, slowdown, soliciting, spent, split, sport, statistical, staying, suggested, superior, surviving, suspected, talent, talented, temporarily, thereunder, thing, timetable, travel, treat, treated, tuition, TYRONE, unclear, unduly, unemployment, unforeseen, unpredictable, unwilling, upgrading, vaccine, veteran, vibrant, vision, Vulcan, vulnerable, waiting, waived, waiver, Whitesell, workplace
Removed: added, Albany, ascertain, bad, burdensome, clarification, closely, Coal, collecting, commenced, comparable, compare, conduit, cycle, deductibility, desire, discrete, disrupting, encourage, enhanced, ERP, Essar, feasible, Georgia, hit, indefinitely, indirect, internet, kronar, mandatory, margin, MINE, minimal, mining, move, NAFTA, offered, peer, perception, permitted, pretax, projecting, prudent, QUALITATIVE, question, recovered, releasing, rest, sourcing, subfacility, supplier, SUV, targeted, tornado, Trinity, trusteed, uncollectible, undrawn, uninterrupted, UNRESOLVED