Cooper Tire's net sales exceeded US$1 billion in the fourth quarter of 2011

Cooper Tire Corp. announced that its net sales for the fourth quarter of 2011 were US$1.05 billion, an increase of 14% over the same period last year.

In the fourth quarter of 2011, Cooper Tire's operating profit was US$60 million, an increase of US$5 million over the same period in 2010; net profit for the fourth quarter of 2011 was US$209 million, and diluted earnings per share were US$3.33.

Fourth-quarter North America Tire Operations posted net sales of US$778 million, a year-on-year increase of 16%. Fourth quarter International Tire Operations posted net sales of US$376 million, a year-on-year increase. 10%.

For the full year of 2011, Cooper Tire's net sales totaled US$3.9 billion, an increase of US$566 million (a year-on-year increase of 17%); net profit per diluted share was US$4.02.