Also, in the first quarter we closed a deal to purchase the tire manufacturing assets in Krusevac, Serbia. We're excited about the potential that this plant has to expand our international business, and also to strengthen our global manufacturing net worth.During the first quarter we had net income attributable to Cooper Tire and Rubber Company of $22 million or $0.34 a share including the impact to the work stoppage. This compares to net income of $16 million or $0.25 a share in the first quarter of 2011. The consolidated net sales were $984 million for the first quarter up 9% versus the first quarter of 2011. This increase was primarily driven by higher prices, and volumes were down slightly for the total company.
Cooper Tire And Rubber's CEOs Discuss 1Q 2012 Results - Earnings Call Transcript
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