So moving on to the operations. During the second quarter we generated net income attributable to Cooper Tire Rubber Company a $52 million or $0.82 per share which compares to net income of $12 million or $0.18 per share for the same period a year ago. The results during the quarter include the impact of a onetime $7 million pre-tax pension gain related to the curtailment of a plan in the U.K. which is approximately $5 million after tax.As I mentioned, consolidated net sales exceeded $1 billion which is up 15% from the same period a year ago, and this increase was driven by a 16% quarter-over-quarter rise in total company unit volume. Specifically, unit volumes were up 15% for the North American segment and 19% for our international segment.
Cooper Tire & Rubber 's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts