The company ended the fourth quarter with $352 million in cash and cash equivalents, an increase of $118 million compared with the prior-year fourth quarter balance of $234 million. Improved profits and lower working capital contributed to the higher cash balance.For the year ended Dec. 31, 2012, the company reported record net sales of $4.2 billion, an increase of $293 million, or 7%, from 2011. Operating profit for the full year 2012 was also a record at $397 million, which is 9.5% of net sales. The company reported net income of $3.49 per share from continuing operations on a diluted basis for the full year.
Cooper Tire & Rubber Company Reports Record Fourth Quarter And Full Year 2012 Results
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