Research on Cooper Tire & Rubber Co. and Goodyear Tire & Rubber Co. - Tough Road Ahead for Tire Companies
(firmenpresse) - JOHANNESBURG, SOUTH AFRICA -- (Marketwire) -- 09/07/11 -- offers investors comprehensive research on the Rubber & Plastics industry and has completed analytical research on (NYSE: CTB) and (NYSE: GT). Register with us today at to have free access to these researches.
Recession fears, pension costs and raw material pricing are weighing on revenues of tire manufacturers. Several companies have posted impressive second quarter results, but maintaining that momentum may be difficult for them in the coming months. Register now at to have free access to our reports on the Rubber & Plastics industry.
is an online platform where investors doing their due-diligence on the Rubber & Plastics industry can have easy and free access to our analyst research and opinions on Cooper Tire & Rubber Co. and Goodyear Tire & Rubber Co.; investors and shareholders of these companies can simply register for a complimentary membership at .
Rising pension costs for car and parts manufacturers could dent revenues, as interest rates and asset growth remain relatively low. Goodyear Tire and Rubber Co. is among companies that could be adversely affected by rising pension costs. On a positive note, Goodyear did grow second quarter revenues 24% to $5.62 billion. Investors can register for free to access the research report on at .
Cooper Tire and Rubber Co., on the other hand, was also able to grow sales in the second quarter, but higher raw materials costs adversely affected profits. Despite growing year over year sales 14.7% to $922.2 million, operating profit fell by $10 million to $24 million. Investors can register for free to access the research report on at .
Moving forward, a significant growth for tire companies does not appear likely at this time. Any combination of eased recession fears, improved interest rates or better commodity pricing would benefit the industry. Visit to see how companies in this industry have grown over the past years and how they are expected to perform in the future.
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Datum: 07.09.2011 - 12:00 Uhr
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