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COOPER TIRE & RUBBER COMPANY

(CTB)
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Cooper Tire Launches Second Generation PRO Series™ Long Haul Steer 2 Tire

08/16/2021 | 08:00am EST

Cooper Tire has launched its innovative, new PRO Series™ Long Haul Steer 2 tire to help drive down tire costs for fleets. The tire replaces its predecessor, the Cooper PRO Series Long Haul Steer tire, and is available now in size 295/75R22.5 (load range G and H), with additional sizes becoming available in October. The Cooper PRO Series Long Haul Steer 2 tire builds upon the solid foundation of its predecessor, and features a patent pending shoulder decoupling rib. This provides added toughness on the edge of the tire to minimize irregular wear and damage caused by curbing. One of the most fuel-efficient steer tires on the market, the new tire features Cooper’s ECO (Energy Conservation Optimization) technology, which combines tire design, compounding and construction to provide an ultra-low rolling resistance tire that exceeds SmartWay standard requirements by 15%. It also offers lower rolling resistance than EPA greenhouse gas (GHG) standards set for 2027. The Cooper PRO Series Long Haul Steer 2 tire also provides 18/32nds of tread depth and features a wide footprint. This helps distribute weight more efficiently and promotes long and even wear, as well as enhanced traction. Helping improve tire maintenance is Cooper’s Wear Square® on the tire’s shoulder ribs. This is a visual indicator that shows tread depth through five different evolving image icons. A “square” shape indicates full tread depth, while an “L” shape shows only half the tread remains. An icon also shows when the tire should be pulled for retreading or replacement. Since the Wear Square is placed on both sides of the tire, it also serves as an alignment indicator. If the icons on each side don’t match, the tire technician knows there is an alignment problem or an uneven tire wear issue and can take corrective measures. The Cooper PRO Series Long Haul Steer 2 tire features four-belt steel design construction and an seven-year, two-retread warranty. The tire is also warranted for full replacement value for the first 50% of treadwear.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2020 2 521 M - -
Net income 2020 143 M - -
Net cash 2020 177 M - -
P/E ratio 2020 14,3x
Yield 2020 1,04%
Capitalization 3 040 M 3 040 M -
EV / Sales 2019 0,53x
EV / Sales 2020 0,74x
Nbr of Employees 9 839
Free-Float 57,0%
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Managers and Directors
Bradley E. Hughes President & Chief Executive Officer
Gerald C. Bialek Chief Financial Officer, Treasurer & VP
Ben P. Patel Chief Technology Officer & Senior Vice President
Phil Kortokrax Senior VP-Global Operations & Procurement
Stephen R. McClellan Director
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