FINDLAY, Ohio (WTVA) -- Cooper Tire & Rubber Company says sales are down but operating profits are up in the first quarter of 2013.
The company, with a manufacturing facility in Tupelo, reports net sales of $862 million, down $123 million compared to the same period in 2012.
The company says they did reach record operating profit of $97 million during the first quarter, doubling last's years first quarter numbers.
The increase comes mostly from North American operating profits that increased $49 million over last year.
Sales and shipments of North American tire operations were down 14% when compared to 2012.
The company reports net income $56 million, or 87 center per share, during in the first quarter.