Cooper Tire & Rubber Co.’s profit declined 19 percent from a year earlier to $45.4 million last quarter.
Earnings amounted to 72 cents per share, down from 89 cents per share in the January-March quarter a year earlier.
Sales declined 7.6 percent to $796.5 million.
“Cooper is off to a strong start in 2014, which is our 100th year in the tire business,” said Chief Executive Officer Roy Armes. “Our first quarter operating profit is the second-best for a first quarter in our company’s history, topped only by last year’s first quarter, when we set an all-time profit record.”