Cooper Tire & Rubber Company has reported a third quarter 2016 net income of US$49 million, or diluted earnings per share of $0.90, compared with $53 million, or $0.93 per share, during the same period of last year. The quarter included a non-cash pension settlement charge of $11.5 million related to lump-sum distribution of benefits offered to certain former employees. Excluding the non-cash pension settlement charge, diluted earnings per share for the third quarter would have been $1.04.