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Arvin Expects Third Quarter 1999 to Meet Expectations.


FRANKFURT, Germany--(BUSINESS WIRE)--Sept. 14, 1999--

Arvin Industries, Inc. (NYSE NYSE

See: New York Stock Exchange
:ARV ARV
abbr. Bible
American Revised Version

ARV n abbr (= American Revised Version) → traducción americana de la Biblia

ARV n abbr (=
), today stated to auto analysts that the company is comfortable that its third quarter earnings will meet analyst expectations.

Arvin's Chairman, President and Chief Executive Officer, V. William Hunt This could refer to
  • William Hunt a contemporary viol player, co-founder of music group Fretwork, and a professor at the Royal College of Music
  • William Hunt, English Officer of Arms
  • William H.
, told analysts attending a meeting hosted by Arvin in conjunction with Arvin's presence at the Frankfurt Auto Show, "Despite the overall weakness in the Replacement market, Arvin has experienced an overall market share gain, acquired new customers and continues to realize synergies with our recent acquisition of Purolator.

"Our strong Original Equipment performance is offsetting the weakness in the Replacement market, and I am most confident that Arvin will meet analyst expectations of $0.78 per share for the third quarter 1999.

"Our stated strategy is to double sales and earnings by the end of 2003 and to be a world leader in the automotive industry with strong Original Equipment and Replacement segments. This provides a proper balance that will serve our shareholders well over the longer term."

Arvin Industries, Inc., is a global manufacturer of automotive components with over 60 manufacturing facilities and eight technical centers located in 21 countries. Arvin is a leading manufacturer of automotive exhaust systems; ride control products; air, oil and fuel filters; and gas charged lift supports. Our replacement products are sold under various trademarks including Arvin, Maremont, Timax, ANSA ANSA - Advanced Network Systems Architecture  and ROSI ROSI Return on Security Investment
ROSI Repository of Student Information
ROSI Rollergirls of Southern Indiana (Evansville, IN)
ROSI Raytheon Optical Systems Incorporated
ROSI Romanian Open Source and Free Software Initiative
 exhaust systems; Gabriel and Way Assauto shock absorbers Shock absorbers

See: Circuit breakers
; Purolator filters; and StrongArm gas charged lift supports.

For more information on Arvin Industries via the Internet, visit our Corporate Home Page at http://www.arvin.com or our Corporate News on the Net site at http://www.businesswire.com/cnn/arv.shtml. For information via fax, please call our News On Demand service at 888-622-1161.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 15, 1999
Words:293
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