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
"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. |
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