Arvin Industries CEO V. William Hunt talks to The Wall Street Transcript.NEW YORK--(BUSINESS WIRE)--July 14, 1999-- The Wall Street Transcript has published an in-depth interview with V. William Hunt This could refer to
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 (= ), in which he talks at length about his company's future. He says, "In the mid-1980s, we focused on auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. ourselves of our non-automotive businesses and began acquiring automotive businesses in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and in the developing markets." He explains, "Our sales in 1998 were right at $2.5 billion, and we expect sales to be in the range of $3.1 billion for year-end 1999, as a result of strong internal growth and several acquisitions." He asserts, "In both the original equipment and replacement businesses, being the low-cost competitor is essential to being successful, in the view of the customer as well as in the view of shareholders. The only way to generate superior profits is to be the low-cost competitor. Since 1995, our earnings have grown at a 44%-annual compounded rate and our sales at an 8%-annual compounded growth rate. Our earnings have been outstripping our sales by over five times, and we think the primary, if not exclusive, contributor to this is the cost-reduction machine that we've created." Looking forward, he states, "We have set a goal to double our sales of 1998, which were $2.5 billion, to $5 billion by the end of 2002. For the year 2003, we expect our sales level to be in excess of $5 billion and we don't expect any erosion in our financial performance as a result of these acquisitions." To read the complete interview, go to http://www.twst.com/ceos.htm. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. Read hundreds of free excerpts from our Q&A Interviews of analysts from top brokerage houses, money managers and CEOs at http://www.twst.com. The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. for over 35 years. The Transcript publishes industry roundtables and interviews with Wall Street analysts, money managers, and Company CEOs, and is read by top money managers, brokers, and individual investors. For subscription information call (800) 246 -7673. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion