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ARVIN CEO EYES RECORD SALES FOR 1993

 COLUMBUS, Ind., April 8 /PRNewswire/ -- Arvin Industries, Inc. (NYSE: ARV), Chairman and Chief Executive Officer James K. Baker, chairing the Company's 55th annual shareholders' meeting today said, "As long as the current North American trend in car production remains in effect, we expect to experience record sales to the original equipment manufacturers. This translates into a strong earnings per share increase for shareholders. First quarter earnings per share for 1993 will more than double those of last year," Baker predicted. "Overall, your Company is well prepared to serve the ever changing global automotive industry," Baker said.
 Byron Pond, president and chief operating officer, in his presentation to shareholders, described the ever changing marketplace that Arvin services and Arvin's intent to be a more global company.
 "Our strategy is to be the number one or two player in each of the eight markets we serve. In many cases we have reached this position. Where we have not, we have a strategy to improve. We expect to achieve our strategic goals through internal growth, acquisition and joint ventures," Pond said. "It would not be unrealistic to expect net income to grow at 12 percent per year, operating margins to be about 10 percent, return on equity approaching 15 percent and a debt to total capital ratio of less than 40 percent."
 "The demand for higher technical content in vehicle components is one driving force in our exhaust and ride control businesses. Exhaust systems will continue to become more complex as items such as flex tubes are added to isolate the exhaust systems from engine vibration and air gap pipe with close-coupled catalytic converters are combined with resonators and multiple silencing units to provide quieter cars and meet tougher noisy and emission standards. Various combinations of these features should cause the selling prices to increase throughout the 1990's," Pond explained.
 "Shock absorber selling prices tell a similar story. Safety, the potential to reduce fuel consumption and improved ride characteristics have caused an increase in consumer interest for electronic suspension. These highly responsive systems will sell for many times the mechanical products used today," Pond said.
 "The new Arvin is working. By keeping focused on our products and the customer, the new Arvin should continue to improve shareholder value," Pond concluded.
 Also addressing the shareholders was Executive Vice President V. William Hunt who described the unique processing and learning system for all Arvin associates called the Arvin Total Quality Production Systems (ATQPS).
 "Based on the theory of lean production, we draw on the best practices of the world's most successful manufacturing companies. Our production philosophy is to develop and maintain dynamic production processes that are responsive to changing customer requirements," Hunt explained.
 Richard A. Smith, vice president-finance and chief financial officer, reviewed Arvin's 1992 performance, financial activities during the year and the general business outlook for the remainder of 1993.
 "Arvin took two significant steps in 1992 to strengthen its balance sheet and enhance cash flow. The Company sold two million new common shares to the public in September of '92. The net proceeds of the sale were applied mainly to debt reduction. Also in September of '92 we exchanged $103 million of convertible preferred stock into convertible subordinated debentures. Although this exchange did not raise new funds, it lowers our after-tax cost of capital. By year-end, our capital structure had improved to levels more consistent with our long- term goals.
 "The Arvin Board of Directors increased the fourth quarter '92 dividend to 19 cents per common share compared to the previous quarterly dividend of 17 cents per common share. The increase reflects our confidence for 1993," Smith concluded.
 Special recognition was given to the retiring Vice Chairman of the Board L. K. Evans for his 40 years of service to the Company. Evans has completed 18 years of service on the Board of Directors. Evans' resignation was accepted by the Board of Directors at their meeting today.
 In the business agenda of the meeting, shareholders voted to ratify the appointment of Price Waterhouse as Arvin's independent certified public accountants for the current year; adopted an amendment to the Arvin 1988 Stock Benefit Plan; rejected a proposal concerning investment in South Africa; and re-elected four directors to serve three-years terms.
 Elected to the Board of Directors for three-year terms were: Fredrick R. Meyer, chairman and president of Aladdin Industries, Inc.; Byron O. Pond, president and chief operating officer of Arvin; Richard M. Ringeon, retired chairman and chief executive officer of Ball Corporation; and Richard A. Smith, vice president-finance and chief financial officer of Arvin. Continuting directors are James K. Baker, chief executive officer and chairman of the board of directors of Arvin; Steven C. Beering, president of Purdue University; Joseph P. Flannery, chairman, president and chief executive officer of Uniroyal Holdings, Inc.; Robert E. Fowler, Jr., president of Silvestri Corporation; Richard W. Hanselman, former chairman and chief executive officer of Genesco, Inc.; Thomas A. Holmes, retired chairman of the board of Ingersoll-Rand Company; V. William Hunt, executive vice president of Arvin; and Don J. Kacek, chairman, president and chief executive officer of Advanced Automation Technologies, Inc.
 Arvin Industries, Inc., is an international manufacturing company supplying automotive parts and related products and services in more than 100 countries throughout the world.
 -0- 4/8/93
 /CONTACT: John Brown of Arvin Industries, Inc., 812-379-3385/
 (ARV)


CO: Arvin Industries, Inc. ST: Indiana IN: AUT SU:

LC -- CL018 -- 4305 04/08/93 14:26 EDT
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Date:Apr 8, 1993
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