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ARVIN CEO TELLS ANALYSTS THIRD-QUARTER PERFORMANCE EXPECTED TO BE STRONG

ARVIN CEO TELLS ANALYSTS THIRD-QUARTER PERFORMANCE EXPECTED TO BE STRONG
 LAS VEGAS, Oct. 13 /PRNewswire/ -- Arvin Industries, Inc. (NYSE: ARV) Chairman and Chief Executive Officer James K. Baker, speaking before automotive industry analysts attending the 16th annual Gabelli and Company, Inc. Auto Aftermarket Symposium, in conjunction with the Automobile Wholesale Distributors Association (AWDA), indicated that Arvin's third-quarter sales when compared to 1991's third-quarter sales would increase over 10 percent with earnings per share increasing over 50 percent for the comparable period last year.
 "This estimate takes into account the company's recent 2 million share offering. Continued strength in replacement parts sales both in North America and Europe, combined with third-quarter performance in the original equipment segment will boost the quarter to record levels," Baker explained.
 "In July, I indicated that earnings per share from continuing operations should double that of last year and the company's performance year to date confirms our strategy is working. I also indicated that balance sheet improvements were a major objective for 1992, and today this program is ahead of schedule," Baker concluded.
 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- 10/13/92
 /CONTACT: John Brown of Arvin Industries, Inc., 812-379-3389/
 (ARV) CO: Arvin Industries, Inc. ST: Indiana IN: AUT SU: ERP


SM-KE -- CL025 -- 9612 10/13/92 18:22 EDT
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Publication:PR Newswire
Date:Oct 13, 1992
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