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BF GOODRICH ANTICIPATES LOWER THIRD-QUARTER EARNINGS

 BF GOODRICH ANTICIPATES LOWER THIRD-QUARTER EARNINGS
 AKRON, Ohio, Sept. 28 /PRNewswire/ -- The BFGoodrich Company


(NYSE: GR) today announced that continuing weakness in the economy has hampered operating performance and that third-quarter earnings will be significantly below second-quarter results and less than financial analysts' current expectations. Based on July and August results and September trends, the company is likely to report only a modest profit for the quarter.
 "Our specialty chemicals and polyvinyl chloride businesses depend in large measure on the strength and vitality of the economy, and improved results have been difficult to sustain under current conditions," said John D. Ong, Goodrich's chairman and chief executive officer. "In the PVC market in particular, demand is fairly good but we have not been able to recover rising feedstock costs because of intense competitive pressures."
 Ong continued, "The persistence of adverse economic and market conditions has hurt short-term results, despite aggressive cost-cutting measures and careful management of capital expenditures.
 "The actions we have taken in recent years, however, have left us in a very strong financial position. As a result, we retain ample financial capacity to promote the long-term growth of our specialty businesses, while still supporting the company's current dividend. Our balance sheet is sound, and we are applying our resources to the right opportunities. When the economy rebounds, our businesses are well- positioned to respond very positively."
 BFGoodrich supplies components and services to the aerospace industry, and produces specialty chemicals, vinyl resins and compounds.
 -0- 9/28/92
 /CONTACT: Media, Rob Jewell, 216-374-2999; investors, Tom Waltermire, 216-374-2556; both of BF Goodrich/
 (GR) CO: BFGoodrich ST: Ohio IN: CHM SU:


KK -- CL002 -- 3828 09/28/92 08:33 EDT
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Publication:PR Newswire
Date:Sep 28, 1992
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