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Walbro Corporation Revises Third Quarter Earnings Estimates

30 September 1997

Walbro Corporation Revises Third Quarter Earnings Estimates

    CASS CITY, Mich., Sept. 30 -- Walbro Corporation
announced today that third quarter 1997 earnings are likely to
be lower than earlier analysts' consensus estimates.
    "Third quarter earnings are expected to be less than estimates," according
to L. E. Althaver, Chairman and Chief Executive Officer, Walbro Corporation.
"Earlier analysts' estimates had been in the $.15 to $.20 per share range."
    "New plastic tank program launch costs were higher then expected during
the first half of 1997 and continued to be higher during the third quarter,"
Althaver noted.  "Production at Walbro's plastic fuel tank facilities in
Indiana and Connecticut was affected by lower schedules from customers.  The
reduced production volumes are expected to impact margins in the quarter."
    "Earnings from small engine carburetor sales in China were down during the
third quarter," Althaver said.  "Two-wheeled vehicle customers reduced
production levels during the quarter to control their inventory levels."
    "We expect improved earnings in the fourth quarter, exceeding those of the
fourth quarter of 1996," Althaver noted.  "Increased production volume of
plastic fuel tanks will improve margins at both U.S. plastic tank plants.  In
addition, demand for Walbro's carburetors in China should increase during the
quarter."
    Walbro Corporation is a designer and manufacturer of precision fuel
systems and products for automotive and small engine markets.  Walbro
Corporation is headquartered in Cass City, Michigan, and has subsidiaries and
joint ventures throughout the world, including North and South America, Europe
and Asia.  Walbro common stock is traded on the Nasdaq Stock Market under the
symbol WALB.
    This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.  Actual results may
differ materially from anticipated results due to certain risks and
uncertainties, including but not limited to general economic conditions in the
markets in which Walbro operates, fluctuations in the production of vehicles
for which Walbro is a supplier, labor disputes involving Walbro or its
significant customers, risks associated with conducting business in foreign
countries and other risks detailed from time to time in the Company's
Securities and Exchange Commission filings.

SOURCE  Walbro Corporation