MascoTech Chairman Comments on Fourth Quarter
10 February 1998
MascoTech Chairman Comments on Fourth QuarterTAYLOR, Mich., Feb. 10 -- Richard A. Manoogian, Chairman, MascoTech, Inc. , speaking before a group of institutional investors in New York, made the following comments: * The Company currently estimates that fourth quarter 1997 earnings will approximate $.37 per share, in line with analyst expectations. The Company anticipates that it will release its fourth quarter results February 19, 1998. * Based on current economic trends and excluding certain costs and expenses associated with the acquisition of TriMas Corporation and anticipated restructuring charges related to the combination of the two businesses, and any other nonrecurring charges, MascoTech expects earnings for 1998 to range from $1.70 to $1.90 per share and to exceed $2.00 per share in 1999. MascoTech's transportation-related businesses include metalworked components primarily for vehicle engine and drivetrain applications and automotive aftermarket products. TriMas manufactures diversified proprietary products including specialty fasteners, towing systems, specialty container products and other industrial products with leadership positions in commercial, industrial and consumer niche markets. Visit MascoTech's website at http://www.mascotech.com. MascoTech's press releases are also available through Company News On-Call by fax, 800-758-5804, extension 535375, or http://www.prnewswire.com. SOURCE MascoTech, Inc.