Arvin Expects Third Quarter 1999 to Meet Expectations

15 September 1999

Arvin Expects Third Quarter 1999 to Meet Expectations

    FRANKFURT, Germany--Sept. 14, 1999--Arvin Industries, Inc. , today stated to auto analysts that the company is comfortable that its third quarter earnings will meet analyst expectations.
    Arvin's Chairman, President and Chief Executive Officer, V. William Hunt, told analysts attending a meeting hosted by Arvin in conjunction with Arvin's presence at the Frankfurt Auto Show, "Despite the overall weakness in the Replacement market, Arvin has experienced an overall market share gain, acquired new customers and continues to realize synergies with our recent acquisition of Purolator.
    "Our strong Original Equipment performance is offsetting the weakness in the Replacement market, and I am most confident that Arvin will meet analyst expectations of $0.78 per share for the third quarter 1999.
    "Our stated strategy is to double sales and earnings by the end of 2003 and to be a world leader in the automotive industry with strong Original Equipment and Replacement segments. This provides a proper balance that will serve our shareholders well over the longer term."
    Arvin Industries, Inc., is a global manufacturer of automotive components with over 60 manufacturing facilities and eight technical centers located in 21 countries. Arvin is a leading manufacturer of automotive exhaust systems; ride control products; air, oil and fuel filters; and gas charged lift supports. Our replacement products are sold under various trademarks including Arvin, Maremont, Timax, ANSA and ROSI exhaust systems; Gabriel and Way Assauto shock absorbers; Purolator filters; and StrongArm gas charged lift supports.
    For more information on Arvin Industries via the Internet, visit our Corporate Home Page at http://www.arvin.com or our Corporate News on the Net site at http://www.businesswire.com/cnn/arv.shtml. For information via fax, please call our News On Demand service at 888-622-1161.