ArvinMeritor has positive 4Q

Nov. 7, 2002
ArvinMeritor Inc. posted a fourth-quarter profit as fleets bought heavy-duty trucks ahead of new EPA emissions standards. The Troy, MI-based company reported net income of $41 million compared with a year-earlier loss of $1 million. The company said sales of its parts for commercial vehicles jumped 21% to $107 million. In addition to the pre-buying habits of fleets, ArvinMeritor said higher light-vehicle
ArvinMeritor Inc. posted a fourth-quarter profit as fleets bought heavy-duty trucks ahead of new EPA emissions standards.

The Troy, MI-based company reported net income of $41 million compared with a year-earlier loss of $1 million.

The company said sales of its parts for commercial vehicles jumped 21% to $107 million. In addition to the pre-buying habits of fleets, ArvinMeritor said higher light-vehicle production in North America and Western Europe also helped raise those numbers.

The surge in volume and cost-cutting efforts boosted the unit's operating margin to 5.2% from 1.8% in the same period a year ago.

ArvinMeritor said it expects North American heavy-duty truck production to fall about 4% to 161,000 units, but expects to report higher sales and profits in fiscal 2003 as it gains new business and increases market penetration.

About the Author

Tim Parry

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!