ArvinMeritor Reports Sharp Jump In Net Income For The Third Quarter

Autoparts Report, Nov 19, 2002

ArvinMeritor, Inc. reported sales of $1.7 billion and net income of $41 million, or $0.61 per diluted share, for its fourth fiscal quarter ended Sept. 30, 2002. Sales increased $181 million, or 12 percent, as compared to the prior year's fourth quarter, and net income improved $42 million, as compared to last year's net loss of $1 million.