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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): January 23, 1997
Walbro Corporation
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-6955 38-1358966
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(State or Other Jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6242 Garfield Street, Cass City, Michigan 48726
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (517) 872-2131
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ITEM 5. OTHER EVENTS.
On January 23, 1997, the Registrant issued the Press Release attached as
Exhibit 99.1. The information contained in this press release is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Exhibits.
99.1 News release of Registrant dated January 23, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Walbro Corporation
By: /s/ L.E. Althaver
Dated: January 23, 1997 ------------------------------------
L.E. Althaver
Chairman and Chief Executive Officer
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EXHIBIT INDEX
Exhibit # Item
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99.1 News release of Registrant dated January 23, 1997
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EXHIBIT 99.1
FOR RELEASE: FOR FURTHER EDITORIAL INFORMATION
1/23/97 Contacts
at end
Walbro Corporation
6242 Garfield Street
Cass City, Michigan 48726
WALBRO CORPORATION EXPECTS TO REPORT SLIGHT LOSS FOR FOURTH QUARTER
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CASS CITY, Michigan -- Walbro Corporation announced today that it expects to
report a slight loss for the fourth quarter of 1996.
L.E. Althaver, Chairman and Chief Executive Officer, Walbro Corporation, stated
that in addition to the factors previously disclosed by the Company in December
1996, fourth quarter and twelve month 1996 earnings would be lower than
analysts' revised estimates primarily due to weaker than expected sales in
certain segments of its business. "Worldwide orders from Walbro Engine
Management's lawn-and-garden customers were impacted by customer requests in
the fourth quarter to defer product shipments."
"The Company also experienced an inventory adjustment at its Norwegian
operations. In addition, income from the Company's Marwal do Brasil joint
venture in South America and Marwal Systems joint venture in France was below
expectations due to weaker than expected demand from the ventures' automotive
customers in these markets."
"Notwithstanding these issues, the outlook for 1997 remains positive based, in
part, on new plastic fuel tank programs which will start in the second half of
the year," the Walbro Chief Executive concluded.
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 National Market under the symbol
WALB.
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For further information contact: Mike Shope
or
L.E. Althaver
Walbro Corporation
(517) 872-2131
