Bandag Revises 1st Quarter Guidance

Apr 19, 2001, 01:00 ET from Bandag, Incorporated

    MUSCATINE, Iowa, April 19 /PRNewswire/ --
     Bandag, Incorporated (NYSE:   BDG and BDGA) today announced that it expects
 first quarter earnings to be $.11 per diluted share and expects first quarter
 sales to be down approximately 6.6% from first quarter 2000, both somewhat
 lower than estimated in the Company's March 2, 2001 announcement.  In the
 March 2, 2001 announcement, the Company estimated that first quarter earnings
 would be in the range of $.13 to $.18 per diluted share, and that sales would
 decline approximately 6.0% from first quarter 2000.  The primary reason for
 the lower estimates was weaker than expected performance at the Company's
 wholly-owned subsidiary, Tire Distribution Systems, Inc.
     Bandag, Incorporated manufactures retreading materials and equipment for
 its worldwide network of nearly 1300 franchised dealers that produce and
 market retread tires and provide tire management services.  Bandag's pilot
 operation, Tire Management Solutions, Inc. (TMS), provides tire management
 systems outsourcing for commercial truck fleets.  Tire Distribution Systems,
 Inc. (TDS), also a wholly-owned subsidiary, sells and services new and retread
 tires.
     This press release contains certain "forward-looking" statements that are
 made pursuant to the safe-harbor provisions of the Private Securities
 Litigation Reform Act of 1995. Forward-looking statements, which are based on
 certain assumptions, describe future plans, strategies and expectations of
 Bandag, and are identifiable in this press release by the use of the words "it
 expects," and "expects."  These statements are based on management's current
 projections, beliefs and opinions at the date of this press release. They
 involve known and unknown risks and uncertainties, which may cause the actual
 results in the future to differ materially from expected results.  The
 Company's ability to predict results or the actual effect of future plans or
 strategies is inherently uncertain.  The "forward-looking" statements could be
 affected by greater than expected weakness at Tire Distribution Systems, Inc.
 
 

SOURCE Bandag, Incorporated
    MUSCATINE, Iowa, April 19 /PRNewswire/ --
     Bandag, Incorporated (NYSE:   BDG and BDGA) today announced that it expects
 first quarter earnings to be $.11 per diluted share and expects first quarter
 sales to be down approximately 6.6% from first quarter 2000, both somewhat
 lower than estimated in the Company's March 2, 2001 announcement.  In the
 March 2, 2001 announcement, the Company estimated that first quarter earnings
 would be in the range of $.13 to $.18 per diluted share, and that sales would
 decline approximately 6.0% from first quarter 2000.  The primary reason for
 the lower estimates was weaker than expected performance at the Company's
 wholly-owned subsidiary, Tire Distribution Systems, Inc.
     Bandag, Incorporated manufactures retreading materials and equipment for
 its worldwide network of nearly 1300 franchised dealers that produce and
 market retread tires and provide tire management services.  Bandag's pilot
 operation, Tire Management Solutions, Inc. (TMS), provides tire management
 systems outsourcing for commercial truck fleets.  Tire Distribution Systems,
 Inc. (TDS), also a wholly-owned subsidiary, sells and services new and retread
 tires.
     This press release contains certain "forward-looking" statements that are
 made pursuant to the safe-harbor provisions of the Private Securities
 Litigation Reform Act of 1995. Forward-looking statements, which are based on
 certain assumptions, describe future plans, strategies and expectations of
 Bandag, and are identifiable in this press release by the use of the words "it
 expects," and "expects."  These statements are based on management's current
 projections, beliefs and opinions at the date of this press release. They
 involve known and unknown risks and uncertainties, which may cause the actual
 results in the future to differ materially from expected results.  The
 Company's ability to predict results or the actual effect of future plans or
 strategies is inherently uncertain.  The "forward-looking" statements could be
 affected by greater than expected weakness at Tire Distribution Systems, Inc.
 
 SOURCE  Bandag, Incorporated