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Last $14.08 USD
Change Today -0.14 / -0.98%
Volume 1.1M
MTOR On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

meritor inc (MTOR) Snapshot

Open
$14.33
Previous Close
$14.22
Day High
$14.42
Day Low
$13.98
52 Week High
01/8/15 - $15.65
52 Week Low
10/15/14 - $9.46
Market Cap
1.4B
Average Volume 10 Days
1.7M
EPS TTM
$1.51
Shares Outstanding
96.6M
EX-Date
02/4/09
P/E TM
9.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for MERITOR INC (MTOR)

meritor inc (MTOR) Related Businessweek News

No Related Businessweek News Found

meritor inc (MTOR) Details

Meritor, Inc. designs, develops, manufactures, sells, markets, distributes, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial, and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drive train systems and components, including axles, drivelines, and braking and suspension systems primarily for medium and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency, and other applications. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts, and other replacement and remanufactured parts to commercial vehicle and industrial aftermarket customers. This segment also offers various undercarriage products and systems for trailer applications. The company sells its products under Meritor, Meritor Wabco, Euclid, Trucktechnic, and Meritor AllFit brand names primarily to OEMs and its parts marketing operations, dealers, and other independent distributors, as well as service garages in the aftermarket industry. It operates in North America, South America, Europe, and the Asia-Pacific. The company was formerly known as ArvinMeritor, Inc. and changed its name to Meritor, Inc. in March 2011. Meritor, Inc. was founded in 1921 and is headquartered in Troy, Michigan.

9,050 Employees
Last Reported Date: 11/20/14
Founded in 1921

meritor inc (MTOR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $575.5K
Executive Chairman
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $425.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $368.8K
Compensation as of Fiscal Year 2014.

meritor inc (MTOR) Key Developments

Meritor, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015

Meritor, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported sales of $909 million against $979 million a year ago. Operating income was $51 million against $70 million a year ago. Income before income taxes was $22 million against $249 million a year ago. Income from continuing operations was $16 million against $237 million a year ago. Net income attributable to the company was $13 million against $234 million a year ago. Diluted earnings per share from continuing operations were $0.15 against $2.34 a year ago. Diluted earnings per share were $0.13 against $2.31 a year ago. Adjusted EBITDA was $87 million against $82 million a year ago. Adjusted income from continuing operations attributable to the company was $41 million against $29 million a year ago. Adjusted diluted earnings per share from continuing operations were $0.41 against $0.29 a year ago. Cash flows provided by operating activities were $93 million against $85 million a year ago. Capital expenditures were $22 million against $14 million a year ago. For the nine months, the company reported sales of $2,652 million against $2,833 million a year ago. Operating income was $154 million against $164 million a year ago. Income before income taxes was $107 million against $285 million a year ago. Income from continuing operations was $88 million against $254 million a year ago. Net income attributable to the company was $85 million against $246 million a year ago. Diluted earnings per share from continuing operations were $0.85 against $2.52 a year ago. Diluted earnings per share were $0.84 against $2.48 a year ago. Adjusted EBITDA was $253 million against $234 million a year ago. Cash provided by operating activities was $122 million against $103 million a year ago. Capital expenditures were $45 million against $39 million a year ago. Adjusted income from continuing operations attributable to the company was $118 million against $66 million a year ago. Adjusted diluted earnings per share from continuing operations were $1.17 against $0.67 a year ago. For the year 2015, the company expects revenue will be in the range of $3.50 billion to $3.55 billion, unchanged from prior guidance. Adjusted EBITDA margin of approximately 9.3%, as compared with prior guidance of 9.0% to 9.2%. Adjusted diluted earnings per share from continuing operations will range from $1.40 to $1.50, as compared with prior guidance of $1.30 to $1.40. Effective income tax rate of approximately 15% remains unchanged from the prior estimate. Free cash flow to be approximately $110 million, up from previous guidance of approximately $100 million, excluding the potential impact of the company's planned buyout of its German pension liability. Meritor anticipates the following assumptions for the entire company: Capital expenditures of approximately $80 million, compared with the prior estimated range of $80 million to $90 million. Interest expense in the range of $80 million to $85 million remains unchanged, excluding the loss on debt extinguishment from the capital market transactions executed during the third quarter. Cash interest in the range of $65 million to $70 million remains unchanged.

Meritor, Inc. to Report Q3, 2015 Results on Jul 29, 2015

Meritor, Inc. announced that they will report Q3, 2015 results at 9:00 AM, US Eastern Standard Time on Jul 29, 2015

Meritor, Inc., Q3 2015 Earnings Call, Jul 29, 2015

Meritor, Inc., Q3 2015 Earnings Call, Jul 29, 2015

 

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Industry Analysis

MTOR

Industry Average

Valuation MTOR Industry Range
Price/Earnings 12.3x
Price/Sales 0.4x
Price/Book NM Not Meaningful
Price/Cash Flow 15.4x
TEV/Sales NM Not Meaningful
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