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Last $12.99 USD
Change Today -0.30 / -2.26%
Volume 1.0M
MTOR On Other Exchanges
Symbol
Exchange
New York
Munich
As of 4:15 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

meritor inc (MTOR) Snapshot

Open
$13.20
Previous Close
$13.29
Day High
$13.38
Day Low
$12.84
52 Week High
01/8/15 - $15.65
52 Week Low
10/15/14 - $9.46
Market Cap
1.3B
Average Volume 10 Days
1.3M
EPS TTM
$1.49
Shares Outstanding
97.6M
EX-Date
02/4/09
P/E TM
8.7x
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, Principal Accounting...
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 Names Doleco USA Master Distributor

Meritor, Inc. announced a master distribution agreement with Doleco USA, Inc. to sell Doleco's cargo restraint products for flatbeds and van trailers to North America warehouse distributors (WDs) and original equipment dealers, effective immediately. Doleco cargo restraints, which are offered through the Meritor and Euclid™ product lines, maintain Doleco branding. The new line initially includes more than 600 part numbers to meet customer demand, with more to be added in the future. Doleco products will be available through Meritor's distribution centers in Florence, Kentucky and in Edmonton, Alberta and Brampton, Ontario, Canada.

Meritor, Inc. Appoints Rob Speed as President, Aftermarket & Trailer and Chief Procurement Officer

Meritor, Inc. announced the appointment of Rob Speed as president, Aftermarket & Trailer and Chief Procurement Officer. In this role, Speed will have responsibility for the planning, organization and implementation of all sales and business strategies and operations for the Aftermarket & Trailer business segment. In addition, he will maintain responsibility for Meritor's Procurement, Supply Chain and Facilities organizations. Speed will report directly to Jay Craig, CEO and President. Speed was named vice president and Chief Procurement Officer in March 2014. Prior to that, he was vice president of Global Purchasing. He joined Meritor in 2005 as manager of capital markets. Speed also served as managing director of Meritor's Australia operations and held various executive-level positions in finance and other areas within Meritor. Prior to joining Meritor, Speed was director of Finance & Administration at NOP Automotive Worldwide. He also held positions at Peter Securities LLC and First of America Bank.

Meritor, Inc. Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revised Earnings Guidance for the Year 2015

Meritor, Inc. reported un-audited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of $864 million, down $90 million, or 9.4%, from $954 million in the same period last year. Net income attributable to the company on a GAAP basis was $43 million, or $0.42 per diluted share compared to $1 million or $0.01 per diluted share during the second quarter of fiscal year 2014. Net income attributable to the company from continuing operations was $39 million or $0.38 per diluted share compared $1 million or $0.01 per diluted share a year ago. Adjusted income from continuing operations was $42 million, or adjusted diluted earnings per share of $0.41, compared to $24 million, or adjusted diluted earnings per share of $0.24 a year ago, an increase of 71%. Adjusted EBITDA was $87 million, compared to $80 million in the prior year. Free cash flow was $27 million compared to $9 million in the same period a year ago. The company reported operating income of $55 million compared to $50 million, income before income taxes of $45 million compared to $11 million, cash flows provided by operating activities of $38 million compared to $22 million and capital expenditures of $11 million compared to $13 million for the last year. For the year, the company reported sales of $1,743 million compared to $1,854 million in the same period last year. Net income attributable to the company on a GAAP basis was $72 million, or $0.71 per diluted share compared to $12 million or $0.12 per diluted share during the second quarter of fiscal year 2014. Net income attributable to the company from continuing operations was $71 million or $0.70 per diluted share compared $13 million or $0.13 per diluted share a year ago. Adjusted income from continuing operations was $77 million, or adjusted diluted earnings per share of $0.75, compared to $37 million, or adjusted diluted earnings per share of $0.37 a year ago. Adjusted EBITDA was $166 million, compared to $152 million in the prior year. Free cash flow was $27 million compared to $9 million in the same period a year ago. The company reported operating income of $103 million compared to $94 million, income before income taxes of $85 million compared to $36 million, cash flows provided by operating activities of $29 million compared to $18 million and capital expenditures of $23 million compared to $25 million for the last year. The company provided earnings guidance for the year 2015. For the year, the company expected revenue to be in the range of $3.50 billion to $3.55 billion, decreased from approximately $3.7 billion from prior guidance, adjusted EBITDA margin to be in the range of 9.0 to 9.2%, revised from approximately 9.0%, adjusted diluted earnings per share from continuing operations in the range of $1.30 to $1.40, up from a range of $1.20 to $1.30, effective income tax rate of approximately 15%, adjusted from the prior estimate of approximately 20%, free cash flow to be approximately $100 million, unchanged from previous guidance. Capital expenditures in the range of $80 million to $90 million, unchanged from prior estimates. The company expected interest expense in the range of $80 million to $85 million, as compared to $80 million to $90 million from prior estimates, cash interest in the range of $65 million to $70 million, adjusted from the prior range of $65 million to $75 million. The effective income tax rate is now expected to be approximately 15% for 2015.

 

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Industry Analysis

MTOR

Industry Average

Valuation MTOR Industry Range
Price/Earnings 4.0x
Price/Sales 0.4x
Price/Book NM Not Meaningful
Price/Cash Flow 4.2x
TEV/Sales 0.0x
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