Meritor (MTOR) Tops Q1 EPS by 29c, Updates Guidance

Meritor (NYSE: MTOR) reported Q1 EPS of $0.60, $0.29 better than the analyst estimate of $0.31. Revenue for the quarter came in at $889 million versus the consensus estimate of $797.55 million.

GUIDANCE:

Meritor sees FY2021 EPS of $2.25-$2.50, versus the consensus of $2.00. Meritor sees FY2021 revenue of $3.65-3.8 million, versus the consensus of $3.46 million.

• Revenue to be in the range of $3.65 billion to $3.8 billion
• Net income attributable to Meritor and net income from continuing operations attributable to Meritor to be in the range of $115 million to $140 million
• Diluted earnings per share from continuing operations to be in the range of $1.55 to $1.90
• Adjusted diluted earnings per share from continuing operations to be in the range of $2.25 to $2.50
• Adjusted EBITDA margin to be in the range of 10.6 percent to 10.8 percent
• Operating cash flow to be in the range of $205 million to $220 million
• Free cash flow to be in the range of $110 million to $125 million

For earnings history and earnings-related data on Meritor (MTOR) click here.

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