Meritor Reports Second-Quarter Fiscal Year 2015 Results
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April 29, 2015 7:34 AM EDT
Meritor (NYSE: MTOR) reported Q2 EPS of $0.41, $0.09 better than the analyst estimate of $0.32. Revenue for the quarter came in at $864 million versus the consensus estimate of $946.57 million.
Meritor sees FY2015 EPS of $1.30-$1.40, versus prior guidance of $1.20-$1.30 and the consensus of $1.32. Meritor... More
April 29, 2015 7:32 AM EDT
Meritor (NYSE: MTOR) announced that effective today, Ivor J. ("Ike") Evans, Chairman of the Board of Directors and Chief Executive Officer, has been appointed to the role of Executive Chairman. Jeffrey A. ("Jay") Craig, President and Chief Operating Officer, succeeds Evans as Chief Executive Officer and will remain President. Craig has also been appointed to the Board of Directors, effective immediately.
"Under Ike's leadership, Meritor has made significant progress toward the execution of its strategic vision and we are pleased that he will remain actively involved in the Company's leadership as Executive Chairman,"... More
