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

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

Meritor Reports First-Quarter Fiscal Year 2021 Results

February 3, 2021 6:51 AM EST

TROY, Mich., Feb. 3, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter that ended Dec. 31, 2020.

First-Quarter Highlights

Sales of $889 million Net income attributable to Meritor and net income from continuing operations attributable to Meritor of $32 million Diluted earnings per share from continuing operations of $0.44 Adjusted income from continuing operations attributable to the company of $44 million, or $0.60 per adjusted diluted share Adjusted EBITDA of $102 million and adjusted EBITDA margin of 11.5 percent Operating cash flow of $44 million Free cash flow... More