Meritor (MTOR) Tops Q3 EPS by 14c; Updates FY16 Outlook

Meritor (NYSE: MTOR) reported Q3 EPS of $0.57, $0.14 better than the analyst estimate of $0.43. Revenue for the quarter came in at $841 million versus the consensus estimate of $838.55 million.

The Board of Directors has elected Jan Bertsch to the Meritor Board of Directors, effective Sept. 29, 2016, as a Class III director with a term expiring at the 2018 annual meeting of shareholders.

Bertsch has served as senior vice president and chief financial officer of Owens-Illinois, Inc. since November 2015. From 2012 to 2015 she served as executive vice president, chief financial officer of Sigma-Aldrich Corporation.

Before joining Sigma-Aldrich Corporation, she served in various capacities as vice president and treasurer and subsequently vice president, controller and principal accounting officer at BorgWarner, Inc. from 2009 to 2012. Prior to that, she served in various capacities for Chrysler Group LLC, ultimately serving as senior vice president, chief information officer and treasurer of Chrysler LLC.

Bertsch earned a Bachelor of Arts degree in finance from Wayne State University and a Master of Business Administration from Eastern Michigan University.

GUIDANCE:

Meritor sees FY2016 EPS of $1.60, versus prior guidance of $1.55-$1.65 and the consensus of $1.56. Meritor sees FY2016 revenue of $3.225 billion, versus prior guidance of $3.275 billion and the consensus of $3.25 billion.

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

You May Also Be Interested In

• Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
• Norfolk Southern (NSC) Misses Q1 EPS by 12c
• Hasbro (HAS) brand strength sees earnings top expectations