Meritor (MTOR) Tops Q2 EPS by 13c, Revenues Beat; Raises FY19 Revenue Guidance Above Consensus, Affirms FY19 EPS Views Above Consensus

Meritor (NYSE: MTOR) reported Q2 EPS of $1.03, $0.13 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.11 billion.

Second-Quarter Highlights

• Sales of $1,156 million
• Net income attributable to the company of $72 million and net income from continuing operations attributable to the company of $73 million
• Diluted earnings per share of $0.84
• Adjusted income from continuing operations attributable to the company of $88 million, or $1.03 per adjusted diluted share
• Adjusted EBITDA of $139 million and adjusted EBITDA margin of 12.0 percent

"We delivered solid execution on our priorities during the quarter with strong conversion while continuing investments in our future," said Jay Craig, CEO and president. "We expect to successfully deliver our M2019 plan and build on this success as we transition to M2022."

GUIDANCE:

Meritor sees FY2019 EPS of $3.50, versus the consensus of $3.39. Meritor sees FY2019 revenue of $4.4 billion, versus the consensus of $4.35 billion.

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

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