Meritor (MTOR) Tops Q3 EPS by 12c, Raises FY Guidance
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Meritor (NYSE: MTOR) reported Q3 EPS of $0.62, $0.12 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $923.87 million.
GUIDANCE:
Meritor sees FY2021 EPS of $2.45, versus the consensus of $2.25. Meritor sees FY2021 revenue of $3.9 billion, versus the consensus of $3.74 billion.
- Revenue to be approximately $3.9 billion (prior outlook of $3.650 billion to $3.8 billion)
- Net income attributable to Meritor and net income from continuing operations attributable to Meritor to be approximately $175 million (prior outlook of $145 million to $155 million)
- Diluted earnings per share from continuing operations to be approximately $2.40 (prior outlook of $2.00 to $2.15)
- Adjusted diluted earnings per share from continuing operations to be approximately $2.45 (prior outlook of $2.15 to $2.30)
- Adjusted EBITDA margin to be approximately 10.7% (prior outlook of 10.6 percent to 10.8 percent)
- Operating cash flow to be approximately $210 million (prior outlook of $205 million to $220 million)
- Free cash flow to be approximately $115 million (prior outlook of $110 million to $125 million)
For earnings history and earnings-related data on Meritor (MTOR) click here.
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