Meritor (MTOR) Tops Q4 EPS by 18c

Meritor (NYSE: MTOR) reported Q4 EPS of $0.62, $0.18 better than the analyst estimate of $0.44. Revenue for the quarter came in at $922 million versus the consensus estimate of $835.4 million.

Outlook for Fiscal Year 2018

Meritor expects the following from continuing operations:

• Revenue to be in the range of $3.6 billion to $3.7 billion.
• Net income attributable to Meritor and net income from continuing operations attributable to Meritor to be in the range of $160 million to $180 million (diluted earnings per share of $1.75 to $1.95).
• Adjusted EBITDA margin of 10.8 percent to 11.0 percent.
• Adjusted diluted earnings per share from continuing operations to be in the range of $2.20 to $2.40.
• Operating cash flow in the range of $190 million to $200 million.
• Free cash flow to be in the range of $90 million to $100 million.

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

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