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

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

Meritor Reports Third-Quarter Fiscal Year 2016 Results

August 3, 2016 8:01 AM EDT

TROY, Mich., Aug. 3, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its third fiscal quarter ended June 30, 2016.

Third-Quarter Highlights

Sales of $841 million Net income attributable to Meritor of $41 million Diluted earnings per share from continuing operations of $0.46 Adjusted diluted earnings per share of $0.57 Adjusted EBITDA of $96 million, adjusted EBITDA margin at 11.4 percent Repurchased $38 million of common stock; $210 million repurchase program now complete Board of Directors approves new authorizations for up to $150 million debt and $100 million equity... More