Meritor (MTOR) Tops Q4 EPS by 6c; Guides FY17 EPS Below the Street
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Meritor Reports Fourth-Quarter and Fiscal Year 2016 Results
November 16, 2016 8:00 AM ESTTROY, Mich., Nov. 16, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its fourth quarter and full fiscal year ended Sept. 30, 2016.
Fourth-Quarter Highlights
Sales were $728 million. Net income attributable to Meritor and net income from continuing operations attributable to Meritor were each $452 million. Diluted earnings per share from continuing operations was $5.10. Adjusted income from continuing operations attributable to Meritor was $30 million, or $0.34 per adjusted diluted share from continuing operations. Adjusted EBITDA was $74 million. Adjusted EBITDA margin was 10.2... More