Meritor (MTOR) Tops Q4 EPS by 18c
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Meritor Reports Fourth-Quarter and Fiscal Year 2017 Results
November 15, 2017 6:45 AM ESTTROY, Mich., Nov. 15, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its fourth quarter and full fiscal year ended Sept. 30, 2017.
Fourth-Quarter Highlights
Sales were $922 million. Net income attributable to Meritor and net income from continuing operations attributable to Meritor were each $239 million. Diluted earnings per share from continuing operations were $2.63. Adjusted income from continuing operations attributable to Meritor was $56 million, or $0.62 of Adjusted diluted earnings per share. Adjusted EBITDA was $98 million. Adjusted EBITDA margin was 10.6... More