Meritor (MTOR) Tops Q1 EPS by 18c, Revenues Beat; Offers FY19 EPS/Revenue Outlook Above Consensus

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Go back to Meritor (MTOR) Tops Q1 EPS by 18c, Revenues Beat; Offers FY19 EPS/Revenue Outlook Above Consensus

Meritor Reports First-Quarter Fiscal Year 2019 Results

January 29, 2019 6:45 AM EST

TROY, Mich., Jan. 29, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter ended Dec. 31, 2018.

First-Quarter Highlights

Sales of $1,038 million Net income attributable to the company and net income from continuing operations attributable to the company of $90 million Diluted earnings per share from continuing operations of $1.03 Adjusted income from continuing operations attributable to the company of $69 million, or $0.79 per adjusted diluted share Adjusted EBITDA of $119 million and adjusted EBITDA margin of 11.5 percent Repurchased 3 million common shares

First-Quarter... More