Meritor (MTOR) Tops Q1 EPS by 8c, Revenues Miss; Offers FY20 EPS/Revenue Guidance Below Consensus
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Meritor Reports First-Quarter Fiscal Year 2020 Results
January 30, 2020 6:45 AM ESTTROY, Mich., Jan. 30, 2020 /PRNewswire/ --Â Meritor, Inc. (NYSE:Â MTOR) today reported financial results for its first fiscal quarter that ended Dec. 31, 2019.
First-Quarter Highlights
Sales of $901 million Net income attributable to Meritor and net income from continuing operations attributable to Meritor were each $39 million Diluted earnings per share from continuing operations of $0.48 Adjusted income from continuing operations attributable to the company of $52 million, or $0.64 per adjusted diluted share Adjusted EBITDA of $98 million and adjusted EBITDA margin of 10.9 percent Repurchased 4.9 million shares for $100 million... More