Meritor (MTOR) Misses Q3 EPS by 1c, Revenues Beat; Offers 4Q Revenue Guidance Above Consensus

Go back to Meritor (MTOR) Misses Q3 EPS by 1c, Revenues Beat; Offers 4Q Revenue Guidance Above Consensus

Meritor Reports Third-Quarter Fiscal Year 2020 Results

July 29, 2020 6:45 AM EDT

TROY, Mich., July 29, 2020 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its third fiscal quarter that ended June 30, 2020.

Third-Quarter Highlights

Sales of $514 million Net loss attributable to Meritor and net loss from continuing operations attributable to Meritor were $36 million Diluted loss per share from continuing operations of $0.50 Adjusted loss from continuing operations attributable to the company of $34 million, or $0.47 loss per adjusted diluted share Adjusted EBITDA of $7 million and adjusted EBITDA margin of 1.4 percent Operating cash flow was negative $102 million... More