Meritor (MTOR) Tops Q1 EPS by 18c; Offers 2022 Guidance
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Meritor Reports First-Quarter Fiscal Year 2022 Results
February 3, 2022 6:45 AM ESTTROY, Mich., Feb. 3, 2022 /PRNewswire/ --Â Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter that ended December 31, 2021.
First-Quarter Highlights
Sales of $984 million Net income attributable to Meritor and net income from continuing operations attributable to Meritor of $54 million Diluted earnings per share from continuing operations of $0.76 Adjusted income from continuing operations attributable to the company of $57 million, or $0.80 of adjusted diluted earnings per share Adjusted EBITDA of $113 million and adjusted EBITDA margin of 11.5 percent Operating cash flow was negative $21 million... More