Meritor (MTOR) Tops Q2 EPS by 9c

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Meritor Reports Second-Quarter Fiscal Year 2022 Results

May 3, 2022 7:30 AM EDT

TROY, Mich., May 3, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its second fiscal quarter that ended March 31, 2022.

Second-Quarter Highlights

Sales of $1,154 millionNet income attributable to Meritor of $62 million and net income from continuing operations attributable to Meritor of $61 millionDiluted earnings per share from continuing operations of $0.85Adjusted income from continuing operations attributable to the company of $70 million, or $0.98 of adjusted diluted earnings per shareAdjusted EBITDA of $127 million and adjusted EBITDA margin of 11.0 percentOperating... More