Photo: Mountain Home Rotarian/6110 Assistant Gov. Stewart Brunner and Renae Schocke, president of the RC of Mountain Home. Photo: Courtesy MH Rotary Secretary Marilyn Loveless
Mountain Home Rotarian Stewart Brunner addressed his home club on Feb. 25, presenting a video program from the president-elect of Rotary International, Shekhar Mehta. A member of the Rotary Club of Calcutta-Mahanagar in India, Mehta will assume the Rotary International leadership role on July 1.
As president, Mehta will provide direction for the 1.25 million Rotarians in 500 districts throughout the world. His international theme for 2021-2022 is “Serve to Change Lives,” an ideal reflected in the Rotarian motto of “Service Above Self.”
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Meritor Inc. (NYSE: MTOR) will begin producing a fully integrated all-electric powertrain for heavy-duty trucks, freeing up space for additional batteries while cutting up to 800 pounds from the weight of a conventional chassis. We re not just bolting that onto our axle. We re integrating it, and that saves space and it saves weight, said John Bennett, Meritor vice president and chief technology officer. To do that effectively and reliably is no small task.
Bennett claims the Blue Horizon 14Xe offers the most advanced electric powertrain for medium and heavy commercial vehicles that the industry has ever seen.
Competitors including
BorgWarner Inc. (NYSE: BWA) and
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TROY, Mich., Feb. 3, 2021 /PRNewswire/ Meritor, Inc. (NYSE:
MTOR) today reported financial results for its first fiscal quarter that ended Dec. 31, 2020.
First-Quarter Highlights
Sales of $889 million
Net income attributable to Meritor and net income from continuing operations attributable to Meritor of $32 million
Diluted earnings per share from continuing operations of $0.44
Adjusted income from continuing operations attributable to the company of $44 million, or $0.60 per adjusted diluted share
Adjusted EBITDA of $102 million and adjusted EBITDA margin of 11.5 percent
Operating cash flow of $44 million
Free cash flow of $34 million
First-Quarter Results
For the first quarter of fiscal year 2021, Meritor posted sales of $889 million, down $12 million, or approximately one percent, from the same period last year. The decrease in sales was driven primarily by the impact from the termination of the WABCO distribution arrangement, which occurr
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Meritor Announces Executive Appointments
Meritor, Inc. logo. (PRNewsFoto/Meritor, Inc.) (PRNewsfoto/Meritor, Inc.)
TROY, Mich., Feb. 1, 2021 /PRNewswire/ Meritor, Inc. (NYSE: MTOR) (the “Company” or “Meritor”) today announced executive appointments, which are effective March 1, 2021.
These appointments align with the previously announced leadership transition in which Jay Craig, chief executive officer and president, will transition to the role of executive chairman of the Board of Directors on Feb. 28, 2021, and Chris Villavarayan, executive vice president and chief operating officer, will succeed Mr. Craig as chief executive officer and president, and a director on the company’s board.