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Meritor Reports Third-Quarter Fiscal Year 2021 Results

Meritor Reports Third-Quarter Fiscal Year 2021 Results
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Meritor Reports Second-Quarter Fiscal Year 2021 Results

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Meritor Reports Second-Quarter Fiscal Year 2021 Results
May 4, 2021 GMT
Meritor, Inc. logo. (PRNewsFoto/Meritor, Inc.) (PRNewsfoto/Meritor, Inc.)
TROY, Mich., May 4, 2021 /PRNewswire/ Meritor, Inc. (NYSE: MTOR) today reported financial results for its second fiscal quarter that ended March 31, 2021.
Second-Quarter Highlights
Sales of $983 million
Net income attributable to Meritor and net income from continuing operations attributable to Meritor of $63 million
Diluted earnings per share from continuing operations of $0.86
Adjusted income from continuing operations attributable to the company of $50 million, or $0.68 per adjusted diluted share
Adjusted EBITDA of $111 million and adjusted EBITDA margin of 11.3 percent ....

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Meritor Reports First-Quarter Fiscal Year 2021 Results

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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 ....

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