Meritor sees FY13 adjusted EPS 25c-35c, may not be comparable to consensus 49c Sees FY13 sales $4B, consensus $4B. Sees FY13 free cash flow from continuing operations about breakeven including $73M of pension contributions, sees FY13 effective tax rate about 50%. Comments from investor presentation slides.
Meritor reports Q1 adjusted EPS 33c, consensus 37c Reports Q1 revenue $809M, consensus $845.94M. The decrease in sales was driven by the effect of foreign exchange translation in Europe and Brazil and weak economic conditions in South America.