New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 23, 2014
08:07 EDTMTORMeritor announced board authorized repurchase of up to $210M
The Company expects repurchases under this program to be made through open market or privately negotiated transactions, which would commence upon achievement of its M2016 debt reduction target. With the proceeds from the Eaton lawsuit deployed to pre-fund pension contributions, the Company now expects to achieve this target in the second half of calendar year 2015.
News For MTOR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 29, 2015
06:57 EDTMTORMeritor sell-off on customer in-sourcing concerns overdone, says Barclays
Subscribe for More Information
January 28, 2015
08:05 EDTMTORMeritor backs FY15 adjusted EPS $1.20-$1.30, consensus $1.35
Cuts FY15 revenue to $3.7B from $3.8B, consensus $3.83B; Backs FY15 free cash flow to be approximately $100M. Raises FY15 adjusted EBITDA margin to be approximately 9% from 8.8%-9%. Backs FY15 CapEx $80M-$90M; Backs FY15 effective income tax of approximately 20%.
08:04 EDTMTORMeritor reports Q1 Commercial Truck & Industrial sales $703M
Subscribe for More Information
08:03 EDTMTORMeritor reports Q1 adjusted EPS 35c, consensus 27c
Reports Q1 revenue $879M, consensus $906.81M; The sales decrease was primarily driven by lower commercial truck production and unfavorable exchange rates in Europe and South America, as well as lower revenue from Meritor's defense business. This impact was partially offset by higher sales in North America as the Class 8 truck market continued to strengthen.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use