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Meritor Inc (MTOR.N)

MTOR.N on New York Stock Exchange

21.60USD
20 Apr 2018
Change (% chg)

$-0.04 (-0.18%)
Prev Close
$21.64
Open
$21.50
Day's High
$21.75
Day's Low
$21.20
Volume
430,270
Avg. Vol
376,630
52-wk High
$29.53
52-wk Low
$14.97

Latest Key Developments (Source: Significant Developments)

Meritor Realigns Operating Segments To Drive Long-Term Objectives
Friday, 19 Jan 2018 

Jan 18 (Reuters) - Meritor Inc ::MERITOR REALIGNS OPERATING SEGMENTS TO DRIVE LONG-TERM STRATEGIC OBJECTIVES.MERITOR INC - ANNOUNCED REALIGNMENT OF ITS OPERATING SEGMENTS; SAYS ASSIGNING NEW RESPONSIBILITIES.  Full Article

Meritor Sees FY 2019 Revenue $3.95 Bln
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Meritor Inc ::SEES FY 2019 REVENUE $3.95 BILLION; SEES FY 2019 ADJUSTED EARNINGS PER SHARE $2.84; SEES FY 2019 ADJUSTED EBITDA $455 MILLION - SEC FILING.FY2019 EARNINGS PER SHARE VIEW $2.84 -- THOMSON REUTERS I/B/E/S.  Full Article

Meritor reports Q4 earnings per share $2.63 from continuing operations
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Meritor Inc :Meritor reports fourth-quarter and fiscal year 2017 results.Q4 adjusted earnings per share $0.62 from continuing operations.Q4 earnings per share $2.63 from continuing operations.Q4 sales rose 27 percent to $922 million.Meritor Inc - ‍believe new business wins secured during fiscal 2017 will contribute about $160 million in revenue during fiscal 2019​.Meritor Inc - ‍sees 2018 adjusted diluted earnings per share from continuing operations to be in range of $2.20 to $2.40​.Meritor Inc - sees ‍fy 2018 revenue to be in range of $3.6 billion to $3.7 billion​.Q4 earnings per share view $0.44, revenue view $839.6 million -- Thomson Reuters I/B/E/S.  Full Article

Meritor says issued $325 mln aggregate principal amount of its 3.25 pct convertible senior notes due 2037​
Tuesday, 26 Sep 2017 

Sept 25 (Reuters) - Meritor Inc :Meritor Inc says ‍on September 22, 2017, Meritor issued $325 million aggregate principal amount of its 3.25% convertible senior notes due 2037​ - SEC Filing.Meritor Inc - convertible senior notes will mature on October 15, 2037, unless earlier converted, redeemed or repurchased.  Full Article

Meritor Q3 adjusted earnings per share $0.57 from continuing operations
Wednesday, 3 Aug 2016 

Meritor Inc : Q3 adjusted earnings per share $0.57 from continuing operations . Q3 earnings per share $0.46 from continuing operations . Q3 earnings per share $0.45 . Q3 sales $841 million . Q3 earnings per share view $0.43, revenue view $836.7 million -- Thomson Reuters I/B/E/S . Sees FY 2016 adjusted earnings per share about $1.60 from continuing operations . FY2016 earnings per share view $1.56, revenue view $3.25 billion -- Thomson Reuters I/B/E/S . Sees FY 2016 revenue about $3.225 billion .Board of directors approves new authorizations for up to $150 million debt and $100 million equity repurchases.  Full Article

Meritor entered into amendment to second amended, restated credit agreement
Monday, 6 Jun 2016 

Meritor Inc : On June 2, entered into amendment no. 3 to second amended and restated credit agreement - sec filing . Amendment increases commitment of a lender by approximately $6.65 million, permits company to execute certain internal restructuring plans .Amendment resets and increases amount of certain permitted investments in foreign subsidiaries under investments covenant to $250 million.  Full Article

Meritor Inc lowers FY 2016 guidance
Wednesday, 4 May 2016 

Meritor Inc:Revises its guidance for FY 2016 as follows: revenue to be about $3.275 billion, as compared to prior outlook of about $3.4 billion.Adjusted diluted earnings per share from continuing operations to be in the range of $1.55 to $1.65, as compared to prior outlook in the range of $1.65 to $1.75.  Full Article

BRIEF-Meritor Announces Conversion Option For 7.875 Pct Convertible Senior Notes

* MERITOR INC ANNOUNCES CONVERSION OPTION FOR 7.875% CONVERTIBLE SENIOR NOTES DUE 2026 Source text for Eikon: Further company coverage: