Meritor, Inc. focuses on maintaining market leadership positions. Those positions drive consistent top-line growth, which, along with process excellence, allows the company to achieve aggressive financial goals. These goals drive superior performance and build shareowner value.
Improves Adjusted EBITDA Margin by 40 Basis Points Year-Over-Year
Generates Net Income from Continuing Operations of $28 Million
TROY, Mich., Feb. 3, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today reported financial results for its first fiscal quarter ended Dec. 31, 2015.
Sales were $809 million, down $70 million, or approximately 8 percent, from the same period last year.
Net income attributable to Meritor from continuing operations on a GAAP bas...
TROY, Mich., Feb. 2, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) announced the appointment of Ernie DeVincent as vice president, Engineering, Quality and Product Strategy, effective Feb. 1. In this role, DeVincent will have direct responsibility for Meritor's global research and development activities, advanced product engineering, quality and product strategy development.
"Ernie's extensive global product and manufacturing engineering leadership will help Meritor further strengthen its f...
New Process Offers Superior Coating Adherence to Shoes
LAS VEGAS, Jan. 26, 2016 /PRNewswire/ -- Meritor® (NYSE: MTOR) announced today at Heavy Duty Aftermarket Week '16 (HDAW) that it launched PlatinumShield® III coating for aftermarket customers purchasing new and remanufactured Meritor brake shoes.
"PlatinumShield was a game-changer when it was introduced in 2009 to extend brake shoe life, and this second improvement in the product offers a new benchmark in coating adherence," said Aaro...
Company Increases Donation Up to $70,000 from Remanufactured Brake Shoe Sales andCorporate Matching Funds to Wyakin Warrior Foundation
LAS VEGAS, Jan. 26, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a one-year extension of "Shoes for Soldiers" and will donate up to $70,000 from remanufactured brake sales and corporate matching funds to a foundation that helps position severely wounded, injured or ill veterans for success.
Meritor will donate $50,000 from remanufactured...