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.
TROY, Mich., Aug. 18, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has issued a notice of partial redemption for $100,000,000 aggregate principal amount of its 6.750% notes due 2021 (the "Notes"). The redemption date is Sept. 28, 2017 ("Redemption Date"), and the redemption price will be equal to $1,033.75 per $1,000 principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, up to, but not including, the Redemption Date.
From and afte...
TROY, Mich., Aug. 7, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will participate in the Jefferies 2017 Industrials Conference on Wednesday, Aug. 9 in New York City. Kevin Nowlan, senior vice president and chief financial officer for Meritor, will present at 8 a.m. ET.
A live webcast of the presentation will be available on the Investors' page of meritor.com. An audio replay will be available for 30 days following the presentations. In addition, the presentation will be posted to the Pres...
Revenue Increased 9 Percent Year-Over-Year
Diluted Earnings Per Share Up 13 Percent Year-Over-Year
TROY, Mich., Aug. 2, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today reported financial results for its third fiscal quarter ended June 30, 2017.
Sales of $920 million
Net income attributable to the company of $48 million and net income from continuing operations attributable to the company of $49 million
Diluted earnings per share from con...
TROY, Mich., July 25, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) received the first-ever Gold Award from Ashok Leyland for on-time delivery performance, including support for sudden ramp-up in construction dump truck demand. Meritor's Mysore, India site supplies almost 65 percent of the axles and half of the brake systems for Ashok Leyland, a major manufacturer of commercial vehicles for India and export markets.
"Meritor meets our requirements due to its incredible sense of timing and p...