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2017 News Releases
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Meritor, Inc. at Jefferies 2017 Industrials Conference  (Replay)
08/09/17 at 8:00 a.m. ET
Meritor, Inc. at Jefferies 2017 Industrials Conference
Wednesday, August 9, 2017 8:00 a.m. ET  
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Q3 2017 Meritor, Inc. Earnings Conference Call (Replay)
08/02/17 at 10:00 a.m. ET
Q3 2017 Meritor, Inc. Earnings Conference Call
Wednesday, August 2, 2017 10:00 a.m. ET  
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08/18/17Meritor Announces Notice of Partial Redemption of $100,000,000 Aggregate Principal Amount of its 6.750% Notes Due 2021
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... 
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08/07/17Meritor to Present at Jefferies 2017 Industrials Conference
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... 
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08/02/17Meritor Reports Third-Quarter Fiscal Year 2017 Results
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. Third-Quarter Highlights 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... 
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07/25/17Meritor Earns 2016 Gold Award for Delivery from Ashok Leyland for On-Time Delivery Performance
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... 
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07/25/17Meritor Earns 2016 Quality Achievement Award from PACCAR
TROY, Mich., July 25, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) has received a 2016 10 PPM Quality Award for the Escobedo, Mexico plant from PACCAR recognizing excellent suppliers that meet or exceed its rigorous, near-perfect standard of 10 or fewer defective parts for every 1 million parts shipped to the OEM. "Throughout the world, PACCAR's DAF, Kenworth and Peterbilt trucks have earned a reputation for unsurpassed quality and part of this success goes to suppliers like Meritor," sai... 
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07/25/17Meritor Earns 2016 Quality Improvement Award from Hino Motors Manufacturing U.S.A., Inc.
TROY, Mich., July 25, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) has received the 2016 Quality Improvement Award from Hino Motors Manufacturing U.S.A., Inc. – a "significant accomplishment," according to Hino. Meritor supplies the OEM with front and rear dressed axles from its Forest City, North Carolina site. "This distinguished accolade recognizes Meritor's commitment to quality performance," said Davey Jung, executive vice president for Hino. "We congratulate Meritor for its continuo... 
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07/25/17Meritor Earns 2016 Masters of Quality Supplier Award From Daimler Trucks North America
TROY, Mich., July 25, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) has received the prestigious 2016 Masters of Quality Award from Daimler Trucks North America. Meritor supplies front and rear axles, drivelines and brakes for Daimler's Freightliner and Western Star brands from four facilities in North America. To qualify for the award, suppliers must have fewer than 50 rejected parts for every 1 million parts shipped to Daimler and achieve an overall supplier score of greater than 94 perc... 
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07/17/17Meritor Appoints Cheri Lantz Vice President and Chief Strategy Officer
TROY, Mich., July 17, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) announced today that Cheri Lantz has joined the company as vice president and chief strategy officer, effective immediately. "Cheri's extensive background as a results-focused executive in the commercial vehicle and industrial sectors will greatly benefit Meritor as the company continues its transformation focused on profitable growth," said Jay Craig, CEO and president of Meritor. "We welcome her to Meritor and look forwar... 
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07/13/17REV Group Inc. and Meritor® Announce New Standard Supplier Agreement
REV Group's Bus, Fire and Specialty Vehicles to be Equipped with Meritor Fully Dressed Axles MILWAUKEE and TROY, Mich., July 13, 2017 /PRNewswire/ -- REV Group (NYSE: REVG) and Meritor, Inc. (NYSE: MTOR) today announced a new standard supplier agreement. Under the terms of the three-year agreement, REV Group will equip its bus, fire and specialty vehicles with Meritor's fully dressed axle assemblies. Tim Sullivan, President and CEO of REV Group said, "REV Group's focus on contin... 
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07/06/17Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2017 Third-Quarter Earnings Results
TROY, Mich., July 6, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's third-quarter results for fiscal year 2017 on Wednesday, Aug. 2 at 10 a.m. ET. To participate, call (844) 412-1003 at least 10 minutes prior to the start of the call. Investors can also listen to the conference call in real time or access a recording of the call for seven days after the event by visiting the investors page on meritor.com. A replay of the cal... 
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06/30/17Meritor, Inc. Announces Conversion Option for 7.875% Convertible Senior Notes Due 2026
TROY, Mich., June 30, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it is notifying holders of its 7.875% Convertible Senior Notes due 2026 (the "Notes") that they are entitled to convert all or a portion of their Notes at any time beginning July 1, 2017 and prior to the close of business on September 29, 2017 at a rate of 83.3333 shares of common stock per $1,000 principal amount at maturity of the Notes (representing a conversion price of approximately $12.00 per share).... 
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05/18/17Meritor Employees Recognized as Women Worth Watching in STEM
TROY, Mich., May 18, 2017 /PRNewswire/ -- Meritor, Inc.'s (NYSE:MTOR)  Linda Taliaferro and Lucille Gartman are among 45 individuals recognized as Women Worth Watching in STEM (science, technology, engineering and mathematics) by Profiles in Diversity Journal. Taliaferro, vice president, Global Quality, and Gartman, site manager, Franklin, Kentucky, are profiled in a special edition of the publication. "These two women have consistently used their STEM skills to drive innovation and value fo... 
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05/03/17Meritor Reports Second-Quarter Fiscal Year 2017 Results
TROY, Mich., May 3, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its second fiscal quarter ended March 31, 2017. Second-Quarter Highlights Sales of $806 million Net income attributable to the company and net income from continuing operations attributable to the company of $22 million Diluted earnings per share from continuing operations of $0.24 Adjusted income from continuing operations attributable to the company of $32 mill... 
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04/25/17Meritor® 13X Single-Drive Axle Now Available to Fleets for International Truck's Medium-Duty Applications
TROY, Mich., April 25, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today announced that its 13X single-drive axle is available for specification by fleets purchasing medium-duty trucks from International Truck. It will become standard equipment on DuraStar models in July. "The 13X axle brings Meritor's legendary durability and efficiency to a wide range of applications in the medium-duty market," said Ken Hogan, vice president, Rear Drivetrain for Meritor. "International Truck's medium-dut... 
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04/24/17Meritor® Launches MeritorPartsXpress.com: A Best-in-Class, User-Friendly Website to Enhance the Process of Buying Commercial Vehicle Aftermarket Parts
TROY, Mich., April 24, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of MeritorPartsXpress.com, a new e-commerce platform that makes it easier for U.S. and Canadian customers to shop for Meritor Aftermarket parts on their computers, smartphones or tablets. The new website replaces MeritorPartsOnline.com in the United States and Canada. "Our goal is to deliver a best-in-class, time-saving and user-friendly website that reduces the amount of effort needed for custom... 
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04/20/17Meritor® Appoints Myers Diesel Repair as Partner in Meritor Service Point Program
TROY, Mich., April 20, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today announced that Myers Diesel Repair of Bakersfield, California is an approved service partner for the Meritor Service Point program. Myers joins Meritor's growing list of approved service points and is the second partner added to the program in the last 60 days. "Myers Diesel Repair is known for its wide array of parts and service offerings in central California, and we're pleased to bring those capabilities to the Mer... 
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04/04/17Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2017 Second-Quarter Earnings Results
TROY, Mich., April 4, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's second-quarter results for fiscal year 2017 on Wednesday, May 3 at 10 a.m. ET. To participate, call (844) 412-1003 at least 10 minutes prior to the start of the call. Investors can also listen to the conference call in real time or access a recording of the call for seven days after the event by visiting the investors page on meritor.com. A replay of the ca... 
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03/31/17Meritor, Inc. Announces Conversion Option for 7.875% Convertible Senior Notes Due 2026
TROY, Mich., March 31, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today announced that it is notifying holders of its 7.875% Convertible Senior Notes due 2026 (the "Notes") that they are entitled to convert all or a portion of their Notes at any time beginning April 1, 2017 and prior to the close of business on June 30, 2017 at a rate of 83.3333 shares of common stock per $1,000 principal amount at maturity of the Notes (representing a conversion price of approximately $12.00 per share). The... 
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03/07/17Meritor® Announces P600 Series Tridem Heavy-Haul Planetary Axle for Severe-Duty Applications
Meritor's Aggressive Off-Highway Growth Plans Include Additional Product Launches TROY, Mich., March 7, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today announced at CONEXPO-CON/AGG 2017 the introduction of its new P600 Series Tridem Heavy-Haul Planetary Axle for heavy-duty, long-haul, oil field, mining and logging applications. Full production begins in June. "The new tridem is the next-generation axle from our award-winning P600 series and one of many new products Meritor will bring ... 
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03/07/17Meritor® Selects Vonic Fleet Services as Partner in Meritor Service Point Program
TROY, Mich., March 7, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) announced today that Vonic Fleet Services of Anaheim, California is an approved service partner of the Meritor Service Point program. "Vonic Fleet Services is well-established in the southern California area and is well-known for providing reliable, quality service," said Terry Livingston, senior director, Strategic Sales, Aftermarket for Meritor. "These are the exact attributes we are looking for in our Meritor Service Poi... 
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03/06/17Meritor Names David C. Parry to its Board of Directors
TROY, Mich., March 6, 2017 /PRNewswire/ -- The Board of Directors of Meritor, Inc. (NYSE:MTOR) today announced that it has elected David C. Parry to the Board of Directors as a Class III director with a term expiring at the 2018 annual meeting of shareholders. His appointment is effective as of April 20, 2017. Parry will serve as a member of the Compensation and Management Development Committee. Parry has served as vice chairman, ITW, since 2010. Prior to that, he was executive vice presiden... 
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02/28/17Meritor® Earns Top 20 Product Award from Heavy Duty Trucking Magazine for MFS™ Series Front-Steer Axle
TROY, Mich., Feb. 28, 2017 /PRNewswire/ -- Meritor® (NYSE: MTOR) announced today it has earned Heavy Duty Trucking (HDT) magazine's 2017 Top 20 Product Award for its MFS™ series front-steer axle. The award honors the most innovative and significant new products that address industry issues and help fleets improve their bottom line, according to Deborah Lockridge, HDT editor. HDT announced the awards at the Technology and Maintenance Council's 2017 Annual Meeting & Transportation Technolo... 
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02/27/17Meritor® Announces 14X HE (High-Efficiency) Tandem Drive Axle for North America Linehaul Market
TROY, Mich., Feb. 27, 2017 /PRNewswire/ -- Meritor® (NYSE:MTOR) today announced its new 14X HE high-efficiency linehaul tandem drive axle at the 2017 Technology & Maintenance Council's (TMC) Annual Meeting & Transportation Technology Exhibition in Nashville, Tennessee. "Built upon our trusted and valued 14X platform that is specified by a large majority of fleets, the new 14X HE is an evolutionary axle that takes efficiency to a whole new level," said Ken Hogan, vice president, Rear ... 
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02/27/17Meritor® EX+L Air Disc Brakes Available on Navistar's International Trucks Brands in February 2017
Air Disc Brakes Improve Performance and Reduce Lifecycle Costs TROY, Mich., Feb. 27, 2017 /PRNewswire/ -- Meritor® (NYSE:MTOR) announced today that EX+L air disc brakes will be available on International® LT Series tractors beginning in February. "Demand for air disc brakes is growing among North America fleets that are increasingly concerned about safety and reliability, and our market-leading brake products address these issues," said T.J. Reed, general manager, Front Drivetrain for Meri... 
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02/20/17Meritor Earns Diamond Supplier Award from Navistar
TROY, Mich., Feb. 20, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) announced today that it was among 34 suppliers to earn Navistar's Diamond Supplier Award, which recognizes the top 2 percent of Navistar's supply chain. Recipients are selected for the award based on their ability to help the OEM improve customer uptime and exceed expectations for quality, delivery, technology and cost. "We are proud to receive this award from such an important customer," said Chris Villavarayan, president, ... 
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02/01/17Meritor Reports First-Quarter Fiscal Year 2017 Results
TROY, Mich., Feb. 1, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter ended Dec. 31, 2016. First-Quarter Highlights Sales of $699 million. Net income attributable to the company and net income from continuing operations attributable to the company of $15 million each. Diluted earnings per share from continuing operations of $0.17. Adjusted income from continuing operations attributable to the company of $22 million, or $... 
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01/24/17Meritor Virtual Reality App Showcases Advanced Product Solutions from Meritor®
TROY, Mich., Jan. 24, 2017 /PRNewswire/ -- Meritor® (NYSE:MTOR) announced the launch of its first virtual reality app customers can use to learn about the company's advanced product solutions during a virtual ride in a semi-truck.    "Through our new app, we can showcase our products to customers in a way that's not feasible in the real world," said Ryan Obert, director, Product Marketing for Meritor. "This new educational tool helps to simplify our advanced drivetrain technologies, and users... 
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01/24/17Meritor Announces Third-Year Extension of 'Shoes for Soldiers' to Help Position Wounded Veterans for Success
Company will Donate Up to $60,000 from Remanufactured Brake Shoe Sales and Matching Funds to Wyakin Foundation TROY, Mich., Jan. 24, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today announced the extension of its successful "Shoes for Soldiers" for a third year and will donate up to $60,000 from the sale of remanufactured brake shoes and corporate matching to a foundation that helps position severely wounded, injured or ill veterans for success.  Meritor will donate $50,000 from reman... 
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01/24/17Doctor Preload® Distributed by Meritor® Named No. 1 Tool by Shop Owners and Technicians
TROY, Mich., Jan. 24, 2017 /PRNewswire/ -- Meritor® (NYSE: MTOR) announced today that the Doctor Preload® Tool used in the Meritor Wheel Bearing Adjustment System for the aftermarket was the No. 1 tool selected by shop owners and specialists responding to a survey from Professional Tool and Equipment News. Meritor is the exclusive North America distributor of Doctor Preload and Temper-Loc® spindle nut.  Erica Schueller, editor of Professional Tool and Equipment News, presented the top six to... 
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01/24/17Meritor® Expands FastSet™ No-Ream King Pin Kit Product Line
TROY, Mich., Jan. 24, 2017  /PRNewswire/ -- Meritor® (NYSE: MTOR) announced today at Heavy Duty Aftermarket Week 2017 that it has expanded the FastSet™ King Pin Kit product line to now offer 45 no-ream kits that provide fleets with a faster solution for aftermarket king pin replacement. "Meritor FastSet is now available for all popular axle applications, including Meritor, Dana, Eaton, Spicer, Mack, Volvo, Chevrolet, GMC, Isuzu and Axle Alliance," said Joe Ghering, product manager, Steering ... 
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01/09/17Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2017 First-Quarter Earnings Results
TROY, Mich., Jan. 9, 2017 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's first-quarter results for fiscal year 2017 on Wednesday, Feb. 1 at 10 a.m. ET. To participate, call (844) 412-1003 at least 10 minutes prior to the start of the call. Investors can also listen to the conference call in real time or access a recording of the call for seven days after the event by visiting the investors page on meritor.com. A replay of the cal... 
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