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2016 News Releases
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Q1 2017 Meritor, Inc. Earnings Conference Call (Replay)
02/01/17 at 10:00 a.m. ET
Q1 2017 Meritor, Inc. Earnings Conference Call
Wednesday, February 1, 2017 10:00 a.m. ET  
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12/08/16Meritor Recognizes 21 North America Companies with 2016 Supplier Partner Awards
TROY, Mich., Dec. 8, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced recipients of its third annual Supplier Partner Awards recognizing 21 North America companies that exceeded Meritor's requirements for excellence in quality, delivery, cost savings and innovation. The awards were presented at a ceremony held Thursday, Dec. 8 at Meritor's world headquarters in Troy, Michigan. "It's important that we recognize suppliers for their hard work," said Jon Rose, vice president, Proc... 
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11/16/16Meritor Reports Fourth-Quarter and Fiscal Year 2016 Results
Generates Net Income Attributable to Meritor of $551 Million for Full Year Achieves 10.2 Percent Adjusted EBITDA Margin for Full Year TROY, Mich., Nov. 16, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today reported financial results for its fourth quarter and full fiscal year ended Sept. 30, 2016. Fourth-Quarter Highlights Sales were $728 million. Net income attributable to Meritor and net income from continuing operations attributable to Meritor were each $452 million. Dil... 
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10/18/16Meritor Donates $5,000 to Hurricane Matthew Relief Efforts in Maxton, Rowland and St. Pauls, North Carolina
TROY, Mich., Oct. 18, 2016 /PRNewswire/ --  Meritor, Inc. (NYSE:MTOR) announced it has donated $5,000 to help with relief efforts in southeastern North Carolina where many people were left homeless from Hurricane Matthew. The company's contribution from the Meritor Trust Fund to Union Chapel Harvest Ministries supports efforts by the American Red Cross to assist hundreds of residents housed temporarily in shelters at Purnell Swett High School shelter in Maxton, South Robeson High School in R... 
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10/12/16Meritor® Expands Aftermarket Wheel-End Portfolio to Include Opti-Lite™ Brake Drums
New Option Offers Lightweight, Cost-Effective Wheel-End Solution TROY, Mich., Oct. 12, 2016 /PRNewswire/ -- Meritor® (NYSE:MTOR) today announced an expansion of its wheel-end portfolio to include Opti-Lite™ brake drums that offer cost-conscious aftermarket consumers a new lightweight drum option. The Opti-Lite drum is designed for linehaul and weight-sensitive applications such as tanker/trailer and freight. "Developed on the same platform as our established STEELite™ X30 brake drums, the ... 
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10/12/16Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2016 Fourth-Quarter and Full-Year Earnings Results
TROY, Mich., Oct. 12, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's fourth-quarter and full-year results for fiscal year 2016 on Wednesday, Nov. 16 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 ... 
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10/03/16Meritor Receives Wabash National's Platinum Supplier Award
TROY, Mich., Oct. 3, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) announced today that it has earned the prestigious 2016 Platinum Supplier Award from Wabash National Corp. for excellence in supply chain performance. Of 26 companies receiving Platinum Awards, Meritor placed in the top 10 percent of Wabash National's suppliers to achieve "blue status" for its 95 percent aggregate score representing product quality, delivery, total cost and service and support. "It's an honor to be recognize... 
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10/03/16Meritor Partners with Focus: HOPE to Develop Commercial Truck Driver Training Program
Twenty-Four Detroit Residents Begin Exciting New Careers TROY, Mich., Oct. 3, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) has contributed approximately $120,000 to Focus: HOPE to give Detroit residents a new beginning and support the trucking industry's need for qualified drivers through a commercial truck driver training program. "We're excited by the opportunities this partnership provides the students and the commercial trucking industry," said Jay Craig, Meritor CEO and president, w... 
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10/03/16Meritor Launches New Global Brand Identity as Company Focuses on Strategic Growth
"Run With The Bull" Brings Company's Iconic Bull to Life; Aligns With Multi-Year Growth Plan TROY, Mich., Oct. 3, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of its new brand identity "Run With The Bull," which reinforces the company's increased emphasis on sustainable growth. "As we begin our M2019 strategic business plan, our new brand identity celebrates Meritor's leadership in the commercial transportation industry, reinforces our focus on developing a hi... 
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09/17/16Meritor® Expands MFS™ Front Axle Series to Offer Deep-Drop Axle Option for Linehaul and Vocational Applications
TROY, Mich., Sept. 1, 2016 /PRNewswire/ -- Meritor® (NYSE: MTOR) today announced the expanded availability of its MFS™ Series lineup of front non-drive axles to include a deep-drop axle option that offers end-users greater flexibility in packaging their vehicles. "Our MFS Series already offers linehaul and vocational fleets a wide range of options, and the deep-drop feature represents an expansion that will help customers spec their vehicles," said Joe Muscedere, general manager, Front Drive... 
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09/17/16Meritor Employees Complete 3,970 Pushups to Raise Awareness of Issues Affecting Veterans through 22KILL Viral Challenge
Company also contributes $5,000 from Meritor Trust to 22KILL Movement to Assist Outreach and Aid to Veterans TROY, Mich., Aug. 29, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) announced today that employees at its World Headquarters completed 3,970 pushups as part of a worldwide viral pushup challenge to honor those who serve and raise awareness for veteran suicide prevention. In addition, the company contributed $5,000 from the Meritor Trust to provide outreach and resources for active-dut... 
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09/13/16Meritor Donates $5,000 to the American Red Cross for Louisiana Flood Relief Efforts
TROY, Mich., Sept. 13, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) announced it has donated $5,000 to the American Red Cross to help with relief efforts in Denham Springs, Louisiana, which was hard-hit by devastating flooding in August. The company made the contribution from the Meritor Trust Fund to help Denham Springs area residents recover from the flooding. An estimated 90 percent of homes and businesses were damaged in the southeast Louisiana town of 10,000 people. "We sincerely h... 
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09/06/16Meritor to Present at RBC Capital Markets 2016 Industrials Conference
TROY, Mich., Sept. 6, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) will participate in the RBC Capital Markets 2016 Industrials Conference on Wednesday, Sept. 7 in Las Vegas. Kevin Nowlan, senior vice president and chief financial officer for Meritor, will present at 1:55 p.m. PT. 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 presentation. About Meritor Meritor, Inc. is a leading... 
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09/01/16Meritor® Expands MFS™ Front Axle Series to Offer Deep-Drop Axle Option for Linehaul and Vocational Applications
TROY, Mich., Sept. 1, 2016 /PRNewswire/ -- Meritor® (NYSE: MTOR) today announced the expanded availability of its MFS™ Series lineup of front non-drive axles to include a deep-drop axle option that offers end-users greater flexibility in packaging their vehicles. "Our MFS Series already offers linehaul and vocational fleets a wide range of options, and the deep-drop feature represents an expansion that will help customers spec their vehicles," said Joe Muscedere, general manager, Front Drive... 
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08/29/16Meritor Employees Complete 3,970 Pushups to Raise Awareness of Issues Affecting Veterans through 22KILL Viral Challenge
Company also contributes $5,000 from Meritor Trust to 22KILL Movement to Assist Outreach and Aid to Veterans TROY, Mich., Aug. 29, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) announced today that employees at its World Headquarters completed 3,970 pushups as part of a worldwide viral pushup challenge to honor those who serve and raise awareness for veteran suicide prevention. In addition, the company contributed $5,000 from the Meritor Trust to provide outreach and resources for active-dut... 
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08/15/16Meritor Appoints April Miller Boise Senior Vice President, General Counsel and Corporate Secretary
TROY, Mich., Aug. 15, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) announced today that April Miller Boise has joined the company as senior vice president, general counsel and corporate secretary, effective immediately. "April's impressive background in corporate law will be a great asset to Meritor," said Jay Craig, CEO and president. "We are very happy she has decided to join us as the next step in her career." Boise has responsibility for the legal affairs of the entire corporation a... 
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08/11/16Meritor Directors Named to Savoy Magazine's List of Most Influential Black Corporate Leaders
TROY, Mich., Aug. 11, 2016 /PRNewswire/ -- Two members of the Meritor, Inc. (NYSE: MTOR) Board of Directors are among Savoy Magazine's 2016 Most Influential Black Corporate Directors. Meritor's Joseph Anderson, Jr. and Lloyd Trotter, along with 298 other directors serving on the boards of public companies, are profiled in the summer issue of Savoy, a leading business magazine reporting on African American success and achievement. The profiles appear in special coverage headlined "Power 300: 2... 
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08/09/16Meritor to Present at Jeffries 2016 Industrials Conference
TROY, Mich., Aug. 9, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) will participate in the Jefferies 2016 Industrials Conference on Wednesday, Aug. 10 in New York City. Kevin Nowlan, senior vice president and chief financial officer for Meritor, will present at 1:20 p.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 presentation. In addition, Nowlan's presentation will be posted to th... 
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08/03/16Meritor Reports Third-Quarter Fiscal Year 2016 Results
Generates Net Income Attributable to Meritor of $41 Million Achieves Adjusted EBITDA of $96 million and Adjusted EBITDA Margin of 11.4 Percent TROY, Mich., Aug. 3, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE:MTOR) today reported financial results for its third fiscal quarter ended June 30, 2016. Third-Quarter Highlights Sales of $841 million Net income attributable to Meritor of $41 million Diluted earnings per share from continuing operations of $0.46 Adjusted diluted earnings... 
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07/11/16Meritor Donates $20,000 to Train Service Dog for Disabled Veteran
TROY, Mich., July 11, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a new addition to its team – a 9-week-old German shepherd puppy named Bull, who will one day be a service dog for a disabled Michigan veteran. The Meritor Trust Fund has donated $20,000 to sponsor the dog's training. Named after Meritor's iconic logo, Bull will train with Guardian Angels Medical Service Dogs, Inc. to help his veteran meet the challenges associated with a wide range of physical and mental di... 
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07/08/16Meritor's Lindesberg, Sweden Facility Receives Industry Award for Assembly Line Transformation
TROY, Mich., July 8, 2016 /PRNewswire/ -- Meritor, Inc.'s (NYSE:MTOR) Lindesberg, Sweden facility has received the Swedish Assembly Award 2016 for advancing assembly technology with industry-leading solutions. The plant, which manufactures front and rear axles, began a transformation in 2012 by installing two new lines for front- and rear-axle assembly. In the final stage of the transformation, the plant in 2015 consolidated production for all families of bolted carriers into a single univer... 
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07/07/16Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2016 Third-Quarter Earnings Results
TROY, Mich., July 7, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's third-quarter results for fiscal year 2016 on Wednesday, Aug. 3 at 10 a.m. ET. To participate, call (503) 343-6062 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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05/20/16Hundreds of Meritor Employees Organize First-Ever Exercise Flash Mob to Support Komen Detroit Race for the Cure®
TROY, Mich., May 20, 2016 /PRNewswire/ -- Dressed in pink Meritor shirts and exercising to high-energy, upbeat music, more than 350 employees of Meritor, Inc. (NYSE:MTOR) created the company's first-ever exercise flash mob event. Overall, the company and its employees contributed approximately $15,000 for the Susan G. Komen Detroit Race for the Cure®. Led by five professional fitness instructors, employees participated in 30 minutes of low-impact, warm-up calisthenics outside the company's Tr... 
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05/04/16Meritor Reports Second-Quarter Fiscal Year 2016 Results
Achieves Adjusted EBITDA Margin of 9.9 Percent Generates Net Income from Continuing Operations Attributable to Meritor of $33 Million TROY, Mich., May 4, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its second fiscal quarter ended March 31, 2016. Second-Quarter Highlights Sales were $821 million, down $43 million, or approximately 5 percent, from the same period last year. Net income attributable to Meritor from continuing operations on a ... 
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04/21/16Ivor J. "Ike" Evans to Step Down as Executive Chairman of Meritor
William R. Newlin Appointed Non-Executive Chairman of the Board TROY, Mich., April 21, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that Ivor J. "Ike" Evans has informed the company that he intends to step down from his position as Executive Chairman of the Board, effective immediately. Evans will continue to serve as a director of the company. "My decision to step down reflects the successful planned transition to new leadership. It has been a privilege to serve Meritor... 
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04/12/16Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2016 Second-Quarter Earnings Results
TROY, Mich., April 12, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's second-quarter results for fiscal year 2016 on Wednesday, May 4 at 10 a.m. ET. To participate, call (503) 343-6062 at least 10 minutes prior to the start of the call. Please reference passcode 90728042 when registering. 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 th... 
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03/31/16Meritor Announces Five-Year Axle and Brake Agreement with Navistar
TROY, Mich., March 31, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a new five-year agreement with Navistar. Under the terms of the agreement, Meritor retains standard position for brakes and rear axles, as well as standard position for front axles in severe service, medium-duty and bus applications. "This new contract signifies our continued partnership with this important customer," said Chris Villavarayan, president, Americas for Meritor. "As we launch our M2019 strateg... 
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03/11/16Meritor Announces Redemption of 4.625% Convertible Senior Notes Due 2026
TROY, Mich., March 11, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has issued a notice of redemption for all of its outstanding $121,000 aggregate accreted principal amount of 4.625% convertible senior notes due 2026 (the "Notes"). The redemption date is April 15, 2016 ("Redemption Date") and the redemption price will be equal to 100% of the accreted principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any (including additional interest, ... 
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02/28/16Meritor® Extends AxlePak™ Trailer Wheel-End Warranty Coverage to Seven Years
NASHVILLE, Tenn., Feb. 28, 2016 /PRNewswire/ --  Meritor® (NYSE:MTOR) announced today at the Technology & Maintenance Council (TMC) 2016 Annual Meeting & Transportation Technology Exhibition that it is extending warranty coverage for its optional AxlePak7™ on-highway trailer wheel-ends to seven years. Beginning this spring, fleets can specify AxlePak7 wheel-ends on their Meritor axles and suspensions, and enjoy seven-year Meritor warranty coverage on these components: Hubs, bear... 
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02/28/16Meritor and Trucker Buddy International Connect Truckers with Schools
Pen Pal Program in York, South Carolina Promotes Importance of Trucking Industry YORK, S.C., Feb. 28, 2016 /PRNewswire/ -- Meritor's (NYSE: MTOR) long-term partnership with Trucker Buddy International has led to a pilot program that links truckers who deliver materials to its York plant with a local school to drive a better understanding of the industry and the people who haul goods and materials across the country. Meritor is working with Trucker Buddy International to test the ... 
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02/28/16Meritor® Announces 13X Drive Axle for Medium-Duty Class 6 and 7 Applications
NASHVILLE, Tenn., Feb. 28, 2016 /PRNewswire/ -- Meritor® (NYSE: MTOR) is introducing a lighter weight, more efficient carrier platform designed for Class 6 and 7 applications at the Technology & Maintenance Council (TMC) 2016 Annual Meeting & Transportation Technology Exhibition. It will be available for OEM production starting in the second quarter of this year. "With its power-dense design, the 13X is built to meet or exceed customer expectations for performance and durability," sai... 
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02/28/16Meritor® Introduces Lighter-Weight MFS+™ Meritor Steer Axle for Linehaul
TROY, Mich., Feb. 28, 2016 /PRNewswire/ -- Meritor® (NYSE: MTOR) announced at the Technology & Maintenance Council (TMC) 2016 Annual Meeting & Transportation Technology Exhibition the launch of a lighter-weight, front-steer axle with the recognized performance of the company's MFS™ series and that is easier to maintain. "With integrated components and an optimized design to reduce weight, the Meritor Front Steer axle™ (MFS+) represents the next step in the evolution of our front-stee... 
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02/26/16Meritor Employees Donate Thousands of Bottles of Safe Drinking Water to Flint, Michigan
Company's 'Flint Water Haul' Concludes Today with Delivery to Flint TROY, Mich., Feb. 26, 2016 /PRNewswire/ -- Meritor, Inc.'s (NYSE: MTOR) Troy-based employees organized a weeklong initiative to collect thousands of bottles of drinking water for Flint residents. The water was delivered to Flint on several Meritor semi-trucks today. Meritor's "Flint Water Haul" campaign generated more than 4,000 cases, each containing 24 16.9-ounce bottles of water. To make full use of Meritor trucks trav... 
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02/09/16Meritor, Alignment Express Team Up to Support Historic Remembrance Rescue 9/11 First-Responder Truck
TROY, Mich., Feb. 9, 2016 /PRNewswire/ --  Meritor, Inc. (NYSE:MTOR) of Troy, Michigan and Alignment Express of San Diego, California are donating their time and talent to the Remembrance Rescue Project to preserve a historic FDNY rescue truck that was a first responder to the World Trade Center attacks. Meritor built the driveline, axles and brakes in its Laurinburg, North Carolina facility which Alignment Express will install. This gift in kind is equivalent to more than $32,000 in time and ma... 
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02/03/16Meritor Reports First-Quarter Fiscal Year 2016 Results
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. First-Quarter Highlights 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... 
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02/02/16Meritor Names Ernie DeVincent Vice President, Engineering, Quality and Product Strategy
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... 
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01/26/16Meritor® Launches PlatinumShield® III Coating for New and Remanufactured Brake Shoes
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... 
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01/26/16Meritor Announces Extension of 'Shoes for Soldiers' to Help Injured Veterans Build a Successful Future
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... 
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01/26/16Meritor® Broadens Aftermarket Clutch Product Portfolio with New Line of Meritor AllFit Clutches
Supported by Unprecedented Standard Warranty Coverage and New Catalog Launch LAS VEGAS, Jan. 26, 2016 /PRNewswire/ -- Meritor® (NYSE: MTOR) announced today at Heavy Duty Aftermarket Week '16 (HDAW) that it is launching a new line of Meritor AllFit clutches for original equipment and warehouse distributor customers. The new all-makes clutch line includes both manual-adjust and self-adjusting models and covers heavy-duty, medium-duty, light-duty and off-road applications. "Following extensi... 
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01/26/16Meritor® Strengthens Service Point Program through Partnership with TruckDown
LAS VEGAS, Jan. 26, 2016 /PRNewswire/ -- Meritor® (NYSE: MTOR) announced today at Heavy Duty Aftermarket Week '16 (HDAW) that it has broadened the scope of the Meritor Service Point program to include a partnership with TruckDown® Info International, Inc. TruckDown is an efficient online system (TruckDown.com) fleets can use to locate qualified service centers in the United States and Canada. Fleets can also manage their service center contacts and rate vehicle repair services with TruckDown.... 
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01/26/16Meritor® Launches FastSet™ No-Ream King Pin Kit for Faster Front Axle Repairs
LAS VEGAS, Jan. 26, 2016 /PRNewswire/ -- Meritor® (NYSE: MTOR) announced today at Heavy Duty Aftermarket Week '16 (HDAW) that it launched the Meritor FastSet™ King Pin Kit to support market demand for a quicker solution to aftermarket king pin replacement. "This new king pin offering meets an industry need for an economical, but high-quality, no-ream kit that will significantly reduce repair time," said Pete Stow, senior manager, Steering and Suspension, Aftermarket for Meritor. "Customers wi... 
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01/14/16Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2016 First-Quarter Earnings Results
TROY, Mich., Jan. 14, 2016 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's first-quarter results for fiscal year 2016 on Wednesday, Feb. 3, at 11 a.m. ET. To participate, call (617) 399-5122 at least 10 minutes prior to the start of the call. Please reference passcode 72757950 when registering. 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 th... 
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