Edition:
United States

Meritor Inc (MTOR.N)

MTOR.N on New York Stock Exchange

16.53USD
24 Mar 2017
Change (% chg)

$-0.11 (-0.66%)
Prev Close
$16.64
Open
$16.69
Day's High
$16.78
Day's Low
$16.40
Volume
217,682
Avg. Vol
302,933
52-wk High
$17.11
52-wk Low
$6.30

Latest Key Developments (Source: Significant Developments)

Meritor's Swedish unit entered into a receivables purchase agreement dated
Friday, 24 Mar 2017 08:34am EDT 

Meritor Inc : On march 22, Co's Swedish unit entered into a receivables purchase agreement dated as of March 22 . Meritor-Under new receivables purchase agreement, seller is able to sell to nordea up to 155 million euro of eligible receivables outstanding at any time . Agreement with an affiliate of Nordea Bank AB as purchaser .New receivables purchase agreement is for three-year term, & expires on March 22, 2020.  Full Article

Meritor reports Q4 adj EPS $0.34 from continuing operations
Wednesday, 16 Nov 2016 08:00am EST 

Meritor Inc : Meritor expect "challenging end markets" for fiscal year 2017 . FY2017 earnings per share view $1.52, revenue view $3.13 billion -- Thomson Reuters I/B/E/S . Q4 earnings per share view $0.28, revenue view $748.0 million -- Thomson Reuters I/B/E/S . Q4 earnings per share $5.10 from continuing operations . Sees FY 2017 adjusted earnings per share $1.25 to $1.40 from continuing operations . Sees FY 2017 revenue $3.0 billion to $3.1 billion . Meritor reports fourth-quarter and fiscal year 2016 results . Q4 adjusted earnings per share $0.34 from continuing operations . Q4 sales fell 15 percent to $728 million .Sees FY 2017 earnings per share $0.90 to $0.95.  Full Article

Meritor Q3 adjusted earnings per share $0.57 from continuing operations
Wednesday, 3 Aug 2016 08:00am EDT 

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 09:37am EDT 

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 08:00am EDT 

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

Meritor, Inc says Evans to step down as Executive Chairman
Thursday, 21 Apr 2016 04:30pm EDT 

Meritor, Inc:Says 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.  Full Article

Meritor revises FY 2016 guidance
Wednesday, 3 Feb 2016 08:01am EST 

Meritor:Says Revising guidance for FY 2016.Sees FY 2016 revenue to be approximately $3.4 billion as compared to the prior outlook in the range of $3.4 billion to $3.5 billion.Sees FY 2016 Adjusted EBITDA margin is unchanged from the prior expectation of 10.0 percent.Sees FY 2016 Adjusted diluted earnings per share from continuing operations to be in the range of $1.65 to $1.75 compared to the prior outlook of $1.70 to $1.80.Sees FY 2016 Free cash flow to be approximately $110 million as compared to $115 million in the prior outlook.  Full Article

Meritor purchases assets of Sypris Facility in Morganton, North Carolina
Friday, 10 Jul 2015 09:00am EDT 

Meritor:Purchases assets of sypris facility in Morganton, North Carolina.Says purchased the majority of the assets at the sypris solutions, inc. manufacturing facility in Morganton.Facility currently manufactures trailer axle beams, machines carriers and differentials for Meritor and light vehicle components.  Full Article

Meritor Inc prices $225 million of senior unsecured notes
Monday, 8 Jun 2015 05:53pm EDT 

Meritor Inc:Says notes will be issued at a public offering price of 100% of the aggregate principal amount thereof plus accrued interest.Offering is expected to close on June 11.BofA Merrill Lynch, J.P. Morgan, Citigroup, RBC Capital Markets, Lloyds Securities and BNP PARIBAS are acting as joint book-running managers for the offering.Expects to use the net proceeds from the offering to fund the purchase of an annuity to satisfy its obligations under a German pension plan for its employees.  Full Article

Meritor Inc named Doleco USA master distributor
Thursday, 30 Apr 2015 04:30pm EDT 

Meritor Inc:Says master distribution agreement with Doleco USA, Inc. to sell Doleco's cargo restraint products for flatbeds and van trailers to North America warehouse distributors and original equipment dealers, effective immediately.Says Doleco products will be available through Meritor's distribution centers in Florence, Kentucky and in Edmonton, Alberta and Brampton, Ontario, Canada.  Full Article

More From Around the Web

BRIEF-Meritor's Swedish unit entered into a receivables purchase agreement dated

* On march 22, Co's Swedish unit entered into a receivables purchase agreement dated as of March 22