Company Overview and News
* MERITOR INC - ANNOUNCED REALIGNMENT OF ITS OPERATING SEGMENTS; SAYS ASSIGNING NEW RESPONSIBILITIES Source text for Eikon: Further company coverage:
Meritor, Inc. (MTOR - Free Report) recently launched the North America Authorized Rebuilder Program for drive axle carriers. This includes the company’s products such as 160, 14X and 145. The move enables four Canadian companies — The Gear Centre, Capital Gear, Powertrain and Coast Powertrain, Ltd., to supply wholesale dealers and distributors across Canada with Meritor carriers. Meritor’s partnership with rebuilders will help to ensure the company’s commitment to optimize fleets uptime with coast-to-coast, guaranteed delivery of highly reliable, rebuilt carriers. (137-0)
The auto industry has been enjoying very strong sales trends lately, but further upside from the lofty levels of 2017 appears hard to come by. The industry is also faced with the challenge of profitably manufacturing electric vehicles. (25-0)
It has been more than a month since the last earnings report for Meritor, Inc. (MTOR - Free Report) . Shares have lost about 5.6% in that time frame, underperforming the market. (5-0)
Meritor, Inc. (MTOR - Free Report) unveiled the initial set of products from its newly launched Mach value brand. The brand includes roughly 2,000 part numbers that will cater to the company’s driveline, drive axle and transmission products. Per management, these initial products come first in the wide range of reasonably priced all-makes parts designed according to industry standards to suitably serve the purpose of end-users without compromising on the products’ quality. (18-0)
Meritor, Inc. (MTOR - Free Report) has announced its investment in California-based electrification technologies company TransPower. Given the widespread knowledge and experience of TransPower in electric vehicles (EVs) technologies and system integration, it is expected that this investment will provide a competitive edge to Meritor in developing electrical drive systems. The investment is in sync with the Troy, MI-based global automotive parts manufacturer and supplier’s aim to deliver efficient solutions for medium and heavy-duty EVs, backed by appropriate solutions. (36-0)
LONDON, UK / ACCESSWIRE / December 06, 2017 / Active-Investors issued a free report on WABCO Holdings (NYSE: WBC), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=WBC as the Company's latest news hit the wire. On December 04, 2017, the Company declared that it has acquired the remaining 51% interest of its South African partnership with Sturrock and Robson Industries, Pty Ltd ("Sturrock and Robson").
Glenview Capital Management’s 13F portfolio value increased from $15.41B to $17.23B this quarter. The number of positions increased from 52 to 56. (765-8)
Last week saw quite a few auto companies reporting their quarterly numbers. While Magna International Inc. (MGA - Free Report) , Advance Auto Parts Inc. (AAP - Free Report) , Westport Fuel Systems Inc. (WPRT - Free Report) and Meritor, Inc. (MTOR - Free Report) delivered an earnings beat, Superior Industries International Inc. (SUP - Free Report) came up with lower-than-expected earnings numbers. Per a Reuters report, General Motors Co. (11-0)
Meritor, Inc. (MTOR - Free Report) recorded a year-over-year increase of 82.3% in adjusted earnings of 62 cents per share in the fiscal fourth quarter of 2017 (ended Sep 30, 2017), comfortably surpassing the Zacks Consensus Estimate of 47 cents. Adjusted income from continuing operations was $56 million compared with $30 million in the fiscal fourth quarter of 2016. Revenues increased 26.7% year over year to $922 million. (26-0)
We are in the midst of a full-blown earnings season. Out of the 327 members from the S&P 500 index that have reported already, 74.9% beat on bottom line and 65.7% surpassed revenue estimates, per the Earnings Trends issued on Nov 1, 2017. Ongoing positive revenue momentum and favorable revisions in estimates for the current period are most notable factors. (65-0)
Good day, ladies and gentlemen, and welcome to the Q4 2017 Meritor, Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will be given at that time. As a reminder, today's conference is being recorded. (1-0)
Automotive Axles shares touched a record high of Rs 1,047, rising more than 9 percent intraday Wednesday after solid earnings growth performance for quarter ended September 2017.
Investors are always looking for stocks that are poised to beat at earnings season and Meritor, Inc. (MTOR - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton