MTOR - Meritor, Inc.

NYSE - NYSE Delayed Price. Currency in USD
20.21
+0.68 (+3.48%)
At close: 4:02PM EDT
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Previous Close19.53
Open19.72
Bid20.21 x 800
Ask20.22 x 1100
Day's Range19.59 - 20.37
52 Week Range15.01 - 25.78
Volume692,866
Avg. Volume770,128
Market Cap1.669B
Beta (3Y Monthly)2.25
PE Ratio (TTM)6.34
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2008-11-20
1y Target EstN/A
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News
Press Releases
  • Meritor Announces Expanded Portfolio of Defense Solutions
    PR Newswire

    Meritor Announces Expanded Portfolio of Defense Solutions

    First Product Introduced Under New ProTec™ ISAS® Independent Suspension Line TROY, Mich. , Sept. 11, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR ) today announced an expansion of its ProTec™ product ...

  • Meritor® Announces New Assembly and Research and Development Facility in Mysore, India
    PR Newswire

    Meritor® Announces New Assembly and Research and Development Facility in Mysore, India

    TROY, Mich., Aug. 14, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the opening of a new $36.5 million axle assembly facility at Automotive Axles, its joint venture with Kalyani Group along with a state-of-the-art  research and development center in Mysore, India. "As our global business continues to grow, the new facilities in India will support Meritor's M2022 strategic plan to protect and grow our market-leading positions with best-in-class products and services," said Jay Craig, CEO and president for Meritor.

  • Meritor® Announces its First European Electrification Supply Project
    PR Newswire

    Meritor® Announces its First European Electrification Supply Project

    TROY, Mich., July 31, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced it will supply key drivetrain components from its Blue Horizon™ advanced technologies brand for an electric urban bus developed by Alstom. Meritor front- and rear-drive steer axles, air disc brakes and an innovative right angle gear box will integrate directly into the differential to deliver power to wheel-ends from Alstom's electric motor. "We developed a product solution in less than a year to support Alstom's continued drive to make European cities cleaner with cutting-edge electrification systems for a rapidly expanding market," said T.J. Reed, vice president Front Drivetrain and Electrification for Meritor.

  • Meritor® Announces Supply Agreement to Provide Schmitz Cargobull AG with Trailer Brakes
    PR Newswire

    Meritor® Announces Supply Agreement to Provide Schmitz Cargobull AG with Trailer Brakes

    TROY, Mich., July 31, 2019 /PRNewswire/ -- Meritor, Inc. (MTOR) today announced it will supply one of the industry's lightest air disc brakes to Schmitz Cargobull AG, a manufacturer of semitrailers, trailers and truck bodies, beginning in 2021. "Entering into an agreement with a highly respected OEM like Schmitz Cargobull reinforces our goal to diversify the business and positions Meritor for growth in Europe," said Tony Nicol, vice president, Truck, Europe. Schmitz Cargobull is the market-leading trailer manufacturer in Europe with more than 63,500 units (provisional figures based on the 2018-19 business year) produced in the last business year.

  • Meritor® Reports Third-Quarter Fiscal Year 2019 Results
    PR Newswire

    Meritor® Reports Third-Quarter Fiscal Year 2019 Results

    TROY, Mich. , July 31, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR ) today reported financial results for its third fiscal quarter ended June 30, 2019 . Third-Quarter Highlights Sales of $1,166 million ...

  • Meritor® Completes Acquisition of AxleTech
    PR Newswire

    Meritor® Completes Acquisition of AxleTech

    TROY, Mich., July 29, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has successfully completed its acquisition of AxleTech from global investment firm The Carlyle Group (CG). The previously announced transaction enhances Meritor's growth platform with the addition of a complementary product portfolio, including a full line of independent suspensions, axles, braking solutions and drivetrain components. AxleTech will operate within Meritor's Aftermarket, Industrial & Trailer segment.

  • Meritor Earns PACCAR's 10 PPM Quality Award
    PR Newswire

    Meritor Earns PACCAR's 10 PPM Quality Award

    TROY, Mich. , July 18, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR ) today announced four global plants have received a 2018 10 PPM Quality Award from PACCAR recognizing suppliers that meet or exceed ...

  • Meritor Announces Rescheduled Time for Fiscal Year 2019 Third-Quarter Results from 9 a.m. to 10 a.m. ET Wednesday, July 31
    PR Newswire

    Meritor Announces Rescheduled Time for Fiscal Year 2019 Third-Quarter Results from 9 a.m. to 10 a.m. ET Wednesday, July 31

    TROY, Mich. , July 16, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR ) today announced its conference call and webcast to discuss the company's third-quarter results for fiscal year 2019 will begin at ...

  • Maremont Corporation, a Meritor Inc. Non-Operating Subsidiary, Consummates Joint Pre-Packaged Chapter 11 Plan of Reorganization Establishing Asbestos Trust and Resolving All Current and Future Maremont-Related Asbestos Claims
    PR Newswire

    Maremont Corporation, a Meritor Inc. Non-Operating Subsidiary, Consummates Joint Pre-Packaged Chapter 11 Plan of Reorganization Establishing Asbestos Trust and Resolving All Current and Future Maremont-Related Asbestos Claims

    TROY, Mich., July 9, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that Maremont Corporation ("Maremont"), a non-operating subsidiary of Meritor, and Maremont's three wholly-owned, non-operating subsidiaries, Maremont Exhaust Products, Inc., AVM, Inc., and Former Ride Control Operating Company, Inc. (collectively with Maremont, the "Debtors") have consummated their Joint Pre-Packaged Plan of Reorganization (the "Plan"). The Plan was confirmed by the U.S. Bankruptcy Court for the District of Delaware on May 17, 2019 and approved by the District Court for the District of Delaware on June 27, 2019.

  • Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2019 Third-Quarter Results
    PR Newswire

    Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2019 Third-Quarter Results

    TROY, Mich. , July 8, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR ) will host a conference call and webcast to discuss the company's third-quarter results for fiscal year 2019 on Wednesday, July 31 ...

  • Meritor, Inc. Announces Conversion Option for 7.875% Convertible Senior Notes Due 2026
    PR Newswire

    Meritor, Inc. Announces Conversion Option for 7.875% Convertible Senior Notes Due 2026

    TROY, Mich., June 28, 2019 /PRNewswire/ -- Meritor, Inc. (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, 2019 and prior to the close of business on September 30, 2019 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 Notes are convertible because the closing price of shares of the company's common stock for at least 20 trading days during the 30 consecutive trading-day period ending on June 28, 2019 was greater than 120% of the conversion price in effect on June 28, 2019. The Notes surrendered for conversion will be settled in cash up to the principal amount at maturity of the Notes and cash, stock or a combination of cash and stock, at the company's election, for the remainder of the conversion value of the Notes in excess of the principal amount at maturity and cash in lieu of any fractional shares, subject to and in accordance with the provisions of the indenture.

  • Meritor Announces Redemption of 4.00% Convertible Senior Notes Due 2027
    PR Newswire

    Meritor Announces Redemption of 4.00% Convertible Senior Notes Due 2027

    TROY, Mich., May 8, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has issued a notice of redemption for all of its outstanding $5,569,000.00 aggregate accreted principal amount of 4.00% convertible senior notes due 2027 (the "Notes"). As a result of the issuance of the notice of redemption, the Notes are convertible at any time prior to the close of business on June 7, 2019 at a rate of 37.4111 shares of common stock per $1,000 original principal amount of the Notes (which is equivalent to a conversion price of approximately $26.73 per share).

  • PR Newswire

    Meritor to Acquire AxleTech, Enhancing Growth Platform in Off-Highway, Defense and Aftermarket Segments

    TROY, Mich., May 8, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with an affiliate of The Carlyle Group, a global investment firm, under which Meritor will acquire AxleTech for approximately $175 million in cash, adjusted for changes in working capital at closing and subject to regulatory approvals and customary closing conditions. The transaction advances Meritor's M2022 objectives to accelerate global sales and growth by leveraging the company's core competencies to grow strategically in adjacent markets. The addition of AxleTech enhances Meritor's growth platform, bringing a highly complementary global product portfolio across the off-highway, defense, specialty and aftermarket segments.

  • Meritor Reports Second-Quarter Fiscal Year 2019 Results
    PR Newswire

    Meritor Reports Second-Quarter Fiscal Year 2019 Results

    Revenue Up 8 Percent Year Over Year Net Income Attributable to the Company Increases 26 Percent Year Over Year TROY, Mich. , May 1, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE:  MTOR ) today reported financial ...

  • PR Newswire

    Meritor® Announces Contract to Supply All-Electric Drivetrain System for 38 Terminal Trucks at Port of Long Beach and Port of Oakland

    "This is one of the largest contracts ever awarded for battery electric terminal tractors and it further validates Meritor's position as a leader in electric drivetrains as we work toward the commercialization of battery-electric vehicles," said T.J. Reed, vice president, Front Drivetrain and Electrification for Meritor.

  • Meritor® Announces RS180 is Equipped on Rosenbauer Viper SA Fire Truck
    PR Newswire

    Meritor® Announces RS180 is Equipped on Rosenbauer Viper SA Fire Truck

    New Meritor 35,000-Pound Axle Showcased on Rosenbauer's Viper SA at FDIC INDIANAPOLIS and TROY, Mich. , April 15, 2019 /PRNewswire/ -- Rosenbauer America LLC and Meritor, Inc. (NYSE: MTOR ) today announced ...

  • Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2019 Second-Quarter Results
    PR Newswire

    Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2019 Second-Quarter Results

    TROY, Mich., April 9, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's second-quarter results for fiscal year 2019 on Wednesday, May 1 at 9 a.m. ET. To participate, call (844) 412-1003 (within the United States) or (216) 562-0450 (international) at least 10 minutes prior to the start of the call. Please reference conference ID 5324377 when registering.

  • Meritor® Launches Brake Solutions for Off-Highway Applications
    PR Newswire

    Meritor® Launches Brake Solutions for Off-Highway Applications

    TROY, Mich. , April 9, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE:   MTOR) today announced the launch of several new braking solutions for multiple off-highway applications, including a full line of wet ...

  • Meritor® Launches Full Line of Planetary Axles for Material Handling Applications at Bauma 2019
    PR Newswire

    Meritor® Launches Full Line of Planetary Axles for Material Handling Applications at Bauma 2019

    TROY, Mich. , April 9, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE:   MTOR) today announced it is launching a full line of material handling axles for forklifts from 5-ton to more than 36-ton capacity and ...

  • TransPower® and Meritor® Announce Successful Conclusion of Two Electric Vehicle Demonstration Projects
    PR Newswire

    TransPower® and Meritor® Announce Successful Conclusion of Two Electric Vehicle Demonstration Projects

    ESCONDIDO, Calif. and TROY, Mich., April 8, 2019 /PRNewswire/ -- TransPower, an advanced clean transportation technology company, and Meritor, Inc. (NYSE: MTOR), a leading manufacturer of axles and brake systems and investor in TransPower, announced today the completion of two multi-year projects for the development, testing and evaluation of advanced, zero-emission electric yard tractors and Class 8 trucks. The projects were supported with grants from the California Energy Commission under its Alternative and Renewable Fuels and Vehicle Technologies Program, which promotes new vehicle technologies that reduce petroleum consumption and production of harmful vehicle emissions. "The projects enabled through these grants met the goals of demonstrating the benefits of adapting electric propulsion technology to large vehicles and stimulating commercial adoption," said Mike Simon, founder and CEO, TransPower.

  • Meritor Hosts Hands-On STEM Experience for Girl Scouts® in Southeastern Michigan
    PR Newswire

    Meritor Hosts Hands-On STEM Experience for Girl Scouts® in Southeastern Michigan

    TROY, Mich. , April 8, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR ) gave the Girl Scouts ® of Southeastern Michigan a hands-on look at possible careers in STEM (science, technology, engineering and ...

  • Meritor® Announces Additional Investment in TransPower® to Advance Growth in Electric Commercial Vehicle Technologies
    PR Newswire

    Meritor® Announces Additional Investment in TransPower® to Advance Growth in Electric Commercial Vehicle Technologies

    TROY, Mich., April 2, 2019 /PRNewswire/ -- Meritor, Inc. (MTOR) today announced an additional strategic investment in TransPower, a leader in electrification technologies for large commercial vehicles, to support future growth. "This investment will allow us to advance the development of transformative electrification technologies for the commercial vehicle industry," said Jay Craig, chief executive officer and president, Meritor. Meritor's investment will fund continued improvements in the development of controls for its eAxle and commercialization of electric vehicle system solutions from both companies.

  • Meritor's Vice President of Quality Receives Role Model Award from Alternatives for Girls
    PR Newswire

    Meritor's Vice President of Quality Receives Role Model Award from Alternatives for Girls

    TROY, Mich., March 28, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) announced today that Linda Taliaferro, vice president, Global Quality, was recognized with a Role Model Award by Alternatives for Girls for helping girls and young women prepare for and advance their careers in science, technology, engineering and mathematics (STEM). "Women are underrepresented in STEM careers," the Royal Oak resident said. The Role Model Award is the premier annual fundraising event for Alternatives for Girls.

  • Meritor's Troy Employees Raise $1 Million for Metro Detroit Charities
    PR Newswire

    Meritor's Troy Employees Raise $1 Million for Metro Detroit Charities

    TROY, Mich. , March 15, 2019 /PRNewswire/ -- Employees at Meritor, Inc. (NYSE: MTOR ) world headquarters are opening their wallets and their hearts during jeans days fundraising events to support nonprofit ...

  • Meritor Announces Appointment of Carl Anderson as Senior Vice President and Chief Financial Officer
    PR Newswire

    Meritor Announces Appointment of Carl Anderson as Senior Vice President and Chief Financial Officer

    TROY, Mich., March 13, 2019 /PRNewswire/ -- Meritor, Inc. (MTOR) today announced that Carl Anderson, group vice president, Finance, has been appointed senior vice president and chief financial officer, effective immediately. Anderson's appointment follows Kevin Nowlan's decision to resign from his role as senior vice president and president, Trailer and Components and chief financial officer to accept a chief financial officer position with another company to be announced in the near future. Joe Plomin is appointed senior vice president and president, Aftermarket & Industrial and Trailer, and will assume expanded responsibility for the Trailer and Components businesses.