|Bid||23.88 x 900|
|Ask||23.88 x 1200|
|Day's Range||23.44 - 23.90|
|52 Week Range||15.01 - 25.78|
|Beta (3Y Monthly)||2.04|
|PE Ratio (TTM)||8.17|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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 ...
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 ...
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.
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 ...
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.
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).
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.
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 ...
"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.
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 ...
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.
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 ...
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 ...
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.
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 ...
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.
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.
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 ...
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.
NEW YORK, Feb. 20, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
TROY, Mich. , Feb. 14, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR ) today announced it has been selected to equip Mack Defense's new heavy-duty dump trucks for the United States Army with a comprehensive ...
TROY, Mich. , Jan. 29, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR ) today announced an expanded air disc brake aftermarket portfolio to include a new caliper and additional brake pad offerings. The ...
TROY, Mich., Jan. 29, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of ReadySet™ No-Ream King Pin Kits on MeritorPartsXpress.com (MPX) to help customers more easily find a king pin kit for major axle applications. "With this new launch supported by easier search functionality on MPX for king pins, we now offer a full portfolio covering multiple pin diameters and lengths for fleets requiring quick maintenance," said Joe Ghering, senior manager, steering and suspension for Meritor. ReadySet with pre-sized bushings is ideal for linehaul, vocational, city delivery and bus applications.
TROY, Mich., Jan. 29, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a planned expansion of its OEM suspension portfolio under its high-quality Euclid brand to include more than 1,450 parts covering multiple applications. "Our warehouses now stock a wide selection of high-quality suspensions from a trusted brand that are designed and engineered for multiple applications," said Tyler Bernens, senior product manager, Suspension for Meritor. The parts are backed by Meritor's standard, nationwide one-year parts warranty.
Multiplatform Launches Include Live Online Training, Regional Events, Spanish and French Language Online Lessons TROY, Mich. , Jan. 29, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced an ...