MTOR - Meritor, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
23.66
+0.33 (+1.41%)
At close: 4:02PM EDT
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Previous Close23.33
Open23.42
Bid23.88 x 900
Ask23.88 x 1200
Day's Range23.44 - 23.90
52 Week Range15.01 - 25.78
Volume582,903
Avg. Volume803,676
Market Cap1.975B
Beta (3Y Monthly)2.04
PE Ratio (TTM)8.17
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 Earns PACCAR's 10 PPM Quality Award
    PR Newswire3 days ago

    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 Newswire5 days ago

    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 Newswire12 days ago

    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 Newswire13 days ago

    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 Newswire23 days ago

    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 Newswire2 months ago

    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 Newswire2 months ago

    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 Newswire3 months ago

    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 Newswire3 months ago

    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 Newswire3 months ago

    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 Newswire3 months ago

    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 Full Line of Planetary Axles for Material Handling Applications at Bauma 2019
    PR Newswire3 months ago

    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 ...

  • Meritor® Launches Brake Solutions for Off-Highway Applications
    PR Newswire3 months ago

    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 ...

  • TransPower® and Meritor® Announce Successful Conclusion of Two Electric Vehicle Demonstration Projects
    PR Newswire3 months ago

    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 Newswire3 months ago

    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 Newswire4 months ago

    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 Newswire4 months ago

    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 Newswire4 months ago

    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 Newswire4 months ago

    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.

  • GlobeNewswire5 months ago

    Analysis: Positioning to Benefit within Applied Materials, MRC Global, Meritor, Celldex Therapeutics, Quaker Chemical, and Cubic — Research Highlights Growth, Revenue, and Consolidated Results

    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,.

  • Meritor® Announces Complete Drivetrain Solution for Mack Defense's M917A3 Heavy Dump Truck for U.S. Army
    PR Newswire5 months ago

    Meritor® Announces Complete Drivetrain Solution for Mack Defense's M917A3 Heavy Dump Truck for U.S. Army

    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 ...

  • Meritor® Announces Remanufactured ADB22x Caliper and New Brake Pads for Aftermarket
    PR Newswire6 months ago

    Meritor® Announces Remanufactured ADB22x Caliper and New Brake Pads for Aftermarket

    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 ...

  • Meritor® Announces Launch of ReadySet™ King Pin Kits
    PR Newswire6 months ago

    Meritor® Announces Launch of ReadySet™ King Pin Kits

    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.

  • Meritor® Announces Expansion of OEM Suspension Portfolio for Aftermarket Customers
    PR Newswire6 months ago

    Meritor® Announces Expansion of OEM Suspension Portfolio for Aftermarket Customers

    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.

  • Meritor® Expands Aftermarket Training Options for Customers
    PR Newswire6 months ago

    Meritor® Expands Aftermarket Training Options for Customers

    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 ...