Published on 4 May 2022 on Zacks via Yahoo Finance
Meritor (MTOR) Q2 Earnings & Sales Top Estimates, Increase Y/Y
Meritor, Inc. MTOR posted adjusted earnings per share of 98 cents in second-quarter fiscal 2022, increasing 44.12% from 68 cents in the year-ago quarter. The metric marginally beat the Zacks Consensus Estimate of 96 cents. Adjusted income from continuing operations was $70 million in the reported quarter, increasing from $50 million recorded in the prior-year quarter.Sales grew 17.4% year over year to $1,154 million in the fiscal second quarter. The top line also beat the Zacks Consensus Estimate of $1,074.9 million.Adjusted EBITDA went up to $127 million from the year-earlier quarter’s $111 million. The upside stemmed from higher sales volumes, partially offset by higher steel and freight costs. Adjusted EBITDA margin decreased to 11% from 11.3%.
Meritor, Inc. Price, Consensus and EPS Surprise
