Meritor

Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of more than 9,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 18 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR.

Type

Public

Troy, US

Founded

1909

Size (employees)

8,000 (est)-4%

Website

meritor.com

Meritor was founded in 1909 and is headquartered in Troy, US

Meritor Office Locations

Meritor has an office in Troy

Troy, US (HQ)

2135 W Maple Rd

Meritor Data and Metrics

Meritor Financial Metrics

Meritor's revenue was reported to be $806 m in Q2, 2017

Summary

USD

Meritor's current market capitalization is $1.6 b.

Income Statement

Annual

USD	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue			3.7 b	3.8 b	3.5 b	3.2 b
Revenue growth, %				3%	(7%)	(9%)
Cost of goods sold	4.1 b	3.9 b	3.3 b	3.3 b	3 b	2.8 b
Gross profit			395 m	487 m	462 m	436 m
Gross profit Margin, %			11%	13%	13%	14%
General and administrative expense						(213 m)
Operating expense total						(213 m)
EBIT					128 m	204 m
EBIT margin, %					4%	6%
Interest expense					105 m	84 m
Pre tax profit					67 m	155 m
Income tax expense					(1 m)
Net Income					65 m	575 m

Quarterly

USD	Q3, 2014	Q1, 2014	Q2, 2015	Q3, 2015	Q1, 2015	Q2, 2016	Q3, 2016	Q1, 2016	Q2, 2017
Revenue		879 m	864 m	909 m	809 m	821 m	841 m	699 m	806 m
Cost of goods sold		(764 m)	(749 m)	(785 m)	(705 m)	(700 m)	(714 m)	(610 m)	(685 m)
Gross profit		1.6 b	1.6 b	1.7 b	1.5 b	1.5 b	1.6 b	1.3 b	1.5 b
Gross profit Margin, %		187%	187%	186%	187%	185%	185%	187%	185%
General and administrative expense		(65 m)	(57 m)	(65 m)	(56 m)	(60 m)	(59 m)	(53 m)	(66 m)
Operating expense total		(65 m)	(57 m)	(65 m)	(56 m)	(60 m)	(59 m)	(53 m)	(66 m)
EBIT		48 m	55 m	51 m	47 m	56 m	62 m	33 m	49 m
EBIT margin, %		5%	6%	6%	6%	7%	7%	5%	6%
Interest expense		(19 m)	(21 m)	(38 m)	(22 m)	(21 m)	(20 m)	(21 m)	(21 m)
Pre tax profit		40 m	45 m	22 m	36 m	40 m	51 m	22 m	36 m
Income tax expense		(7 m)	(6 m)	(6 m)	(7 m)	(7 m)	(8 m)	(6 m)	(13 m)
Net Income	234 m	30 m	43 m	14 m	27 m	32 m	42 m	16 m	23 m

Balance Sheet

Annual

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	343 m	217 m	257 m	318 m	247 m	193 m	160 m
Inventories				414 m	379 m	338 m	316 m
Current Assets				1.4 b	1.3 b	1 b	905 m
Goodwill				434 m	431 m	402 m	390 m
Total Assets				2.6 b	2.5 b	2.2 b	2.5 b
Current Liabilities				1 b	1 b	868 m	757 m
Common Stock				97 m	97 m	99 m	99 m
Additional Paid-in Capital				914 m	918 m	865 m	876 m
Retained Earnings				(1.1 b)	(878 m)	(814 m)	(241 m)

Quarterly

USD	Q3, 2014	Q1, 2014	Q2, 2015	Q3, 2015	Q1, 2015	Q2, 2016	Q3, 2016	Q1, 2016	Q2, 2017
Cash	303 m	214 m	207 m	345 m	128 m	94 m	129 m	125 m	138 m
Inventories	441 m	379 m	365 m	365 m	367 m	362 m	335 m	334 m	338 m
Current Assets	1.4 b	1.2 b	1.2 b	1.3 b	906 m	935 m	939 m	831 m	960 m
Goodwill	439 m	423 m	414 m	420 m	399 m	399 m	392 m	383 m	385 m
Total Assets	2.8 b	2.3 b	2.3 b	2.5 b	2.1 b	2.1 b	2.1 b	2.4 b	2.5 b
Current Liabilities	1.1 b	894 m	904 m	932 m	788 m	789 m	784 m	677 m	905 m
Common Stock	97 m	98 m	99 m	99 m	99 m	99 m	99 m	101 m	101 m
Additional Paid-in Capital	919 m	919 m	920 m	876 m	868 m	871 m	873 m	877 m	870 m
Retained Earnings	(881 m)	(849 m)	(806 m)	(793 m)	(788 m)	(756 m)	(715 m)	(226 m)	(204 m)

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income			65 m	575 m
Cash From Operating Activities				204 m
Capital Expenditures	(54 m)	(77 m)	(79 m)	(93 m)
Cash From Financing Activities	24 m
Free Cash Flow				111 m

Quarterly

USD	Q3, 2014	Q1, 2014	Q2, 2015	Q3, 2015	Q1, 2015	Q2, 2016	Q3, 2016	Q1, 2016	Q2, 2017
Net Income	234 m	30 m	43 m	14 m	27 m	32 m	42 m	16 m	23 m
Inventories				365 m	367 m	362 m	335 m	334 m	338 m

Ratios

USD	Y, 2017
Revenue/Employee	100.8 k

Meritor Market Value History

Meritor Median Salaries

Source: 31 public H-1B filings from Meritor

Market Position of Meritor

Competitors

Meritor

Meritor Office Locations

Meritor Data and Metrics

Meritor Financial Metrics

Summary

Revenue (Q2, 2017)

Gross profit (Q2, 2017)

Gross profit margin (Q2, 2017), %

Net income (Q2, 2017)

EBIT (Q2, 2017)

Market capitalization (21-Jul-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Inventories

Current Assets

Goodwill

Total Assets

Current Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Cash

Inventories

Current Assets

Goodwill

Total Assets

Current Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Cash Flow

Net Income

Cash From Operating Activities

Capital Expenditures

Cash From Financing Activities

Free Cash Flow

Net Income

Inventories

Ratios

Revenue/Employee

Meritor Market Value History

Meritor Median Salaries

Market Position of Meritor

Competitors

Meritor Online and Social Media Presence

Meritor Company Life and Culture

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