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
HQ
Troy, US
Founded
1909
Size (employees)
8,000 (est)-4%
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
USD

Revenue (Q2, 2017)

806 m

Gross profit (Q2, 2017)

1.5 b

Gross profit margin (Q2, 2017), %

185%

Net income (Q2, 2017)

23 m

EBIT (Q2, 2017)

49 m

Market capitalization (21-Jul-2017)

1.6 b

Cash (31-Mar-2017)

138 m
Meritor's current market capitalization is $1.6 b.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3.7 b3.8 b3.5 b3.2 b

Revenue growth, %

3%(7%)(9%)

Cost of goods sold

4.1 b3.9 b3.3 b3.3 b3 b2.8 b

Gross profit

395 m487 m462 m436 m

Gross profit Margin, %

11%13%13%14%

General and administrative expense

(213 m)

Operating expense total

(213 m)

EBIT

128 m204 m

EBIT margin, %

4%6%

Interest expense

105 m84 m

Pre tax profit

67 m155 m

Income tax expense

(1 m)

Net Income

65 m575 m
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Revenue

879 m864 m909 m809 m821 m841 m699 m806 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 b1.6 b1.7 b1.5 b1.5 b1.6 b1.3 b1.5 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 m55 m51 m47 m56 m62 m33 m49 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 m45 m22 m36 m40 m51 m22 m36 m

Income tax expense

(7 m)(6 m)(6 m)(7 m)(7 m)(8 m)(6 m)(13 m)

Net Income

234 m30 m43 m14 m27 m32 m42 m16 m23 m
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

343 m217 m257 m318 m247 m193 m160 m

Inventories

414 m379 m338 m316 m

Current Assets

1.4 b1.3 b1 b905 m

Goodwill

434 m431 m402 m390 m

Total Assets

2.6 b2.5 b2.2 b2.5 b

Current Liabilities

1 b1 b868 m757 m

Common Stock

97 m97 m99 m99 m

Additional Paid-in Capital

914 m918 m865 m876 m

Retained Earnings

(1.1 b)(878 m)(814 m)(241 m)
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Cash

303 m214 m207 m345 m128 m94 m129 m125 m138 m

Inventories

441 m379 m365 m365 m367 m362 m335 m334 m338 m

Current Assets

1.4 b1.2 b1.2 b1.3 b906 m935 m939 m831 m960 m

Goodwill

439 m423 m414 m420 m399 m399 m392 m383 m385 m

Total Assets

2.8 b2.3 b2.3 b2.5 b2.1 b2.1 b2.1 b2.4 b2.5 b

Current Liabilities

1.1 b894 m904 m932 m788 m789 m784 m677 m905 m

Common Stock

97 m98 m99 m99 m99 m99 m99 m101 m101 m

Additional Paid-in Capital

919 m919 m920 m876 m868 m871 m873 m877 m870 m

Retained Earnings

(881 m)(849 m)(806 m)(793 m)(788 m)(756 m)(715 m)(226 m)(204 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

65 m575 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
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Net Income

234 m30 m43 m14 m27 m32 m42 m16 m23 m

Inventories

365 m367 m362 m335 m334 m338 m
USDY, 2017

Revenue/Employee

100.8 k

Meritor Market Value History

Meritor Median Salaries

Source: 31 public H-1B filings from Meritor

Meritor Online and Social Media Presence

Meritor Company Life and Culture

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