OverviewSuggest Edit

Meritor is a global supplier of drivetrain, mobility, braking, and aftermarket solutions for commercial vehicle and industrial markets. The company's principal products are axles, suspension systems, drivelines, and brakes. It serves commercial truck, trailer, military, bus and coach, construction, and other industrial OEMs and certain aftermarkets.

TypePublic
Founded1909
HQTroy, MI, US
Websitemeritor.com
Employee Ratings3.7
Overall CultureC-

Latest Updates

Employees (est.) (Sept 2019)9,100(+6%)
Job Openings85
Revenue (FY, 2019)$4.4 B(+6%)
Share Price (Jun 2021)$25.8
Cybersecurity ratingBMore

Key People/Management at Meritor

Carl Anderson

Carl Anderson

Senior Vice President and Chief Financial Officer
Timothy Bowes

Timothy Bowes

Senior Vice President and President, Industrial and North America Aftermarket, and Electrification
Ken Hogan

Ken Hogan

Senior Vice President and President, Truck, Europe and Asia Pacific
Hannah Lim-Johnson

Hannah Lim-Johnson

Senior Vice President, Chief Legal Officer and Corporate Secretary
Jan A. Bertsch

Jan A. Bertsch

Director
Steven Beringhause

Steven Beringhause

Director
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Meritor Office Locations

Meritor has offices in Troy, Chicago, Fletcher, Florence and in 36 other locations
Troy, MI, US (HQ)
2135 W Maple Rd
Chicago, IL, US
1020 W 119th St
Fletcher, NC, US
1000 Rockwell Dr
Florence, KY, US
7975 Dixie Hwy
Forest City, NC, US
160 Ash Street
Frankfort, KY, US
88 Steadmantown Ln
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Meritor Financials and Metrics

Meritor Revenue

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Meritor's revenue was reported to be $4.39 b in FY, 2019 which is a 5% increase from the previous period.
USD

Revenue (Q2, 2020)

871.0m

Gross profit (Q2, 2020)

114.0m

Gross profit margin (Q2, 2020), %

13.1%

Net income (Q2, 2020)

242.0m

EBIT (Q2, 2020)

310.0m

Market capitalization (11-Jun-2021)

1.9b

Closing stock price (11-Jun-2021)

25.8

Cash (31-Mar-2020)

508.0m

EV

2.7b
Meritor's current market capitalization is $1.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

3.3b4.2b4.4b

Revenue growth, %

25%5%

Cost of goods sold

2.9b3.5b3.7b

Gross profit

484.0m654.0m640.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

699.0m806.0m920.0m903.0m1.1b1.1b1.0b1.2b1.2b901.0m871.0m

Cost of goods sold

610.0m685.0m778.0m763.0m888.0m952.0m897.0m982.0m987.0m774.0m757.0m

Gross profit

89.0m121.0m142.0m140.0m178.0m177.0m141.0m174.0m179.0m127.0m114.0m

Gross profit Margin, %

13%15%15%16%17%16%14%15%15%14%13%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

88.0m115.0m108.0m

Accounts Receivable

789.0m588.0m551.0m

Inventories

378.0m477.0m526.0m

Current Assets

1.3b1.2b1.2b
Annual
USDFY, 2017FY, 2019

Cash From Operating Activities

176.0m256.0m

Capital Expenditures

(95.0m)(103.0m)

Cash From Investing Activities

(127.0m)(271.0m)

Short-term Borrowings

89.0m(38.0m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

41.0m283.0m

Depreciation and Amortization

24.0m50.0m

Cash From Operating Activities

(14.0m)30.0m136.0m33.0m72.0m191.0m11.0m51.0m194.0m(19.0m)290.0m

Capital Expenditures

(17.0m)(40.0m)(52.0m)(18.0m)(35.0m)(52.0m)(23.0m)(44.0m)(63.0m)(16.0m)(33.0m)
USDQ1, 2017

Debt/Equity

-5.4 x

Debt/Assets

0.4 x

Financial Leverage

-12.9 x
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Meritor Operating Metrics

FY, 2017FY, 2018FY, 2019

New Products

866

Programs Launched

21

Facilities

515054

Facility Space, sq. ft.

9.27 m9.29 m11.1 m
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Meritor Acquisitions / Subsidiaries

Company NameDateDeal Size
AxleTech International Holding CoMay 08, 2019$175 m
AA Gear & Manufacturing Inc.April 30, 2018
TrucktechnicJuly 07, 2008
Mascot Truck PartsDecember 14, 2007
Arvin Canada Holding Limited
Arvin Environmental Management
Arvin European Holdings (UK) Limited
Arvin European Holdings (UK) Limited French Branch
Arvin Finance
Arvin Holdings Netherlands B.V.
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Meritor Revenue Breakdown

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Meritor revenue breakdown by business segment: 71.2% from Commercial Truck and 28.8% from Aftermarket, Industrial and Trailer

Meritor revenue breakdown by geographic segment: 59.8% from U.S., 5.7% from Mexico, 6.3% from Sweden, 5.3% from Italy, 5.7% from Brazil and 17.3% from Other

Meritor Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Meritor Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Meritor Online and Social Media Presence

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Meritor Company Culture

  • Overall Culture

    C-

    66/100

  • CEO Rating

    C-

    68/100

  • Compensation

    B-

    74/100

Learn more on Comparably

Meritor News and Updates

Meritor Reports Second-Quarter Fiscal Year 2021 Results

TROY, Mich., May 4, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its second fiscal quarter that ended March 31, 2021. Second-Quarter Highlights Sales of $983 million Net income attributable to Meritor and net income from continuing operations...

Meritor Selected by Hexagon Purus to Supply Electric Powertrains

TROY, Mich., May 4, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced it will be collaborating with Hexagon Purus, a global leader in zero emission e-mobility. The companies will work together to integrate Meritor's Blue Horizon™ 14Xe™ integrated ePowertrain into Hexagon...

Meritor Launches Xact Search Tool for Trailer Axle Components

TROY, Mich., April 30, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of its new tool on MeritorPartsXpress.com that makes it simple to identify the correct components for trailer axles and wheel ends. The Trailer Axle Components Selector Tool identifies the...

Meritor Consortium Awarded £15.9 Million toward £31.9 Million Project to Develop United Kingdom's Low Carbon Capability

TROY, Mich., March 26, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it is the recipient of the Advanced Propulsion Centre's (APC) Core Competition Program in the UK to partially fund the design and development of Meritor's 17Xe™ electric powertrain system for...

Meritor Reports First-Quarter Fiscal Year 2021 Results

TROY, Mich., Feb. 3, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter that ended Dec. 31, 2020. First-Quarter Highlights Sales of $889 million Net income attributable to Meritor and net income from continuing operations...

Meritor to Begin Commercial Electric Powertrain Production in 2021

TROY, Mich., Feb. 3, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that production of its 14Xe™ all-electric, fully integrated, commercial electric powertrain for medium- and heavy-duty commercial vehicles will begin mid-2021. Meritor received the first Class 8 truck...
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Meritor Frequently Asked Questions

  • When was Meritor founded?

    Meritor was founded in 1909.

  • Who are Meritor key executives?

    Meritor's key executives are Carl Anderson, Timothy Bowes and Ken Hogan.

  • How many employees does Meritor have?

    Meritor has 9,100 employees.

  • What is Meritor revenue?

    Latest Meritor annual revenue is $4.4 b.

  • What is Meritor revenue per employee?

    Latest Meritor revenue per employee is $482.2 k.

  • Who are Meritor competitors?

    Competitors of Meritor include ZYNP, SAF-HOLLAND and Hendrickson.

  • Where is Meritor headquarters?

    Meritor headquarters is located at 2135 W Maple Rd, Troy.

  • Where are Meritor offices?

    Meritor has offices in Troy, Chicago, Fletcher, Florence and in 36 other locations.

  • How many offices does Meritor have?

    Meritor has 40 offices.