OverviewSuggest Edit
Meritor is a supplier of drivetrain, mobility, braking, and aftermarket solutions for commercial vehicle and industrial markets. The company provides axles, suspension systems, drivelines, and brakes. It serves commercial trucks, trailers, military, bus and coach, construction, and other industrial OEMs and certain aftermarkets.
| Type | Public | |
| Founded | 1909 | |
| HQ | Troy, MI, US | Map |
| Website | meritor.com | |
| Employee Ratings | More | |
| Overall Culture | C- | More |
Recent NewsAll News
- : Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion
- Cummins Buying Meritor In $3.7 Billion Deal, Accelerating Auto Supplier Consolidation
- Meritor agrees to buyout bid at a 48% premium, that implies a $2.6 billion market cap
- Meritor Reports First-Quarter Fiscal Year 2022 Results
Key People/Management at Meritor
Chris Villavarayan
Chief Executive Officer and President, Director
Carl Anderson
Senior Vice President and Chief Financial Officer
Timothy Bowes
Senior Vice President and President,
Electrification, Industrial and North America Aftermarket
John Bennett
Vice President and Chief Technology Officer
Ken Hogan
Senior Vice President and President, Truck, Europe and Asia Pacific
John Nelligan
Senior Vice President and President, Truck, Americas
Meritor Office Locations
Meritor has offices in Troy, Chicago, Escondido, Fletcher and in 33 other locations
Troy, MI, US (HQ)
2135 W Maple Rd
Chicago, IL, US
1020 W 119th St
Escondido, CA, US
2057 Aldergrove Ave
Escondido, CA, US
2415 Auto Park Way
Fletcher, NC, US
1000 Rockwell Dr
Florence, KY, US
7975 Dixie Hwy
Meritor Financials and Metrics
Meritor Revenue
Meritor's revenue was reported to be $3.83 b in FY, 2021 which is a 25.9% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2022) | 984.0m |
Gross profit (Q1, 2022) | 127.0m |
Gross profit margin (Q1, 2022), % | 12.9% |
Net income (Q1, 2022) | 58.0m |
EBIT (Q1, 2022) | 62.0m |
Market capitalization (13-May-2022) | 2.5b |
Closing stock price (13-May-2022) | 36.0 |
Cash (3-Oct-2021) | 101.0m |
EV | 3.4b |
Meritor's current market capitalization is $2.5 b.
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 699.0m | 806.0m | 920.0m | 903.0m | 1.1b | 1.1b | 1.0b | 1.2b | 1.2b | 901.0m | 871.0m | 514.0m | 889.0m | 983.0m | 1.0b | 984.0m |
Cost of goods sold | 610.0m | 685.0m | 778.0m | 763.0m | 888.0m | 952.0m | 897.0m | 982.0m | 987.0m | 774.0m | 757.0m | 486.0m | 774.0m | 835.0m | 884.0m | 857.0m |
Gross profit | 89.0m | 121.0m | 142.0m | 140.0m | 178.0m | 177.0m | 141.0m | 174.0m | 179.0m | 127.0m | 114.0m | 28.0m | 115.0m | 148.0m | 132.0m | 127.0m |
Gross profit Margin, % | 13% | 15% | 15% | 16% | 17% | 16% | 14% | 15% | 15% | 14% | 13% | 5% | 13% | 15% | 13% | 13% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 125.0m | 138.0m | 231.0m | 116.0m | 100.0m | 100.0m | 127.0m | 98.0m | 111.0m | 108.0m | 508.0m | 280.0m | 283.0m | 321.0m | 138.0m |
Accounts Receivable | 332.0m | 442.0m | 500.0m | 456.0m | 581.0m | 609.0m | 539.0m | 636.0m | 625.0m | 478.0m | 466.0m | 390.0m | 466.0m | 604.0m | 635.0m |
Inventories | 334.0m | 338.0m | 360.0m | 427.0m | 455.0m | 466.0m | 522.0m | 530.0m | 491.0m | 556.0m | 529.0m | 495.0m | 473.0m | 510.0m | 563.0m |
Current Assets | 831.0m | 960.0m | 1.1b | 1.0b | 1.2b | 1.2b | 1.2b | 1.3b | 1.3b | 1.2b | 1.5b | 1.2b | 1.3b | 1.5b | 1.4b |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 41.0m | 283.0m | 249.0m | 33.0m | 99.0m | 144.0m | 58.0m | |||||||||
Depreciation and Amortization | 24.0m | 50.0m | 74.0m | 27.0m | 52.0m | 78.0m | 25.0m | |||||||||
Cash From Operating Activities | (14.0m) | 30.0m | 136.0m | 33.0m | 72.0m | 191.0m | 11.0m | 51.0m | 194.0m | (19.0m) | 290.0m | 188.0m | 44.0m | 107.0m | 146.0m | (21.0m) |
Capital Expenditures | (17.0m) | (40.0m) | (52.0m) | (18.0m) | (35.0m) | (52.0m) | (23.0m) | (44.0m) | (63.0m) | (16.0m) | (33.0m) | (45.0m) | (10.0m) | (26.0m) | (47.0m) | (18.0m) |
| USD | Q1, 2017 |
|---|---|
Debt/Equity | -5.4 x |
Debt/Assets | 0.4 x |
Financial Leverage | -12.9 x |
Meritor Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| AxleTech International Holding Co | May 08, 2019 | $175 m |
| AA Gear & Manufacturing Inc. | April 30, 2018 | |
| Trucktechnic | July 07, 2008 | |
| Mascot Truck Parts | December 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. |
Meritor Revenue Breakdown
Meritor revenue breakdown by business segment: 25.2% from Aftermarket, Industrial and Trailer and 74.8% from Commercial Truck
Meritor revenue breakdown by geographic segment: 53.7% from U.S., 7.2% from Sweden, 6.3% from Italy, 5.1% from Mexico, 8.3% from Brazil and 19.5% from Other
Meritor Cybersecurity Score
Meritor Environment, Social & Governance (ESG) Ratings
Meritor Online and Social Media Presence
9.98k Twitter followers
Meritor has 9.98k Twitter Followers. The number of followers has increased 0.1% month over month and increased 0.5% quarter over quarter
Meritor's Trends
Twitter Engagement Stats for @Meritor
12.1k
Tweets
1.2k
Following
10k
Followers
17
Tweets last 30 days
3.8
Avg. likes per Tweet
94.1%
Tweets with engagement
Meritor Company Culture
Overall Culture
C-
65/100
CEO Rating
B-
72/100
Compensation
C+
71/100
Meritor News and Updates
February 23, 2022
: Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion
Shares of Meritor Inc., a maker of axle, braking and electric powertrain components, were headed toward a 24-year high Tuesday, after the company announced a deal to be acquired by diesel truck engine maker Cummins Inc. for $3.7 billion in cash.
February 22, 2022
Cummins Buying Meritor In $3.7 Billion Deal, Accelerating Auto Supplier Consolidation
The deal will expand Cummins’ range of engine offerings and add axle and brake technology to its product line.
February 22, 2022
Meritor agrees to buyout bid at a 48% premium, that implies a $2.6 billion market cap
Commercial truck and industrial equipment maker Meritor Inc. announced an agreement to be acquired by Cummins Inc. in a cash deal valued $3.7 billion, including debt and acquired cash. Under terms of the deal, Cummins will pay $36.50 for each Meritor share outstanding, which represents a 48% premi…
February 03, 2022
Meritor Reports First-Quarter Fiscal Year 2022 Results
TROY, Mich., Feb. 3, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter that ended December 31, 2021. First-Quarter Highlights Sales of $984 million Net income attributable to Meritor and net income from continuing operations...
December 07, 2021
Meritor Announces Hydrogen Fuel Cell Electric Truck Development Program with Hexagon Purus
TROY, Mich., Dec. 7, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced it will supply its Blue Horizon™ 14Xe™ ePowertrains to Hexagon Purus for a near-term development program with the intention of taking the program to production. Meritor's ePowertrain will be used in two...
December 07, 2021
Meritor to Begin Production of Commercial Vehicle ePowertrain
TROY, Mich., Dec. 7, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced its 14Xe™ ePowertrain is now available and will be in production this month. As part of Meritor's Blue Horizon™ advanced technology portfolio, the 14Xe ePowertrain is a fully integrated, all-electric...
Meritor Frequently Asked Questions
When was Meritor founded?
Meritor was founded in 1909.
Who are Meritor key executives?
Meritor's key executives are Chris Villavarayan, Carl Anderson and Timothy Bowes.
How many employees does Meritor have?
Meritor has 9,600 employees.
What is Meritor revenue?
Latest Meritor annual revenue is $3.8 b.
What is Meritor revenue per employee?
Latest Meritor revenue per employee is $399.3 k.
Who are Meritor competitors?
Competitors of Meritor include Dana, Tenneco Germany and Tenneco Automotive Operating.
Where is Meritor headquarters?
Meritor headquarters is located at 2135 W Maple Rd, Troy.
Where are Meritor offices?
Meritor has offices in Troy, Chicago, Escondido, Fletcher and in 33 other locations.
How many offices does Meritor have?
Meritor has 38 offices.
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