Meritor

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, USMap
Websitemeritor.com
Employee Ratings3.7More
Overall CultureD+More
View Jobs (32)

Recent NewsAll News

Latest Updates

Employees (est.) (Sept 2019)9,100(+6%)
Job Openings32
Revenue (FY, 2019)$4.4 B(+6%)
Share Price (Nov 2020)$26.5
Cybersecurity ratingCMore

Key People/Management at Meritor

Jeffrey Craig

Jeffrey Craig

Chief Executive Officer and President
Carl Anderson

Carl Anderson

Senior Vice President and Chief Financial Officer
Joseph A. Plomin

Joseph A. Plomin

Senior Vice President and President Aftermarket & Industrial and Trailer
Timothy J. Heffron

Timothy J. Heffron

Senior Vice President Human Resources and Chief Information Officer
Cheri Lantz

Cheri Lantz

Vice President and Chief Strategy Officer
Krista L. Sohm

Krista L. Sohm

VP and Chief Marketing & Communications Officer
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Meritor Office Locations

Meritor has offices in Troy, Chicago, Fletcher, Florence and in 36 other locations
Troy, US (HQ)
2135 W Maple Rd
Chicago, US
1020 W 119th St
Fletcher, US
1000 Rockwell Dr
Florence, US
7975 Dixie Hwy
Forest City, US
160 Ash Street
Frankfort, US
88 Steadmantown Ln
Show all (40)

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 (13-Nov-2020)

1.9b

Closing stock price (13-Nov-2020)

26.5

Cash (31-Mar-2020)

508.0m

EV

2.8b
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%
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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
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

125.0m138.0m231.0m116.0m100.0m100.0m127.0m98.0m111.0m108.0m508.0m

Accounts Receivable

332.0m442.0m500.0m456.0m581.0m609.0m539.0m636.0m625.0m478.0m466.0m

Inventories

334.0m338.0m360.0m427.0m455.0m466.0m522.0m530.0m491.0m556.0m529.0m

Current Assets

831.0m960.0m1.1b1.0b1.2b1.2b1.2b1.3b1.3b1.2b1.5b
show all
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)
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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

8 6 6

Programs Launched

21

Facilities

51 50 54

Facility Space, sq. ft.

9.27 m9.29 m11.10 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

C

74/100

Learn more about our premium products
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Meritor Online and Social Media Presence

Meritor's Trends

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Meritor Company Culture

  • Overall Culture

    D+

    63/100

  • CEO Rating

    D

    63/100

  • Compensation

    C+

    69/100

Learn more on Comparably

Meritor News and Updates

November 12, 2020

Meritor Reports Fourth-Quarter and Fiscal Year 2020 Results

TROY, Mich., Nov. 12, 2020 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced reported financial results for its fourth quarter and full fiscal year ending Sept. 30, 2020. Fourth-Quarter Highlights Sales were $758 million Net income attributable to Meritor and net income from...
November 05, 2020

Meritor Announces Leadership Transition

TROY, Mich., Nov. 5, 2020 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) (the "Company" or "Meritor") today announced that Jay Craig, chief executive officer and president, will transition to the role of executive chairman of the Board of Directors on February 28, 2021. Chris Villavarayan,...
July 29, 2020

Meritor Reports Third-Quarter Fiscal Year 2020 Results

TROY, Mich., July 29, 2020 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its third fiscal quarter that ended June 30, 2020. Third-Quarter Highlights Sales of $514 million Net loss attributable to Meritor and net loss from continuing operations...
June 04, 2020

Meritor Announces Pricing of Notes

TROY, Mich., June 4, 2020 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the pricing on June 3, 2020 of $300 million aggregate principal amount of its 6.25% unsecured senior notes due 2025 (the "notes"). The offering is being made in a private placement to qualified...
June 03, 2020

Meritor Announces Additional Cost and Liquidity Actions

TROY, Mich., June 3, 2020 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced actions designed to enhance the financial position of the company in light of current market conditions resulting from the COVID-19 pandemic. "It remains too early to forecast the long-term impact of this...
January 30, 2020

Meritor Reports First-Quarter Fiscal Year 2020 Results

TROY, Mich., Jan. 30, 2020 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter that ended Dec. 31, 2019. First-Quarter Highlights Sales of $901 million Net income attributable to Meritor and net income from continuing operations...
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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 Jeffrey Craig, Carl Anderson and Joseph A. Plomin.

  • 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.