Meritor recently announced its financial report for the second quarter of fiscal year 2012 (January 1, 2012 to March 31, 2012).
In the second quarter, Meritor’s sales were US$1.16 billion, a year-on-year decrease of 1%; net profit was US$20 million, an increase of 18% over the previous year; adjusted EBITDA was US$95 million, a year-on-year increase of 16%. The adjusted profit margin before interest, taxes, depreciation and amortization was 8.2%, which was an increase of 1.2 percentage points from the same period of last year.
In the second quarter, the profit generated by Meritor’s continued operations was US$29 million, diluted by US$0.30 per share. Meritor’s operating profit for the same period last year was US$6 million, and US$0.06 per diluted share.
For the entire fiscal year 2012 (October 1, 2011 to September 30, 2012), Meritor estimates that the company’s sales will be around US$4.8 billion; the adjusted EBITDA will be 8.2%. 8.6%.
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