| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | |||||||||||||||||||||||||||||||||||||||||
871,000 | 901,000 | 1,028,000 | 1,166,000 | 1,156,000 | 1,038,000 | 1,080,000 | 1,129,000 | 1,066,000 | 903,000 | 922,000 | 920,000 | 806,000 | 699,000 | 728,000 | 841,000 | 821,000 | 809,000 | 853,000 | 909,000 | 864,000 | 879,000 | 933,000 | 979,000 | 954,000 | 900,000 | 880,000 | 993,000 | 908,000 | 891,000 | 952,000 | 1,113,000 | 1,160,000 | 1,159,000 | 1,217,000 | 1,272,000 | 1,176,000 | 957,000 | 896,000 | 966,000 | 868,000 | 800,000 |
Cost of sales | |||||||||||||||||||||||||||||||||||||||||
757,000 | 774,000 | 882,000 | 987,000 | 982,000 | 897,000 | 928,000 | 959,000 | 895,000 | 771,000 | 777,000 | 778,000 | 685,000 | 610,000 | 644,000 | 714,000 | 700,000 | 705,000 | 745,000 | 785,000 | 749,000 | 764,000 | 793,000 | 855,000 | 836,000 | 795,000 | 772,000 | 884,000 | 813,000 | 808,000 | 842,000 | 981,000 | 1,026,000 | 1,053,000 | 1,099,000 | 1,137,000 | 1,058,000 | 852,000 | 774,000 | 849,000 | 771,000 | 711,000 |
GROSS PROFIT | |||||||||||||||||||||||||||||||||||||||||
114,000 | 127,000 | 146,000 | 179,000 | 174,000 | 141,000 | 152,000 | 170,000 | 171,000 | 132,000 | 145,000 | 142,000 | 121,000 | 89,000 | 84,000 | 127,000 | 121,000 | 104,000 | 108,000 | 124,000 | 115,000 | 115,000 | 140,000 | 124,000 | 118,000 | 105,000 | 108,000 | 109,000 | 95,000 | 83,000 | 110,000 | 132,000 | 134,000 | 106,000 | 118,000 | 135,000 | 118,000 | 105,000 | 122,000 | 117,000 | 97,000 | 89,000 |
Selling, general and administrative | |||||||||||||||||||||||||||||||||||||||||
59,000 | 70,000 | 76,000 | 73,000 | 73,000 | 34,000 | 95,000 | 76,000 | 75,000 | 67,000 | 74,000 | 73,000 | 66,000 | 53,000 | 38,000 | 59,000 | 60,000 | 56,000 | 56,000 | 65,000 | 57,000 | 65,000 | 80,000 | 53,000 | 66,000 | 59,000 | 59,000 | 67,000 | 65,000 | 62,000 | 77,000 | 68,000 | 72,000 | 65,000 | 66,000 | 72,000 | 70,000 | 70,000 | 70,000 | 77,000 | 68,000 | 66,000 |
Income from WABCO distribution termination | |||||||||||||||||||||||||||||||||||||||||
265,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Pension settlement losses | |||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -36,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - |
Restructuring Charges | |||||||||||||||||||||||||||||||||||||||||
- | - | - | -1,000 | - | - | 0 | 3,000 | 1,000 | 2,000 | 2,000 | 0 | 4,000 | 0 | 7,000 | 6,000 | 2,000 | 1,000 | 1,000 | 9,000 | 3,000 | 3,000 | 7,000 | 0 | 2,000 | 1,000 | -6,000 | 12,000 | 11,000 | 6,000 | 9,000 | 3,000 | 3,000 | 24,000 | 7,000 | 7,000 | 5,000 | 3,000 | 5,000 | 1,000 | 0 | 0 |
Gain on sale of property | |||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16,000 | - | - | - | 0 | - | - | - | - | - | - |
Other operating income (expense), net | |||||||||||||||||||||||||||||||||||||||||
-10,000 | -5,000 | -11,000 | -3,000 | 1,000 | 0 | -2,000 | 0 | -11,000 | -1,000 | -2,000 | 0 | -2,000 | -3,000 | 0 | 0 | -3,000 | 0 | -3,000 | 1,000 | 0 | 1,000 | 0 | -1,000 | 0 | -1,000 | -1,000 | 0 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | 0 | 0 | -2,000 | 0 | - | -6,000 | 0 | - |
OPERATING INCOME | |||||||||||||||||||||||||||||||||||||||||
310,000 | 52,000 | 50,000 | 104,000 | 102,000 | 107,000 | 55,000 | 91,000 | 84,000 | 62,000 | 67,000 | 69,000 | 49,000 | 33,000 | 39,000 | 62,000 | 56,000 | 47,000 | -26,000 | 51,000 | 55,000 | 48,000 | 53,000 | 70,000 | 50,000 | 44,000 | -19,000 | -6,000 | 18,000 | 14,000 | 23,000 | 76,000 | 58,000 | 16,000 | 45,000 | 56,000 | 41,000 | 32,000 | 47,000 | 33,000 | 29,000 | 23,000 |
Other income, net | |||||||||||||||||||||||||||||||||||||||||
14,000 | 10,000 | 10,000 | 10,000 | 9,000 | 11,000 | 2,000 | 9,000 | 8,000 | 7,000 | -10,000 | 1,000 | 0 | 0 | 0 | 0 | -2,000 | 1,000 | 2,000 | -1,000 | 2,000 | 2,000 | 0 | 0 | 0 | 0 | - | - | - | - | 1,000 | 1,000 | 1,000 | 4,000 | 7,000 | 5,000 | -2,000 | 0 | - | 1,000 | 1,000 | - |
Equity in earnings of ZF Meritor | |||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 190,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Equity in earnings of other ZF Meritor | |||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Equity in earnings of affiliates | |||||||||||||||||||||||||||||||||||||||||
6,000 | 6,000 | 7,000 | 9,000 | 6,000 | 9,000 | 7,000 | 9,000 | 6,000 | 5,000 | 16,000 | 14,000 | 8,000 | 10,000 | 10,000 | 9,000 | 7,000 | 10,000 | 11,000 | 10,000 | 9,000 | 9,000 | - | - | 9,000 | 8,000 | 8,000 | 15,000 | 10,000 | 9,000 | 11,000 | 12,000 | 14,000 | 15,000 | 19,000 | 21,000 | 17,000 | 13,000 | 15,000 | 12,000 | 12,000 | 9,000 |
Interest expense, net | |||||||||||||||||||||||||||||||||||||||||
-16,000 | -14,000 | -14,000 | -14,000 | -15,000 | -14,000 | -13,000 | -14,000 | -16,000 | -24,000 | -56,000 | -21,000 | -21,000 | -21,000 | -21,000 | -20,000 | -21,000 | -22,000 | -27,000 | -38,000 | -21,000 | -19,000 | -33,000 | -22,000 | -48,000 | -27,000 | -27,000 | -45,000 | -25,000 | -29,000 | -167,000 | 25,000 | 23,000 | 24,000 | -168,000 | 22,000 | 24,000 | 27,000 | 25,000 | 27,000 | 31,000 | 23,000 |
INCOME BEFORE INCOME TAXES | |||||||||||||||||||||||||||||||||||||||||
314,000 | 54,000 | 53,000 | 109,000 | 102,000 | 113,000 | 51,000 | 95,000 | 82,000 | 50,000 | 260,000 | 63,000 | 36,000 | 22,000 | 28,000 | 51,000 | 40,000 | 36,000 | -40,000 | 22,000 | 45,000 | 40,000 | 30,000 | 249,000 | 11,000 | 25,000 | 90,000 | -36,000 | 3,000 | -6,000 | 12,000 | 64,000 | 50,000 | 11,000 | 49,000 | 60,000 | 32,000 | 18,000 | 37,000 | 19,000 | 11,000 | 9,000 |
Provision for income taxes | |||||||||||||||||||||||||||||||||||||||||
73,000 | 13,000 | 13,000 | 21,000 | 27,000 | 21,000 | 18,000 | 26,000 | 22,000 | 83,000 | 22,000 | 11,000 | 13,000 | 6,000 | -446,000 | 8,000 | 7,000 | 7,000 | -18,000 | 6,000 | 6,000 | 7,000 | 0 | 12,000 | 8,000 | 11,000 | 46,000 | 1,000 | 7,000 | 10,000 | 8,000 | 12,000 | 17,000 | 20,000 | 8,000 | 28,000 | 21,000 | 20,000 | 17,000 | 21,000 | 0 | 10,000 |
INCOME FROM CONTINUING OPERATIONS | |||||||||||||||||||||||||||||||||||||||||
241,000 | 41,000 | 40,000 | 88,000 | 75,000 | 92,000 | 33,000 | 69,000 | 60,000 | -33,000 | 238,000 | 52,000 | 23,000 | 16,000 | 474,000 | 43,000 | 33,000 | 29,000 | -22,000 | 16,000 | 39,000 | 33,000 | 30,000 | 237,000 | 3,000 | 14,000 | 44,000 | -37,000 | -4,000 | -16,000 | 4,000 | 52,000 | 33,000 | -9,000 | 41,000 | 32,000 | 11,000 | -2,000 | 20,000 | -2,000 | 11,000 | -1,000 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax | |||||||||||||||||||||||||||||||||||||||||
1,000 | 0 | 1,000 | 1,000 | -1,000 | 0 | 0 | -2,000 | 0 | -1,000 | 0 | -1,000 | 0 | 0 | 0 | -1,000 | -1,000 | -2,000 | 0 | -2,000 | 4,000 | -3,000 | -26,000 | -3,000 | 0 | -1,000 | -1,000 | -1,000 | 0 | -5,000 | 2,000 | -1,000 | -9,000 | -9,000 | -7,000 | -10,000 | 11,000 | 4,000 | -15,000 | 3,000 | 6,000 | 4,000 |
NET INCOME | |||||||||||||||||||||||||||||||||||||||||
242,000 | 41,000 | 41,000 | 89,000 | 74,000 | 92,000 | 33,000 | 67,000 | 60,000 | -34,000 | 238,000 | 51,000 | 23,000 | 16,000 | 474,000 | 42,000 | 32,000 | 27,000 | -22,000 | 14,000 | 43,000 | 30,000 | 4,000 | 234,000 | 3,000 | 13,000 | 43,000 | -38,000 | -4,000 | -21,000 | 6,000 | 51,000 | 24,000 | -18,000 | 34,000 | 22,000 | 22,000 | 2,000 | 5,000 | 1,000 | 17,000 | 3,000 |
Less: Net income attributable to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||
1,000 | 2,000 | -2,000 | 3,000 | 2,000 | 2,000 | 1,000 | 3,000 | 3,000 | 2,000 | -1,000 | 3,000 | 1,000 | 1,000 | 0 | 1,000 | 0 | 1,000 | -1,000 | 1,000 | 0 | 1,000 | 1,000 | 0 | 2,000 | 2,000 | 2,000 | 0 | 0 | 0 | 1,000 | 2,000 | 4,000 | 4,000 | 11,000 | 5,000 | 5,000 | -4,000 | 3,000 | 4,000 | 4,000 | 3,000 |
NET INCOME ATTRIBUTABLE TO MERITOR, INC. | |||||||||||||||||||||||||||||||||||||||||
241,000 | 39,000 | 43,000 | 86,000 | 72,000 | 90,000 | 32,000 | 64,000 | 57,000 | -36,000 | 239,000 | 48,000 | 22,000 | 15,000 | 474,000 | 41,000 | 32,000 | 26,000 | -21,000 | 13,000 | 43,000 | 29,000 | 3,000 | 234,000 | 1,000 | 11,000 | 41,000 | -38,000 | -4,000 | -21,000 | 5,000 | 49,000 | 20,000 | -22,000 | 31,000 | 17,000 | 17,000 | -2,000 | 2,000 | -3,000 | 13,000 | 0 |
NET INCOME (LOSS) ATTRIBUTABLE TO MERITOR, INC. | |||||||||||||||||||||||||||||||||||||||||
Net income from continuing operations | |||||||||||||||||||||||||||||||||||||||||
240,000 | 39,000 | 42,000 | 85,000 | 73,000 | 90,000 | 32,000 | 66,000 | 57,000 | -35,000 | 239,000 | 49,000 | 22,000 | 15,000 | 474,000 | 42,000 | 33,000 | 28,000 | -21,000 | 15,000 | 39,000 | 32,000 | 29,000 | 237,000 | 1,000 | 12,000 | 42,000 | -37,000 | -4,000 | -16,000 | 3,000 | 50,000 | 29,000 | -13,000 | 38,000 | 27,000 | 6,000 | -6,000 | 17,000 | -6,000 | 7,000 | -4,000 |
Income (loss) from discontinued operations | |||||||||||||||||||||||||||||||||||||||||
1,000 | 0 | 1,000 | 1,000 | -1,000 | 0 | 0 | -2,000 | 0 | -1,000 | 0 | -1,000 | 0 | 0 | 0 | -1,000 | -1,000 | -2,000 | 0 | -2,000 | 4,000 | -3,000 | -26,000 | -3,000 | 0 | -1,000 | -1,000 | -1,000 | 0 | -5,000 | 2,000 | -1,000 | -9,000 | -9,000 | -7,000 | -10,000 | 11,000 | 4,000 | -15,000 | 3,000 | 6,000 | 4,000 |
Net Income (Loss) Attributable to Parent | |||||||||||||||||||||||||||||||||||||||||
241,000 | 39,000 | 43,000 | 86,000 | 72,000 | 90,000 | 32,000 | 64,000 | 57,000 | -36,000 | 239,000 | 48,000 | 22,000 | 15,000 | 474,000 | 41,000 | 32,000 | 26,000 | -21,000 | 13,000 | 43,000 | 29,000 | 3,000 | 234,000 | 1,000 | 11,000 | 41,000 | -38,000 | -4,000 | -21,000 | 5,000 | 49,000 | 20,000 | -22,000 | 31,000 | 17,000 | 17,000 | -2,000 | 2,000 | -3,000 | 13,000 | 0 |
BASIC EARNINGS (LOSS) PER SHARE | |||||||||||||||||||||||||||||||||||||||||
Continuing operations (in usd per share) | |||||||||||||||||||||||||||||||||||||||||
3.27 | 0.50 | 0.53 | 1.02 | 0.88 | 1.06 | 0.37 | 0.76 | 0.64 | -0.40 | 2.72 | 0.55 | 0.25 | 0.17 | 5.27 | 0.47 | 0.36 | 0.30 | -0.21 | 0.15 | 0.40 | 0.33 | 0.30 | 2.43 | 0.01 | 0.12 | 0.44 | -0.38 | -0.04 | -0.17 | - | 0.51 | 0.30 | - | 0.42 | 0.28 | 0.06 | -0.07 | - | -0.06 | 0.09 | - |
Discontinued operations (in usd per share) | |||||||||||||||||||||||||||||||||||||||||
0.01 | 0.00 | 0.01 | 0.01 | -0.01 | 0.00 | 0.00 | -0.02 | 0.00 | -0.01 | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | -0.02 | 0.00 | -0.02 | 0.04 | -0.03 | -0.27 | -0.03 | 0.00 | -0.01 | -0.01 | -0.01 | 0.00 | -0.05 | - | -0.01 | -0.09 | - | -0.08 | -0.10 | 0.12 | 0.04 | - | 0.03 | 0.07 | - |
Basic earnings per share (in usd per share) | |||||||||||||||||||||||||||||||||||||||||
3.28 | 0.50 | 0.54 | 1.03 | 0.87 | 1.06 | 0.37 | 0.74 | 0.64 | -0.41 | 2.72 | 0.54 | 0.25 | 0.17 | 5.27 | 0.46 | 0.35 | 0.28 | -0.21 | 0.13 | 0.44 | 0.30 | 0.03 | 2.40 | 0.01 | 0.11 | 0.43 | -0.39 | -0.04 | -0.22 | - | 0.50 | 0.21 | - | 0.34 | 0.18 | 0.18 | -0.03 | - | -0.03 | 0.16 | - |
DILUTED EARNINGS (LOSS) PER SHARE | |||||||||||||||||||||||||||||||||||||||||
Continuing operations (in usd per share) | |||||||||||||||||||||||||||||||||||||||||
3.19 | 0.48 | 0.49 | 0.99 | 0.85 | 1.03 | 0.35 | 0.73 | 0.63 | -0.40 | 2.67 | 0.52 | 0.24 | 0.17 | 5.15 | 0.46 | 0.36 | 0.30 | -0.20 | 0.15 | 0.38 | 0.32 | 0.34 | 2.34 | 0.01 | 0.12 | 0.44 | -0.38 | -0.04 | -0.17 | - | 0.51 | 0.30 | - | 0.40 | 0.28 | 0.06 | -0.07 | - | -0.06 | 0.09 | - |
Discontinued operations (in usd per share) | |||||||||||||||||||||||||||||||||||||||||
0.01 | 0.00 | 0.01 | 0.01 | -0.01 | 0.00 | 0.00 | -0.02 | 0.00 | -0.01 | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | -0.02 | 0.00 | -0.02 | 0.04 | -0.03 | -0.26 | -0.03 | 0.00 | -0.01 | -0.01 | -0.01 | 0.00 | -0.05 | - | -0.01 | -0.09 | - | -0.08 | -0.10 | 0.12 | 0.04 | - | 0.03 | 0.07 | - |
Diluted earnings per share (in usd per share) | |||||||||||||||||||||||||||||||||||||||||
3.20 | 0.48 | 0.50 | 1.00 | 0.84 | 1.03 | 0.35 | 0.71 | 0.63 | -0.41 | 2.67 | 0.51 | 0.24 | 0.17 | 5.15 | 0.45 | 0.35 | 0.28 | -0.20 | 0.13 | 0.42 | 0.29 | 0.08 | 2.31 | 0.01 | 0.11 | 0.43 | -0.39 | -0.04 | -0.22 | - | 0.50 | 0.21 | - | 0.32 | 0.18 | 0.18 | -0.03 | - | -0.03 | 0.16 | - |
Basic average common shares outstanding (in shares) | |||||||||||||||||||||||||||||||||||||||||
73,400 | 78,200 | 81,700 | 83,000 | 83,300 | 84,800 | 85,600 | 87,200 | 88,600 | 88,600 | 88,300 | 88,400 | 88,200 | 87,100 | 86,800 | 89,800 | 91,300 | 92,500 | 94,900 | 96,900 | 97,900 | 97,900 | 97,500 | 97,600 | 97,600 | 97,300 | 97,300 | 97,200 | 97,200 | 96,700 | - | 96,400 | 96,300 | - | - | 94,300 | 94,300 | - | - | 93,200 | 80,300 | - |
Diluted average common shares outstanding (in shares) | |||||||||||||||||||||||||||||||||||||||||
75,300 | 80,700 | 86,500 | 85,600 | 85,600 | 87,500 | 95,200 | 89,800 | 91,200 | 88,600 | 87,000 | 93,300 | 92,000 | 88,500 | 89,200 | 92,000 | 92,500 | 94,300 | 96,000 | 100,300 | 102,900 | 101,200 | 97,400 | 101,100 | 99,600 | 98,700 | 97,300 | 97,200 | 97,200 | 96,700 | - | 97,200 | 97,200 | - | - | 96,800 | 96,900 | - | - | 93,200 | 83,100 | - |
Income (Loss) from Continuing Operations, Per Basic and Diluted Share | |||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.13 | - | - | - | - | - | - | - | -0.06 |
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic and Diluted Share | |||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.10 | - | - | - | - | - | - | - | 0.06 |
Earnings Per Share, Basic and Diluted | |||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.23 | - | - | - | - | - | - | - | 0.00 |
Weighted Average Number of Shares Outstanding, Basic and Diluted | |||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 94,500 | - | - | - | 93,300 | - | - | - | 72,700 |