Meritor cuts outlook on rising steel prices, costs

Newswire

* Sees Q2 EBITDA of $77-$83 mln vs pvs view $85-$95 mln * Expects slightly negative Q2 free cash flow * Raises revenue outlook DETROIT, March 31 (Reuters) - Commercial truck parts maker Meritor on Thursday reduced its second-quarter earnings outlook, citing rising steel prices and higher-than-expected costs. The company, which makes drivetrain, braking and replacement parts for the commercial vehicle and industrial markets, now expects second-quarter adjusted earnings before ...

Premium Content (PAID Subscription Required)

"Meritor cuts outlook on rising steel prices, costs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×