Meritor, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2013; Reaffirms Guidance for Fiscal Year 2014
The company is reaffirming guidance for fiscal year 2014 as follows: Revenue to be approximately $3.7 billion. Adjusted EBITDA margin will be approximately 7.5%. Adjusted earnings per share from continuing operations will be in the range of $0.30 to $0.40. Total free cash flow will be about breakeven to $25 million. Capital expenditures will be in the range of $80 million to $90 million. Interest expense will be in the range of $105 million to $115 million.