|Over a week ago|
Meritor awarded PACCAR business for battery-electric powertrains » 07:0001/3001/30/20
Meritor (MTOR) announced…
Meritor (MTOR) announced that it has entered into an agreement with PACCAR (PCAR) to be its non-exclusive supplier of electric powertrains for its Kenworth T680 and Peterbilt 579 and 520 battery-electric vehicles. Meritor will be the initial launch partner and primary supplier for the integration of functional battery-electric systems on these refuse and heavy-duty chassis. Production is targeted to begin in early 2021.
Meritor narrows FY20 EPS view to about $2.75 from $2.75-$2.85, consensus $2.87 » 06:5501/3001/30/20
Narrows FY20 revenue…
Narrows FY20 revenue guidance to approximately $3.7B from $3.7B-$3.8B, consensus $3.78B.
Meritor reports Q1 adj. EPS 64c, consensus 56c » 06:5201/3001/30/20
Reports Q1 revenue $901M,…
Reports Q1 revenue $901M, consensus $928.72M.
|Over a month ago|
Meritor acquires TransPower, terms undisclosed » 16:3201/1601/16/20
Meritor announced that it…
Meritor announced that it has acquired all the outstanding common shares of Transportation Power.Terms of the transaction were not disclosed. "We are excited to welcome TransPower to the Meritor family as we continue providing our customers with sophisticated electric drivetrain solutions," said Jay Craig, Meritor's CEO and president. "This acquisition enables us to further position the company as a premier supplier of electrification technologies for commercial vehicles." With the addition of TransPower's product portfolio, Meritor advances its M2022 priorities through increased investment in next-generation technologies. It also further establishes the value of Meritor's Blue HorizonTM brand, which represents the company's emerging platform of advanced technologies centered on electrification. TransPower, a California-based company, supplies integrated drive systems, full electric truck solutions and energy-storage subsystems to major manufacturers of trucks, school buses, refuse vehicles and terminal tractors. The company has been focused exclusively on developing electrical drive solutions since its inception in 2010.
Meritor appoints Chris Villavarayan as COO » 08:3201/1601/16/20
Meritor appointed Chris…
Meritor appointed Chris Villavarayan as executive VP and COO, effective immediately. Villavarayan has served as Senior VP and President of Meritor's Global Truck segment since January 2018. Before being appointed senior vice president and president of Meritor's Global Truck segment, Villavarayan served as president of Truck Americas, responsible for Meritor's Commercial Truck, Defense and Specialty businesses in North and South America.
Meritor to replace The Medicines Co. in the S&P SmallCap 600 at open on 1/6 » 04:5501/0601/06/20
Meritor (MTOR) will…
Meritor (MTOR) will replace The Medicines Company (MDCO) in the S&P SmallCap 600 effective prior to the open of trading on Monday, January 6. Novartis AG is acquiring The Medicines Company in a deal expected to be completed soon pending final conditions.
Meritor rises 13.3% » 12:0012/3112/31/19
Meritor is up 13.3%, or…
Meritor is up 13.3%, or $3.09 to $26.41.
Meritor rises 11.2% » 10:0012/3112/31/19
Meritor is up 11.2%, or…
Meritor is up 11.2%, or $2.62 to $25.94.
Meritor rises 14.8% » 09:4712/3112/31/19
Meritor is up 14.8%, or…
Meritor is up 14.8%, or $3.45 to $26.77.
Fly Intel: After Hours Movers » 18:4012/3012/30/19
MTOR, SVRA, BSIG, XBIT, SPNE, CLB
HIGHER: Meritor (MTOR) up…
HIGHER: Meritor (MTOR) up 8.7% after entering S&P SmallCap 600 Index... Savara (SVRA) up 14.3% after disclosing activist stake by Bain Capital, extending intra-day run of 183%... BrightSphere Investment (BSIG) up 5.3% after disclosing stock purchase by CEO... XBiotech (XBIT) up 4.3% after closing on $750M sale of human antibody bermekimab to Janssen... SeaSpine (SPNE) up 1.9% after announcing full launch of Mariner Midline Posterior Fixation System. LOWER: Core Laboratories (CLB) down 11.5% after cutting Q4 guidance and reducing dividend. Movers as of 18:30ET.