Free historical financial statements for Meritor Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 46 quarters since 2010. Compare with MTOR stock chart to see long term trends.
Meritor, Inc. (the "company" or "Meritor"), headquartered in Troy, Michigan, is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers ("OEMs") and the aftermarket for the commercial vehicle, transportation and industrial sectors. The company serves commercial truck, trailer, military, bus and coach, construction and other industrial OEMs and certain aftermarkets. The Consolidated Financial Statements are those of the company and its consolidated subsidiaries.
The company’s fiscal year ends on the Sunday nearest September 30. The 2021, 2020 and 2019 fiscal years ended on October 3, 2021, September 27, 2020 and September 29, 2019, respectively. All year and quarter references relate to the company’s fiscal year and fiscal quarters, unless otherwise stated. For ease of presentation, September 30 is used consistently throughout this report to represent the fiscal year end.
COVID-19 Pandemic Update
The COVID-19 pandemic adversely affected the company's financial performance in the second, third and fourth quarters of fiscal year 2020 and the beginning of fiscal year 2021. In response to the COVID-19 pandemic, government health officials recommended and mandated precautions to mitigate the spread of the virus, including shelter in-place orders, prohibitions on public gatherings and other similar measures. As a result, the company and certain of the company's customers and suppliers temporarily closed select manufacturing locations beginning late in the second quarter of fiscal year 2020, continuing into the third quarter of fiscal year 2020. All of the company’s facilities have been fully operational since the end of fiscal year 2020 and its salaried employees have begun returning to work in person. Production volume levels continued to increase through the fourth quarter of fiscal year 2020 and into fiscal year 2021. There is uncertainty around the duration and breadth of the COVID-19 pandemic, as well as the impact it will have on the company's industry, customers, operations, workforce, supply chains, distribution systems and availability of manufacturing inputs. As a result, the ultimate impact on the company's business, financial condition or operating results cannot be reasonably estimated at this time.