John Sommers II for TT
Truck components maker Meritor Inc. reaffirmed its earnings guidance for fiscal year 2012, and said its next quarter would improve incrementally from its most recent.
The company said its full-year adjusted operating income will be $105 million to $135 million, with adjusted earnings per share of $1.08 to $1.39.
Second fiscal quarter earnings before interest, taxes, depreciation and amortization will improve 1% incrementally from its first quarter, CEO Chip McClure said in a statement.
Meritor reported a loss for its first fiscal quarter ended Dec. 31, even though its commercial truck segment’s sales rose to $751 million, from $575 million a year earlier.