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Meritor
Business, Technology, Equipment

Meritor, Heavy-Duty Truck Engine Sales Boost Cummins Profits

Cummins hq

Profits at Cummins Inc. rose to $720 million in the second quarter of 2023 from $702 million in the year-ago period on the back of a jump in sales, including at newly acquired Meritor.

Keiron Greenhalgh | Staff Reporter
August 3, 2023
Business, Equipment

Cummins Reports Record Q1 Profits

Cummins lobby

The impact of buying Meritor along with heavy-duty truck engine sales pushed Cummins Inc.’s earnings to record heights in the first quarter of 2023, the original equipment manufacturer said May 2.

Keiron Greenhalgh | Staff Reporter
May 2, 2023
Business, Technology, Equipment

Meritor Reports FY Q2 Revenue Climbs on Demand, Higher Pricing

Image

Meritor Inc. reported fiscal second-quarter net income dipped and revenue increased primarily driven by higher truck production in most global markets and pricing actions.

Roger Gilroy | Senior Reporter
May 3, 2022
Business, Technology, Equipment, Breaking News

Cummins to Buy Parts Manufacturer Meritor for $3.7 Billion

Image

Engine maker Cummins Inc. is acquiring components manufacturer Meritor in a $3.7 billion cash deal announced Feb. 22.

Roger Gilroy | Senior Reporter
February 22, 2022
Business, Technology, Equipment

Meritor Reports Higher Income, Revenue in FY Q1

Image

Meritor Inc. reported quarterly net income nearly doubled and revenue climbed by about 11%, and cited a rising truck market in multiple regions compared with a year earlier.

Roger Gilroy | Senior Reporter
February 7, 2022
Business, Technology, Equipment

Meritor Forecasts Electrification Will Bring $1.5 Billion in Revenue by 2030

Image

Meritor Inc. announced several new business awards that expand its role in vehicle electrification, including the medium-duty segment, and broaden its global reach to offset the cyclical North American truck market, its largest customer base.

Roger Gilroy | Senior Reporter
December 8, 2021
Business, Technology, Equipment

Meritor Notches Higher Q4 Net Income, Revenue

Image

Meritor Inc. reported higher fiscal year fourth-quarter net income and revenue thanks to higher global truck production.

Roger Gilroy | Senior Reporter
November 17, 2021
Business, Technology, Equipment, Fuel

Shell, Meritor Make Case for Lower Emissions

Image

LONG BEACH, Calif. — Shell and Meritor Inc. have withstood abrupt changes in an evolving transportation industry because of their ability to adapt to new technologies.

Roger Gilroy | Senior Reporter
September 7, 2021
Business, Equipment

Meritor Reports Higher Revenue, Lower Income in FY Q2

Image

Meritor Inc. reported higher fiscal second-quarter revenue and lower net income reflecting, respectively, strong truck production and a previous distribution agreement termination.

Roger Gilroy | Senior Reporter
May 4, 2021
Business, Technology, Equipment

Meritor Reports Lower Fiscal-Year Q1 Earnings, Revenue

Image

Meritor Inc. reported a decline in net income, largely due to interest expenses, and a dip in revenue during its fiscal first quarter.

Roger Gilroy | Senior Reporter
February 3, 2021

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