Benzinga | Aug 4, 2021 06:47AM EDT

Meritor Sees Q3 Adj. EPS ~$2.45 vs $2.25 Est., Sales ~$3.9B vs $3.74B Est.

Outlook for Fiscal Year 2021

The company is revising its guidance from its prior outlook for fiscal year 2021, as follows:

* Revenue to be approximately $3.9 billion (prior outlook of $3.650 billion to $3.8 billion)

* Net income attributable to Meritor and net income from continuing operations attributable to Meritor to be approximately $175 million (prior outlook of $145 million to $155 million)

* Diluted earnings per share from continuing operations to be approximately $2.40 (prior outlook of $2.00 to $2.15)

* Adjusted diluted earnings per share from continuing operations to be approximately $2.45 (prior outlook of $2.15 to $2.30)

* Adjusted EBITDA margin to be approximately 10.7% (prior outlook of 10.6 percent to 10.8 percent)

* Operating cash flow to be approximately $210 million (prior outlook of $205 million to $220 million)

* Free cash flow to be approximately $115 million (prior outlook of $110 million to $125 million)