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MTOR on NYSE

Meritor

American truck parts manufacturer

Meritor, Inc. is an American corporation headquartered in Troy, Michigan, which manufactures automobile components for military suppliers, trucks, and trailers. Meritor is a Fortune 500 company. In 1997, Rockwell International spun off its automotive business as Meritor.3 It employed about 18,000 people.1 Its shares trade on NYSE under the symbol MTOR.1 It ceased to exist in 2022.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$3.8BRevenue, fiscal 20215
$199.0MNet income, fiscal 20215
1997Founded1

Compare with Visteon, PATRICK INDUSTRIES INC or Garrett Motion Inc., or pick any stock.

  • TickerMTOR on NYSE1
  • IndustryMotor Vehicle Parts & Accessories1
  • HeadquartersTroy1
  • Websitewww.meritor.com
  • Incorporated inIN6
  • Business address2135 W Maple Road, Troy, Mi 480846
  • Filer categoryLarge accelerated filer6
  • Legal formFor-Profit Corporation4
  • LEI5LTG829X630QFHTFBO824
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 46204 Indianapolis, United States4
  • Registered withBusiness Services Division (Secretary of State), 20000403001464

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Meritor, Inc. is an American corporation headquartered in Troy, Michigan, which manufactures automobile components for military suppliers, trucks, and trailers. Meritor is a Fortune 500 company.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

13.2%Gross margin5
5.7%Operating margin5
5.2%Net margin5
25.9%Revenue growth, 20215
34.7%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue84¢$3.3B
  • Research and development2¢$76.0M
  • Selling, general and admin7¢$270.0M
  • Interest2¢$81.0M
  • Income tax1¢$24.0M
  • Profit5¢$199.0M

Out of $3.8B in revenue.5

Where each dollar of operating cash went, fiscal 2021

  • Share buybacks30¢$59.0M
  • Kept or used elsewhere70¢$138.0M

Out of $197.0M of cash from operations.5

Financial statements

Revenue8910115$3.8B in 2021+9% since 2015
0$2.0B$4.0B$6.0B2015: $3.5B$3.5B20152016: $3.2B$3.2B2016−9%2017: $3.3B$3.3B2017+5%2018: $4.2B$4.2B2018+25%2019: $4.4B$4.4B2019+5%2020: $3.0B$3.0B2020−31%2021: $3.8B$3.8B2021+26%
Gross profit8910115$505.0M in 2021+9% since 2015
0$200.0M$400.0M$600.0M$800.0M2015: $462.0M$462.0M20152016: $436.0M$436.0M2016−6%2017: $497.0M$497.0M2017+14%2018: $625.0M$625.0M2018+26%2019: $640.0M$640.0M2019+2%2020: $328.0M$328.0M2020−49%2021: $505.0M$505.0M2021+54%
Operating income8910115$218.0M in 2021+70% since 2015
0$100.0M$200.0M$300.0M$400.0M2015: $128.0M$128.0M20152016: $204.0M$204.0M2016+59%2017: $218.0M$218.0M2017+7%2018: $292.0M$292.0M2018+34%2019: $363.0M$363.0M2019+24%2020: $332.0M$332.0M2020−9%2021: $218.0M$218.0M2021−34%
Net income8910115$199.0M in 2021+211% since 2015
0$200.0M$400.0M$600.0M2015: $64.0M$64.0M20152016: $573.0M$573.0M2016+795%2017: $324.0M$324.0M2017−43%2018: $117.0M$117.0M2018−64%2019: $291.0M$291.0M2019+149%2020: $245.0M$245.0M2020−16%2021: $199.0M$199.0M2021−19%
Fiscal year20142015201620172018201920202021
Revenue$3.5B8$3.2B9$3.3B10$4.2B11$4.4B5$3.0B5$3.8B5
Cost of revenue$3.0B8$2.8B9$2.9B10$3.6B11$3.7B5$2.7B5$3.3B5
Gross profit$462.0M8$436.0M9$497.0M10$625.0M11$640.0M5$328.0M5$505.0M5
Research and development$69.0M8$68.0M9$69.0M10$73.0M11$75.0M5$74.0M5$76.0M5
Selling, general and admin$243.0M8$213.0M9$266.0M10$313.0M11$256.0M5$221.0M5$270.0M5
Operating income$128.0M8$204.0M9$218.0M10$292.0M11$363.0M5$332.0M5$218.0M5
Interest$114.0M8$87.0M9$122.0M10$70.0M11$61.0M5$70.0M5$81.0M5
Income tax$1.0M8-$424.0M9$52.0M10$149.0M11$82.0M5$78.0M5$24.0M5
Net income$64.0M8$573.0M9$324.0M10$117.0M11$291.0M5$245.0M5$199.0M5
Earnings per share$0.668$6.369$3.6810$1.3411$3.505$3.315$2.785
Earnings per share (diluted)$0.648$6.239$3.5910$1.2811$3.375$3.245$2.735

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Corporate structure

Meritor sits at the top of its group. 12 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Meritor

  • Meritor Troy, Michigan, United States
    • Meritor (Brazil) Subsidiary
    • AxleTech Subsidiary
    • Meritor (United Kingdom) Subsidiary · United Kingdom
    • MERITOR AFTERMARKET SWITZERLAND AG Subsidiary · Dübendorf, Switzerland
    • MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED Subsidiary · Cwmbrân, United Kingdom
    • MERITOR HEAVY VEHICLE SYSTEMS CAMERI S.P.A. Subsidiary · Cameri, Italy
    • MERITOR HEAVY VEHICLE SYSTEMS, LLC Subsidiary · Troy, Michigan, United States
      • MERITOR HVS (INDIA) LIMITED Subsidiary · Mysore, India
    • Meritor HVS AB Subsidiary · Lindesberg, Sweden
    • MERITOR MANUFACTURING DE MEXICO SA DE CV Subsidiary · Cienega de Flores, Mexico
    • MERITOR MEXICO S DE RL DE CV Subsidiary · Cienega de Flores, Mexico

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Meritor reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.5B11 Sep 30, 2020$1.4B11 Sep 30, 2019+5.4%
Accumulated depreciation$961.0M11 Sep 30, 2020$885.0M11 Sep 30, 2019+8.6%
Property and equipment, net$515.0M11 Sep 30, 2020$515.0M11 Sep 30, 20190%
Finance-lease assets$9.0M5 Sep 30, 2021$5.0M5 Sep 30, 2020+80.0%
Operating-lease assets (leased space)$62.0M5 Sep 30, 2021$70.0M5 Sep 30, 2020−11.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$101.0M5 Sep 30, 2021$315.0M5 Sep 30, 2020−67.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$507.0M5 Sep 30, 2021$501.0M5 Sep 30, 2020+1.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$601.0M5 Sep 30, 2021$435.0M5 Sep 30, 2020+38.2%
Work in process$47.0M5 Sep 30, 2021$38.0M5 Sep 30, 2020+23.7%
Finished goods$137.0M5 Sep 30, 2021$119.0M5 Sep 30, 2020+15.1%

Stakes and holdings (Wikidata)

  • AxleTech

Things Wikidata records the company as owning, with the share when stated.1

Leadership

Who has led Meritor, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Charles G. McClure2006–2012
  2. Ivor J. Evans2013–2014
  3. Jeffrey A. Craig2015–2021
  4. Chris Villavarayan2021–2022

Chair

  1. Charles G. McClure2006–2012
  2. Ivor J. Evans2013–2015
  3. Jeffrey A. Craig2021

President

  1. Charles G. McClure2006–2012
  2. Ivor J. Evans2013–2014
  3. Jeffrey A. Craig2014–2021
  4. Chris Villavarayan2021–2022

Chief financial officer

  1. James D. Donlon Iii.2006–2008
  2. Jeffrey A. Craig2008–2012
  3. Kevin Nowlan2013–2018
  4. Carl Douglas Anderson Ii.2019–2022

Chief operating officer

  1. Jeffrey A. Craig2014
  2. Chris Villavarayan2020–2021
200020052010201520202025
Board members and other officers (57)

Products and brands

The business of Meritor consists of axles, brake and safety systems, drivelines, suspensions, trailers, and aftermarket products for defense industries and commercial vehicles including truck, trailer, bus/coach, and off-highway. Meritor engineers a diverse range of products for OEMs, including Daimler, Navistar, and Volvo.

North America

Employing more than 4700 people, the business facilities in North America contain various distribution locations in Canada, multiple production plants in Mexico, and facilities of administration, production, distribution, sales, and technical centers in the United States.

South America

The Meritor business in South America, which was established in Brazil, employed more than 1700 employees as of 2013. There are four manufacturing facilities, one distribution center, two engineering centers, three administrative offices, and one sales office.

Europe

Also as of 2013, Meritor has administrative offices distributed in France, Netherlands, Russia, Switzerland, Turkey, and United Kingdom, and production facilities in Italy, Sweden, Belgium, United Kingdom, as well as France, and one sales location in Spain.

Read the full text

Asia Pacific

Meritor builds products in Australia and Singapore, as has development joint ventures, distribution centers, and sales locations in China and India. In 2013, the company employed nearly 1800 employees in Asia Pacific region and had been present in the region for close to 30 years.

From Wikipedia’s article on Meritor, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

Also owns

  • AxleTech since 2019

From Wikidata.1

Acquisitions

  1. 2019Acquired AxleTech1

Former names

  • MERITOR INCMar 28, 2011 to Jul 9, 20196
  • ARVINMERITOR INCJul 17, 2000 to Mar 10, 20116
  • MU SUB INCMay 5, 2000 to May 5, 20006

Timeline

  1. Aug 3, 20228-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale85
  2. Aug 2, 20228-K Results of operations86
  3. May 26, 20228-K Shareholder vote; Other events87
  4. May 23, 20228-K Entered a material agreement88
  5. May 17, 20228-K Other events89
  6. May 3, 20228-K Results of operations90
  7. Feb 22, 20228-K Entered a material agreement; Other events91
  8. Feb 3, 20228-K Results of operations92
  9. Jan 28, 20228-K Shareholder vote93
  10. 2022Dissolved Dissolved1
  11. Dec 7, 20218-K Regulation FD disclosure94
  12. Nov 17, 20218-K Results of operations95
  13. Nov 12, 20218-K Executive or director change; Bylaws or fiscal year changed96
  14. May 10, 2021New chief executive Chris Villavarayan becomes CEO18
  15. 2019Acquisition Acquired AxleTech1
  16. Aug 4, 2015New chief executive Jeffrey A. Craig becomes CEO19
  17. Sep 11, 2013New chief executive Ivor J. Evans becomes CEO20
  18. Mar 14, 2006New chief executive Charles G. McClure becomes CEO21
  19. 1997Founded Founded1

Calendar

When it reported results

  1. Aug 2, 2022Reported quarterly or annual results86
  2. May 3, 2022Reported quarterly or annual results90
  3. Feb 3, 2022Reported quarterly or annual results92
  4. Nov 17, 2021Reported quarterly or annual results95

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

103 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 13 major events, 51 insider forms, 8 large holders, 27 other. The latest 20:

  1. Aug 15, 202215-12G CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(G) EDGAR
  2. Aug 5, 20224 EDGAR
  3. Aug 5, 20224 EDGAR
  4. Aug 5, 20224 EDGAR
  5. Aug 5, 20224 EDGAR
  6. Aug 5, 20224 EDGAR
  7. Aug 5, 20224 EDGAR
  8. Aug 5, 20224 EDGAR
  9. Aug 5, 20224 EDGAR
  10. Aug 5, 20224 EDGAR
  11. Aug 5, 20224 EDGAR
  12. Aug 5, 20224 EDGAR
  13. Aug 5, 20224 EDGAR
  14. Aug 5, 20224 EDGAR
  15. Aug 5, 20224 EDGAR
  16. Aug 5, 20224 EDGAR
  17. Aug 3, 2022S-8 POS EDGAR
  18. Aug 3, 2022S-8 POS EDGAR
  19. Aug 3, 2022S-8 POS EDGAR
  20. Aug 3, 2022S-8 POS EDGAR

The 103 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 0 buys and 8 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 4, 2022Anderson Carl Douglas IISVP and CFOSale10,000$35.62$356.2KForm 4
Feb 1, 2022Anderson Carl Douglas IISVP and CFOSale1,125$23.24$26.1KForm 4
Dec 2, 2021Villavarayan ChrisCEO & PresidentSale29,326$25.20$739.0KForm 4
Dec 2, 2021Nelligan JohnSVP & Pres., Truck, AmericasSale6,897$25.21$173.9KForm 4
Dec 2, 2021Hogan KenSVP & Pres. Truck, EUR & APACSale4,244$25.21$107.0KForm 4
Dec 2, 2021Craig Jeffrey AExecutive ChairmanSale113,486$25.19$2.9MForm 4
Dec 2, 2021Bialy PaulVP & CAO (PAO)Sale2,664$25.25$67.3KForm 4
Dec 2, 2021Anderson Carl Douglas IISVP and CFOSale5,337$25.20$134.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Meritor is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMERITOR, INC.2
  • CIK0001113256
  • Employer ID (EIN)38-33546432
  • Filer statusLarge accelerated filer2
  • Incorporated inIndiana2
  • Fiscal year endsSeptember 302
  • Industry code (SIC)3714 Motor Vehicle Parts & Accessories2
  • Business address2135 W Maple Road, Troy, MI 480842
  • Phone248-435-10002
  • Shares outstanding70,864,196 as of Aug 1, 202214
  • Public float$2.1B as of Mar 31, 20215
  • On EDGAR sinceMay 5, 20002
  • Filings2,051 in all: 4 (1,107), 8-K (335), SC 13G/A (84), 10-Q (67), 3 (46), SC 13G (46), 11-K (40), 424B7 (32)2
    All 54 form types

    DEFA14A (24), DEF 14A (22), SC TO-T/A (21), 10-K (20), 10-K/A (19), UPLOAD (19), 4/A (17), S-8 (14), CORRESP (12), S-8 POS (10), SD (9), 424B5 (8), 8-K/A (8), ARS (7), S-3 (7), 424B2 (6), S-3ASR (6), 11-K/A (5), 3/A (5), SC TO-C (5), SC TO-I/A (5), FWP (4), PRE 14A (4), SC 13D/A (4), SC 13D (3), SC TO-I (3), 10-K405 (2), 10-Q/A (2), 144 (2), EFFECT (2), POSASR (2), S-3/A (2), S-4 (2), 11-KT (1), 15-12G (1), 25-NSE (1), 424B3 (1), 8-A12B (1), ARS/A (1), CT ORDER (1), DEFM14A (1), DEFR14A (1), POS AM (1), PREM14A (1), S-4/A (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Nov 17, 2021
    Quarterly report (10-Q) Aug 2, 2022
    Proxy statement (DEF 14A) Dec 17, 2021
    Latest 8-K (8-K) Aug 3, 2022

Sources

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