Value Microcaps Motherboard

[researcher59]

MTOR (6.74) reports adj EPS of $0.33, well ahead of estimates - beware the weak balance sheet with negative tangible book value of (~$15).

per briefing.com -

Meritor beats by $0.07, misses on revs; reaffirms FY12 EPS guidance, revs guidance -

Reports Q2 (Mar) earnings of $0.33 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of $0.26; revenues fell 1.4% year/year to $1.16 bln vs the $1.19 bln consensus. Co reaffirms guidance for FY12, sees EPS of $1.08-1.39, excluding non-recurring items, vs. $1.17 Capital IQ Consensus Estimate; sees FY12 revs of ~$4.8 bln vs. $4.86 bln Capital IQ Consensus Estimate. Adjusted EBITDA margin for the second quarter of fiscal year 2012 was 8.2 percent compared to 7.0 percent for the same period last year. Higher Adjusted EBITDA was primarily due to the benefits of actions completed in the second quarter. "Our market volume outlook remains positive, and while there could be some changes across the regions compared to our original planning assumptions, we do not expect these changes to significantly impact our overall fiscal year 2012 revenue guidance. We continue to focus on sustainable and profitable growth, collaboration with customers and suppliers, strategic investments, new product introductions, cost management and strategies resulting in improving EBITDA margins."