(MTOR, MEG, GBLHF, PKBK) Stock Updates by PennyGovernance.com

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 4, 2012 --

Meritor, Inc. (NYSE:MTOR) reported financial results for its first fiscal quarter ended Dec. 31, 2011. Sales were $1.159 billion, up $202 million or 21 percent, from the same period last year. Net loss on a GAAP basis was $22 million (which includes $24 million in restructuring), compared to a net loss of $2 million in the prior year's first quarter. Adjusted EBITDA was $79 million, up $14 million or 22 percent from the same period last year. For the first quarter of fiscal year 2012, Meritor posted sales of $1.159 billion, up 21 percent from the same period last year. This increase in sales was primarily due to stronger truck demand in all regions. As compared to the fourth quarter of fiscal year 2011, sales in the first quarter were down almost five percent due to normal seasonality and lower defense revenue due to the planned deferral of Caiman shipments to future quarters.

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