On Tuesday, Shares of Meritor Inc (NYSE:MTOR), included 1.94% and shut at $12.60 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $12.36 and $12.67. Meritor, Inc. (MTOR) recently stated financial results for its fourth quarter and full fiscal year ended Sept. 30, 2016.
Sales were $728 million.
Net income attributable to Meritor and net income from continuing operations attributable to Meritor were each $452 million.
Diluted earnings per share from continuing operations was $5.10.
Adjusted income from continuing operations attributable to Meritor was $30 million, or $0.34 per adjusted diluted share from continuing operations.
Adjusted EBITDA was $74 million.
Adjusted EBITDA margin was 10.2 percent.
For the fourth quarter of fiscal year 2016, Meritor posted sales of $728 million, down $125 million, or 15 percent, from the same period last year. This decrease was mainly because of lower commercial truck production in North America.
Net income attributable to Meritor was $452 million, or $5.10 per diluted share, contrast with a net loss of $21 million, or $0.22 per diluted share, in the prior year. Net income from continuing operations attributable to Meritor was $452 million, contrast to a loss of $21 million in the same quarter last year. In fiscal year 2016, we recognized $405 million from the partial release of tax valuation allowances in the United States.
Shares of Umpqua Holdings Corp (NASDAQ:UMPQ), added 0.22% and shut at $17.85 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $17.80 and $17.94. The association’s commercial center capitalization is $3.94 Billion with the general uncommon loads of 220.21 million. Umpqua Holdings Corporation, through its auxiliaries, engages in the commercial and retail banking, and retail brokerage businesses. It operates through Community Banking and Home Lending segments. The Community Banking segment provides loan and deposit products to business and retail customers. The Home Lending segment originates, sells, and services residential mortgage loans. It also offers various deposit products, such as non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit; financial planning, trust, and investments services to high net worth individuals; and retail brokerage and investment advisory services. The companys loan products include loans for business and commercial customers, counting accounts receivable and inventory financing, multi-family loans, equipment loans, commercial equipment leases, international trade, real estate construction loans, permanent financing, small business administration program financing, and capital markets and treasury administration services; loan products for small businesses; commercial and industrial loans; residential real estate loans for the construction, purchase, and refinancing of residential owner-occupied and rental properties; and consumer loans, such as secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans. In addition, it provides technology-based services, counting remote deposit capture, online banking, bill pay and treasury, mobile banking, voice response banking, automatic payroll deposit programs, ATMs, product kiosks, and Website.