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May
5th

Meritor Q2 2016 operating income shrinks a little

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Meritor announced second fiscal quarter (to 31 March 2016) sales of US$821m, down 5% year on year. Operating income was $33m versus $39m and adjusted EBITDA was $81m, compared to $87m. Adjusted EBITDA margin was 9.9% versus 10.1%.
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