ArvinMeritor reported a $12 million profit for its 2010 fiscal year, which ended Sept. 30, compared to a loss of about $1.2 billion the previous year.
The company reported a $2 million in net income for its fiscal fourth quarter, compared to a net loss of $14 million in the prior year’s fourth quarter. Sales were $956 million, up $259 million or 37 percent, from the same period last year.
Fourth-quarter sales of $956 million were up 37 percent from the same period last year. This increase in sales was primarily due to stronger truck demand in Europe and the Americas. As compared to the third quarter of fiscal year 2010, sales in the fourth quarter were slightly lower.
Commercial Truck sales were $547 million, up $222 million from the same period last year. EBITDA for the Commercial Truck segment was $32 million for the quarter, up from $1 million in the fourth quarter of fiscal year 2009, primarily driven by higher sales.
The Aftermarket Trailer segment posted sales of $252 million, up $33 million from the same period last year. EBITDA for Aftermarket Trailer was $17 million, down $1 million from the fourth quarter of fiscal year 2009. The favorable impact of higher on-highway aftermarket sales was more than offset by a decrease in Mine Resistant Ambush Protected (MRAP) service parts which benefited the prior year.
Printer Friendly Version
Email This Story
Supplier News: Related News
11/18/2010 – ArvinMeritor Posts Profit
ArvinMeritor reported a $12 million profit for its 2010 fiscal year, which ended Sept. 30, compared to a loss of about $1.2 billion the previous year….
11/16/2010 – Bridgestone Bandag to Relocate Headquarters
Bridgestone Americas plans to relocate members of its senior management team and other functions of its Muscatine, Iowa-based Bridgestone Bandag Tire Solutions operations to locations in the Nashville, Tenn., area, including BSAM’s headquarters facility in Nashville….
11/16/2010 – Daimler Financial Changes Name
Daimler Financial Services announced that it changed its legal entity name to Mercedes-Benz Financial Services USA LLC….
11/10/2010 – Freightliner Custom Chassis Earns EPA WasteWise Award
Freightliner Custom Chassis Corp. and its Zero Waste to Landfill program recently received the 2010 WasteWise Gold Achievement Award for Waste Reduction in the Workplace…
11/10/2010 – FleetPride Announces Arkansas, Missouri Acquisitions
FleetPride continues to grow with strategic Arkansas and Missouri acquisitions….
11/9/2010 – Pressure Systems International Reports Record Sales Through Third Quarter
Pressure Systems International, the manufacturer of the Meritor Tire Inflation System by PSI, reported record sales through the third quarter of 2010….
11/9/2010 – More Than 400 Added at Lift Truck Manufacturing Facilities
NACCO Materials Handling Group, the makers of Yale and Hyster lift trucks, announced the addition of 401 workers for the company’s Sulligent, Ala., Berea, Ky., Ramos Arizpe, Mexico, and Greenville, N.C., lift truck manufacturing facilities….
11/9/2010 – PeopleNet, Trinium Team Up to Offer Intermodal Products
PeopleNet announced a partnership with Trinium Technologies, provider of an enterprise management system for domestic intermodal and international container operations. …
11/5/2010 – 3Q Sales Climb 26% at Supreme; Backlog Up 44%
Supreme Industries Inc., a manufacturer of specialized commercial vehicles, said its net sales for 2010’s third quarter rose 26 percent …
11/5/2010 – Navistar Shipping Many Trucks As It Prepares to Certify Its 13-Liter Diesel to Absolute 2010 Limits
Navistar International says it has built and shipped about 17,000 vehicles to U.S. and Canadian customers in the past quarter, more than 15,000 of them with EPA-compliant 2010 diesels….
11/5/2010 – Optronics Sells Panelite Truck Accessories Brand to Dieter’s
Optronics International has sold the Panelite custom stainless steel truck accessory brand and intellectual property to Dieter’s Accessories of Waterloo, Ont., Canada, but will retain the Millennium Series lighting portion of the well known brand….
11/3/2010 – Minimizer to Open New World Headquarters Early 2011
Minimizer, which has experienced considerable growth during that past 25 years, will open a new headquarters early next year, which also will allow it to expand its manufacturing capacity….
11/2/2010 – Bridgestone Announces Price Increase
Bridgestone Americas Tire Operations announced price increases in the U.S. effective Nov. 1….
11/2/2010 – Horton, Kit Masters Settle Suits; One Remains
Horton Inc. and Kit Masters have reached an agreement to settle their pending litigation against each other regarding engine fan-drive products….
11/1/2010 – Navistar, UAW Approve New Labor Agreement
UAW-represented employees at Navistar have ratified a new four-year labor agreement….
11/1/2010 – Navistar to Establish Testing and Validation Center in Melrose Park
Navistar International says it will locate a new testing and validation center in Melrose Park, Ill., at a facility that has been part of Navistar’s history for nearly 65 years….
10/29/2010 – Paccar Announces Improved 3Q Revenues and Earnings, Touts Success of MX Diesel
Paccar Inc. had improved revenues and net income for the third quarter of 2010, with results led by higher truck and parts sales and improving profits in worldwide financial services…
10/29/2010 – Kenworth, Hino Rank High in J.D. Powers Midrange Truck Survey; So Do Kept Service Promises
Kenworth and Hino topped J.D. Power and Associates’ 2010 U.S. Medium-Duty Truck Customer Satisfaction Study. The research firm also reported that overall service satisfaction among truck owners declines considerably if their trucks are not ready when promised. …
10/29/2010 – Donaldson Plans to Grow Liquid Filtration
Donaldson Co. announced it is making organizational changes and capital investments to accelerate growth in its liquid filtration product lines….
10/28/2010 – Eaton’s Earnings Up; Expects Truck Markets to Continue to Improve
Eaton Corp. announced net income per share of $1.57 for the third quarter of 2010, an increase of 38 percent from net income per share of $1.14 in the third quarter of 2009….
10/27/2010 – Mack Opens Allentown Customer Center to Showcase Product, Brand and History
Mack Trucks Inc. officially opened the doors to a new Mack Customer Center during the company’s World Sales Conference, which is expected to draw 1,000 dealer people here October 26-28. …
10/27/2010 – Cat to Unveil New Vocational Truck at ConExpo
Caterpillar says it will unveil the first model of its Cat Vocational Truck series, the CT660, at ConExpo in Las Vegas in March 2011….
10/27/2010 – Mack Has Natural Gas Option for TerraPro Cabover
Mack Trucks, Inc. introduced a natural gas-powered version of its TerraPro heavy low-cabover model for refuse and construction applications….
10/22/2010 – Class Action Lawsuit Alleges Eaton-Truck Maker Conspiracy
A class action lawsuit accuses truck makers of conspiring with Eaton to help Eaton maintain a monopoly in the Class 8 truck transmission market, forcing up the price of trucks containing Eaton transmissions….
10/22/2010 – TSC Group Acquires Barjan, ETW
TSC Group LLC, which markets and distributes consumer brand products to retailers, travel centers, and truckstops, announced it is buying Barjan, which distributes consumer products to travel centers, truckstops, and convenience stores….
10/21/2010 – Harbour Group to Sell Lincoln Holdings to Sweden’s SKF Group
The Harbour Group has entered into an agreement to sell Lincoln Holdings Enterprises Inc. to the Sweden-based SKF Group for $1 billion in cash….
10/21/2010 – Xtra Lease Goes One-Way with Fleet Rebalance Effort
Xtra Lease is turning to fleets and shippers to assist with a fleet balance issue: free use of its eastern-based dry vans when dropped off in California….
10/21/2010 – Great Dane Resumes Production at Jonesboro, Arkansas Plant
Great Dane Trailers has reopened its Jonesboro, Ark., plant in response to a boost in dry freight demand….
10/20/2010 – Bridgestone To Discontinue Dayton Line of Truck Tires
Bridgestone Bandag Tire Solutions (BBTS), a division of Bridgestone Americas Tire Operations says it will discontinue sales of its Dayton brand truck and bus radial tire line…
10/19/2010 – Mack and Volvo Reaffirm Sponsorship for America’s Road Team
Volvo Trucks North America and Mack Trucks Inc. have both signed on as exclusive OE sponsors of ATA’s America’s Road Team for 2011….