For the first quarter of fiscal year 2013, Meritor posted sales of $891 million, down 23% from the same period last year. Meritor says the decrease was primarily due to lower sales in global markets.
For the period ended Dec. 31, Meritor lost $21 million. That compares with a loss of $22 million a year earlier. Excluding restructuring charges, Meritor’s loss from continuing operations was 11 cents per share.