Meritor, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2013. For the quarter, the company reported sales of $907 million compared to $891 million a year ago. Operating income was $42 million compared to $14 million a year ago. Income before income taxes was $23 million compared to loss of $6 million a year ago. Net income from continuing operations was $13 million or $0.11 per diluted share compared to loss of $16 million or $0.17 per diluted share a year ago. Net income attributable to company was $11 million or $0.11 per diluted share compared to loss of $21 million or $0.22 per diluted share a year ago. Adjusted EBITDA was $70 million compared to $46 million a year ago. Cash used in operating activities was $4 million compared to $91 million a year ago. Capital expenditures were $12 million compared to $15 million a year ago. Adjusted income from continuing operations were of $12 million or $0.12 per diluted share compared to loss of $11 million or $0.11 per diluted share a year ago.

The company is reaffirming guidance for fiscal year 2014 as follows: Revenue to be approximately $3.7 billion. Adjusted EBITDA margin will be approximately 7.5%. Adjusted earnings per share from continuing operations will be in the range of $0.30 to $0.40. Total free cash flow will be about breakeven to $25 million. Capital expenditures will be in the range of $80 million to $90 million. Interest expense will be in the range of $105 million to $115 million.