Meritor, Inc. reported unaudited consolidated financial results for the first fiscal quarter ended Dec. 31, 2017. For the first quarter, the company reported sales of $903 million compared to $699 million a year ago. Net loss attributable to the company of $36 million compared to profit of $15 million a year ago and net loss from continuing operations attributable to the company of $35 million. Diluted loss per share from continuing operations of $0.40. Adjusted income from continuing operations attributable to the company of $55 million, or $0.62 per adjusted diluted share. Adjusted EBITDA of $99 million compared to $64 million a year ago. Adjusted EBITDA margin of 11.0%. Cash flow used for operating activities in the first quarter of fiscal year 2017 was $33 million compared to $14 million in the same period a year ago. Operating income was $70 million against $33 million a year ago. Income before income taxes was $50 million against $22 million a year ago. Capital expenditures were $18 million against $17 million a year ago.

The company's guidance for fiscal year 2018, the company expects revenue to be in the range of $3.8 billion to $3.9 billion. Net income attributable to the company and net income from continuing operations attributable to the company to be in the range of $120 million to $130 million (diluted earnings per share of $1.30 to $1.40). Adjusted EBITDA margin to be in the range of 11.0% to 11.2%. Adjusted diluted earnings per share from continuing operations to be in the range of $2.50 to $2.70. Operating cash flow to be in the range of $210 million to $225 million. Free cash flow to be in the range of $110 million to $125 million.