ArvinMeritor Inc. expected to Report Q1 2010 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 11, 2009).

ArvinMeritor Inc. announced that the board of directors has elected Carsten Reinhardt to the position of senior vice president and chief operating officer. Also elected executive officers of ArvinMeritor are Tim Bowes, appointed vice president and president, Industrial, and Joe Mejaly, named vice president and president, Aftermarket & Trailer. All appointments were effective on Nov. 6, 2009. As COO, Reinhardt is responsible for the overall global management of ArvinMeritor's Commercial Truck, Industrial, and Aftermarket & Trailer business segments. Reinhardt will continue to report to ArvinMeritor's Chairman, CEO and President Chip McClure. Prior to this appointment, Reinhardt was senior vice president and president of the company's Commercial Vehicle Systems (CVS) business group since joining the company in 2006. Before joining ArvinMeritor, Reinhardt was the president and CEO of Detroit Diesel Corp. Tim Bowes has been appointed vice president and president of ArvinMeritor's Industrial group, and elected an executive officer. In this role, Bowes is responsible for managing all aspects of the company's business in off-highway, military, construction, bus and coach, fire and emergency, and other industrial applications. Additionally, Bowes will have responsibility for the company's business in Asia Pacific, including all on-and off-highway activities. He is located in Shanghai, China, and will continue to report directly to Reinhardt. Joe Mejaly has been appointed vice president and president of ArvinMeritor's Aftermarket & Trailer group, and has been elected an officer of the company. He will also continue to report to Reinhardt. He is also responsible for developing and growing ArvinMeritor's remanufacturing business which acquired two significant new companies in 2009 including Mascot Truck Parts and TruckTechnic. Mejaly will continue to lead ArvinMeritor's global trailer business.

ArvinMeritor Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended September 30, 2009. For the quarter, the company posted sales of $984 million, down 36% from $1.53 billion in the same period last year. This decrease in sales was primarily due to continued weakness in the global markets. EBITDA from continuing operations (which excludes the wheels business), before special items, was $40 million compared to $87 million in the fourth quarter of fiscal year 2008. EBITDA from continuing operations, before special items, increased 43% in the fourth quarter of fiscal year 2009 from the third quarter of fiscal year 2009. Loss from continuing operations, on a GAAP basis, was $49 million or $0.68 per diluted share, compared to a loss from continuing operations of $160 million or $2.22 per diluted share in the prior year. Loss from continuing operations during the fourth quarter of fiscal year 2009, before special items, was $20 million, or $0.28 per diluted share, compared to income from continuing operations, before special items, of $26 million, or $0.35 per diluted share, a year ago. The loss from continuing operations, before special items, was driven by incremental tax expenses during the quarter due to the inability to recognize the tax benefit of losses in certain countries. Operating income was $12 million and loss before income taxes was $2 million against operating income of $30 million and income before income taxes of $23 million a year ago. Cash provided by continuing operations was $27 million compared to $127 million for the same period in 2008. Capital expenditure was $17 million compared to $48 million for the same period in 2008. For the fiscal year 2009 the company's sales from continuing operations were $4.1 billion, down 36% from fiscal year 2008 of $6.4 billion. On a GAAP basis, net loss was $1,212 million or a loss of $16.72 per diluted share in fiscal year 2009. On a GAAP basis, loss per diluted share from continuing operations was $14.86 in fiscal year 2009 compared to a loss of $1.60 per diluted share in fiscal year 2008. Loss per share from continuing operations, before special items, was $1.32 per diluted share in fiscal year 2009, compared to income from continuing operations, before special items, of $1.11 per diluted share in fiscal year 2008. Operating loss was $290 million and loss before income taxes was $361 million against operating income of $135 million and income before income taxes of $93 million a year ago. Cash used in operating activities was $295 million compared to cash provided by operating activities of $163 million for the same period in 2008. Capital expenditure was $111 million compared to $138 million for the same period in 2008. Loss from continuing operations was $1.08 billion compared to $115 million for the same period in 2008. The company's financial guidance for the first quarter of fiscal year 2010 is for expected results from continuing operations, which includes all four of the company's current segments. For the first quarter of fiscal year 2010 (compared to the fourth fiscal quarter of 2009), the company anticipates revenue, EBITDA, before special items, and income before taxes, before special items to be higher. In addition, on an absolute basis, the company anticipates free cash flow, before factoring and restructuring, to be slightly negative. For fiscal year 2010, the company expects capital expenditures in the range of $90 million to $110 million.