ArvinMeritor Reports Q1 EPS of $(0.10) vs. $0

ArvinMeritor, Inc. ARM today reported financial results for its first fiscal quarter ended Dec. 31, 2010. Sales were $971 million, up $171 million or 21 percent, from the same period last year. Loss from continuing operations, on a GAAP basis, was $9 million or $0.10 per diluted share, compared to a loss from continuing operations of $4 million or $0.06 per diluted share in the prior year. Adjusted EBITDA was $62 million, up $11 million or 22 percent from the same period last year. Cash flow from operations was negative $49 million in the first quarter of fiscal year 2011, compared to positive $27 million in the same period last year.