2/3/2021

speaker
Michelle
Conference Operator

Ladies and gentlemen, thank you for standing by and welcome to the first quarter 2021 Meritor, Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star, then zero. I would now like to hand the conference over to one of your speakers today, Dr. Todd Chirillo, Senior Director of Investors. Sir, please go ahead.

speaker
Carl Anderson
Senior Vice President and Chief Financial Officer

Thank you, Michelle. Good morning, everyone, and welcome to Meritorious First Quarter Fiscal Year 2021 Earnings Call. On the call today, we have Jay Craig, CEO and President, Chris Villa-Varion, Executive Vice President and Chief Operating Officer, and Carl Anderson, Senior Vice President and Chief Financial Officer, all of whom will be available for questions following the call. The slides accompanying today's call are available at Meritor.com. We'll refer to the slides in our discussion this morning. The content of this conference call, which we're recording, is the property of Meritor Inc. It is protected by U.S. and international copyright law and may not be rebroadcast without the express written consent of Meritor. We consider your continued participation to be your consent to our reporting. Our discussion may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Let me now refer you to slide two for a more complete disclosure of the risks that could affect our results. To the extent we refer to any non-GAAP measures in our call, you'll find a reconciliation to GAAP in the slides on our website. Now, I'll turn the call over to Jay.

speaker
Jay Craig
Chief Executive Officer and President

Thanks, Todd. Good morning, everyone. Let's turn to slide three. As you can see from our results this quarter, we're off to a tremendous start for the year. I want to thank Meritor employees for the excellent performance. Regardless of the environment, this team exceeds expectations as demonstrated last year and right out of the gate in fiscal 2021. Our Class 8 truck orders in North America, our largest market, rose to the fourth and fifth highest months in history. In November and December, we executed exceedingly well, as you will hear from Chris and Carl. In fact, with truck volumes materially rising in almost all our end markets, we are raising our full year outlook significantly. This 2021 rebound provides us with increased confidence and a clear path to 2022 objectives, particularly because we believe that some of this year's headwinds will become tailwinds next year as we complete our current M plan. At the same time, we are investing in the revolutionary technologies we are bringing to market. These technologies will give commercial vehicle OEMs optimal solutions to meet regional CO2 reduction targets and will also provide a host of other benefits. At this point, I will turn the call over to Chris for highlights from the quarter and come back later for closing comments. Thanks, Jay.

Disclaimer

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Investor presentation