Troy, Michigan-based Meritor's attributable net income for the quarter rose to $31 million or $0.32 per share from $2 million or $0.02 per share in the prior-year quarter.
Meritor said revenues grew 29 percent to $1.22 billion from $941 million last year, driven by continued strength in truck demand with all segments contributing to the growth.
The commercial truck business, Meritor's largest by revenues, improved to $768 million from $547 million last year, fueled by higher volume in all regions. Sales from the smaller Industrial and Aftermarket & Trailer segments also advanced from last year.
Selling, general and administrative expenses for the quarter dropped to $66 million from $74 million last year.
Looking forward to full year 2012, the company expects to generate revenues of $4.8 billion, but analysts currently estimate revenues of $5.34 billion for the full year 2012.