Mexican Media Brands
Dana Posts Another Revenue Record
Powertrain components supplier Dana Inc. says its revenue in January-March advanced 1% to $2.2 billion, enough to mark the Ohio-based company’s 10th straight record quarter.
#economics
Share
Powertrain components supplier Dana Inc. says its revenue in January-March advanced 1% to $2.2 billion, enough to mark the Ohio-based company’s 10th straight record quarter.
But one-time costs related to acquisitions caused adjusted net income for the period to slide 9% to $98 million.
Dana affirms its full-year guidance, which anticipates revenue of about $9.2 billion and adjusted earnings before interest, taxes, depreciation and amortization of about €1.1 billion.
Last year the company posted record revenue of $8.1 billion, record adjusted EBITDA of $957 million and a net income of $427 million.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.