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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.
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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.
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