Mexican Media Brands
Dana Posts Best Results in 8 Years
Dana Inc. says its 2018 sales and earnings are the best since the company emerged from bankruptcy protection in 2008.
#economics
Share
Dana Inc. says its 2018 sales and earnings are the best since the company emerged from bankruptcy protection in 2008.
The Ohio-based driveline, sealing and thermal management supplier reports that its revenue last year climbed 13% to $8.1 billion. Net income nearly quadrupled to $427 million. Both results are record highs.
Fourth-quarter results saw revenue grow 7% to $2 billion. Net income for the period swung to a $100 million gain from a $104 million loss in the same period in 2017. Th 2017 loss was due to a one-time adjustment related to changes in U.S. corporate tax rules.
Dana predicts its revenue this year will expand by as much as $1 billion. The company expects its adjusted earnings before interest, taxes, depreciation and amortization will reach at least $995 million compared with $957 million in 2018.
RELATED CONTENT
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
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.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.