Mexican Media Brands
Dana Posts Sales, Profit Gains
Dana Inc.’s third-quarter net income soared 38% to $95 million, and sales rose 8% to nearly $2 billion.
#economics
Share
Dana Inc.’s third-quarter net income soared 38% to $95 million, and sales rose 8% to nearly $2 billion.
Acquisitions and new contracts contributed to those results. The driveline supplier reports that its operating income in July-September climbed 6% to $147 million. Unfavorable exchange rates, mainly in South America, cut revenue growth by two percentage points.
Dana’s sales and profits through the first nine months of 2018 gained 15% to $6.2 billion and 52% to $327 million, respectively. The company affirms its full-year guidance, which anticipates 12% growth in sales to about $8 billion.
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.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
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.