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Dana’s Adjusted Quarterly Profit Jumps
Dana Holding Corp.'s net earnings in the fourth quarter of 2014 soared 81% to $68 million after adjusting for special items.
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Dana Holding Corp.'s net earnings in the fourth quarter of 2014 soared 81% to $68 million after adjusting for special items.
Quarterly revenue for the supplier of powertrain, sealing and thermal management products slipped 3% to $1.6 billion. When adjusted for currency effects, sales rose 4%. Adjusted EBITDA rose $4 million to $178 million.
For the full year, Dana's net income climbed 31% to $319 million. Revenue dipped 2% to $6.6 billion on unfavorable currency effects. Adjusted EBITA was unchanged at $746 million.
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