Mexican Media Brands
Dana’s Adjusted Sales, Earnings Rise
Powertrain components supplier Dana Inc. reports its sales, excluding unfavorable exchange rates, climbed 14% to $1.7 billion in the third quarter.
#economics
Share
Powertrain components supplier Dana Inc. reports its sales, excluding unfavorable exchange rates, climbed 14% to $1.7 billion in the third quarter. Net income, adjusted to ignore a one-time tax allowance last year, rose 32% to $157 million.
On an unadjusted basis, the company’s quarterly sales and net income dropped 6% and 52%, respectively. Adjusted earnings before interest, taxes, depreciation and amortization in July-September advanced by $1 million to $168 million.
Dana’s third-quarter sales of light-vehicle driveline components rose 4% to $631 million. The company’s commercial vehicle and off-highway driveline operations saw their sales fall 20% to $294 million and 19% to $199 million, respectively.
Dana affirms its full-year guidance for sales of $5.8 billion, adjusted EBITDA of $655 million and a capital spending budget of $320 million.
RELATED CONTENT
-
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 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 the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .