Dana's third-quarter sales soared 30% year-on-year

Dana Holding Company announced the company's third quarter financial report on October 27. The net income and EBITDA were both significantly higher than the same period of last year.

Third-quarter sales were $2 billion, up 30% year-on-year; net income was $110 million; adjusted interest before tax, depreciation and amortization was $200 million; diluted earnings per share was $0.45, compared to the same period last year ($0.28 ) Increased. The free cash flow generated in the third quarter was 50 million U.S. dollars and the global current assets were maintained at 1.3 billion U.S. dollars.

In addition, Dana revised its profit target for the full year. The previous expectation was that the profit before interest, tax, depreciation and amortization was between 765 million and 785 million U.S. dollars. Now it is about 780 million U.S. dollars, and the diluted earnings per share is 1.65 to. $1.70.