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1/11/2012 4:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Dana Estimates Stronger 2011 Earnings, Sales

Dana Holding Corp. estimated its adjusted 2011 earnings will be higher than the previous year, and that its 2012 sales will be at least 5% over 2011.

Adjusted earnings before interest, taxes, depreciation and amortization will be $765 million,  Dana said Tuesday, up from a comparable EBITDA of $553 million in 2010.

Sales for 2011 will be about 25% over 2010, reaching $7.6 billion, the truck axle and auto components maker said.

Adjusted earnings per share for 2011 will be about $1.60, the company said, revising an October forecast of $1.65 of $1.70 per share, the Associated Press reported.

For 2012, Dana projects adjusted EBITDA of $845 million to $865 million, with adjusted earnings per share of $1.95 to $2.05.

By Transport Topics

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