Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/25/2012 12:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Dana Swings to First-Quarter Profit

Component maker Dana Holding Corp. reported a first-quarter profit compared with a loss a year ago, as its commercial-vehicle sales unit’s sales jumped.

Net income was $70 million, turning around a loss of $30 million. Adjusted earnings per share were 44 cents, compared with 34 cents a year ago.

Sales rose almost 10% to $1.98 billion, driven primarily by a rise in vehicle production, Maumee-Ohio based Dana said Wednesday.

Sales in its commercial vehicle segment, which makes axles, driveshafts and tire management systems, jumped 16% to $551 million, Reuters reported.

Dana revised its sales growth forecast for the year to 3% or more over 2011.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement