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.