Dana Holding Corporation Reports Earnings Results for the Year 2013; Provides Earnings Guidance for the Year 2014
January 14, 2014 at 10:35 pm IST
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Dana Holding Corporation reported earnings results for the year 2013. The company full year sales totaled about $6.77 billion, generating an adjusted EBITDA of $745 million for a margin of 11%.
The company expect sales for 2014 to be in a range of $6.8 billion to $6.9 billion, reflecting market and currency expectations. The company expected adjusted EBITDA to be in a range of $760 million to $770 million, driving margin improvement to about 11.2%. The company expected diluted adjusted EPS of $1.82 to $1.86 per share on about 179 million of diluted common shares outstanding, which does not factor into account at this time any additional share repurchases in 2014. Capital spending of about $210 million to $230 million that reflects a slightly higher level for new program investment, and The company expects to generate free cash flow of $235 million to $255 million.
Dana Incorporated is engaged in providing power-conveyance and energy-management solutions for vehicles and machinery. The Company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. It offers axles, driveshafts, transmissions, sealing and thermal products to electrifications products including motors, inverters, controllers, e-sealing, e-thermal and digital solutions. The Company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Company owns and have licensed trademarks, such as Spicer Electrified, Victor Reinz, Long, Graziano and Dana TM4. The Company operates in North America, Europe, South America and Asia Pacific regions. Its North America includes Canada, Mexico and United States of America. Its Europe regions include Belgium, Netherlands, Germany and Hungary.
DANA INCORPORATED 
