Dana Q1 Earnings Tops Estimates; Cuts FY22 EPS Outlook
Dana Inc (NYSE:DAN) reported first-quarter FY22 sales growth of 9.6% year-on-year to $2.48 billion, beating the consensus of $2.24 billion. Light vehicle revenue fell 0.6% Y/Y, Commercial vehicles increased 32.7%, Off-Highway climbed 17.2%, and Power Technologies sales were flat. Adjusted EBITDA was $170 million versus $234 million last year. Selling, general and administrative…
Benzinga ·
Benzinga
