Dana Estimates Stronger 2011 Earnings

1/11/2012 4:00:00 PM
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Dana Holding Corp. estimated its adjusted 2011 earnings will be well over the previous year’s, and that its 2012 sales will be 5% higher than 2011’s.

Adjusted earnings before interest, taxes, depreciation and amortization will be $765 million, Dana said Tuesday.

Last year’s sales will be about 25% over 2010’s, reaching $7.6 billion, the truck axle and auto components maker said.

Adjusted earnings per share will be about $1.60, compared with a 16-cent loss in 2010.

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

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