Dana Incorporated Provides Earnings Guidance for the Year 2017
January 10, 2017 at 12:00 pm
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Dana Incorporated provided earnings guidance for the year 2017. For the year, the company expected sales of $5.8 to $6.0 billion, or $6.2 to $6.4 billion, including the acquisition. Adjusted EBITDA of $660 to $690 million, or $695 to $725 million, including the acquisition. Adjusted EBITDA as a of sales of 11.3% to 11.5%. Diluted adjusted EPS of $1.75 to $1.85, or $1.85 to $1.95, including the acquisition. Capital spending of $340 to $360 million, or $350 to $370 million, including the acquisition. Free cash flow of $50 to $70 million, or $60 to $80 million, including the acquisition.
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 
