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15

Feb

Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase

Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase

MAUMEE, Ohio, Feb. 13, 2018 /PRNewswire/

Full-Year Highlights

  • Sales of $7.2 billion, an increase of $1.4 billion, growth of 24 percent
  • Net income attributable to Dana of $111 million; diluted EPS of $0.71, inclusive of $186 million one-time, non-cash charge due to U.S. tax reform
  • Adjusted EBITDA of $835 million, providing a margin of 11.6 percent, an expansion of 30 basis points
  • Diluted adjusted EPS of $2.52, improvement of 30 percent over 2016
  • Operating cash flow of $554 million
  • Free cash flow of $161 million, 160 percent improvement over 2016, including $393 million of capital investment to support new business growth
  • Strong sales backlog of $800 million, an increase of $50 million or 7 percent over prior three-year backlog
  • Two-year total shareholder return of 137 percent

Dana Incorporated (NYSE: DAN) today announced strong financial results for 2017 and affirmed 2018 guidance.

“Due to the talents, dedication, and hard work of the more than 30,000 Dana associates, 2017 proved to be a fantastic year as we delivered both organic and inorganic growth,” said James Kamsickas, Dana president and chief executive officer. “Every year since 2015, we increased adjusted EBITDA, and with appreciation and dividends, our shareholders have realized total returns of more than 130 percent during that time.  By leveraging the key principles of our enterprise strategy, beginning with a keen focus on our great customers, we have established a strong foundation for our future success.”

Read More: https://goo.gl/j7Z1Xs

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