Friday 24 July 2015

Dana Announces Second-Quarter 2015 Results, Maintains Margin and Free Cash Flow Guidance

Sales for the quarter were $1.609 billion, $101 million lower compared with the same period in 2014. Foreign currency translation and the divestiture of operations in Venezuela lowered sales by $156 million and $20 million, respectively. Organic growth of $75 million, or 4 percent, driven principally by higher light-vehicle end-market demand and new business gains tempered these impacts.

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