BusinessMay 1, 2000
BUSINESS MEMO: DANA EARNINGS
Dana Corp. has announced record sales and profits for the first quarter of 2000. The Dana financial report shows first-quarter sales of $3.5 billion, up 2 percent from the first quarter of 1999. Net income increased to $245 million, and earnings per share increased to $1.54 a share, compared to $162 million and 97 cents a share a year ago...
Dana Corp. has announced record sales and profits for the first quarter of 2000.
The Dana financial report shows first-quarter sales of $3.5 billion, up 2 percent from the first quarter of 1999. Net income increased to $245 million, and earnings per share increased to $1.54 a share, compared to $162 million and 97 cents a share a year ago.
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Excluding the non-recurring costs, net income for the quarter was $195 million and earnings per share were $1.17.
The local Dana facility is Spicer Axle Division in Cape Girardeau.
Dana is a leading global supplier of original equipment components to vehicular, industrial and mobile off-highway markets and their related after-markets.
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