BusinessJuly 29, 1996
BUSINESS MEMO: DANA POSTS RECORD SALES
Dana Corp., buoyed by the continued popularity of light trucks and sport utility vehicles, posts record sales and earnings during the second quarter, ending June 30. Sales for the quarter were a record $2.02 billion, reflecting a 3 percent increase in sales, This marked the first time Dana's sales have topped $2 billion in a single quarter. International sales were up 7 percent, and U.S. sales were up 1 percent...
Dana Corp., buoyed by the continued popularity of light trucks and sport utility vehicles, posts record sales and earnings during the second quarter, ending June 30.
Sales for the quarter were a record $2.02 billion, reflecting a 3 percent increase in sales, This marked the first time Dana's sales have topped $2 billion in a single quarter. International sales were up 7 percent, and U.S. sales were up 1 percent.
Receive Daily Headlines FREESign up today!
Net income for the quarter was $91.5 million, up 3 percent. Earnings per share were 90 cents compared to 88 cents during the same quarter a year ago.
The local Dana facility is the 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 aftermarkets.
Story Tags
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.
Advertisement
Receive Daily Headlines FREESign up today!
