Dana Reports FY16 Sales In Line With Street

Dana Inc. said pre-market Tuesday that FY16 preliminary sales approximated $5.8 billion, down about 4% from a year earlier but about in line with the $5.77 billion consensus compiled by Capital IQ.

For FY17, the supplier of drivetrain and sealing technologies expects adjusted EPS of $1.75 to $1.85 on revenues of $5.8 billion to $6.0 billion, shy of the consensus for $1.87 on EPS and $6.03 billion on revenues.

Including the acquisition of Brevini Group’s power-transmission and fluid power businesses, Dana expects FY17 adjusted EPS of $1.85 to $1.95 per share on revenues of $6.2 billion to $6.4 billion.

Leave a Comment