Dana Incorporated Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 30, 2021 at 11:18 am EDT
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Dana Incorporated announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 2,205 million compared to USD 1,078 million a year ago. Net income was USD 53 million compared to net loss of USD 174 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to basic loss per share from continuing operations of USD 1.2 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to diluted loss per share from continuing operations of USD 1.2 a year ago. For the half year, sales was USD 4,468 million compared to USD 3,004 million a year ago. Net income was USD 124 million compared to net loss of USD 116 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to basic loss per share from continuing operations of USD 0.8 a year ago.
Dana Incorporated is engaged in providing power-conveyance and energy-management solutions for vehicles and machinery. The Company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. It offers axles, driveshafts, transmissions, sealing and thermal products to electrifications products including motors, inverters, controllers, e-sealing, e-thermal and digital solutions. The Company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Company owns and have licensed trademarks, such as Spicer Electrified, Victor Reinz, Long, Graziano and Dana TM4. The Company operates in North America, Europe, South America and Asia Pacific regions. Its North America includes Canada, Mexico and United States of America. Its Europe regions include Belgium, Netherlands, Germany and Hungary.
DANA INCORPORATED 
