Home > News Releases > Dana Incorporated increases guidance for full year 2018

Dana Incorporated increases guidance for full year 2018

  • Sales guidance increased by $300 million to $7.75 to $8.05 billion
  • Adjusted EBITDA guidance increased by $45 million to $950 to $1,010 million
  • Margin guidance increased by 10 basis points for implied adjusted EBITDA margin of approximately 12.4 percent
  • Diluted adjusted EPS1 guidance increased by 15 cents per share to $2.75 to $3.05

Dana Incorporated announced it is raising its 2018 full-year guidance.

Strengthening end-market demand, most notably in off-highway and commercial vehicle, combined with benefits from currency translation are driving an additional 4 percent increase in expected sales growth in 2018 compared with the company’s prior full-year target.  Due to the improved market conditions combined with sales from the new business backlog, 2018 sales are now expected to grow by 10 percent, or approximately $700 million, compared with 2017.

Adjusted EBITDA for 2018 is now expected to increase by approximately $145 million, or 80 basis points of margin improvement, when compared with 2017.  The revised target is a $45 million dollar or 5 percent increase, compared with the company’s prior full-year guidance, and represents 10 basis points of margin improvement.  This margin improvement is driven by conversion on higher sales and overachievement of the synergy plan.

“Our continued strong financial performance, driven by our organic and inorganic sales growth and the execution of our synergy plan related to recent acquisitions, has provided us with increased confidence in our outlook for 2018 – and further solidified our trajectory toward achieving our long-term targets,” said Jonathan Collins, executive vice president and chief financial officer of Dana.

Updated 2018 Full-year Financial Targets

  • Sales of $7.75 to $8.05 billion;
  • Adjusted EBITDA of $950 to $1,010 million, an implied adjusted EBITDA margin of approximately 12.4 percent;
  • Diluted adjusted EPS1 of $2.75 to $3.05;
  • Operating cash flow of approximately 7.5 percent of sales;
  • Capital spending of approximately 4.0 percent of sales; and
  • Free cash flow of approximately 3.5 percent of sales.

1Net income and diluted EPS guidance are not provided, as discussed below in Non-GAAP Financial Information.

Dana to Host Investor Forum at 7:30 a.m. EDT Today
Dana has added audio conference capabilities for institutional investors to participate in the investor forum.  U.S. and Canadian locations should dial 1-888-311-4590 and international locations should call 1-706-758-0054.  Please enter conference I.D. 6295605 and ask for the “Dana’s Investor Forum.”  Phone registration will be available starting at 7:15 a.m. EDT.   Slides will be posted to Dana’s investor website: .

An audio recording of the webcast will be available after 5:30 p.m. EDT on March 19 by dialing 1-855-859-2056 (U.S. or Canada) or 1-404-537-3406 (international) and entering conference I.D. 6295605.

*Greenstreetsoftware.info is not responsible for the content of this news release.
еще по теме

nl.ua/ru/hoztovary/kuhnya/kovshi

здесь