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Auto parts supplier Dana highlights Q2 results
Second-quarter highlights include:
- Sales of $2,333 million, a 2-percent increase compared to 2007, primarily because of currency effects;
- Net loss of $140 million, including an $82 million non-cash impairment charge. This compares to a net loss of $133 million in the second quarter of 2007;
- Earnings before interest, taxes, depreciation, amortization, and restructuring (EBITDA) of $128 million, compared with $143 million in 2007;
- Strong cash balance of $1.2 billion and total liquidity of $1.6 billion at June 30, 2008; and
- Free cash flow of $38 million.
- Sales of $2,333 million, a 2-percent increase compared to 2007, primarily because of currency effects;
- Net loss of $140 million, including an $82 million non-cash impairment charge. This compares to a net loss of $133 million in the second quarter of 2007;
- Earnings before interest, taxes, depreciation, amortization, and restructuring (EBITDA) of $128 million, compared with $143 million in 2007;
- Strong cash balance of $1.2 billion and total liquidity of $1.6 billion at June 30, 2008; and
- Free cash flow of $38 million.
