Company Overview of Dana Holding Corporation
Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-management products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies. The Light Vehicle Driveline Technologies segment offers front axles, rear axles, driveshafts, differentials, torque couplings, and modular assemblies for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Driveline Technologies segment provides Steer and drive...
3939 Technology Drive
Maumee, OH 43537
Founded in 1904
Key Executives for Dana Holding Corporation
Chief Executive Officer, President, Director and Member of Strategy Board
Total Annual Compensation: $1.0M
Chief Financial Officer, Executive Vice President and Member of Strategy Board
Total Annual Compensation: $615.0K
Executive Vice President of Dana, Member of Strategy Board and Group President - On-Highway Driveline Technologies
Total Annual Compensation: $565.0K
Member of Strategy Board and President of Off-Highway Technologies
Total Annual Compensation: $460.0K
Chief Administrative Officer and Member of Strategy Board
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2014.
Dana Holding Corporation Key Developments
Dana Holding Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015
Jul 23 15
Dana Holding Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s net sales were $1,609 million compared with $1,710 million a year ago. Income from continuing operations before income taxes was $97 million against $119 million a year ago. Income from continuing operations was $63 million or $0.36 per diluted share against $92 million or $0.50 per diluted share reported last year. Net income available to common stockholders was $59 million or $0.36 per diluted share against $84 million or $0.49 per diluted share a year ago. Net cash provided by operating activities was $148 million against $192 million a year ago. Purchases of property, plant and equipment was $60 million against $59 million reported last year. Adjusted EBITDA was $180 million against $205 million reported last year. Adjusted net income was $79 million or $0.48 per diluted share against $101 million or $0.58 per diluted share reported last year. Foreign currency translation and the divestiture of operations in Venezuela lowered sales.
For the six months, the company’s net sales were $3,217 million compared with $3,398 million a year ago. Income from continuing operations before income taxes was $201 million against $190 million a year ago. Income from continuing operations was $137 million or $0.74 per diluted share against $130 million or $0.70 per diluted share reported last year. Net income available to common stockholders was $122 million or $0.74 per diluted share against $115 million or $0.68 per diluted share a year ago. Net cash provided by operating activities was $128 million against $223 million a year ago. Purchases of property, plant and equipment was $122 million against $126 million reported last year. Adjusted EBITDA was $356 million against $370 million reported last year. Adjusted net income was $162 million or $0.98 per diluted share against $158 million or $0.90 per diluted share reported last year.
Due to the demand environment in South America, the company is lowering full-year 2015 sales and earnings targets. The company is maintaining its full-year margin expectations due to continued strong performance in most business segments and improving performance in its North American Commercial Vehicle Driveline segment, which will benefit from the completion the past quarter of its supply-chain initiatives: Sales of $6.2 to $6.3 billion; Adjusted EBITDA of $720 to $730 million; Adjusted EBITDA as a percent of sales of approximately 11.7%; Diluted adjusted EPS will be approximately $2.00 to $2.10 (excluding the impact of share repurchases after June. 30, 2015); Capital spending will be $290 to $300 million; and free cash flow will be $190 to $220 million.
Dana Holding Corporation Announces Executive Changes
Jul 13 15
Dana Holding Corp. has named James K. Kamsickas to be president and chief executive officer of the company, effective Aug. 11, 2015. Mr. Kamsickas has held the same position at global automotive supplier International Automotive Components (IAC) Group since 2012, after serving as CEO and President, North America and Asia, since 2007, when the company was established.? He will also serve as a director of Dana. Mr. Kamsickas, 48, succeeds Roger J. Wood, who in January announced his plans to retire. Mr. Wood will continue as a member of the company's board of directors through a transition period.
Dana Holding Corporation to Report Q2, 2015 Results on Jul 23, 2015
Jul 6 15
Dana Holding Corporation announced that they will report Q2, 2015 results at 9:00 AM, US Eastern Standard Time on Jul 23, 2015
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