Loading…
Sunday, November 23, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 7/28/2011

Dana, Libbey report profit increases

BLADE STAFF

Dana Holding Corp. said Thursday it had a second-quarter profits of $61 million, or 32 cents a share, up from the $1 million profit, or less than one penny a share for the same period last year.

The Maumee automotive supplier said it had sales for the quarter of $1.9 billion, up 25 percent from the $1.5 billion a year earlier.

In addition, Dana announced that it had signed agreements to divest its interests in two joint ventures to Getrag Corp. in return for $136 million in cash.

Toledo tableware manufacturer Libbey Inc. Thursday reported second-quarter profits of $15.4 million, or 74 cents a share, up 61 percent from the $9.6 million, or 47 cents a share, from the same period a year ago.

The company said it had sales for the quarter of $214 million, up 5 percent from the $203 million a year ago.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories









Poll