Sales up slightly for Dana Holding Corp. in 4th quarter

2/20/2014

Sales rose slightly for Dana Holding Corp. in the fourth quarter to $1.62 billion on stronger demand from light and commercial vehicle customers. 

Dana's net income fell to $42 million from $88 million in 2012; however, the 2012 results included a one-time tax benefit of $54 million. Dana's fourth quarter earnings translated to 23 cents per share, down from 41 cents per share in the fourth quarter of 2012.

Shares of the company's stock opened the day up 3 percent and in early trading were up as much as 6 percent. 

For the year, Dana said net sales were $6.8 billion, down from $7.2 billion in 2012.