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- Reported quarterly net income of $110 million and year-to-date net income of $148 million
- Posted adjusted EBITDA of $200 million on sales of $2.0 billion
- Achieved adjusted EBITDA margin of 10.2 percent
- Generated free cash flow of $50 million
- Portfolio of fuel-saving technologies continued to expand
MAUMEE, Ohio, Oct. 27, 2011 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) today announced its third-quarter 2011 results. The company recorded third-quarter net income of $110 million, which included a $60 million gain from the sale of interests in two joint ventures to Getrag, and adjusted EBITDA of $200 million; these compared to $46 million and $148 million, respectively, for the prior-year period. Year-to-date net income was $148 million, compared to $24 million in 2010.
Sales for the quarter were $2.0 billion, up nearly 30 percent over the third quarter of 2010. Dana achieved an adjusted EBITDA margin of 10.2 percent, compared to 9.8 percent for the prior-year period. Diluted adjusted earnings per share in the quarter were $0.45, compared to $0.28 in the prior-year period.
Dana generated free cash flow of $50 million during the third quarter. Additionally, the company received $136 million in cash from the sale of joint venture interests to Getrag. Global liquidity remains strong at $1.3 billion.
"Achieving our third-quarter targets reflects disciplined execution of the fundamentals
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| NUP326 NACHI | 130 | 280 | 58 |
| NUP2226E NACHI | 130 | 230 | 64 |