Dana Inc. raised its 2018 sale outlook to $7.75 billion to $8.05 billion, above the FactSet consensus of $7.69 billion, citing strengthening demand in off-highway and commercial vehicles. The engineering components and machinery company raised its adjusted earnings-per-share guidance to $2.75 to $3.05, surrounding the FactSet consensus of $2.85, and boosted its margin guidance by 0.10 percentage points to 12.4%. “Our continued strong financial performance, driven by our organic and inorganic sales growth and the execution of our synergy plan related to recent acquisitions, has provided us with increased confidence in our outlook for 2018 – and further solidified our trajectory toward achieving our long-term targets,” said Chief Financial Officer Jonathan Collins. The stock was indicated up over 1% in premarket trade. It has tumbled 18.5% over the past three months through Friday, while the S&P 500 has gained 2.6%.
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