Dana’s revenue rose 6 percent to $2.75 billion, a gain attributed to higher market demand, cost-recovery actions and conversion of the company’s sales backlog. Free cash flow was down 19.8 percent to $134 million as a result of higher capital spending for new business backlog.
Adjusted earnings before interest, taxes, depreciation and amortization rose $81 million to $243 million.
Executives reaffirmed Dana’s commitment to evolving the electrified side of the company. Organic sales growth from EV products was $36 million,