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Dana Holding Corp Sees FY 2013 Guidance At Lower End Of Prior Range

Thursday, 25 Jul 2013 07:02am EDT 

Dana Holding Corp announced that due to economic pressures in India and South America impacting its Light Vehicle Driveline business and continued softness in construction and mining equipment demand, the Company has refined its fiscal 2013 financial targets to the lower end of its previous guidance for sales and adjusted EBITDA. For fiscal 2013, it expects sales of approximately $7.0 billion, from $7.1 billion, Adjusted EBITDA of approximately $800 million and Diluted adjusted EPS of approximately $1.90 (excluding the impact of share repurchases after June 30, 2013). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $7.1 billion, EBITDA of $775 million and EPS of $1.85 for fiscal 2013. 

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