Commercial vehicle driveline supplier Dana Inc. (NYSE: DAN) beat top and bottom line analyst expectations in Q1 despite supply chain constraints and rising commodity prices.
The Maumee, Ohio-based company experienced less exposure to the global semiconductor shortage than it expected.
“We saw our customers diverting chips toward the key truck platforms that we produce,” Jonathan Collins, Dana’s executive vice president and chief financial officer, said on the company’s earnings call Wednesday.
The...
https://www.freightwaves.com/news/dana-raises-sales-and-profit-estimates-after-strong-q1-results