February 13, 2018 / 12:16 PM / 7 months ago

BRIEF-Dana Inc Q4 Loss Per Share $0.74

Feb 13 (Reuters) - Dana Inc:

* ORPORATED ANNOUNCES STRONG 2017 FINANCIAL RESULTS, AFFIRMS SIGNIFICANT 2018 GUIDANCE INCREASE

* SEES FY 2018 SALES $7.5 BILLION TO $7.7 BILLION

* Q4 EARNINGS PER SHARE VIEW $0.54, REVENUE VIEW $1.77 BILLION — THOMSON REUTERS I/B/E/S

* FY2018 EARNINGS PER SHARE VIEW $2.88, REVENUE VIEW $7.74 BILLION — THOMSON REUTERS I/B/E/S

* SEES ‍2018 CAPITAL SPENDING OF APPROXIMATELY 4.0 PERCENT OF SALES​

* A CHARGE OF $27 MILLION FOR DISPOSITION OF SUSPENSION PARTS BUSINESS IN BRAZIL ALSO IMPACTED Q4 2017 RESULTS

* ‍Q4 2017 INCLUDED A ONE-TIME, NON-CASH CHARGE OF $186 MILLION DUE TO ENACTMENT OF U.S. TAX REFORM LEGISLATION

* DANA - INCREASED SALES FROM NEW-BUSINESS BACKLOG EXPECTED TO ADD ABOUT $300 MILLION, IMPROVED END-MARKET DEMAND EXPECTED TO ACCRETE $100 MILLION IN 2018

* AFFIRMS 2018 GUIDANCE​

* ADJUSTED EBITDA IN 2018 IS EXPECTED TO IMPROVE BY APPROXIMATELY $100 MILLION Source text for Eikon: Further company coverage:

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