Dana Holding Corporation Reports First-Quarter Results and Raises Full-Year Guidance

Dana Holding Corporation DAN today reported its first-quarter 2011 financial results, including adjusted EDITDA of $181 million. The company had a net loss of $30 million in the quarter, which included $53 million of one-time charges associated with the refinancing and restructuring of debt in January. Excluding these charges, Dana posted first-quarter net income of $23 million.