Supplier to the trucking business and other sectors, Dana Holding Corp. has released financials showing record income last year, despite sales slipping, while the tire maker, Goodyear, reported lower numbers for the same periods.

Dana Holding Corp.

Dana Holding Corp. had its fourth-quarter and full-year 2012 results. Sales for the year totaled $7.2 billion compared with $7.5 billion for 2011.

It said the impact of currency exchange rates lowered sales by $322 million compared with last year. Excluding currency, Dana sales increased in most of its segments although this growth was offset by a decline in commercial sales of $169 million, mainly reflecting weak end-market demand.

Net income for the full-year was a record $300 million, compared with $219 million in the previous year. Adjusted earnings before interest, taxes and amortization of $781 million for 2012, $16 million higher than 2011.

Sales for the fourth-quarter were $1.6 billion compared with $1.9 billion for the same period in 2011, reflecting the impact of unfavorable currency and lower end-market demand of $155 million, principally impacting Dana's commercial and off-highway highway business segments. Dana's net income of $88 million in the fourth quarter of 2012 compares with $71 million in 2011, including the benefit of income tax valuation allowance releases.

Adjusted EBITDA for the quarter was $154 million, compared with $183 million in 2011.

Goodyear

Goodyear's fourth quarter 2012 sales were $5 billion, down 11% from 2011, reflecting $338 million in lower tire unit volumes, $221 million in lower sales in other tire related businesses, most notably third party chemical sales in North America, and $85 million in unfavorable foreign currency translation. Tire unit volumes totaled 40 million, down 7% from 2011, primarily reflecting lower volumes in Europe.

Sales benefitted from price/mix improvements, which drove revenue per tire up 1% over the 2011 quarter, excluding the impact of foreign currency translation.

As for net income, the company broke even for the period compared to a profit of $18 million in the final quarter of 2011.

Goodyear's 2012 annual sales were $21 billion, down 8% from $22.8 billion a year ago. Sales reflect strong price/mix performance, which drove revenue per tire up 8% year-over-year, excluding the impact of foreign currency translation.

Unfavorable unit volume and foreign currency translation reduced sales by $1.6 billion and $766 million, respectively. Lower sales in other tire-related businesses, most notably third party chemical sales in North America reduced 2012 sales by $489 million.

Full year net income was $183 million compared to $321 million in 2011.

Sales for the commercial vehicle sector were not broken out by the company.