Dana Holdings (NYSE: DAN) reported Q2 EPS of $0.48, $0.07 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.63 billion.

"In the second quarter, Dana achieved a 4 percent increase in organic growth as a result of some markets improving and new business coming on line. We also continued to win new business to support our backlog through 2017 and beyond," said President and Chief Executive Officer Roger Wood. "Though currency continued to be a challenge, especially in Europe and South America, and we faced further weakness in South American market demand, we continued our focus on cost discipline, improving our margin over the first quarter. We remain committed to the performance of the business as we execute our plan and focus on the successful launch of new customer programs through the remainder of the year."

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