Dana Inc. and American Axle & Manufacturing Holdings Inc., two of the world’s largest axle suppliers, reported on Friday a number of good points within the second quarter because the trade continues the lengthy haul of recovering from the COVID-19 pandemic.

Dana stated its efficiency within the second quarter benefited from ongoing robust demand throughout its three enterprise segments.

The corporate posted income of $2.21 billion, up practically 105 % from $1.08 billion in the identical interval final 12 months.

The Maumee, Ohio-based axle and transmission producer swung to web revenue of $53 million within the quarter from a web lack of $173 million within the year-earlier interval.

“We proceed to actively handle via a difficult supply-chain atmosphere, and our workforce has performed a wonderful job proactively responding to the regional impacts of COVID-19,” Dana CEO James Kamsickas stated in an announcement.

Dana’s adjusted earnings earlier than curiosity, taxes, depreciation and amortization stood at $233 million, in contrast with a lack of $5 million within the second quarter of 2020.

The corporate is sustaining its estimate of full-year gross sales touchdown between $8.5 billion and $9 billion, however CFO Jonathan Collins stated he anticipates gross sales touchdown on the greater finish due to the extent of market demand exhibited within the first half of the 12 months.

Notably, Dana’s gross sales within the light-vehicle section bought a lift, rising 164 % from $337 million in 2020’s second quarter to $890 million within the second quarter of 2021.

Dana ranks No. 33 on the Automotive Information checklist of the highest 100 world suppliers, with worldwide components gross sales to automakers of $7.11 billion in 2020.

American Axle’s second-quarter web revenue was $16 million, up significantly from a web lack of $213 million within the year-earlier interval.

The Detroit-based drivetrain provider stated income improved 146 % to $1.28 billion within the quarter.

Adjusted earnings earlier than curiosity expense, revenue taxes, depreciation and amortization stood at $222.6 million, up from a lack of $52 million within the year-earlier interval.

The provider’s driveline section carried out significantly nicely. It posted gross sales of $935 million within the interval ending June 30, up nearly 149 % from practically $376 million within the year-earlier interval.

“AAM delivered robust working efficiency within the second quarter of 2021 regardless of trade manufacturing volatility stemming from continued provide chain challenges,” American Axle CEO David Dauch stated in an announcement. “Our working efficiency is permitting us to strengthen our stability sheet and spend money on electrification know-how improvement that’s driving our future worthwhile progress.”

The corporate stated it expects North American light-vehicle manufacturing to land within the vary of 14.4 million to 14.6 million models in 2021.

American Axle ranks No. 47 on the Automotive Information checklist of the highest 100 world suppliers, with worldwide components gross sales to automakers of $4.71 billion in 2020.