Dana Inc. mentioned it generated a file gross sales backlog of $900 million within the fourth quarter, a rise of $100 million from the earlier three-year backlog the corporate reported in early 2022.

A transition to electrification dominated the provider’s new enterprise, with the backlog share attributed to EVs rising 30 % to a complete of 65 %.

Dana CEO James Kamsickas mentioned in a name with traders Tuesday that these strikes “are a differentiator that continues to place Dana for fulfillment because the world evolves to electrification.”

The provider’s adjusted earnings earlier than curiosity, taxes, depreciation and amortization rose 49 % to $176 million, a progress in margin “primarily pushed by larger gross sales volumes and value recoveries,” the corporate mentioned in an announcement.

These positive factors have been considerably offset by ongoing trade challenges, together with rising inflation and continued provide chain inefficiencies, CFO Timothy Kraus mentioned on the Tuesday name.

The EV transition contributed to “closely elevated ranges of launch prices” within the fourth quarter, Kraus mentioned, together with new applications and elevated manufacturing.