Dana this week opened a $75 million axle plant in Toledo to supply Wranglers and the coming Jeep Scrambler pickup.
Dana Inc.'s net income increased 21 percent to $69 million for the third quarter, due to strong market demands and acquisitions.
The supplier of axles, driveshafts and thermal products saw total revenue rise 32 percent to $1.8 billion during the quarter, driven by acquisitions that contributed $133 million in new business, the company said Thursday.
Light-vehicle product sales for the Toledo, Ohio, area supplier climbed 28 percent to $805 million from $631 million. Sales for commercial vehicle parts rose to $371 million from $294 million.
Sales at the company's off-highway parts business nearly doubled to $384 million from $199 million. Revenue from power technology sales bumped 4.2 percent to $271 million.
The company is on track with plans to increase production of parts for the next-generation Jeep Wrangler in the fourth quarter.
This year, the supplier purchased U.S. Manufacturing in Warren, Mich., to satisfy larger orders, and on Wednesday, Dana opened a $75 million axle plant in Toledo to supply Wranglers and the coming Jeep Scrambler pickup.
The plant also will supply Ford Motor Co.'s Ranger midsize pickup and Bronco SUV. Ford is Dana's largest customer.
The supplier forecast full-year revenue of $7.2 billion, an increase of $200 million from the second-quarter projection.
Dana noted its organic sales growth -- excluding acquisitions and currency effects -- was 21 percent.
"We continue to generate strong organic growth, remaining focused on new business launches while successfully integrating our recent acquisitions," CEO James Kamsickas said in a statement.
Dana ranks No. 44 on Automotive News' list of the top 100 global parts suppliers, with worldwide sales to automakers of $5.83 billion in 2016.