Dana Incorporated

Dana, Inc. engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks. The Commercial Vehicle segment consists of drivetrain and tire-pressure management systems, as well as genuine service parts for medium and heavy-duty commercial vehicles. The Off-Highway segment offers drivetrain systems and individual product solutions under the Spicer brand, and motion systems for associated machine working functions and stationary industrial equipment under the Brevini brand. The Power Technologies segment consists of sealing solutions and thermal management technologies for reducing fuel consumption and emissions. The company was founded by Clarence W. Spicer on April 1, 1904 and is headquartered in Maumee, OH.

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Dana posts record sales in 2022, eyes EV market leadership

Dana's strong financial performance in 2022, with record sales and EBITDA, showcases resilience and growth amidst challenges.
The company's strategic focus on powertrain electrification and EV programs positions them well for future success and market leadership.
While facing challenges like inflation and margin targets, Dana's investments and capabilities in the EV market offer opportunities for growth and sustainability.
Overall, Dana's outlook for 2023 is optimistic, with expectations of continued growth, improved operating environment, and a focus on customer satisfaction and technology.

Dana Inc. reports record Q1 sales and profitability growth

Dana Inc. delivered strong Q1 performance with record sales and improved profitability. Despite challenges, the company is well-positioned for growth with a focus on sustainability and electrification. Opportunities lie in continued demand, margin improvement, and stable customer relationships.

Dana Inc. reports strong Q2 earnings amidst electrification drive

Dana Incorporated's Q2 2023 earnings call reflects robust financial performance, strategic focus on electrification, and challenges from inflation and supply chain disruptions. The company's strong sales, EBITDA growth, and focus on long-term transformation underscore its resilience and adaptability in a changing market landscape. Dana's commitment to electrification and strategic positioning bode well for future growth and profitability.

Dana Inc. reports solid Q3 performance amidst challenges and opportunities

Dana Incorporated showed resilience in Q3 with sales growth and improved earnings, despite challenges from the UAW strike and margin pressures.
Operational efficiency and successful program launches were key strengths, while cautious guidance adjustments reflect a strategic response to uncertainties.
The company's focus on commercial vehicle electrification and historical seasonality strengths provide avenues for future growth and stability.
Navigating challenges with a steady financial progress across all units showcases Dana's ability to adapt and succeed in a dynamic market.

Dana Inc. reports robust 2023 sales, eyes growth in EV market

Dana Incorporated's strong 2023 performance and optimistic outlook for 2024 reflect resilience and growth potential. Despite challenges from the UAW strike and EV program delays, the company is strategically positioned to capitalize on customer demand and efficiency improvements. Dana's focus on a balanced mix of ICE and EV programs aligns with market trends and long-term targets.

Dana Inc. reports robust Q1 earnings, eyes growth amid challenges

Dana Inc. delivered strong Q1 results with sales growth, improved EBITDA, and enhanced free cash flow. Despite challenges like supply chain disruptions and rising costs, the company remains resilient and focused on strategic planning. Opportunities lie in business environment improvements and innovation recognition.

Dana Inc. reports robust Q2 earnings amidst EV market shifts

Dana Incorporated's Q2 2024 performance reflects solid sales and EBITDA driven by core business strength and efficiency improvements.
Despite a slight decrease in free cash flow, the company maintains a positive outlook with adjusted sales and profit estimates.
Challenges include timing differences affecting cash flow, while opportunities exist in market share gains and winning new business across different vehicle segments.

Dana reports Q3 sales decline, maintains profitability amid industry shifts

Dana navigated challenges of softening demand for electric vehicles and internal combustion engine vehicles, impacting sales in Q3 2024.
Despite sales reductions, Dana maintained profitability and achieved profit margin expansion through outstanding operational execution.
The company's focus on in-house hybrid and electric vehicle capabilities positions it well for future growth and innovation in the evolving automotive industry.

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Dana Incorporated (NYSE:DAN ) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Craig Barber - Senior Director, IR and Corporate Communications Jim Kamsickas - Chairman and CEO Timothy Kraus - SVP and CFO Conference Call Participants Colin Langan - Wells Fargo James Picariello - BNP Paribas Joseph Spak - UBS Trevor Young - Barclays Operator Good morning, and welcome to Dana Incorporated First Quarter 2024 Financial Webcast and Conference Call. My name is Regina, and I will be your conference facilitator.

Dana Incorporated (DAN) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Dana (DAN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Dana (DAN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Dana (DAN) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.25 per share a year ago.

Dana (DAN) Misses Q1 Earnings Estimates

MAUMEE, Ohio , April 30, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) earned a 2024 Automotive News PACE Award for its electro-mechanical, infinitely variable transmission (EMIVT) system at the annual awards ceremony held on April 29, 2024. With this win, Dana has earned nine PACE Awards throughout the program's history, including two PACE Innovation Partnership Awards, and has been named a finalist 25 times.

Dana Earns an Automotive News PACE Award for Multi-mode, Power-split Transmission System

Sales of $2.7 billion, an increase of $91 million Net income of $3 million, including a $29 million charge related to the announced European hydraulics business divestiture Adjusted EBITDA of $223 million, an increase of $19 million over last year Adjusted EBITDA margin of 8.2 percent, a 50-basis-point improvement compared with 2023 Operating cash flow improved by $68 million compared with last year Full-year 2024 free cash flow guidance raised by $25 million MAUMEE, Ohio , April 30, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the first quarter of 2024. "Dana delivered strong performance in the first quarter with improved sales, profit margins, and free cash flow over the previous year.

Dana Incorporated Reports 2024 First-Quarter Financial Results With Increased Sales, Adjusted EBITDA, and Free Cash Flow Raises Full-Year Free Cash Flow Guidance

MAUMEE, Ohio , April 12, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2024 first-quarter financial results on Tuesday, April 30, 2024. A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2024 First-quarter Financial Results, Host Conference Call and Webcast on April 30

MAUMEE, Ohio , March 20, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the BofA Securities 2024 Automotive Summit on March 26, 2024. Beginning at 3 p.m.

Dana Incorporated to Participate in BofA Securities 2024 Automotive Summit

MAUMEE, Ohio , March 4, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. In 2024, a total of 136 companies spanning 20 countries and 44 industries were recognized.

Dana Recognized as One of World's Most Ethical Companies for Second Consecutive Year

Dana Incorporated shares have pulled back by -8% after its fourth-quarter performance disappointed the market.

Dana Incorporated: Buy The Post-Earnings Dip (Rating Upgrade)

MAUMEE, Ohio , Feb. 21, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that, as part of an ongoing evaluation of its operations and product portfolio, the company has entered into a definitive agreement to sell its European hydraulics business to HPI Group, a hydraulics business jointly held by Apogee Group and EiM Capital. The transaction is expected to be completed in the first half of 2024, subject to regulatory approvals and customary closing conditions.

Dana Announces Sale of European Hydraulics Business

Dana Incorporated (DAN) Q4 2023 Earnings Call Transcript

The headline numbers for Dana (DAN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Dana (DAN) Reports Q4 Earnings: What Key Metrics Have to Say

Dana (DAN) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.10 per share a year ago.

Dana (DAN) Reports Q4 Loss, Misses Revenue Estimates

Full-year Results Sales of $10.6 billion, an increase of $0.4 billion or 4 percent over last year Net income of $38 million, compared with a net loss of $242 million in 2022 Adjusted EBITDA of $845 million, an increase of $145 million over last year Adjusted EBITDA margin of 8 percent, a 110-basis-point improvement compared with 2022 Operating cash flow of $476 million Record three-year new business sales backlog of $950 million, a $50 million increase over prior backlog 2024 guidance of approximately 3 percent increase in sales, 10 percent increase in adjusted EBITDA, $75 million increase in free cash flow  MAUMEE, Ohio, Feb. 20, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the fourth quarter and full-year 2023. "With record sales reaching $10.6 billion for 2023, Dana continues its strong trajectory built on our balanced approach of supplying both conventional and clean-energy solutions to nearly every vehicle manufacturer around the globe.

Dana Incorporated Reports 2023 Record Sales and Profit Growth of 21 Percent, Including Margin Improvement of 110 Basis Points; Company Increases New Business Sales Backlog to Record $950 Million

Dana (DAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Dana (DAN) Report Negative Earnings Next Week? What You Should Know

MAUMEE, Ohio , Feb. 8, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2023 fourth-quarter and full-year financial results on Tuesday, Feb. 20, 2024.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2023 Fourth-quarter and Full-year Financial Results, Host Conference Call and Webcast on Feb. 20

MAUMEE, Ohio , Jan. 23, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that the company was recognized as a "Top Employer 2024" in 16 countries in which it operates. The company was also selected as a Top Employer across Europe and North America due to overall cross-country performance in those regions.

Dana Earns 'Top Employer 2024' Awards in 16 Countries, Regional Distinction for Europe, North America

Dana (DAN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Dana (DAN) Keep the Earnings Surprise Streak Alive?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Dana (DAN) Right Now?

MAUMEE, Ohio , Jan. 16, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been named one of "America's Greatest Workplaces for Diversity" by Newsweek magazine for the second consecutive year.  The award recognizes the company's impact and commitment to building a culture that embraces and supports diversity.

Dana Again Named a Greatest Workplace for Diversity by Newsweek Magazine

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FFIC, DAN and ACRE made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 2, 2024.

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Is Dana (DAN) Stock Undervalued Right Now?

I re-recommend a buy rating as the stock price is attractive at this level. Despite concerns over slowing EV adoption, Dana's fundamentals remain strong and its EBITDA margin performance is expected to expand. The end of the UAW strike removes uncertainty and Dana is expected to meet its guidance, indicating potential for a stronger year in FY24.

Dana Incorporated: Another Chance To Buy The Stock

DOUAI, France , Nov. 27, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today introduced the company's line of Brevini EvoMax™ helical and bevel helical gearboxes for industrial bulk management applications at the Vrac Tech Exhibition. Brevini EvoMax gearboxes are designed to optimize the performance of mining and bulk material handling equipment such as conveyors, stacker reclaimers, wagon tipplers, and ship loading and unloading equipment.

Dana Debuts Brevini EvoMax™ Gearboxes for Industrial Bulk Management Applications at Vrac Tech Exhibition

MAUMEE, Ohio , Nov. 21, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the BofA Securities Leveraged Finance Conference on Nov. 28, 2023. Beginning at 8:50 a.m.

News for Dana Incorporated Stock (DAN)