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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MAUMEE, Ohio, Jan. 24, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that the company was recognized as a "Top Employer 2022" in 10 countries around the world and that its European region was also was collectively named a Top Employer.  This prestigious award by the Top Employers Institute honors exceptional human resources programs, including diversity and inclusion, work environment, talent acquisition, learning, and well-being.

Dana Named 'Top Employer 2022' in 10 Countries, Earns Distinction for its European Operations

MAUMEE, Ohio, Jan. 19, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the introduction of three new planetary drives with wide ratio ranges, better power density, and modular designs that expand the company's Spicer Torque-Hub™ support for tracked and wheeled vehicles, as well as Brevini™ winch applications. Available now, the new drives offer output torque ratings from 80 kNm to 130 kNm and extend Dana's leadership in supplying flexible, high-performing solutions for mobile and industrial customers worldwide.

Dana Introduces New Planetary Drives with Improved Torque Density, Design Flexibility for Wide Range of Tracked, Wheeled, and Winch Applications

After boosting the stake in Dana Inc. ( DAN , Financial) during the third quarter, renowned investor Carl Icahn (Trades, Portfolio) disclosed this week he further increased his firm's position by 0.05%.

Carl Icahn Ups Dana Stake as He Gains 2 Board Seats

MAUMEE, Ohio, Jan. 7, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that it has entered into an agreement with Icahn Capital, whereby Brett Icahn and Gary Hu, both of whom are portfolio managers at Icahn Capital, will join the Dana Board of Directors, effective immediately, and stand for election at the company's 2022 Annual Meeting of Shareholders. "Dana has made significant advancements as a forward-thinking mobility company, and we appreciate Icahn Capital's support and constructive engagement as we continue to execute our strategic plan," said James Kamsickas, Dana chairman and CEO.

Dana Incorporated Announces Two Appointments to Board of Directors, Reaches Agreement with Icahn Capital

MAUMEE, Ohio, Jan. 4, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that Ernesto M. Hernández has been appointed to the company's board of directors, effective immediately.

Dana Incorporated Appoints Ernesto M. Hernández to its Board of Directors

Dana Incorporated is showing signs of a strong turnaround following the painful 2020 fiscal year. Cash flows are robust and the company's prospects, for the foreseeable future, should be positive.

Dana Incorporated: A Solid Play For Value Investors

MAUMEE, Ohio, Dec. 6, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it was named one of "America's Most Responsible Companies 2022" by Newsweek Magazine. The company has been named to the list every year since its inception, marking the third consecutive year for the honor.

Dana Named One of "America's Most Responsible Companies" by Newsweek Magazine for Third Consecutive Year

Clarivate Plc

MAUMEE, Ohio, Dec. 1, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the appointment of Dana veteran Timothy R. Kraus as senior vice president and chief financial officer.

Dana Incorporated Names New Chief Financial Officer

LONDON, Dec. 1, 2021 /PRNewswire/ -- Clarivate plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced a change to our executive leadership team. Clarivate Executive Vice President and Chief Financial Officer Richard Hanks is leaving the company and will be succeeded by Jonathan Collins, who is currently Executive Vice President and CFO of Dana Incorporated (NYSE: DAN).

Clarivate Announces Change in Executive Leadership

MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in Credit Suisse's 9th Annual Industrials Conference on Dec. 1, 2021.  Beginning at 12:10 p.m.

Dana Incorporated to Participate in Credit Suisse's 9th Annual Industrials Conference

Dana Inc (NYSE: DAN) announced that its Dana TM4 joint venture is establishing a new manufacturing facility in Åmål, Sweden, to initially produce electric motors for the mobility industry. Dana TM4 is a JV between Dana and renewable energy producer Hydro-Québec.

Dana JV To Build New Electrodynamics Facility In Sweden

MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint venture is establishing a new manufacturing facility in Åmål, Sweden that will initially produce electric motors for the mobility industry.  This $50 million fully sustainable operation has received $10.7 million in support from the Swedish business development community.

Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden

MAUMEE, Ohio, Nov. 15, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced that it has priced its offering of $350 million aggregate principal amount of 4.500% Senior Notes due 2032.   The company intends to use the net proceeds from the offering, together with cash on hand, to repay $349 million in outstanding borrowings under its senior secured term loan B facility.

Dana Prices $350 Million Senior Notes Offering

MAUMEE, Ohio, Nov. 15, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced that it is commencing, subject to market conditions, a registered offering of $350 million aggregate principal amount of senior unsecured notes due 2032. The company intends to use the net proceeds from the offering, together with cash on hand, to repay $349 million in outstanding borrowings under its senior secured term loan B facility.

Dana Launches $350 Million Senior Notes Offering

MAUMEE, Ohio, Nov. 3, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that the company's advanced drive technologies are featured on the winners in two categories of the "Tractor of the Year 2022" awards competition. The New Holland ® T6.180 Methane Power tractor was selected among all the finalists to receive the "Sustainable Tractor of the Year" designation.

Tractors Propelled by Dana Innovations Earn Top Honors for Sustainability, Utility at "Tractor of the Year 2022" Awards

Cash flow burn way up in Q3 and a drop in annual guidance is reported.

Dana Incorporated: Waiting For A Better Entry

MAUMEE, Ohio, Oct. 28, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has earned the New Power Technology Award and the Achievement of the Year Award for its Spicer Electrified™ e-Powertrain at the 2021 Diesel Progress Summit and Awards, held this week. The awards recognize Dana's ability to provide a complete, fully integrated e-Powertrain to customers, including the electric drive system featuring Dana's motor, inverter, gearbox, and thermal-management, as well as the high-voltage energy management system which includes software and controls, the charge control unit, high-voltage junction box, onboard charger, as well as other low-voltage auxiliary systems.

Spicer Electrified™ e-Powertrain from Dana Earns Two Technology Awards at 2021 Diesel Progress Summit

MAUMEE, Ohio, Oct. 27, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the 45th Annual Automotive Symposium "Batteries Included" hosted by Gabelli Funds on Nov. 1, 2021.  Beginning at 2:45 p.m.

Dana Incorporated to Participate in Gabelli Funds' 45th Annual Automotive Symposium

Dana Incorporated (DAN) CEO James Kamsickas on Q3 2021 Results - Earnings Call Transcript

Dana Inc (NYSE: DAN) reported third-quarter FY21 sales growth of 10.5% year-on-year, to $2.20 billion, beating the analyst consensus of $2.09 billion. Light vehicle revenue rose 0.5% Y/Y, Commercial vehicle increased 24.9%, Off-Highway climbed 24.4%, and Power technologies rose 1.2%.

Dana Shares Plummet On Q3 Earnings Miss, FY21 Outlook Cut

The auto parts specialist's third-quarter results disappointed investors.

Why Dana Stock Just Crashed 14%

Dana (DAN) delivered earnings and revenue surprises of -10.87% and 5.34%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Dana (DAN) Q3 Earnings Lag Estimates

MAUMEE, Ohio, Oct. 26, 2021 /PRNewswire/ -- Key Highlights Sales of $2.2 billion Net income attributable to Dana of $48 million Diluted EPS of $0.33 Adjusted EBITDA of $210 million Diluted adjusted EPS of $0.41 Hosted Capital Markets Day focused on electrification technology Announced over a dozen significant new EV program wins Dana Incorporated (NYSE: DAN) today announced financial results for the third quarter of 2021. "Rising commodity costs, supply-chain constraints, and labor shortages across the entire global mobility industry continue to impact our business," said James Kamsickas, Dana chairman and CEO.

Dana Incorporated Reports 2021 Third-quarter Financial Results

Modine Manufacturing

MAUMEE, Ohio, Oct. 25, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today a mutual agreement with Modine Manufacturing Company (NYSE: MOD) to terminate Dana's agreement to acquire a portion of Modine's automotive thermal-management business for one dollar with the assumption of certain financial liabilities.  Both companies had been actively engaged in the regulatory review process in Germany for many months and have decided that it is no longer in the best interest of either party to pursue the transaction further.

Dana Announces Termination of Agreement to Acquire Portion of Light-Vehicle Thermal Business from Modine Manufacturing Company

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.

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