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 , June 29, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) recently announced its 2022 Supplier Awards recipients. Thirteen companies representing six different countries were recognized for displaying excellence in supporting Dana's cost, quality, and delivery goals, as well as its "Powering into e-Drive" enterprise strategy.

Dana Announces Recipients of 2022 Supplier Awards

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Xponential Fitness

With Wall Street celebrating a bull market after a tremendous rally this year, it is essential to consider the opportunities ahead. The trending growth names are up quite a lot, and even with the bullish sentiment gaining even more momentum, I do not see them offering much upside potential here.

My Top 3 Growth Stock Picks for June 2023

MAUMEE, Ohio , June 7, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the Deutsche Bank Global Auto Industry Conference on June 14, 2023. Dana's Senior Vice President and Chief Financial Officer Timothy Kraus will participate in a fireside chat beginning at 8:45 a.m.

Dana Incorporated to Participate in Deutsche Bank Global Auto Industry Conference

MAUMEE, Ohio , June 7, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been named one of America's Climate Leaders 2023 by USA Today.  The list, compiled by the newspaper's research partner, Statista, recognizes the top 400 companies for their 2021 greenhouse gas (GHG) reduction performance against a 2019 baseline.

Dana Named One of America's Climate Leaders 2023 by USA Today

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NEW YORK , June 2, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Tuesday, June 20, to coincide with the quarterly rebalance. The U.S. equity markets will be closed on Monday, June 19 in observance of the Juneteenth holiday.

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Dana is poised to benefit from the new EV models traditional automotive suppliers are launching in order to compete in an electrifying world. The company reported solid results for Q1,23 as it beat both its revenue and earnings growth forecasts.

Dana: Backbone Of The EV Industry Is Severely Mispriced

Dana Incorporated, a vehicle servicing company, has seen its stock underperform lately, even as sales grow. The company's sales continue to climb, but margins have been mixed.

Dana Incorporated: Recent Share Weakness Unjustly Overshadows Value

MAUMEE, Ohio , May 10, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l. (the "Issuer"), has priced its offering of €425 million aggregate principal amount of 8.500% Senior Notes due 2031 (the "2031 Notes").

Dana Prices €425 Million Senior Notes Offering

MAUMEE, Ohio , May 10, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l. (the "Issuer"), is proposing to issue €425 million aggregate principal amount of senior unsecured notes due 2031 (the "2031 Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Dana Launches €425 Million Senior Notes Offering

MAUMEE, Ohio , May 4, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in Oppenheimer's 18th Annual Industrial Growth Conference on May 9, 2023. Beginning at 2:15 p.m.

Dana Incorporated to Participate in Oppenheimer's 18th Annual Industrial Growth Conference

Company Expands Electrification Portfolio for Medium-duty Applications ANAHEIM, Calif. , May 2, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN), a leader in electrification solutions for clean commercial vehicle transportation, announced today an expansion of its Spicer Electrified™ e-Powertrain offerings to include a family of e-Transmissions for a wide variety of medium-duty electric-vehicle applications.

Dana Introduces Spicer Electrified™ e-Transmissions for Commercial Vehicles

Dana (DAN) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.16 per share a year ago.

Dana (DAN) Surpasses Q1 Earnings and Revenue Estimates

Key Highlights Sales of $2.64 billion, an increase of $164 million or 7 percent over last year Net income attributable to Dana of $28 million, an increase of $11 million over last year Diluted EPS of $0.19; diluted adjusted EPS of $0.25, an increase of $0.09 per share Adjusted EBITDA of $204 million, an increase of $34 million or 20 percent over last year Adjusted EBITDA margin improved by 80 basis points compared with last year Leveraging cutting-edge 4-in-1 e-Propulsion Systems across all end markets MAUMEE, Ohio , April 28, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the first quarter of 2023. "Dana achieved strong sales of $2.64 billion in the first quarter, with significantly improved profit margin over the previous year, driven by healthy customer demand in all our end markets, as well as new and replacement business rolling-on," said James Kamsickas, Dana chairman and chief executive officer.

Dana Incorporated Reports 2023 First-quarter Financial Results with Record Sales and Higher Profit

Dana (DAN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Dana (DAN) Might Surprise This Earnings Season

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.

Dana (DAN) Reports Next Week: Wall Street Expects Earnings Growth

MAUMEE, Ohio , April 17, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2023 first-quarter financial results on Friday, April 28, 2023.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2023 First-quarter Financial Results, Host Conference Call and Webcast on April 28

MAUMEE, Ohio , March 30, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been named to the inaugural list of "America's Greatest Workplaces for Women 2023" by Newsweek magazine. The award recognizes the company's impact and commitment to building a culture that supports and embraces women in the workplace.

Dana Named Great Workplace for Women by Newsweek Magazine

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MAUMEE, Ohio , March 29, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that once again it has been recognized by General Motors as a 2022 Supplier of the Year. GM celebrated honorees at its 31st annual Supplier of the Year event in San Antonio, Texas, last week.

Dana Recognized as a 2022 Supplier of the Year by General Motors for the Sixth Consecutive Year

MAUMEE, Ohio , March 28, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the BofA Global Automotive Summit on April 4, 2023.  Beginning at 11:20 a.m.

Dana Incorporated to Participate in 2023 BofA Global Automotive Summit

LAS VEGAS , March 14, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced several initiatives―including new drivetrain offerings for electrified vehicles―that strengthen the company's growing commitment to the North American construction and off-highway markets. Dana Enhances Electrification Portfolio Among these initiatives, Dana is: Debuting the Spicer Electrified™ eSP502 e-Transmission for the North American construction market.

Dana Enhances Electrification Portfolio, Production Capabilities to Bolster Support for North American Construction Industry

MAUMEE, Ohio , March 13, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been recognized as one of the 2023 World's Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Dana is one of only eight honorees across the mobility industry.

Dana Recognized as One of World's Most Ethical Companies

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Magna International

Dana provides various parts for EV motors and inverters, as well as battery cooling solutions. Magna International is well-positioned for the electric vehicle revolution.

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MAUMEE, Ohio , March 6, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has accelerated the company's climate commitments with a goal of achieving net zero by 2040.  As part of this commitment, Dana is accelerating its plan to reduce Scope 1 and 2 greenhouse gas (GHG) emissions and plans to achieve a 75 percent reduction by 2030, up from its previously announced goal of 50 percent by 2030.

Dana Accelerates Climate Commitments, Plans to Achieve Net Zero by 2040

MAUMEE, Ohio , March 2, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been honored with Heavy Duty Trucking (HDT) magazine's 2023 Top 20 Products Award for its Spicer Electrified Zero-8™ e-Axles. The family of single and tandem e-Axles are designed for a wide variety of Class 7 and 8 applications.

Dana's Spicer Electrified Zero-8™ e-Axles Recognized by Heavy Duty Trucking as a Top 20 Product for 2023

MAUMEE, Ohio , Feb. 28, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that the Science Based Target initiative (SBTi) has validated the company's climate commitments, including reducing Scope 1 and 2 greenhouse gas (GHG) emissions by more than 50 percent and Scope 3 GHG emissions by more than 25 percent before 2030. The SBTi is a partnership between the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute, and the World Wide Fund for Nature.

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