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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The company posts a dispiriting earnings report, and analysts pile on with modest (but meaningful) price target cuts.

Why Dana Stock Was in a Tailspin This Week

Earnings came in below expectations, and the 2023 guidance isn't much better.

Why Dana Stock Is Down Today

Dana Incorporated (NYSE:DAN ) Q4 2022 Earnings Conference Call February 21, 2023 9:00 AM ET Company Participants James Kamsickas - Chairman, Chief Executive Officer Timothy Kraus - Senior Vice President, Chief Financial Officer Craig Barber - Senior Director, Investor Relations and Strategic Planning Conference Call Participants Noah Kaye - Oppenheimer Dan Levy - Barclays Emmanuel Rosner - Deutsche Bank Colin Langan - Wells Fargo James Picariello - BNP Paribas Rod Lache - Wolfe Research Operator Good morning and welcome to Dana Incorporated's fourth quarter and full year 2022 financial webcast and conference call. My name is Rob and I will be your conference facilitator.

Dana Incorporated (DAN) Q4 2022 Earnings Call Transcript

Dana (DAN) delivered earnings and revenue surprises of -143.48% and 2.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Dana (DAN) Reports Q4 Loss, Tops Revenue Estimates

Full-year Results Sales of $10.2 billion, an increase of $1.2 billion or 14 percent over last year Operating cash flow of $649 million, an increase of $491 million Free cash flow of $209 million, an increase of $420 million Adjusted EBITDA of $700 million Sales backlog of $900 million over next three years, a $100 million increase over previous backlog 65 percent of new business is from electric-vehicle platforms MAUMEE, Ohio , Feb. 21, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the fourth quarter and full-year 2022. Dana Incorporated Reports Record Sales for 2022  "Dana continues to successfully execute as front runners in the transformation to a zero-emission world, while taking extraordinary operational actions to serve our customers, including scaling operations to support near-term market share gains," said James Kamsickas, Dana chairman and CEO.

Dana Incorporated Reports Record Sales for 2022; Issues Guidance for 2023, including Higher Sales, Profit, and Record Three-year Sales Backlog of $900 Million

MAUMEE, Ohio , Feb. 21, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that it has been selected by the Wacker Neuson Group – a leading manufacturer of construction equipment – to provide the e-Propulsion system for its compact construction vehicle line-up in Europe, beginning with the Kramer electric wheel loader 5065e as well as the electric telehandler models from Wacker Neuson and Kramer. The multi-year program is expected to begin production later this year and will feature a complete electrodynamic system from Dana, including: the Spicer Electrified™ eSG101 e-Transmission; two Dana TM4™ SRI 200 motors paired with Dana TM4™ AC-X1 inverters; an APC 300 series controller; and the software platform to manage the energy source powering vehicle traction and multiple operating functions.

Dana Collaborates with Wacker Neuson Group on e-Propulsion Systems for Electric Compact Construction Vehicle Line-up

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

Should You Buy Dana Incorporated (DAN) Ahead of Earnings?

MAUMEE, Ohio , Jan. 30, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it will launch a hydrostatic driveline for telehandlers in North America.  The system's modular architecture enables customers to easily transition to a hydrogen or battery-electric vehicle design.

Dana to Launch Hydrostatic Driveline for Telehandlers in North America; Modular Design Enables Zero Emissions Options

MAUMEE, Ohio , Jan. 26, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2022 fourth-quarter and full-year financial results on Tuesday, Feb. 21, 2023.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2022 Fourth-quarter and Full-year Financial Results, Host Conference Call and Webcast on February 21

Recognized for Exceptional People Practices and Employee Engagement MAUMEE, Ohio , Jan. 18, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that the company was recognized as a "Top Employer 2023" in 12 countries in which it operates.  The company was also selected as a Top Employer across Europe due to the number of countries earning honors in the region.

Dana Earns 'Top Employer 2023' Award in 12 Countries and European Region

Dana (DAN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Dana (DAN) Is Still Trading at a Bargain

MAUMEE, Ohio , Jan. 17, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been named one of "America's Greatest Workplaces for Diversity 2023" by Newsweek magazine. The award recognizes the company's impact and commitment to building a culture that supports and embraces diversity.

Dana Named Great Workplace for Diversity by Newsweek Magazine

Dana is a leading supplier of electrical components and propulsion systems to many traditional auto makers such as GM and Ford. The company reported strong financial results in Q3,22 beating both revenue and adjusted earnings forecasts.

Dana: Deep Value With Electrifying Sales

Dana (DAN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Dana (DAN) Upgraded to Buy: Here's Why

MAUMEE, Ohio , Dec. 7, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that it has signed a long-term agreement with Semikron Danfoss, one of the world's leading manufacturers of power modules, to secure the supply of silicon-carbide semiconductors, which are designed to be scalable in multiple-chip formats. "As we continue to grow our strong backlog of electrified programs, we will remain at the forefront of inverter technologies that are critical to managing the energy used in the vehicle," said Christophe Dominiak, Dana chief technology officer.

Dana Secures Capacity for Silicon Carbide Semiconductors through Long-term Supply Agreement with Semikron Danfoss

MAUMEE, Ohio , Nov. 21, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the BofA Securities Leveraged Finance Conference on Nov. 29, 2022.  Beginning at 8:10 a.m.

Dana Incorporated to Participate in 2022 BofA Securities Leveraged Finance Conference

MAUMEE, Ohio , Nov. 21, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the Barclays Global Automotive and Mobility Tech Conference on Dec. 1, 2022.  Beginning at 2 p.m.

Dana Incorporated to Participate in Barclays Global Automotive and Mobility Tech Conference

Dana Incorporated (NYSE:DAN ) Q3 2022 Earnings Conference Call October 27, 2022 9:00 AM ET Company Participants Craig Barber – Senior Director of Investor Relations and Strategic Planning Jim Kamsickas – Chairman and Chief Executive Officer Timothy Kraus – Senior Vice President and Chief Financial Officer Conference Call Participants Noah Kaye – Oppenheimer Colin Langan – Wells Fargo Operator Good morning, and welcome to Dana Incorporated's Third Quarter Financial Webcast and Conference Call. My name is Lisa, and I will be your conference facilitator.

Dana Incorporated (DAN) Q3 2022 Earnings Call Transcript

MAUMEE, Ohio , Oct. 27, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the Gabelli Funds 46th Annual Auto Symposium on Oct. 31, 2022. Beginning at 11:30 a.m.

Dana Incorporated to Participate in Gabelli Funds 46th Annual Auto Symposium

Dana (DAN) delivered earnings and revenue surprises of 14.29% and 2.37%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Dana (DAN) Beats Q3 Earnings and Revenue Estimates

Key Highlights Sales of $2.54 billion, an increase of $331 million Net loss attributable to Dana of $88 million; includes a non-cash goodwill impairment charge Diluted EPS of $(0.61); diluted adjusted EPS of $0.24 Adjusted EBITDA of $192 million Free cash flow of $77 million, a year-over-year increase of $247 million Wins 8th PACE Award for electric-vehicle systems integration MAUMEE, Ohio , Oct. 27, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced strong financial results for the third quarter of 2022. "Dana generated solid earnings and free cash flow again this quarter as end-market demand remained strong despite ongoing supply and production disruptions impacting the global mobility industry," said James Kamsickas, Dana chairman and chief executive officer.

Dana Incorporated Reports Strong Third-quarter 2022 Financial Results with Higher Sales and Free Cash Flow, Reaffirms Full-year Financial Targets

MUNICH , Oct. 24, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it will be highlighting an array of field-ready electrified solutions for the off-highway market at Bauma 2022, Oct. 24-30.  Held in hall A3, booth 326, Dana's exhibition will feature its complete electric systems capabilities for a broad range of applications and will include the latest innovations from the company's portfolio of motors, inverters, controls, e-Hub drives, e-Transmissions, and e-Slew drives.

Dana Showcases Suite of Field-Ready Electrified Solutions at Bauma 2022

MUNICH , Oct. 24, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today the introduction of its Spicer Electrified™ eSP502 e-Transmission, a flexible platform designed to support the electrification of vehicles across the construction, mining, material handling, and forestry markets. Available for order today, the e-Transmission will be on display as part of Dana's exhibit at Bauma, Oct. 24-30, in hall A3, booth 326.

Dana Introduces Spicer Electrified™ e-Transmission to Support Off-Highway Vehicles at Bauma 2022

MAUMEE, Ohio , Oct. 10, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2022 third-quarter financial results on Thursday, Oct. 27, 2022. A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2022 Third-quarter Financial Results, Host Conference Call and Webcast on Oct. 27

MAUMEE, Ohio , Sept. 26, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) has earned a 2022 Automotive News PACE Award for its for Spicer Electrified™ Complete Battery Electric e-Propulsion and e-Power System.

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