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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Key Highlights Sales of $2.59 billion, an increase of $381 million Net income attributable to Dana of $8 million Diluted EPS of $0.06 Adjusted EBITDA of $162 million Diluted adjusted EPS of $0.08 Free cash flow of $167 million, an increase of $180 million MAUMEE, Ohio , August 3, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the second quarter of 2022. "While strong demand, the launching of our new business backlog, and the recovery of commodity costs continued to fuel sales growth for Dana in the second quarter, margins were impacted as a result of record inflation and rising material costs, ongoing supply-chain disruptions, and volatile customer demand schedules that are affecting the entire mobility industry," said James Kamsickas, Dana chairman and chief executive officer.

Dana Incorporated Reports Second-quarter 2022 Financial Results, Generates Strong Free Cash Flow and Maintains Sales Guidance

MAUMEE, Ohio , July 25, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2022 second-quarter financial results on Wednesday, August 3, 2022.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2022 Second-quarter Financial Results, Host Conference Call and Webcast on August 3

Dana Incorporated has not fared well at all in recent months, despite the fact that its top and bottom line performance has been generally positive. The company is currently experiencing some bottom line pain this year, but management has high expectations for 2022 as a whole.

Dana: Its Recent Decline Represents A Valuable Opportunity

MAUMEE, Ohio , June 17, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its operation in Birmingham, United Kingdom, has been awarded a $2.7 million (£2 million) grant to develop an e-Powertrain for OX Delivers — the world's first flat-pack utility vehicle destined for emerging markets in Africa. The OX Delivers truck has been engineered to tackle the toughest terrain and will be shipped as a flat pack and assembled in the destination country.

Dana Awarded $2.7 Million Grant to Develop e-Powertrain for OX Delivers

MAUMEE, Ohio , May 10, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has confirmed its strategic supply relationship with current OEM partner Lion Electric Co. to support its line-up of electric buses as well as medium- and heavy-duty trucks. The strategic relationship covers the supply of the electric drive systems, including electric motors, inverters, and controllers, as well as axles and driveshafts for all Lion Electric platforms, including the LionA, LionC, LionD, LionM, Lion6, and Lion8.

Dana and Lion Electric Co. Announce Long-term Agreement for Electrified Systems

MAUMEE, Ohio , April 28, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the virtual Oppenheimer 17th Annual Industrial Growth Conference on May 3, 2022. Beginning at 12:45 p.m.

Dana Incorporated to Participate in Oppenheimer Industrial Growth and Wells Fargo Industrials Conferences

Dana Incorporated (NYSE:DAN ) Q1 2022 Earnings Conference Call April 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 Colin Langan – Wells Fargo Aileen Smith – Bank of America Brian Johnson – Barclays James Picariello – BNP Paribas Exane Emmanuel Rosner – Deutsche Bank Dan Levy – Credit Suisse Rod Lache – Wolfe Research Noah Kaye – Oppenheimer Ryan Brinkman – JPMorgan Joseph Spak – RBC Capital Markets Operator Good morning, and welcome to Dana Incorporated's First Quarter Financial Webcast and Conference Call. My name is Reen, and I'll be your conference facilitator.

Dana's (DAN) CEO Jim Kamsickas on Q1 2022 Results - Earnings Call Transcript

Dana (DAN) delivered earnings and revenue surprises of 14.29% and 10.77%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Dana (DAN) Q1 Earnings and Revenues Surpass Estimates

Key Highlights Sales of $2.48 billion, an increase of $217 million Net income attributable to Dana of $17 million Diluted EPS of $0.12 Adjusted net income attributable to Dana of $23 million Adjusted EBITDA of $170 million Diluted adjusted EPS of $0.16 Repurchased approximately 1.5 million shares of common stock during the first quarter of 2022 MAUMEE, Ohio , April 27, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the first quarter of 2022. "Dana saw continued sales growth in the first quarter despite record inflation, rising commodity costs, and ongoing global supply-chain disruptions," said James Kamsickas, Dana chairman and CEO.

Dana Incorporated Reports 2022 First-quarter Financial Results

MAUMEE, Ohio , April 25, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has secured a leading spot across the Automotive News PACE and PACEpilot Award programs with five innovative electrification technologies being named to the lists. Now in its 28th year, the prestigious PACE Awards program recognizes suppliers for game-changing technologies that deliver superior innovation, technological advancement, and business performance.

Dana Leads Automotive News PACE Award Nominations List with Five Electrification Innovations

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.

Earnings Preview: Dana (DAN) Q1 Earnings Expected to Decline

MAUMEE, Ohio , April 13, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2022 first-quarter financial results on Wednesday, April 27, 2022.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2022 First-quarter Financial Results, Host Conference Call and Webcast on April 27

MAUMEE, Ohio , April 7, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has received Leadership in Energy and Environmental Design (LEED) certification for its Sustainable Mobility Center, located on its World Headquarters campus in Maumee, Ohio, United States. Dana's state-of-the-art Sustainable Mobility Center serves as an engineering center of excellence for e-Propulsion products, including the development of electric motors and upfitting of electric vehicles with complete e-Propulsion systems.

Dana's New Sustainable Mobility Center Awarded LEED Certification

MAUMEE, Ohio , March 23, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been recognized by PACCAR, Inc., as a recipient of its 2021 North American Supplier Performance Management (SPM) Achiever Award and its 2021 10 parts per million (PPM) Quality Award at four manufacturing facilities. The PACCAR SPM Award evaluates suppliers on cross-functional key performance indicators in the areas of product development, operations, and aftermarket support, and alignment with PACCAR's key business objectives.

Dana Earns PACCAR Performance, Quality Awards

General Motors

MAUMEE, Ohio, March 21, 2022 /PRNewswire/ -- Dana Incorporated (NYSE:DAN) announced today that it has been recognized by General Motors as an Overdrive Award winner as part of GM's 30th annual Supplier of the Year awards, marking the fifth consecutive year Dana has been honored as a top supplier by GM.  Dana was one of 31 companies from 12 countries to earn an Overdrive Award for 2021.

Dana Named 'Overdrive' Award Winner by General Motors, Honored as Top Supplier for Fifth Consecutive Year

Dana has been hit hard as unrecoverable input cost inflation and production disruptions have delivered serious blows to near-term profitability.

Serious Margin Challenges At Dana Prove Too Spicy For The Street

Dana Incorporated (DAN) CEO James Kamsickas on Q4 2021 Results - Earnings Call Transcript

Dana (DAN) delivered earnings and revenue surprises of -100% and 3.49%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Dana (DAN) Reports Break-Even Earnings for Q4

MAUMEE, Ohio, Feb. 23, 2022 /PRNewswire/ -- Full-year Results Sales of $8.9 billion, an increase of $1.8 billion Net income attributable to Dana of $197 million, an increase of $228 million Diluted EPS of $1.35, an increase of $1.56 Adjusted EBITDA of $795 million; margin of 8.9 percent of sales Diluted adjusted EPS of $1.66, an improvement of $1.27 Operating cash flow of $158 million Dana Incorporated (NYSE: DAN) today announced financial results for the fourth quarter and full-year 2021. "Despite a year of unprecedented challenges impacting the global mobility industry, including substantial supply-chain constraints and cost inflation, Dana had significantly stronger sales, Adjusted EBITDA, and Adjusted EPS in 2021," said James Kamsickas, Dana chairman and CEO.

Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022

MAUMEE, Ohio, Feb. 21, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its innovative technologies are featured on the 2022 Ford Maverick™ and Ford® Bronco®, the North American Truck and SUV of the Year, respectively.  "Dana has been working with Ford since it provided driveline technologies for the revolutionary Model T, and we are proud to continue collaborating with them in bringing innovative solutions to some of the world's most iconic vehicles," said Byron Foster, president of Light Vehicle Drive Systems for Dana.

Dana Technology Featured on 2022 North American Truck and SUV of the Year

MAUMEE, Ohio, Feb. 16, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the Wolfe Research Virtual Global Auto, Auto Tech, and Mobility Conference on Feb. 24, 2022.  Beginning at 8:50 a.m.

Dana Incorporated to Participate in Wolfe Research Virtual Global Auto, Auto Tech, and Mobility Conference

MAUMEE, Ohio, Feb. 9, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2021 fourth-quarter and full-year financial results on Wednesday, Feb. 23, 2022.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2021 Fourth-quarter and Full-year Financial Results, Host Conference Call and Webcast on February 23

U.S. President Joe Biden has united automakers and set an ambitious target for 50% of vehicles sold to be electric vehicles (EVs) by 2030. To accomplish this humongous task, traditional automakers must now convert to electric if they want to remain relevant.

Carl Icahn's Bullish Bet on Electric Vehicles

MAUMEE, Ohio, Feb. 7, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it placed in the 90th percentile for the Automotive Sector on the S&P Global Corporate Sustainability Assessment (CSA) in its first year participating in the assessment. The company was also recognized with the S&P Global 2022 Sustainability Yearbook Member Award, which honors the top performing companies by industry.

Dana Scores in 90th Percentile for Automotive Sector on S&P Global Corporate Sustainability Assessment

MAUMEE, Ohio, Jan. 26, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the launch of Brevini™ S-Series industrial planetary gearboxes specifically engineered to address the durability and reliability requirements of biogas production and wastewater treatment facilities. Available now, Brevini S-Series gearboxes with maximum output torques up to 290 kNm are customized to drive the mixing systems used in digesters to facilitate heat transfer and keep temperatures uniform for the production of fuel-quality biogases.

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