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 (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.

Dana (DAN) Earnings Expected to Grow: Should You Buy?

MAUMEE, Ohio, Oct. 14, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2021 third-quarter financial results on Tuesday, Oct. 26, 2021.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2021 Third-quarter Financial Results, Host Conference Call and Webcast on October 26

Dana Inc (NYSE: DAN) has signed a long-term cooperation agreement with Robert Bosch GmbH to mass-produce metallic bipolar plates for fuel-cell stacks.  Dana's metallic bipolar plates are an integral component in the fuel cell stack and help OEMs realize the commercialization of fuel-cell-powered mobility.

Dana Partners With Robert Bosch For Metallic Bipolar Plates

MAUMEE, Ohio, Sept. 28, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) is hosting a Capital Markets Day webcast beginning at 10 a.m.

Dana to Host Virtual Capital Markets Day Today at 10 a.m. EDT

MAUMEE, Ohio, Sept. 15, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will be hosting a Capital Markets Day at its world headquarters in Maumee, Ohio, on Sept.

Dana Incorporated to Host Virtual Capital Markets Day

Dana Inc (NYSE: DAN) has launched the new Spicer Electrified e-Powershift transmission, a two-speed solution offering power take-off (PTO) functionality for electrified heavy-duty mining vehicles. The dual-motor version of the e-Powershift transmission supports continuous power outputs up to 322 horsepower (240 kW), while the single-motor configuration is engineered for 161 horsepower (120 kW) of continuous output.

Dana Launches New e-Powershift Transmission For Mining Vehicles

LAS VEGAS, Sept. 13, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced upgrades to the company's line of Brevini™ helical and bevel helical gearboxes used in mining and bulk material handling applications.

Dana Upgrades Power Density, Torque Range of Brevini™ Helical and Bevel Helical Gearboxes for Industrial Mining Applications

LAS VEGAS, Sept. 13, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today debuted the new Spicer Electrified™ e-Powershift transmission, a modular and flexible two-speed solution that offers power take-off (PTO) functionality for electrified heavy-duty mining vehicles.

Dana Accelerates Electrification of Underground Mining Vehicles with New High-Efficiency e-Powershift Transmission

MAUMEE, Ohio, Sept. 7, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the 2021 RBC Capital Markets Global Industrials Virtual Conference on Sept.

Dana Incorporated to Participate in 2021 RBC Capital Markets Global Industrials Virtual Conference

Dana (DAN) closed the most recent trading day at $23.05, moving +0.17% from the previous trading session.

Dana (DAN) Gains But Lags Market: What You Should Know

LONG BEACH, Calif., Sept. 1, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it will begin production of its eS9000r e-Axle – the first in a line of Spicer Electrified™ Zero-6 e-Axles – to support the market launch of the Freightliner Custom Chassis Corporation (FCCC) all-electric MT50e medium-duty last-mile delivery vehicle.

Dana Launches e-Axle Production for Freightliner Custom Chassis Corporation Zero-Emission Electric Delivery Vehicle

LONG BEACH, Calif. , Sept. 1, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced an expansion of its Spicer Electrified™ e-Powertrain offerings to include a family of single and tandem e-Axles designed for a wide variety of Class 7 and 8 applications.

Dana Launches e-Axles for Class 7 and 8 Vehicles, Expanding Commercially Available Heavy-Duty e-Powertrain Offerings

Dana Incorporated (DAN) CEO James Kamsickas on Q2 2021 Results - Earnings Call Transcript

Dana Inc (NYSE: DAN) reported second-quarter FY21 sales growth of 104% year-on-year, to $2.21 billion, beating the analyst consensus of $2.11 billion. Sales from Light Vehicle shot up 164% Y/Y to $890 million, Commercial Vehicle rose 90.6% to $387 million, Off-Highway increased 68.1% to $669 million, and Power Technologies rose 85% to $259 million.

Dana Q2 Result Beats Consensus; Backs FY21 Outlook

Shares of Dana (NYSE:DAN) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 185.51% year over year to $0.59, which beat the estimate of $0.53.

Recap: Dana Q2 Earnings

MAUMEE, Ohio, July 30, 2021 /PRNewswire/ -- Key Highlights Sales of $2.2 billion, an increase of $1.1 billion Net income attributable to Dana of $53 million, an increase of $227 million Diluted EPS of $0.36, an increase of $1.56 Adjusted EBITDA of $233 million, an increase of $238 million; margin of 10.6 percent of sales Diluted adjusted EPS of $0.59, an increase of $1.28 Operating cash flow of $67 million, an increase of $142 million Continues environmental leadership with the adoption of science-based targets Dana Incorporated (NYSE: DAN) today announced financial results for the second quarter of 2021. "Dana delivered strong performance in the second quarter as a result of ongoing strong demand across all three of our end markets," said James Kamsickas, Dana chairman and CEO.

Dana Incorporated Reports Robust 2021 Second-quarter Financial Results; Reiterates Full-year Guidance Ranges Driven by Strong Demand

MAUMEE, Ohio, and LEEDS, U.K., July 29, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN), a global leader in drivetrain and e-propulsion systems, and Switch Mobility Ltd. ('Switch Mobility' or 'the company'), the electrified commercial vehicles company and subsidiary of Ashok Leyland Ltd, a leading commercial-vehicle manufacturer, announced today the signing of a strategic agreement between the two entities.

Dana and Switch Mobility Partner on Electrified Commercial Vehicles

While surging sales across all segments are likely to have supported Dana's (DAN) Q2 performance, rising raw material costs might have dented the company's margins.

Factors Shaping the Fate of Dana Incorporated's (DAN) Q2 Earnings

Despite a strong first quarter, the market remains unconvinced. Dana looks to be in pole position to benefit from the world's transition to electric vehicles.

Dana: Strong Expected Growth Undermined By High Leverage

MAUMEE, Ohio, July 15, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2021 second-quarter financial results on Friday, July 30, 2021.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2021 Second-quarter Financial Results, Host Conference Call and Webcast on July 30

MAUMEE, Ohio, July 13, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the launch of the Spicer® HVT1, an advanced powersplit transmission that enables the superior performance and sustainability of agriculture telehandlers. The Spicer HVT1 supports power inputs from 110 to 155 horsepower (80 to 115 kW) and offers fuel savings of up to 30 percent when compared with agriculture telehandlers that use conventional transmissions.

Dana Introduces Spicer® HVT1 Transmission Specifically Engineered to Improve Efficiency, Performance of Agriculture Telehandlers

MAUMEE, Ohio, July 12, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will accelerate its plans to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by at least 50 percent by 2030, ahead of its original target of 2035 that was announced in October 2020.  The company has also signed a commitment letter with the Science Based Target initiative (SBTi) to help set the company's future emissions targets.

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