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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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Dana (DAN) Stock?

MAUMEE, Ohio, June 28, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced a leadership change for its Light Vehicle Drive Systems business.  Industry veteran Byron Foster, who most recently served as Dana's senior vice president and chief commercial, marketing, and communications officer, will succeed Bob Pyle as president, Light Vehicle Drive Systems.

Dana Incorporated Announces Leadership Change for its Light Vehicle Drive Systems Business

MAUMEE, Ohio, June 25, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) was named a 2020 General Motors' Supplier of the Year for its driveline technologies and sealing solutions – the two product categories in which the company was eligible. Announced during the 29th annual awards, the 2020 Supplier of the Year Award winners were selected by a global team of GM purchasing, engineering, quality, manufacturing, and logistics leaders.

Dana Named a Supplier of the Year by General Motors for Driveline and Sealing Solutions

Dana Inc, a supplier of axles, driveshafts, transmissions, sealing, digital equipment and others for conventional, hybrid, and electric-powered vehicles, saw its stock fall by 10% in the last twenty-one days. In comparison, the broader S&P500 rose by 1.3% over the last twenty-one trading days.

Dana Inc's Stock Fell 13% In The Last Week, Will It Rebound?

MAUMEE, Ohio, May 24, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the virtual KeyBanc Industrials & Basic Materials Virtual Conference on June 1, 2021.  Beginning at 10:40 a.m.

Dana Incorporated to Participate in KeyBanc Industrials & Basic Materials Virtual Conference

MAUMEE, Ohio, May 14, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l., has priced its offering of €325 million aggregate principal amount of 3.000% Senior Notes due 2029 (the "2029 Notes").

Dana Prices €325 Million Senior Notes Offering

MAUMEE, Ohio, May 13, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced that as of 5:00 p.m., New York City time, on May 12, 2021 (the "Early Tender Time"), holders of approximately $254 million aggregate principal amount, or approximately 60% of the outstanding principal amount, of its outstanding 5.500% Senior Notes due 2024 (the "2024 Notes") had tendered their 2024 Notes pursuant to Dana's previously announced tender offer and consent solicitation (the "Tender Offer and Consent Solicitation").

Dana Announces Early Results of Tender Offer and Consent Solicitation for 2024 Notes

MAUMEE, Ohio, May 11, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l., is proposing to issue €325 million aggregate principal amount of senior unsecured notes due 2029 (the "2029 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 €325 Million Senior Notes Offering

MAUMEE, Ohio, May 6, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has received the inaugural Sustainability Award in Automotive from the ATZ/MTZ Group and Roland Berger for its Holistic Sustainability Approach. The award recognizes companies with developed mobility solutions that take the environment and resources into account in a future-oriented and sustainable manner.

Dana Honored for its Holistic Approach to Sustainability

MAUMEE, Ohio, April 29, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced that it is commencing, subject to market conditions, a registered offering of $400 million aggregate principal amount of senior unsecured notes due 2030. The company intends to allocate the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green projects as described in Dana's Green Financing Framework, which is available on Dana's website at www.dana.com/greenbond Citigroup Global Markets Inc.; Barclays Capital Inc.; BMO Capital Markets Corp.; BofA Securities; Credit Suisse Securities (USA) LLC; Goldman Sachs & Co. LLC; J.P.

Dana Launches $400 Million Senior Notes Offering

MAUMEE, Ohio, April 29, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) ("Dana") today announced the commencement of a cash tender offer (the "Offer") to purchase any and all of the outstanding $425 million aggregate principal amount of its 5.500% Senior Notes due 2024 (CUSIP No. 235825AE6) (the "Notes"), upon the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated April 29, 2021 (the "Statement").

Dana Incorporated Announces Tender Offer and Consent Solicitation for 2024 Notes

Dana Incorporated (DAN) CEO James Kamsickas on Q1 2021 Results - Earnings Call Transcript

Commercial vehicle driveline supplier Dana Inc. (NYSE: DAN) beat top and bottom line analyst expectations in Q1 despite supply chain constraints and rising commodity prices. The Maumee, Ohio-based company experienced less exposure to the global semiconductor shortage than it expected.

Dana raises sales and profit estimates after strong Q1 results

Dana (DAN) delivered earnings and revenue surprises of 43.48% and 11.92%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Dana (DAN) Q1 Earnings and Revenues Beat Estimates

Shares of Dana (NYSE:DAN) fell 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 40.43% year over year to $0.66, which beat the estimate of $0.47.

Recap: Dana Q1 Earnings

MAUMEE, Ohio, April 28, 2021 /PRNewswire/ -- Key Highlights Sales of $2.3 billion, an increase of $337 million Net income attributable to Dana of $71 million, an increase of $13 million Diluted EPS of $0.48, an increase of $0.08 Adjusted net income attributable to Dana of $97 million, an increase of $29 million Adjusted EBITDA of $234 million, margin of 10.3 percent of sales Diluted adjusted EPS of $0.66 Operating cash flow of $27 million Acquisition of Pi Innovo LLC, further enhances e-Propulsion software, controls, and electronics capabilities Dana Incorporated (NYSE: DAN) today announced financial results for the first quarter of 2021. "Dana realized higher sales of $2.3 billion in the first quarter as a result of continued strength in the light-truck market, as well as growth in both the commercial-vehicle and off-highway markets," said James Kamsickas, Dana chairman and CEO.

Dana Incorporated Reports Strong 2021 First-quarter Financial Results; Including Higher Sales; Raises Full-year Guidance

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DAN vs. NIU: Which Stock Is the Better Value Option?

SHANGHAI, April 19, 2021 /PRNewswire/ -- Today at Auto Shanghai, Dana Incorporated (NYSE: DAN) announced the expansion of the company's comprehensive support for sustainability initiatives in China. These measures align with the carbon neutrality targets in China's 14th Five-Year Plan by adding new technologies and engineering capabilities for vehicle manufacturers while bolstering Dana's internal measures to be more environmentally responsible.

Dana Demonstrates Alignment with China's 14th Five-Year Plan through Vehicle Electrification, Corporate Sustainability

SHANGHAI, April 19, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that the company is now supporting an expanded roster of Ford Motor Company all-wheel-drive vehicle programs from its state-of-the-art manufacturing facility in Chongqing, China. Dana recently began producing its award-winning Spicer AdvanTEK Ultra™ axles with Spicer SmartConnect™ disconnecting all-wheel-drive (AWD) systems for the Ford® Escape®, Lincoln® Nautilus®, and Lincoln® Corsair®.

Dana Expands Production of All-Wheel-Drive Axle Systems to Support Additional Ford, Lincoln Vehicle Programs in China

MAUMEE, Ohio, April 16, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that its Spicer® driveline technologies, including Dana 60™ front beam drive axles, Dana 80™ AdvanTEK® dual-rear wheel heavy-duty beam drive axles, and Spicer® SPL® propshafts, are featured on the Ford® F-600 Super Duty, winner of the 2021 Medium-Duty Truck of the Year award from Work Truck magazine. Since 2008, Dana has provided the complete driveline on 12 of the 14 Work Truck magazine Truck of the Year vehicles, demonstrating its dedication to providing high-quality, dependable solutions that meet evolving customer needs.

Spicer® Driveline Featured on 2021 Medium-Duty Truck of the Year

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3 Stocks With Upgraded Broker Ratings Worth Buying Right Now

MAUMEE, Ohio, April 12, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN), a global leader in the design and manufacture of highly efficient propulsion and energy-management solutions for all mobility markets, will showcase solutions for industrial transformation in the mobility sector at the 2021 Hannover Messe virtual tradeshow.  Dana will highlight its metallic and composite bipolar plate technology for fuel cell stacks at the conference taking place April 12-16, 2021.

Fuel Cell Bipolar Plates Technology from Dana Inc. Featured at Hannover Messe

MAUMEE, Ohio, April 9, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2021 first-quarter financial results on Wednesday, April 28, 2021.  A press release will be issued at approximately 7 a.m.

Dana Incorporated to Announce 2021 First-quarter Financial Results, Host Conference Call and Webcast on April 28

MAUMEE, Ohio, March 25, 2021 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the virtual BofA Securities Global Automotive Summit on March 30, 2021.  Beginning at 2:10 p.m.

Dana Incorporated to Participate in BofA Securities Global Automotive Summit

MAUMEE, Ohio, March 15, 2021 /PRNewswire/ -- Dana's operations in Crescentino, Italy, have earned recognition as a Partner-level supplier for 2020 and was inducted into the Supplier Hall of Fame in the John Deere Achieving Excellence Program.  Hall of Fame status is given after a supplier attains a Partner-level rating for five consecutive years.

News for Dana Incorporated Stock (DAN)