Dana Inc - DAN STOCK NEWS

Dana has secured its 10th Automotive News PACE Award for its innovative Graziano™ modular high-performance hybrid 8-speed dual clutch transmission. The award-winning transmission, designed for applications exceeding 1,000-horsepower, features both transversal and longitudinal variants, with the transversal layout being first-of-its-kind in its segment.

The transmission platform delivers class-leading power density performance and improved vehicle weight distribution. Chief Technology Officer Seth Metzger highlighted the system's performance and adaptability, enabling OEMs to create enhanced driving experiences.

Based in Maumee, Ohio, Dana reported $10.3 billion in sales for 2024, employing 39,000 people across 30 countries. The company has earned recognition as one of the "World's Most Ethical Companies" for 2025 by Ethisphere and "America's Most Responsible Companies 2025" by Newsweek.

Dana Incorporated (NYSE: DAN) has been awarded the 2025 Supplier of the Year Award by FleetPride, the largest independent distributor of aftermarket heavy duty parts and service. The recognition was presented by Michael Keller, FleetPride's vice president of category management and strategic sourcing.

The award acknowledges Dana's excellence in Communication, Partnership, Innovation, Training, and Growth. Key achievements include establishing strong organizational relationships, maintaining transparent communication, operating a real-time call center handling thousands of customer inquiries, and leading product innovation initiatives. Dana also demonstrated strong support for program enhancements and marketing opportunities while leveraging data analytics and scorecard reporting for continuous improvement.

Bill Nunnery, senior director of aftermarket sales and marketing at Dana, emphasized the company's commitment to customer service, innovative products, marketing excellence, and digital solutions as key factors in winning this prestigious recognition.

Dana Incorporated (NYSE: DAN) has announced a quarterly dividend payment of $0.10 per share, payable on May 31, 2025, to shareholders of record as of May 10. The company, headquartered in Maumee, Ohio, reported sales of $10.3 billion in 2024 and employs 39,000 people across 30 countries.

Dana specializes in designing and manufacturing propulsion and energy-management solutions for global mobility markets, offering drive and motion systems, electrodynamic technologies, and thermal, sealing, and digital solutions. The company was recognized among the 'World's Most Ethical Companies' for 2025 by Ethisphere and as one of 'America's Most Responsible Companies 2025' by Newsweek.

Dana Incorporated (NYSE: DAN) has announced a quarterly dividend payment on its common stock. The company's board of directors declared a dividend of $0.10 per share, which will be payable on May 30, 2025, to stockholders of record as of May 9.

Dana, headquartered in Maumee, Ohio, is a global leader in propulsion and energy-management solutions for mobility markets. The company reported sales of $10.3 billion in 2024 and employs 39,000 people across 30 countries. Their product portfolio includes drive and motion systems, electrodynamic technologies, and thermal, sealing, and digital solutions.

The company has earned recognition as one of the 'World's Most Ethical Companies' for 2025 by Ethisphere and was named among 'America's Most Responsible Companies 2025' by Newsweek. Founded in 1904, Dana maintains a high-performance culture focused on valuing others, innovation, responsible growth, and collective success.

Dana Incorporated (NYSE: DAN) has scheduled the release of its 2025 first-quarter financial results for Wednesday, April 30, 2025. The company will issue a press release at approximately 7 a.m. EDT, followed by a conference call and webcast at 9 a.m. EDT featuring senior management discussions.

Dana, headquartered in Maumee, Ohio, is a global leader in propulsion and energy-management solutions across all mobility markets. The company reported sales of $10.3 billion in 2024 and employs 39,000 people across 30 countries. Their product portfolio includes drive and motion systems, electrodynamic technologies, and thermal, sealing, and digital solutions.

Dana showcased its comprehensive portfolio of drive and motion solutions at Bauma 2025 in Munich, emphasizing sustainability across internal-combustion, hybrid, and electric equipment. The company presented three key integrated drive solutions: a zero-emission system for compact wheel loaders featuring the Spicer® eSG001 e-Transmission, a high-efficiency drivetrain for mid-sized machines compatible with alternative fuels, and an enhanced ICE system for wheeled excavators.

Notable innovations include the Spicer® HVT2 powersplit transmission, which reduces fuel consumption by up to 30 percent, and the new Brevini® S270 planetary gearbox for stationary mining applications. The company also highlighted its Dana Certified Reman program, available in Europe, North America, and China, which supports sustainability by remanufacturing Spicer components to original performance specifications while reducing environmental impact.

Dana Incorporated (NYSE: DAN) has announced its participation in the upcoming Wolfe Research Virtual Autos Summit scheduled for March 18, 2025. The company's Senior Vice President and Chief Financial Officer Timothy Kraus will lead a virtual fireside chat starting at 2:10 p.m. EDT, lasting approximately 40 minutes.

Interested participants can access the webcast through Dana's Investor website at www.dana.com/investors, with access information to be posted prior to the event.

Dana Incorporated (NYSE: DAN) reported its 2024 financial results, showing mixed performance. Sales decreased to $10.3 billion, down $271 million from 2023, primarily due to lower demand across all markets. Despite lower sales, the company achieved improved profitability metrics, with adjusted EBITDA increasing by $40 million to $885 million and margin improving by 60 basis points to 8.6%.

The company reported a net loss of $57 million in 2024, compared to a net income of $38 million in 2023, mainly due to higher restructuring charges. However, free cash flow improved to $70 million, a $95 million increase over 2023. Dana announced a significant cost-reduction program targeting $300 million in annualized savings by 2026, with over $100 million already achieved.

For 2025, Dana projects sales of $9.525-$10.025 billion, adjusted EBITDA of $925-$1,025 million, and free cash flow of $175-$275 million, representing a 10% increase in adjusted EBITDA and $155 million increase in free cash flow.

Dana Incorporated (NYSE: DAN) has announced its board of directors' declaration of a quarterly dividend of $0.10 per share, payable on March 21, 2025, to shareholders of record as of February 28. The company, headquartered in Maumee, Ohio, is a global leader in propulsion and energy-management solutions across all mobility markets.

Dana reported sales of $10.6 billion in 2023 and employs 42,000 people across 31 countries. The company specializes in drive and motion systems, electrodynamic technologies, and thermal, sealing, and digital solutions. Dana was recognized among the 'World's Most Ethical Companies' for 2023 by Ethisphere and as one of 'America's Most Responsible Companies 2024' by Newsweek.