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Dana Incorporated Reports 2025 First-quarter Financial Results in Line with Expectations; Maintained Sales and Adjusted EBITDA Guidance Ranges

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Dana reported its Q1 2025 financial results with sales of $2.4 billion and net income of $25 million ($0.17 per share). The company maintained its sales and adjusted EBITDA guidance ranges for 2025.

Key highlights include:

  • Adjusted EBITDA of $188 million with 8.0% margin
  • Operating cash flow was negative $37 million
  • Cost-savings plan accelerated to target $225 million in 2025

The company is proceeding with the sale of its Off-Highway business and managing tariff impacts through mitigation actions and customer recoveries. Dana's 2025 outlook projects:

  • Sales range: $9.525-$10.025 billion
  • Adjusted EBITDA: $925-$1,025 million
  • Operating cash flow: $500-$600 million
  • Adjusted free cash flow: $175-$275 million
  • Diluted Adjusted EPS: $1.15-$1.65

Dana ha comunicato i risultati finanziari del primo trimestre 2025 con vendite per 2,4 miliardi di dollari e un utile netto di 25 milioni di dollari (0,17 dollari per azione). L'azienda ha confermato le previsioni di vendita e di EBITDA rettificato per il 2025.

I punti salienti includono:

  • EBITDA rettificato di 188 milioni di dollari con un margine dell'8,0%
  • Flusso di cassa operativo negativo per 37 milioni di dollari
  • Piano di riduzione dei costi accelerato con l'obiettivo di 225 milioni di dollari nel 2025

L'azienda procede con la vendita del suo business Off-Highway e gestisce gli impatti tariffari attraverso azioni di mitigazione e recuperi dai clienti. Le previsioni per il 2025 di Dana sono:

  • Fascia di vendite: 9,525-10,025 miliardi di dollari
  • EBITDA rettificato: 925-1.025 milioni di dollari
  • Flusso di cassa operativo: 500-600 milioni di dollari
  • Flusso di cassa libero rettificato: 175-275 milioni di dollari
  • Utile per azione diluito rettificato: 1,15-1,65 dollari

Dana informó sus resultados financieros del primer trimestre de 2025 con ventas de 2.4 mil millones de dólares y un ingreso neto de 25 millones de dólares (0.17 dólares por acción). La compañía mantuvo sus rangos de guía para ventas y EBITDA ajustado para 2025.

Los aspectos clave incluyen:

  • EBITDA ajustado de 188 millones de dólares con un margen del 8.0%
  • Flujo de caja operativo negativo de 37 millones de dólares
  • Plan de ahorro de costos acelerado para alcanzar 225 millones de dólares en 2025

La empresa continúa con la venta de su negocio Off-Highway y gestiona los impactos arancelarios mediante acciones de mitigación y recuperaciones de clientes. Las perspectivas de Dana para 2025 son:

  • Rango de ventas: 9,525-10,025 mil millones de dólares
  • EBITDA ajustado: 925-1,025 millones de dólares
  • Flujo de caja operativo: 500-600 millones de dólares
  • Flujo de caja libre ajustado: 175-275 millones de dólares
  • EPS ajustado diluido: 1.15-1.65 dólares

Dana는 2025년 1분기 재무 실적을 발표하며 매출액 24억 달러와 순이익 2,500만 달러(주당 0.17달러)를 기록했습니다. 회사는 2025년 매출 및 조정 EBITDA 가이던스 범위를 유지했습니다.

주요 내용은 다음과 같습니다:

  • 조정 EBITDA 1억 8,800만 달러, 마진 8.0%
  • 영업 현금 흐름은 마이너스 3,700만 달러
  • 2025년 목표 2억 2,500만 달러의 비용 절감 계획 가속화

회사는 오프하이웨이 사업 매각을 진행 중이며, 관세 영향은 완화 조치와 고객 회수를 통해 관리하고 있습니다. Dana의 2025년 전망은 다음과 같습니다:

  • 매출 범위: 95.25억~100.25억 달러
  • 조정 EBITDA: 9억 2,500만~10억 2,500만 달러
  • 영업 현금 흐름: 5억~6억 달러
  • 조정 자유 현금 흐름: 1억 7,500만~2억 7,500만 달러
  • 희석 조정 주당순이익: 1.15~1.65 달러

Dana a publié ses résultats financiers du premier trimestre 2025 avec un chiffre d'affaires de 2,4 milliards de dollars et un bénéfice net de 25 millions de dollars (0,17 dollar par action). L'entreprise a maintenu ses prévisions de ventes et d'EBITDA ajusté pour 2025.

Les points clés incluent :

  • EBITDA ajusté de 188 millions de dollars avec une marge de 8,0 %
  • Flux de trésorerie d'exploitation négatif de 37 millions de dollars
  • Plan d'économies accéléré visant 225 millions de dollars en 2025

L'entreprise poursuit la vente de son activité Off-Highway et gère les impacts tarifaires par des actions d'atténuation et des récupérations auprès des clients. Les perspectives de Dana pour 2025 sont :

  • Fourchette de ventes : 9,525 à 10,025 milliards de dollars
  • EBITDA ajusté : 925 à 1 025 millions de dollars
  • Flux de trésorerie d'exploitation : 500 à 600 millions de dollars
  • Flux de trésorerie libre ajusté : 175 à 275 millions de dollars
  • Bénéfice dilué ajusté par action : 1,15 à 1,65 dollar

Dana meldete seine Finanzergebnisse für das erste Quartal 2025 mit einem Umsatz von 2,4 Milliarden US-Dollar und einem Nettogewinn von 25 Millionen US-Dollar (0,17 US-Dollar pro Aktie). Das Unternehmen bestätigte seine Prognosen für Umsatz und bereinigtes EBITDA für 2025.

Wichtige Highlights sind:

  • Bereinigtes EBITDA von 188 Millionen US-Dollar mit einer Marge von 8,0 %
  • Operativer Cashflow war negativ mit 37 Millionen US-Dollar
  • Beschleunigter Kosteneinsparungsplan mit dem Ziel von 225 Millionen US-Dollar im Jahr 2025

Das Unternehmen setzt den Verkauf seines Off-Highway-Geschäfts fort und steuert Tarifauswirkungen durch Minderungsmaßnahmen und Kundenerstattungen. Die Prognose von Dana für 2025 lautet:

  • Umsatzspanne: 9,525 bis 10,025 Milliarden US-Dollar
  • Bereinigtes EBITDA: 925 bis 1.025 Millionen US-Dollar
  • Operativer Cashflow: 500 bis 600 Millionen US-Dollar
  • Bereinigter Free Cashflow: 175 bis 275 Millionen US-Dollar
  • Verwässertes bereinigtes Ergebnis je Aktie: 1,15 bis 1,65 US-Dollar
Positive
  • Net income increased to $25M ($0.17/share) in Q1 2025 from $3M ($0.02/share) in Q1 2024
  • Operating cash flow improved with lower cash use of $37M vs $102M in Q1 2024
  • Cost-savings plan accelerated to $225M target for 2025
  • Maintained full-year adjusted EBITDA guidance of $925M-$1,025M
  • Sales guidance increased slightly due to tariff recoveries and currency translation
Negative
  • Q1 2025 sales declined to $2.35B from $2.74B in Q1 2024
  • Adjusted EBITDA decreased to $188M from $223M year-over-year
  • Adjusted EBITDA margin slightly declined to 8.0% from 8.2% in Q1 2024
  • Negative operating cash flow of $37M in Q1 2025
  • Previous European Off-Highway hydraulics business sale agreement terminated
  • Weaker end-market demand noted in guidance update

Insights

Dana's Q1 mixed results maintain EBITDA guidance despite sales decline; accelerated cost-savings plan aims to offset market and tariff challenges.

Dana Incorporated's Q1 2025 results show a company balancing challenges with strategic transformation initiatives. Sales declined 14.1% to $2.35 billion compared to $2.74 billion in Q1 2024, reflecting weaker end-market demand. Net income improved to $25 million ($0.17 per share) from $3 million ($0.02 per share), though this improvement largely reflects the absence of a $29 million loss on a discontinued sale transaction that affected prior year results.

More revealing is the substantial decline in adjusted net income to $19 million ($0.13 per share) from $37 million ($0.26 per share) last year—a 48.6% drop. Adjusted EBITDA decreased to $188 million (8.0% of sales) from $223 million (8.2%), showing slight margin compression despite cost-saving initiatives.

Cash flow management demonstrates marked improvement with operating cash outflow reduced to $37 million versus $102 million in Q1 2024. Similarly, adjusted free cash flow use improved to $101 million from $168 million, reflecting enhanced working capital discipline.

The company has accelerated its cost-savings program, now targeting $225 million in 2025 alone as part of a larger $300 million initiative. This acceleration indicates urgency in offsetting margin pressures from tariffs and inflation.

Despite challenges, Dana maintained its 2025 adjusted EBITDA guidance of $925-$1,025 million with implied margins of 9.7-10.2%, while expecting sales above the midpoint of their $9.525-$10.025 billion range. The company's competitive process for selling its Off-Highway business represents a strategic portfolio rationalization that could sharpen focus on core operations.

Dana's accelerated cost-savings and improved cash management offset volume pressures, demonstrating manufacturing resilience amid challenging conditions.

Dana's Q1 performance exemplifies the current manufacturing sector landscape where operational efficiency trumps volume growth. The 14.1% sales decline reflects broader demand softness affecting industrial manufacturers, yet Dana's ability to maintain adjusted EBITDA margins within 0.2% of prior year levels demonstrates effective cost discipline.

The accelerated cost-savings initiative targeting $225 million in 2025 represents a proactive approach to margin protection. This acceleration from their original $300 million multi-year plan indicates they're pulling future savings forward to address immediate headwinds—a prudent move in today's manufacturing environment.

Dana's improved cash flow metrics are particularly notable. Reducing operating cash outflow by 63.7% year-over-year reflects enhanced working capital management—critical during periods of demand uncertainty. The company's disciplined approach to working capital appears to be yielding results ahead of seasonal norms for automotive suppliers.

The planned divestiture of the Off-Highway business aligns with broader manufacturing sector trends toward portfolio optimization and focus on core competencies. This strategic initiative, described as a "competitive process," suggests Dana is pursuing value creation through focused operations rather than maintaining broader diversification.

Management's statement that tariff impacts are "manageable" through mitigation actions and customer recoveries indicates they've implemented effective supply chain adjustments and negotiated pass-through arrangements. This supply chain resilience is increasingly becoming a competitive differentiator in the manufacturing sector.

Dana's maintenance of full-year EBITDA guidance despite volume challenges signals confidence in their operational transformation and efficiency initiatives. The revised sales guidance, now above the midpoint of their previous range despite weaker end-market demand, suggests they've secured tariff recovery agreements and favorable currency translation benefits that partially offset volume declines.

First Quarter Highlights

  • Sales of $2.4 billion
  • Net income attributable to Dana of $25 million, or $0.17 per share
  • Net income margin of 1 percent
  • Adjusted net income of $19 million, or $0.13 per share
  • Adjusted EBITDA of $188 million
  • Adjusted EBITDA margin of 8.0 percent
  • Operating cash flow was a use of $37 million
  • Cost-savings plan accelerated, targeting $225 million of savings in 2025

MAUMEE, Ohio, April 30, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced financial results for the first quarter of 2025.

"Our efforts to transform the company into a stronger, more focused business are gaining momentum. The sale of our Off-Highway business is underway with a competitive process. We also continue to execute our cost-savings initiative and have taken further steps to accelerate the realization of our $300 million plan," said R. Bruce McDonald, chairman and chief executive officer. "While the situation remains fluid, we believe the impact of tariffs are manageable based on completed mitigation actions and expected substantial recoveries from customers."

Sales for the first quarter of 2025 totaled $2.35 billion, compared with $2.74 billion in the same period of 2024. 

Net income attributable to Dana was $25 million, or $0.17 per share, compared with $3 million, or $0.02 per share, in the first quarter of 2024. As a percentage of sales, the first quarter of 2025 was 1 percent compared to 0.1 percent last year.

During the first quarter of 2024, Dana entered into a definitive agreement to sell its non-core European Off-Highway hydraulics business. This business was classified as held for sale, and a $29 million loss was recognized to adjust the carrying value of net assets to fair value less estimated costs to sell. This sale agreement was terminated and the transaction did not close.

Adjusted net income attributable to Dana was $19 million, or $0.13 per share, for the first quarter of 2025, compared with adjusted net income of $37 million, or $0.26 per share, in 2024.

Adjusted EBITDA for the first quarter of 2025 was $188 million or 8 percent of sales, compared with $223 million or 8.2 percent of sales for the same period in 2024. The company's cost-savings program has mitigated the margin impact of lower volumes, tariffs, and cost inflation.

Operating cash flow in the first quarter of 2025 was a use of $37 million, compared with a use of $102 million in the same period of 2024. Adjusted free cash flow was a use of $101 million, compared with a use of $168 million in the first quarter of 2024.

"Our focus on managing working capital continues to show results as we have once again improved adjusted free cash flow in the first quarter. Our cost-savings actions and efficiency improvements are helping to offset the impact of tariffs until we can affect full recovery," said Timothy Kraus, Dana senior vice president and chief financial officer. "We are maintaining our guidance ranges for most of our measures including adjusted EBITDA and we expect that sales will increase slightly due to tariff recoveries and currency translation offsetting weaker end-market demand."

Revised 2025 Financial Targets

  • Sales above the midpoint of the range of $9.525 to $10.025 billion;
  • Adjusted EBITDA of $925 to $1,025 million;
  • Implied adjusted EBITDA of 9.7% to 10.2%;
  • Operating cash flow of approximately $500 to $600 million;
  • Adjusted free cash flow of $175 to $275 million; and
  • Diluted Adjusted EPS of $1.15 to $1.65.

Dana to Host Conference Call at 9 a.m. Wednesday, April 30
Dana will discuss its first-quarter results in a conference call at 9 a.m. EDT on Wednesday, April 30. The conference call can be accessed by telephone from both domestic and international locations using the information provided below:

Conference ID: 9943139
Participant Toll-Free Dial-In Number: 1 (888) 440-5873
Participant Toll Dial-In Number: 1 (646) 960-0319

Audio streaming and slides will be available online via a link provided on the Dana investor website: www.dana.com/investors. Phone registration will be available beginning at 8:30 a.m. EDT. 

A webcast replay can be accessed via Dana's investor website following the call.

Non-GAAP Financial Information
Adjusted EBITDA is a non-GAAP financial measure which we have defined as net income (loss) before interest, income taxes, depreciation, amortization, equity grant expense, restructuring expense, non-service cost components of pension and other postretirement benefit costs and other adjustments not related to our core operations (gain/loss on debt extinguishment, pension settlements, divestitures, impairment, etc.). Adjusted EBITDA is a measure of our ability to maintain and continue to invest in our operations and provide shareholder returns. We use adjusted EBITDA in assessing the effectiveness of our business strategies, evaluating and pricing potential acquisitions and as a factor in making incentive compensation decisions. In addition to its use by management, we also believe adjusted EBITDA is a measure widely used by securities analysts, investors and others to evaluate financial performance of our company relative to other Tier 1 automotive suppliers. Adjusted EBITDA should not be considered a substitute for earnings (loss) before income taxes, net income (loss) or other results reported in accordance with GAAP. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

Adjusted net income (loss) attributable to the parent company is a non-GAAP financial measure which we have defined as net income (loss) attributable to the parent company, excluding any discrete income tax items, restructuring charges, amortization expense and other adjustments not related to our core operations (as used in adjusted EBITDA), net of any associated income tax effects. This measure is considered useful for purposes of providing investors, analysts and other interested parties with an indicator of ongoing financial performance that provides enhanced comparability to net income attributable to the parent company reported by other companies. Adjusted net income (loss) attributable to the parent company is neither intended to represent nor be an alternative measure to net income (loss) attributable to the parent company reported in accordance with GAAP.

Diluted adjusted EPS is a non-GAAP financial measure which we have defined as adjusted net income (loss) attributable to the parent company divided by adjusted diluted shares. We define adjusted diluted shares as diluted shares as determined in accordance with GAAP based on adjusted net income (loss) attributable to the parent company. This measure is considered useful for purposes of providing investors, analysts and other interested parties with an indicator of ongoing financial performance that provides enhanced comparability to EPS reported by other companies. Diluted adjusted EPS is neither intended to represent nor be an alternative measure to diluted EPS reported in accordance with GAAP.

Adjusted free cash flow is a non-GAAP financial measure which we have defined as net cash provided by (used in) operating activities less purchases of property, plant and equipment plus proceeds from sale of property, plant and equipment. We believe adjusted free cash flow is useful to investors in evaluating the operational cash flow of the company inclusive of the spending required to maintain the operations. Adjusted free cash flow is not intended to represent nor be an alternative to the measure of net cash provided by (used in) operating activities reported in accordance with GAAP. Adjusted free cash flow may not be comparable to similarly titled measures reported by other companies.

The accompanying financial information provides reconciliations of adjusted EBITDA, diluted adjusted EPS and adjusted free cash flow to the most directly comparable financial measures calculated and presented in accordance with GAAP. We have not provided a reconciliation of our adjusted EBITDA and diluted adjusted EPS outlook to the most comparable GAAP measures of net income (loss) and diluted EPS. Providing net income (loss) and diluted EPS guidance is potentially misleading and not practical given the difficulty of projecting event driven transactional and other non-core operating items that are included in net income (loss) and diluted EPS, including restructuring actions, asset impairments and certain income tax adjustments. The accompanying reconciliations of these non-GAAP measures with the most comparable GAAP measures for the historical periods presented are indicative of the reconciliations that will be prepared upon completion of the periods covered by the non-GAAP guidance.

Forward-Looking Statements
Certain statements and projections contained in this news release are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates, and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," and similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties, and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. 

Dana's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss important risk factors that could affect our business, results of operations and financial condition. The forward-looking statements in this news release speak only as of this date. Dana does not undertake any obligation to revise or update publicly any forward-looking statement for any reason.

About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.

Based in Maumee, Ohio, USA, the company reported sales of $10.3 billion in 2024 with 39,000 people in 30 countries across six continents. With a history dating to 1904, Dana was named among the "World's Most Ethical Companies" for 2025 by Ethisphere and as one of "America's Most Responsible Companies 2025" by Newsweek. The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer. Learn more at dana.com.

 

 DANA INCORPORATED






 Consolidated Statement of Operations (Unaudited)






 For the Three Months Ended March 31, 2025 and 2024















Three Months Ended

 (In millions, except per share amounts)


March 31,




2025


2024

 Net sales



$       2,352


$       2,735

 Costs and expenses





     Cost of sales


2,132


2,491

     Selling, general and administrative expenses


132


139

     Amortization of intangibles


3


3

     Restructuring charges, net


5


5

 Loss on disposal group previously held for sale




(29)

 Other income (expense), net


(8)


2

 Earnings before interest and income taxes


72


70

 Interest income


3


4

 Interest expense


39


39

 Earnings before income taxes


36


35

 Income tax expense


8


37

 Equity in earnings of affiliates


2


2

 Net income


30


-

     Less: Noncontrolling interests net income


5


5

     Less: Redeemable noncontrolling interests net loss




(8)

 Net income attributable to the parent company


$            25


$              3







 Net income per share available to common stockholders





    Basic



$         0.17


$         0.02

    Diluted



$         0.17


$         0.02







 Weighted-average shares outstanding - Basic


145.6


144.8

 Weighted-average shares outstanding - Diluted


147.0


144.8

 

 DANA INCORPORATED






 Consolidated Statement of Comprehensive Income (Unaudited)






 For the Three Months Ended March 31, 2025 and 2024



















Three Months Ended

 (In millions)


March 31,






2025


2024

 Net income


$            30


$              -

 Other comprehensive income (loss), net of tax:





     Currency translation adjustments



14


(20)

     Hedging gains and losses



18


(2)

     Defined benefit plans





1

     Other comprehensive income (loss)



32


(21)

Total comprehensive income (loss)


62


(21)

     Less: Comprehensive income attributable to noncontrolling interests



(5)


(4)

     Less: Comprehensive loss attributable to redeemable noncontrolling interests





11

Comprehensive income (loss) attributable to the parent company


$            57


$          (14)

 

 DANA INCORPORATED







 Consolidated Balance Sheet (Unaudited)







 As of March 31, 2025 and December 31, 2024














 (In millions, except share and per share amounts)


March 31,


December 31,





2025


2024

 Assets






 Current assets





 Cash and cash equivalents


$                507


$                494

 Accounts receivable





     Trade, less allowance for doubtful accounts of $17 in 2025 and $15 in 2024



1,425


1,195

     Other



236


261

 Inventories


1,617


1,547

 Other current assets


246


206

               Total current assets




4,031


3,703

 Goodwill


257


250

 Intangibles


148


150

 Deferred tax assets


579


560

 Other noncurrent assets


137


189

 Investments in affiliates


127


126

 Operating lease assets


299


293

 Property, plant and equipment, net


2,222


2,214

           Total assets




$             7,800


$             7,485








 Liabilities, redeemable noncontrolling interests and equity





 Current liabilities





 Short-term debt


$                130


$                    8

 Current portion of long-term debt


215


214

 Accounts payable


1,659


1,522

 Accrued payroll and employee benefits


273


236

 Taxes on income


90


69

 Current portion of operating lease liabilities


46


44

 Other accrued liabilities


415


468

               Total current liabilities




2,828


2,561

 Long-term debt, less debt issuance costs of $18 in 2025 and $19 in 2024


2,428


2,389

 Noncurrent operating lease liabilities


262


258

 Pension and postretirement obligations


304


295

 Other noncurrent liabilities


343


397

               Total liabilities




6,165


5,900

 Commitments and contingencies







 Redeemable noncontrolling interests




189


189

 Parent company stockholders' equity





Preferred stock, 50,000,000 shares authorized, $0.01 par value,






          no shares outstanding




-


-

Common stock, 450,000,000 shares authorized, $0.01 par value,






          145,726,212 and 144,993,614 shares outstanding




2


2

Additional paid-in capital



2,294


2,282

Retained earnings



214


204

Treasury stock, at cost (1,304,731 and 837,803 shares)



(21)


(13)

Accumulated other comprehensive loss



(1,110)


(1,142)

          Total parent company stockholders' equity




1,379


1,333

 Noncontrolling interests


67


63

          Total equity




1,446


1,396

          Total liabilities, redeemable noncontrolling interests and equity




$             7,800


$             7,485

 

 DANA INCORPORATED






 Consolidated Statement of Cash Flows (Unaudited)





 For the Three Months Ended March 31, 2025 and 2024














Three Months Ended

 (In millions)


March 31,




2025


2024

 Operating activities





 Net income


$            30


$            -

 Depreciation


96


101

 Amortization


5


5

 Amortization of deferred financing charges


1


1

 Earnings of affiliates, net of dividends received


(2)


(2)

 Stock compensation expense


13


6

 Deferred income taxes


(20)


2

 Pension expense, net




(7)

 Change in working capital


(141)


(251)

 Change in other noncurrent assets and liabilities


(15)


(4)

 Loss on disposal group previously held for sale




29

 Other, net


(4)


18

 Net cash used in operating activities


(37)


(102)







 Investing activities





 Purchases of property, plant and equipment


(75)


(70)

 Proceeds from sale of property, plant and equipment


11


4

 Settlements of undesignated derivatives


(1)


(1)

 Other, net




4

 Net cash used in investing activities


(65)


(63)







 Financing activities





 Net change in short-term debt


121


17

 Repayment of long-term debt


(4)


(27)

 Dividends paid to common stockholders


(15)


(15)

 Distributions to noncontrolling interests


(1)


(3)

 Collection of note receivable from noncontrolling interest




11

 Contributions from redeemable noncontrolling interests




9

 Other, net


(6)


9

 Net cash provided by financing activities


95


1







 Net decrease in cash, cash equivalents and restricted cash


(7)


(164)

 Cash, cash equivalents and restricted cash − beginning of period


512


563

 Effect of exchange rate changes on cash balances


18


(12)

 Cash, cash equivalents and restricted cash − end of period


$          523


$          387

 

 DANA INCORPORATED






 Reconciliation of Net Cash Used In Operating Activities to



   Adjusted Free Cash Flow (Unaudited)














Three Months Ended

 (In millions)


March 31,



2025


2024

 Net cash used in operating activities


$          (37)


$      (102)

 Purchases of property, plant and equipment


(75)


(70)

 Proceeds from sale of property, plant and equipment



11


4

 Adjusted free cash flow


$        (101)


$      (168)

 

 DANA INCORPORATED





 Segment Sales and Adjusted EBITDA (Unaudited)



 For the Three Months Ended March 31, 2025 and 2024












Three Months Ended

 (In millions)


March 31,



2025


2024

 Sales





Light Vehicle


$        1,180


$        1,324

Commercial Vehicle


568


653

Off-Highway


604


758

 Total Sales


$        2,352


$        2,735






 Adjusted EBITDA





Light Vehicle


$             68


$             78

Commercial Vehicle


44


33

Off-Highway


79


115

Corporate expenses and other net


(3)


(3)

 Adjusted EBITDA


$           188


$           223

 

 DANA INCORPORATED





 Reconciliation of Earnings Before Income Taxes to Adjusted EBITDA (Unaudited)

 For the Three Months Ended March 31, 2025 and 2024












Three Months Ended

 (In millions)


March 31,



2025


2024

 Earnings before income taxes


$             36


$             35

Interest income


(3)


(4)

Interest expense


39


39

 Earnings before interest and income taxes


72


70

Depreciation


96


101

Amortization


5


5

Non-service cost components of pension and OPEB costs


2


4

Restructuring charges, net


5


5

Stock compensation expense


13


6

Strategic transaction expenses


15


2

(Gain) loss on sale of property, plant and equipment


(1)


5

Supplier capacity charge adjustment


(19)



Loss on disposal group previously held for sale




29

Other items




(4)

 Adjusted EBITDA


$           188


$           223

 

 DANA INCORPORATED





 Reconciliation of Net Income Attributable to the Parent Company to




   Adjusted Net Income Attributable to the Parent Company and





   Diluted Adjusted EPS (Unaudited)





 For the Three Months Ended March 31, 2025 and 2024











 (In millions, except per share amounts)








Three Months Ended




March 31,




2025


2024

 Net income attributable to the parent company


$             25


$               3

 Items impacting income before income taxes:






 Amortization


5


5


 Restructuring charges, net


5


5


 Strategic transaction expenses


15


2


 Supplier capacity commitment charge adjustment


(19)




 Loss on disposal group previously held for sale




29


 Other  items




(3)

 Items impacting income taxes:






 Net income tax expense on items above


(2)


(13)


 Income tax expense (benefit) attributable to various discrete tax matters


(10)


9

 Adjusted net income attributable to the parent company


$             19


$             37







 Diluted shares - as reported


147.0


144.8

 Adjusted diluted shares


147.0


144.8







 Diluted adjusted EPS


$          0.13


$          0.26

 

DANA INCORPORATED











2024 Segment Sales and Adjusted EBITDA











Recast for Segment Realignment (Unaudited)






















 (In millions)













Q1 2024


Q2 2024


Q3 2024


Q4 2024


FY 2024

 Sales











Light Vehicle


$        1,324


$        1,366


$        1,253


$        1,168


$        5,111

Commercial Vehicle


653


645


612


570


2,480

Off-Highway


758


727


611


597


2,693

 Total Sales


$        2,735


$        2,738


$        2,476


$        2,335


$      10,284












 Adjusted EBITDA











Light Vehicle


$             78


$             89


$             83


$             83


$           333

Commercial Vehicle


33


40


47


17


137

Off-Highway


115


116


103


88


422

Corporate expenses and other net


(3)


(1)


(1)


(2)


(7)

 Adjusted EBITDA


$           223


$           244


$           232


$           186


$           885












 Earnings (loss) before income taxes


$             35


$             67


$             52


$            (74)


$             80

Interest income


(4)


(2)


(4)


(5)


(15)

Interest expense


39


39


40


43


161

 Earnings (loss) before interest and income taxes


70


104


88


(36)


226

Depreciation


101


106


97


97


401

Amortization


5


6


5


5


21

Non-service cost components of pension and OPEB costs


4


2


8


4


18

Restructuring charges, net


5


12


24


35


76

Stock compensation expense


6


8


7


9


30

Strategic transaction expenses


2


2


1


4


9

Loss on sale of property, plant and equipment


5






1


6

Supplier capacity charge








46


46

Amounts attributable to previously divested/closed operations








9


9

Loss on disposal group previously held for sale


29


1


(4)




26

Other items


(4)


3


6


12


17

 Adjusted EBITDA


$           223


$           244


$           232


$           186


$           885

 

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SOURCE Dana Incorporated

FAQ

What were Dana's (DAN) Q1 2025 earnings per share and revenue?

Dana (DAN) reported Q1 2025 earnings of $0.17 per share with net income of $25 million, and total sales of $2.35 billion. Adjusted EPS was $0.13 per share.

How much cost savings is Dana (DAN) targeting for 2025?

Dana is accelerating its cost-savings plan, targeting $225 million in savings for 2025 as part of a larger $300 million cost-savings initiative.

What is Dana's (DAN) EBITDA guidance for 2025?

Dana maintained its 2025 Adjusted EBITDA guidance range of $925 to $1,025 million, with an implied adjusted EBITDA margin of 9.7% to 10.2%.

How did Dana's (DAN) Q1 2025 sales compare to Q1 2024?

Dana's Q1 2025 sales were $2.35 billion, down from $2.74 billion in Q1 2024, though the company expects sales to increase slightly due to tariff recoveries and currency translation.

What is Dana's (DAN) free cash flow outlook for 2025?

Dana projects adjusted free cash flow of $175 to $275 million for 2025, with operating cash flow expected between $500 to $600 million.
Dana Inc

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Auto Parts
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