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Dana Incorporated reports news on its vehicle propulsion and powertrain businesses for light- and commercial-vehicle markets. The company designs and manufactures drive systems, electrodynamic technologies, thermal-management products, and sealing solutions for vehicle manufacturers and related aftermarkets.
Recurring updates for Dana Incorporated include financial results, cost-savings actions, new business wins, capital allocation through dividends and share repurchases, debt reduction, and portfolio changes following the completed sale of the Off-Highway business. Company communications also cover the Dana 2030 strategic plan, margin and cash-flow targets, governance matters, and leadership-transition disclosures.
Dana (NYSE: DAN) has been selected by Wacker Neuson Group to supply e-Propulsion systems for its compact construction vehicles in Europe, starting with the Kramer electric wheel loader 5065e. The multi-year program is set to commence production this year, featuring a comprehensive electrodynamic system that includes the Spicer Electrified™ eSG101 e-Transmission, dual Dana TM4™ SRI 200 motors, and a sophisticated APC 300 series controller. This partnership enhances Dana's role in expanding sustainable solutions in the construction sector and continues a collaboration with Wacker Neuson that spans over 20 years.
Dana Incorporated (NYSE: DAN) has announced a quarterly dividend of $0.10 per share, set to be paid on March 24, 2023, for stockholders on record as of March 3, 2023. This decision reflects the company's commitment to returning value to shareholders amidst its focus on sustainable progress and innovation in energy-management solutions. In 2021, Dana reported sales of $8.9 billion and has garnered recognition as one of "America's Most Responsible Companies 2023" by Newsweek. The company's operations span across 31 countries, with a workforce of approximately 40,000 employees.
Dana Incorporated (NYSE: DAN) announced the launch of a new hydrostatic driveline for telehandlers in North America, designed for lifting up to 12,000 pounds. This system features a modular architecture that allows for easy transition to hydrogen or battery-electric designs. Highlighted at the CONEXPO-CON/AGG 2023 tradeshow from March 14-18 in Las Vegas, the new driveline includes a Spicer® 312 dropbox for optimized performance, low-speed precision, and reduced fuel consumption. Dana aims to support the industry's shift to zero-emission vehicles, enabling flexibility for customers through a variety of driveline options.
Dana Incorporated (NYSE: DAN) is set to announce its 2022 fourth-quarter and full-year financial results on February 21, 2023. The press release will be issued at approximately 7 a.m. EST, followed by a conference call at 9 a.m. EST where the senior management team will discuss the results. Investors can access the call via the toll-free number 1 (888) 440-5873 or participate through the provided online streaming link. Dana, based in Maumee, Ohio, reported $8.9 billion in sales for 2021 and is recognized for its commitment to sustainability and responsible business practices.
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Dana Incorporated (NYSE: DAN) announced a long-term supply agreement with Semikron Danfoss to secure silicon-carbide semiconductors for their inverter technologies. This partnership supports various mobility markets, including light-vehicle and commercial-vehicle sectors. The semiconductors will enhance system efficiency and power density, potentially increasing vehicle range. The agreement strengthens Dana's supply chain capabilities, meeting the growing customer demand for electrodynamic products. In 2021, Dana reported sales of $8.9 billion, emphasizing its commitment to sustainability and innovation.
Dana Incorporated (NYSE: DAN) will participate in the Gabelli Funds 46th Annual Auto Symposium on Oct. 31, 2022, at 11:30 a.m. PDT (8:30 a.m. EDT). The company's Chairman and CEO, James Kamsickas, will provide an overview and answer questions for about 30 minutes. Interested investors can access webcasts through Dana's Investor website prior to the event. Dana, based in Maumee, Ohio, reported $8.9 billion in sales in 2021 and is recognized for its commitment to sustainability.
Dana reported third-quarter 2022 sales of $2.54 billion, a $331 million increase year-over-year, driven by strong demand. However, the company faced a net loss of $88 million, influenced by non-cash goodwill impairment charges amid rising interest rates and inflation. Adjusted diluted EPS stood at $0.24 compared to $0.41 in 2021. The company generated $77 million in free cash flow, marking a significant improvement. Dana reaffirmed its full-year sales target of $10 to $10.2 billion and adjusted EBITDA guidance of $700 to $740 million.
Dana Incorporated (NYSE: DAN) announced a quarterly dividend of $0.10 per share, payable on December 2, 2022, to shareholders as of November 11, 2022. This decision comes as the company continues to demonstrate its commitment to shareholder returns while actively contributing to sustainable energy solutions.
With reported sales of $8.9 billion in 2021 and a workforce of 40,000 across 31 countries, Dana is recognized for its innovative contributions to the mobility market and was named one of "America's Most Responsible Companies 2022" by Newsweek.
Dana Incorporated (NYSE: DAN) unveiled its Spicer Electrified eSP502 e-Transmission, aimed at enhancing vehicle electrification in construction, mining, material handling, and forestry sectors. This platform supports both dual and single motor configurations, providing up to 326 horsepower in the dual-motor version. Featuring a compact and modular design, it allows for easy adaptation to various vehicle applications. Dana's e-Transmission is currently available for order and is being showcased at Bauma from October 24-30, 2022.