Welcome to our dedicated page for Dana news (Ticker: DAN), a resource for investors and traders seeking the latest updates and insights on Dana stock.
Dana Inc (DAN) delivers cutting-edge propulsion systems and energy-management solutions for global mobility markets. This page provides centralized access to official company announcements, including product innovations, financial updates, and strategic partnerships.
Investors and industry professionals will find timely updates on electrified drivetrains, OEM collaborations, and operational milestones across Dana’s core segments: light vehicles, commercial fleets, and off-highway equipment. Content includes earnings reports, technology breakthroughs, and sustainability initiatives.
All updates are sourced directly from Dana’s communications to ensure accuracy. Bookmark this page for streamlined access to developments impacting vehicle efficiency, thermal management advancements, and Dana’s position in evolving mobility markets.
Dana Incorporated (NYSE: DAN) will participate in the Barclays Global Automotive and Mobility Tech Conference on Nov. 18, 2021. The event, starting at 10 a.m. EST, will feature Chairman and CEO James Kamsickas and CFO Jonathan Collins, providing a company overview and answering questions for approximately 35 minutes.
Access details for the webcast will be available on Dana's investor website prior to the conference.
Dana Incorporated (NYSE: DAN) will participate in the 45th Annual Automotive Symposium titled "Batteries Included" on Nov. 1, 2021. The event, hosted by Gabelli Funds, will feature Jonathan Collins, Executive Vice President and CFO, presenting an overview and answering questions at 2:45 p.m. PDT (11:45 a.m. EDT). Webcast access information will be available on Dana's investor website before the event. Founded in 1904 and based in Maumee, Ohio, Dana reported $7.1 billion in sales in 2020 and is recognized for its commitment to sustainability.
Dana Incorporated reported third-quarter 2021 sales of $2.2 billion, up from $1.99 billion year-over-year, driven by robust demand in heavy-vehicle markets.
Net income reached $48 million, with diluted adjusted EPS of $0.41. Adjusted EBITDA was $210 million, reflecting profit margin compression due to raw material inflation.
The company revised its full-year sales target to $8.8 to $9 billion and adjusted EBITDA to $815 million to $875 million. Ongoing challenges include rising commodity costs and supply-chain disruptions.
Dana Incorporated (NYSE: DAN) has mutually agreed with Modine Manufacturing Company (NYSE: MOD) to terminate their acquisition of a portion of Modine's automotive thermal-management business. The deal, valued at one dollar, involved the assumption of specific financial liabilities. Both companies had been engaged in a lengthy regulatory review in Germany but decided it was no longer in their best interests to proceed. This decision marks a significant shift in Dana's strategic plans in the thermal management sector.
Dana Incorporated (NYSE: DAN) announced a quarterly dividend of $0.10 per share, payable on Nov. 26, 2021. This dividend will be distributed to shareholders recorded as of Nov. 5, 2021. Located in Maumee, Ohio, Dana is a leader in propulsion and energy-management solutions, reporting $7.1 billion in sales in 2020 and employing 38,000 associates globally. The company emphasizes sustainability and has been recognized as one of 'America's Most Responsible Companies 2021' by Newsweek.
Dana Incorporated (NYSE: DAN) will release its 2021 third-quarter financial results on October 26, 2021, at 7 a.m. EDT. A conference call and webcast will follow at 9 a.m. EDT, where senior management will discuss the results. Participants can join the audio stream or dial in via specific phone numbers provided for U.S., Canadian, and international listeners. An audio recording will be available post-event. Dana, based in Maumee, Ohio, reported $7.1 billion in sales for 2020 and emphasizes sustainability and social responsibility.
Dana has signed a long-term agreement with Robert Bosch GmbH to mass produce metallic bipolar plates for fuel-cell stacks. This collaboration aims to enhance the design and manufacturing processes of these plates, which are crucial for fuel-cell powertrains in commercial vehicles. The total production volume is expected to exceed 100 million plates for markets in Europe, Asia Pacific, and North America, launching in 2022. Dana's innovative technology aims to reduce costs and improve performance, facilitating the market adoption of zero-emission vehicles.
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