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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 Incorporated (NYSE: DAN) has declared a quarterly dividend of $0.10 per share, payable on September 2, 2022. Stockholders as of August 12 will be eligible for this dividend. Dana, a leader in propulsion and energy-management solutions, reported sales of $8.9 billion in 2021. With a strong focus on sustainability and social responsibility, Dana was recognized as one of "America's Most Responsible Companies 2022" by Newsweek. The company employs 40,000 people across 31 countries, underscoring its global presence and strategic growth.
Dana Incorporated (NYSE: DAN) will disclose its 2022 second-quarter financial results on August 3, 2022. The press release will be issued at 7 a.m. EDT, followed by a conference call at 10 a.m. EDT where senior management will discuss the results. Dana, based in Maumee, Ohio, reported sales of $8.9 billion in 2021 and employs 40,000 people across 31 countries. The company focuses on energy-management solutions that enhance vehicle performance and sustainability.
Dana Incorporated (NYSE: DAN) has been awarded a $2.7 million (£2 million) grant from the Advanced Propulsion Centre for the development of an e-Powertrain for OX Delivers, the first flat-pack utility vehicle targeting Africa's emerging markets. The grant will aid in industrializing electrified powertrain technologies, aligning with Dana's vision for a zero-emissions future. The OX Delivers truck, equipped with Dana's Spicer Electrified™ eS4500i e-Drive Unit, is designed for challenging terrains and will be assembled in the destination country.
Dana Incorporated (NYSE: DAN) will participate in the Deutsche Bank Global Auto Industry Conference on June 15, 2022, starting at 8 a.m. EDT. The company's Chairman and CEO, James Kamsickas, alongside CFO Timothy Kraus, will provide an overview of Dana and conduct a Q&A session for approximately 35 minutes. Interested parties can access the webcast via Dana's Investor website, www.dana.com/investors. Dana is known for its energy-management solutions and reported $8.9 billion in sales for 2021.
Dana Incorporated (NYSE: DAN) has reaffirmed its strategic partnership with Lion Electric Co. to provide electric drive systems for their electric buses and medium- to heavy-duty trucks. This collaboration encompasses the supply of electric motors, inverters, controllers, axles, and driveshafts for all Lion Electric platforms. The partnership aims to support growing demand for zero-emission transportation solutions, aligning with Lion's plans to enhance production at its new Illinois facility later this year. Dana's technologies will be showcased at the Advanced Clean Transportation Expo in Long Beach, California.
Dana Incorporated (NYSE: DAN) will participate in the Oppenheimer 17th Annual Industrial Growth Conference on May 3, 2022, at 12:45 p.m. EDT. CFO Timothy Kraus will provide an overview and answer questions for 35 minutes. Following this, Dana will also participate in the 2022 Wells Fargo Industrials Conference on May 5, 2022, from 2 p.m. to 2:35 p.m. EDT. Webcast information will be available on Dana's investor website. In 2021, Dana reported $8.9 billion in sales and is recognized for its sustainability efforts.
Dana Incorporated reported first-quarter 2022 sales of $2.48 billion, a $217 million increase from the previous year, driven by robust demand in heavy-vehicle markets. However, net income was $17 million, down from $97 million a year ago, resulting in a diluted EPS of $0.12. Adjusted EBITDA fell to $170 million, compared to $234 million in 2021. The company anticipates ongoing cost pressures from inflation and supply chain disruptions, revising 2022 targets to a sales range of $9.85 to $10.35 billion and adjusted EBITDA of $770 to $870 million.
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Dana Incorporated (NYSE: DAN) declared a quarterly dividend of $0.10 per share, set for payment on May 27, 2022. Shareholders as of May 6, 2022 will be eligible. In 2021, Dana reported sales of $8.9 billion and employs around 40,000 people globally. The company, recognized as one of "America's Most Responsible Companies 2022" by Newsweek, focuses on sustainability and innovation in propulsion and energy-management solutions. Founded in 1904, Dana continues to impact the mobility market significantly.