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.
Summary not available.
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.
Dana Incorporated (NYSE: DAN) is set to release its first-quarter financial results for 2022 on April 27, 2022. A press release will be available at 7 a.m. EDT, followed by a conference call at 9 a.m. EDT. Senior management will discuss the financial outcomes and take questions from participants. The financial results are anticipated to reflect Dana's ongoing performance, which reported $8.9 billion in sales in 2021. For those unable to attend, a webcast replay and audio recording will be accessible later on Dana's investor website.
Dana Incorporated (NYSE: DAN) has achieved Leadership in Energy and Environmental Design (LEED) certification for its Sustainable Mobility Center in Maumee, Ohio. This center functions as an engineering hub for e-Propulsion technologies, focusing on electric motors and electric vehicle systems. Doug Liedberg, the Chief Sustainability Officer, emphasized Dana's commitment to reducing greenhouse gas emissions by over 50% by 2030. The LEED certification confirms the use of sustainable practices in design and operations, contributing to Dana's strategic shift towards clean energy technologies.
Summary not available.
Summary not available.
Dana Incorporated (NYSE: DAN) reported a strong financial performance for 2021, with sales reaching $8.9 billion, up $1.8 billion from 2020. The net income attributable to Dana improved to $197 million, translating to diluted EPS of $1.35. Adjusted EBITDA was $795 million, marking an 8.9 percent margin. For Q4 2021, sales totaled $2.27 billion, but net income decreased to $25 million due to rising input costs. Looking ahead, Dana anticipates a sales range of $9.6 to $10.1 billion for 2022, with expected adjusted EBITDA of $900 million to $1 billion.
Dana Incorporated (NYSE: DAN), based in Maumee, Ohio, has announced that its advanced driveline technologies will be featured on the 2022 Ford Maverick and Ford Bronco, recognized as the North American Truck and SUV of the Year. The Spicer AdvanTEK Ultra axle with SmartConnect technology enhances the Maverick's all-wheel-drive system, while the Bronco features Dana 35 and 44 AdvanTEK axles for robust off-road capability. Dana's contributions continue a legacy of innovation, with the company reporting $7.1 billion in sales for 2020 and a commitment to sustainable solutions.
Dana Incorporated (NYSE: DAN) has declared a quarterly dividend of $0.10 per share, payable on March 25, 2022, to shareholders as of March 4, 2022. The company reported $7.1 billion in sales for 2020 and is recognized for its sustainability efforts, named one of "America's Most Responsible Companies 2022" by Newsweek. Dana specializes in energy management and propulsion solutions across various mobility markets and employs around 38,000 people in 33 countries globally.
Dana Incorporated (NYSE: DAN) will participate in the Wolfe Research Virtual Global Auto, Auto Tech, and Mobility Conference on Feb. 24, 2022. The event starts at 8:50 a.m. EST, featuring a fireside chat with Timothy Kraus, Senior VP and CFO, lasting approximately 35 minutes. Webcast access details will be available on Dana's investor website prior to the conference. Dana, a leading manufacturer in propulsion and energy-management solutions, reported sales of $7.1 billion in 2020, emphasizing sustainability and social responsibility.