Dana Inc Stock Price, News & Analysis

Dana Incorporated (NYSE: DAN) is set to release its 2021 second-quarter financial results on July 30, 2021. The announcement will occur at approximately 7 a.m. EDT, followed by a conference call and webcast at 9 a.m. EDT. This session will include senior management discussing the results and answering questions. Dana, based in Maumee, Ohio, reported $7.1 billion in sales for 2020, emphasizing its role in mobility markets and recognition for corporate responsibility.

Dana Incorporated (NYSE: DAN) has launched the Spicer® HVT1 transmission, designed for improving the performance and sustainability of agriculture telehandlers. This advanced powersplit transmission offers fuel savings of up to 30% compared to conventional systems, supporting power inputs from 110 to 155 horsepower. Currently in field tests, the HVT1 promises enhanced productivity, control, and operator comfort. Its unique design enables efficient operation across various duty cycles, reducing total owning and operating costs while promoting sustainability through lower greenhouse gas emissions.

Dana Incorporated (NYSE: DAN) has announced it will accelerate its efforts to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by at least 50% by 2030, advancing its original 2035 target. This initiative will decrease over 300,000 metric tons of carbon dioxide emissions annually. The company signed a commitment letter with the Science Based Target initiative (SBTi) to establish future emissions targets. Dana attributes this acceleration to advancements in technology and operational efficiencies, positioning itself as a leader in sustainability within the mobility industry.

Dana Incorporated (NYSE: DAN) announced a leadership transition in its Light Vehicle Drive Systems division, effective July 9. Byron Foster, previously Dana's senior vice president and chief commercial officer, will replace Bob Pyle, who is leaving to become a CEO outside the mobility sector. Foster’s extensive experience in senior executive roles at Johnson Controls and Adient is expected to enhance Dana's customer-focused approach. The company reported $7.1 billion in sales for 2020, emphasizing sustainability and employee recognition.

Dana Incorporated (NYSE: DAN) has been recognized as a 2020 Supplier of the Year by General Motors for its driveline technologies and sealing solutions. This marks the fourth consecutive year Dana has received this award, chosen by a GM global team based on stringent performance criteria across various sectors. In 2020, Dana reported sales of $7.1 billion and has maintained a long-standing partnership with GM since 1904. The recognition underscores Dana's commitment to innovation and sustainable practices in the automotive industry.

Dana announced its participation in the virtual Deutsche Bank Global Auto Industry Conference on June 16, 2021, at 2:15 p.m. EDT. James Kamsickas, Chairman and CEO, along with Jonathan Collins, CFO, will present an overview of the company and answer questions for 35 minutes. Investors can access the webcast details on Dana's Investor website. The company, headquartered in Maumee, Ohio, reported sales of $7.1 billion in 2020.

Dana Incorporated (NYSE: DAN) will participate in the KeyBanc Industrials & Basic Materials Virtual Conference on June 1, 2021, starting at 10:40 a.m. EDT. Jonathan Collins, the Executive Vice President and Chief Financial Officer, will present an overview of the company and engage in a Q&A session lasting about 30 minutes. Investors can access the webcast details on Dana's investor website.

In 2020, Dana reported sales of $7.1 billion and has a workforce of 38,000 across 33 countries.

Dana Incorporated (NYSE: DAN) announced the pricing of its €325 million offering of 3.000% Senior Notes due 2029, which will be guaranteed by the company. The proceeds will be used to redeem existing 6.500% Senior Notes due 2026 and cover related fees. Led by Credit Suisse and J.P. Morgan, a group of financial institutions is managing the offering. This strategic move aims to optimize Dana's debt structure, promoting financial stability. Dana, a leader in propulsion and energy-management solutions, reported $7.1 billion in sales for 2020.

Dana Incorporated (NYSE: DAN) reported that as of May 12, 2021, approximately 60% of its 5.500% Senior Notes due 2024, totaling $254 million, were tendered in a consent solicitation. This enabled Dana to amend the indenture, reducing restrictive covenants and shortening the redemption notice period from 30 days to two business days. All conditions in the accompanying Statement remain unchanged, and Dana anticipates accepting the tendered notes for payment on May 13, 2021. The tender offer ends on May 26, 2021, with early participants receiving $1,020 per $1,000 principal amount, inclusive of interest.