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 Incorporated (NYSE: DAN) is a manufacturing company that designs and manufactures propulsion and energy-management solutions for vehicles and machines in mobility markets worldwide. News about Dana often highlights its role as a Tier 1 supplier to vehicle manufacturers, its focus on both conventional and clean‑energy technologies, and developments in its light-vehicle and commercial-vehicle businesses.
Visitors to this page can review news releases covering Dana’s financial results, strategic transactions, capital structure actions, and investor communications. Recent announcements include quarterly earnings updates, details on cost‑savings initiatives, and information about the company’s transformation strategy, such as the completed sale of its Off-Highway business to Allison Transmission Holdings, Inc. News items also describe how proceeds from that transaction are being used in tender offers and redemptions of senior notes as part of a broader debt reduction plan.
Dana’s news flow also features participation in investor conferences, scheduled webcasts and conference calls, and updates on dividends declared by its board of directors. Corporate governance developments, such as the appointment of new board members and changes to executive employment agreements, are disclosed through press releases and related SEC filings.
For investors and observers of the automotive and mobility supply chain, Dana’s news provides insight into its operating performance, strategic priorities, and balance sheet management. This page aggregates those announcements so readers can follow disclosures related to propulsion and energy‑management technologies, transformation initiatives, and other material events affecting Dana Incorporated and the DAN stock.
Dana announced a registered offering of $350 million in senior unsecured notes due 2032. The proceeds aim to repay $349 million in borrowings from its senior secured term loan B facility. This offering is part of Dana's ongoing financial strategy to manage its debt and strengthen its balance sheet. The company engages Citigroup, Barclays, and other financial institutions as joint-bookrunning managers for this offering. The offering is filed with the SEC under a previous registration statement.
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.
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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.