Dana Inc Stock Price, News & Analysis

Dana Incorporated (NYSE: DAN) announced preliminary unaudited financial results for 2024 and provided 2025 guidance. The company reported preliminary 2024 sales of $10.3 billion and adjusted EBITDA of $885 million, with an 8.6% margin, showing a 60-basis-point improvement from 2023.

The company is increasing its total cost reduction target to $300 million through 2026 and simplifying its organizational structure into two segments: Light Vehicle Systems and Commercial Vehicle Systems. Dana is also pursuing the sale of its Off-Highway business.

For 2025, Dana projects sales of $9.525-10.025 billion, adjusted EBITDA of $925-1,025 million (approximately 10% margin), and free cash flow of $175-275 million. The company expects 2026 adjusted EBITDA margin between 9.5-10.5%, with free cash flow targeted at approximately 4% of sales.

Dana Incorporated (NYSE: DAN) has been awarded the prestigious 'Global Top Employer 2025' certification, with recognition across 25 countries and regional distinctions in Asia-Pacific, Europe, and North America. The award, presented by the Top Employers Institute, acknowledges Dana's excellence in human resources practices, including career development, work environment, learning, diversity and inclusion, well-being, and talent acquisition.

Nine new countries joined Dana's list of recognized operations this year. The company received Top Employer status in diverse locations spanning multiple continents, including major markets such as the United States, China, India, Germany, and the United Kingdom. Lisa Amend, Dana's Senior Vice President and Chief Human Resources Officer, emphasized that this recognition reflects the company's 120-year-old culture of supporting exceptional talent while powering vehicles and machines globally.

Dana Incorporated (NYSE: DAN) has announced a conference call and webcast scheduled for January 24, 2025, at 9 a.m. EST. During this event, Chairman and CEO R. Bruce McDonald and CFO Timothy Kraus will provide a business update and present the company's financial outlook for 2025.

Participants can join via telephone using toll-free (1-888-440-5873) or toll (1-646-960-0319) numbers with Conference ID 9943139. The presentation will include audio streaming and slides available through Dana's investor website, with a webcast replay accessible afterward.

Additionally, Dana will announce its 2024 fourth-quarter and full-year financial results in a separate conference call on February 20, 2025.

Dana Incorporated (NYSE: DAN) has unveiled its new AdvanTEK® 40 Pro axle system, an evolution of its 40,000-pound 6x4 tandem axle system. The system features the industry's fastest axle ratio at 2.05 for advanced engine downspeeding and includes 18 total axle ratios. Key improvements include a high-capacity bearing system, increased payload capacity, and enhanced inter-axle differential with advanced coatings for better lubrication retention.

The system offers driver-controlled differential locking and an optional lubrication pump for extreme conditions. It will be available in select OEM 2025 data books. Dana, which reported sales of $10.6 billion in 2023 and employs 42,000 people globally, designed this system to meet evolving fleet requirements with improved efficiency and enhanced productivity.

Dana Incorporated (NYSE: DAN) has announced the appointment of Nora LaFreniere to its board of directors, effective immediately. LaFreniere currently serves as Executive Vice President and General Counsel of Otis Worldwide , where she oversees global legal, compliance, business development, intellectual property, security, government relations, quality, and environmental, health, and safety functions. Dana's Chairman and CEO R. Bruce McDonald highlighted LaFreniere's extensive experience in industrial businesses, particularly in strategy formulation and complex M&A transactions, as valuable assets for Dana's transformation and value creation plans.

Dana Incorporated (NYSE: DAN) has announced its participation in the UBS Global Industrials and Transportation Conference on December 4, 2024. The company's Senior Vice President and CFO, Timothy Kraus, will deliver a brief company overview and engage in a Q&A session lasting approximately 40 minutes, starting at 12:10 p.m. EST. Webcast access information will be made available on Dana's Investor website prior to the event.

Dana Incorporated (NYSE: DAN) announced significant changes including the appointment of R. Bruce McDonald as Chairman and CEO, replacing James Kamsickas who will serve as advisor through March 2025. The company revealed plans to sell its Off-Highway business and initiated a $200 million cost reduction plan to be achieved by 2026. The restructuring includes cuts in administrative costs and engineering expenses, particularly addressing delayed EV adoption. Dana reaffirmed its 2024 guidance with expected sales of $10.2-10.4 billion, Adjusted EBITDA of $855-895 million, and free cash flow of $90-110 million.

Dana Incorporated reported Q3 2024 financial results with sales of $2.48 billion, down from $2.67 billion in Q3 2023. Net income was $4 million ($0.03 per share), compared to $19 million ($0.13 per share) in Q3 2023. Adjusted EBITDA reached $232 million with a 9.4% margin, showing a 30-basis-point improvement despite lower sales due to weakening demand across markets, particularly in EVs and traditional vehicles. The company maintained its full-year free cash flow guidance at $100 million and revised its 2024 sales target to $10.2-10.4 billion.

Dana Incorporated (NYSE: DAN) has announced a quarterly dividend of $0.10 per share on its common stock, payable November 29, 2024, to shareholders of record as of November 8. The company, based in Maumee, Ohio, is a global leader in propulsion and energy-management solutions for mobility markets, reporting sales of $10.6 billion in 2023 with 42,000 employees across 31 countries. Dana specializes in drive and motion systems, electrodynamic technologies, and thermal, sealing, and digital solutions.