Dana Inc Stock Price, News & Analysis

Dana Incorporated (NYSE: DAN) will present at the J.P. Morgan Auto Conference on August 12, 2020, at 12:20 p.m. EDT. CEO James Kamsickas and CFO Jonathan Collins will discuss company insights and take questions for around 30 minutes.

Investors can access the webcast details on Dana's Investor website prior to the event. With over 36,000 employees, Dana specializes in power-conveyance and energy-management solutions, reporting $8.6 billion sales in 2019.

Dana reported second-quarter 2020 financial results with sales of $1.08 billion, down from $2.3 billion in the same period last year. The net loss attributable to Dana was $174 million, translating to a diluted EPS loss of $1.20. Adjusted EBITDA also fell to a loss of $5 million. The company cited a significant decline in demand due to the COVID-19 pandemic, leading to operational disruptions. Dana currently has $1.7 billion in liquidity, but it refrains from issuing full-year guidance amid ongoing economic uncertainty.

Dana Incorporated (NYSE: DAN) will release its 2020 second-quarter financial results on July 30, 2020, at approximately 7 a.m. EDT. A conference call will follow at 10 a.m. EDT, featuring senior management discussing results and answering questions. Participants can listen via audio streaming or telephone, with registration starting at 9:30 a.m. EDT. The company reported sales of $8.6 billion in 2019, offering power-conveyance and energy-management solutions across various vehicle types.

Dana Incorporated (NYSE: DAN) announced the pricing of an additional $100 million of its existing 5.375% Senior Notes due 2027 at an issue price of 100.000%. The company plans to utilize the net proceeds from this offering for general corporate purposes. Leading investment banks, including Citigroup and Barclays, are managing the offering. This announcement underscores Dana's ongoing financial strategy, supporting its position in providing efficient drive and motion systems, particularly as the company reported $8.6 billion in sales for 2019.

Dana Incorporated (NYSE: DAN) has announced a registered offering of an additional $100 million of its existing 5.375% Senior Notes due 2027. The offering is subject to market conditions, with net proceeds intended for general corporate purposes. Leading investment banks, including Citigroup and Barclays, are acting as joint-bookrunning managers. The offering follows a previously filed automatic shelf registration with the SEC on November 5, 2019. This announcement does not constitute an offer to sell securities where it is unlawful.

Dana Incorporated (NYSE: DAN) has announced the pricing of its $400 million Senior Notes offering, with a 5.625% interest rate due in 2028. The funds will be used to partially repay borrowings under its revolving credit facility and for general corporate purposes. The offering is being managed by a consortium of financial institutions including Citigroup and Goldman Sachs. The press release includes forward-looking statements, emphasizing potential risks and uncertainties related to the company's performance.

Dana announced a registered offering of $400 million in senior unsecured notes due 2028, subject to market conditions. The proceeds will be utilized to repay borrowings under the revolving credit facility and for general corporate purposes. Dana plans to terminate its undrawn $500 million bridge facility established in April 2020. The offering is managed by several financial institutions and follows a previously filed automatic shelf registration statement with the SEC.