Dana Inc Stock Price, News & Analysis

Dana Incorporated (NYSE: DAN) is set to release its 2020 third-quarter financial results on October 28, 2020, at 7 a.m. EDT. Following the release, a conference call will be held at 9 a.m. EDT, featuring members of the senior management team to discuss results and answer queries. Participants can access the call through audio streaming or by phone, with details available on the company's investor website. In 2019, Dana reported $8.6 billion in sales, employing 36,000 associates globally.

Dana Incorporated (NYSE: DAN) announced plans for a new facility in Pune, India, covering 50,000 square feet. This facility will produce Dana TM4 electric motors, inverters, and control units for electrified vehicles, aimed at supporting the growing demand for electric mobility. Scheduled to open later this year, the site will enhance Dana's capabilities in India, marking its 18th facility in the region. Dana's strategic investments and acquisitions since 2017 emphasize its commitment to electrification and expansion in the Asia-Pacific market.

Dana Incorporated (NYSE: DAN) will participate in the RBC Capital Markets Global Industrials Virtual Conference on September 15, 2020, at 3 p.m. EDT. During this session, Jonathan Collins, the Executive Vice President and CFO, will provide an overview of the company and engage in a Q&A session lasting approximately 30 minutes. Investors can access the webcast through Dana's Investor website prior to the event. Dana, founded in 1904, specializes in power-conveyance and energy-management solutions, reporting sales of $8.6 billion in 2019.

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.