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 Inc (DAN) delivers cutting-edge propulsion systems and energy-management solutions for global mobility markets. This page provides centralized access to official company announcements, including product innovations, financial updates, and strategic partnerships.
Investors and industry professionals will find timely updates on electrified drivetrains, OEM collaborations, and operational milestones across Dana’s core segments: light vehicles, commercial fleets, and off-highway equipment. Content includes earnings reports, technology breakthroughs, and sustainability initiatives.
All updates are sourced directly from Dana’s communications to ensure accuracy. Bookmark this page for streamlined access to developments impacting vehicle efficiency, thermal management advancements, and Dana’s position in evolving mobility markets.
Dana Incorporated (NYSE: DAN) announced the launch of a new hydrostatic driveline for telehandlers in North America, designed for lifting up to 12,000 pounds. This system features a modular architecture that allows for easy transition to hydrogen or battery-electric designs. Highlighted at the CONEXPO-CON/AGG 2023 tradeshow from March 14-18 in Las Vegas, the new driveline includes a Spicer® 312 dropbox for optimized performance, low-speed precision, and reduced fuel consumption. Dana aims to support the industry's shift to zero-emission vehicles, enabling flexibility for customers through a variety of driveline options.
Dana Incorporated (NYSE: DAN) is set to announce its 2022 fourth-quarter and full-year financial results on February 21, 2023. The press release will be issued at approximately 7 a.m. EST, followed by a conference call at 9 a.m. EST where the senior management team will discuss the results. Investors can access the call via the toll-free number 1 (888) 440-5873 or participate through the provided online streaming link. Dana, based in Maumee, Ohio, reported $8.9 billion in sales for 2021 and is recognized for its commitment to sustainability and responsible business practices.
Dana Incorporated (NYSE: DAN) announced a long-term supply agreement with Semikron Danfoss to secure silicon-carbide semiconductors for their inverter technologies. This partnership supports various mobility markets, including light-vehicle and commercial-vehicle sectors. The semiconductors will enhance system efficiency and power density, potentially increasing vehicle range. The agreement strengthens Dana's supply chain capabilities, meeting the growing customer demand for electrodynamic products. In 2021, Dana reported sales of $8.9 billion, emphasizing its commitment to sustainability and innovation.
Dana Incorporated (NYSE: DAN) will participate in the Gabelli Funds 46th Annual Auto Symposium on Oct. 31, 2022, at 11:30 a.m. PDT (8:30 a.m. EDT). The company's Chairman and CEO, James Kamsickas, will provide an overview and answer questions for about 30 minutes. Interested investors can access webcasts through Dana's Investor website prior to the event. Dana, based in Maumee, Ohio, reported $8.9 billion in sales in 2021 and is recognized for its commitment to sustainability.
Dana reported third-quarter 2022 sales of $2.54 billion, a $331 million increase year-over-year, driven by strong demand. However, the company faced a net loss of $88 million, influenced by non-cash goodwill impairment charges amid rising interest rates and inflation. Adjusted diluted EPS stood at $0.24 compared to $0.41 in 2021. The company generated $77 million in free cash flow, marking a significant improvement. Dana reaffirmed its full-year sales target of $10 to $10.2 billion and adjusted EBITDA guidance of $700 to $740 million.
Dana Incorporated (NYSE: DAN) announced a quarterly dividend of $0.10 per share, payable on December 2, 2022, to shareholders as of November 11, 2022. This decision comes as the company continues to demonstrate its commitment to shareholder returns while actively contributing to sustainable energy solutions.
With reported sales of $8.9 billion in 2021 and a workforce of 40,000 across 31 countries, Dana is recognized for its innovative contributions to the mobility market and was named one of "America's Most Responsible Companies 2022" by Newsweek.
Dana Incorporated (NYSE: DAN) showcased its suite of electrified solutions for the off-highway market at Bauma 2022, held from October 24-30 in Munich. The company highlighted advancements including Spicer e-Hub drives, electric driveline systems, and e-Motion solutions designed for construction equipment. Notable innovations include the new eSAW013 e-Hub drive delivering up to 13,000Nm of torque, enhancing productivity and efficiency by up to 30%. The exhibition reflects Dana's commitment to supporting sustainability objectives and providing comprehensive electric systems to meet growing market demands.
Dana Incorporated (NYSE: DAN) unveiled its Spicer Electrified eSP502 e-Transmission, aimed at enhancing vehicle electrification in construction, mining, material handling, and forestry sectors. This platform supports both dual and single motor configurations, providing up to 326 horsepower in the dual-motor version. Featuring a compact and modular design, it allows for easy adaptation to various vehicle applications. Dana's e-Transmission is currently available for order and is being showcased at Bauma from October 24-30, 2022.
Dana Incorporated (NYSE: DAN) will release its 2022 third-quarter financial results on Thursday, Oct. 27, 2022. A press release will be issued at 7 a.m. EDT, followed by a conference call at 9 a.m. EDT. The call will involve the senior management team discussing the results and answering questions. Dana reported $8.9 billion in sales for 2021, employing 40,000 people across 31 countries. The company emphasizes sustainability and has been recognized by Newsweek as one of "America's Most Responsible Companies 2022".
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