Dana Incorporated
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Full-year Results
Sales of $10.3 billion, a decrease of $271 million compared to last yearNet loss of $57 million, compared with a net income of $38 million in 2023Adjusted net income of $136 million compared with adjusted net income of $122 million last yearAdjusted EBITDA of $885 million, an increase of $40 million over last yearAdjusted EBITDA margin of 8.6 percent, a 60-basis-point improvement compared with 2023Free cash flow of $70 million, an increase of $95 million over 2023Three-year new business sales backlog of $650 million2025 guidance reflects 10 percent increase in adjusted EBITDA, $155 million increase in free cash flow
MAUMEE, Ohio, Feb. 12, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that its board of directors has declared a dividend on its common stock.
The board declared a quarterly dividend of $0.10 per share, payable March 21, 2025, to holders of Dana common stock as of February 28.
About Dana Incorporated Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.
MAUMEE, Ohio, Feb. 3, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2024 fourth-quarter and full-year financial results on Thursday, Feb. 20, 2024. A press release will be issued at approximately 7 a.m. EST, followed by a conference call and webcast at 9 a.m. EST. Members of the company's senior management team will be available at that time to discuss the results and answer related questions.
MAUMEE, Ohio, Jan. 24, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced select, preliminary, unaudited financial results for the full year ended December 31, 2024, presented its financial outlook for 2025, and provided a business update including a simplified organizational structure and the status of the proposed sale of its Off-Highway business and cost-savings actions.
MAUMEE, Ohio, Jan. 16, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that the company was recognized as a 'Global Top Employer 2025' with further recognition in 25 countries. Dana was also selected as a Top Employer for its Asia-Pacific, European, and North American regions due to the high number of operations earning honors there.
This prestigious award by the Top Employers Institute recognizes excellence in people practices with a particular emphasis on exceptional human resources programs — including career development, work environment, learning, diversity and inclusion, well-being, and talent acquisition.
MAUMEE, Ohio, Jan. 15, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will host a conference call and webcast on Friday, Jan. 24, 2025, at 9 a.m. EST. Chairman and Chief Executive Officer R. Bruce McDonald and Senior Vice President and Chief Financial Officer Timothy Kraus will provide a business update, present the financial outlook for 2025, and answer related questions.
MAUMEE, Ohio, Dec. 18, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the new AdvanTEK® 40 Pro axle system, the next evolution of its distinguished 40,000-pound 6x4 tandem axle system. Designed to meet evolving commercial vehicle fleet requirements with increased efficiency and enhanced overall productivity, the AdvanTEK 40 Pro axle system includes the fastest axle ratio at 2.05 for advanced engine downspeeding.
MAUMEE, Ohio, Dec. 11, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that Nora LaFreniere has been appointed to the company's board of directors, effective immediately.
Ms. LaFreniere serves as the Executive Vice President and General Counsel of Otis Worldwide Corporation, a global, publicly traded company. In this role, she oversees the company's global legal, compliance, business development, intellectual property, security, government relations, quality, and environmental, health, and safety functions.
MAUMEE, Ohio, Dec. 2, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the UBS Global Industrials and Transportation Conference on Dec. 4, 2024. Beginning at 12:10 p.m., EST, Dana's Senior Vice President and Chief Financial Officer, Timothy Kraus, will provide a brief overview of the company and answer questions for approximately 40 minutes.
Appoints Current Dana Director R. Bruce McDonald as Chairman and CEO
Announces Plan to Sell Off-Highway Business
Initiates $200 Million Cost Reduction Plan
Confirms 2024 Full-Year Guidance Ranges for Sales, Adjusted EBITDA and Free Cash Flow
MAUMEE, Ohio, Nov. 25, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the appointment of R. Bruce McDonald, a member of the Dana Board of Directors, as Chairman and Chief Executive Officer, effective immediately. Mr. McDonald's appointment follows the retirement of James Kamsickas as Chief Executive Officer and his departure from the Board. Mr. Kamsickas will remain as an advisor to the Company through March 2025 to support the transition. The Board has retained a leading executive search firm to identify the Company's next permanent CEO.
P R O D U C T S U G G E S T I O N S
