Dana Inc
NYSE:DAN
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Dana Inc
Dana Inc., a stalwart in the automotive world, stands at the crossroad where innovation and tradition intersect. Founded in 1904, this company has evolved from a humble start in Ohio to become a global supplier of essential components for nearly all vehicles gliding down the roads today. Dana’s operations hinge on the intricate dance of engineering expertise and cutting-edge technology, serving sectors from passenger cars to commercial trucks and heavy off-highway machinery. Beneath the hood, Dana thrives on its core ability to design and manufacture power transmission and energy-management solutions, ensuring vehicles are not just functional but also increasingly efficient and sustainable. With advanced axles, driveshafts, transmissions, and thermal management products, Dana ensures its clients’ vehicles have the lifeblood they need to perform at their best.
The financial lifeblood of Dana Inc. is its robust portfolio of products and long-standing customer relationships. By innovating in electrification and e-Propulsion systems, Dana is navigating the industry's shift towards more eco-friendly solutions, opening new revenue streams while reinforcing its commitment to sustainability. Its diverse clientele, ranging from the automotive giants to specialized equipment manufacturers, allows Dana to capitalize on various growth sectors globally. By correlating safety and precision with profitability, Dana has developed a revenue model that is both diverse and resilient, deftly balancing its vast product line and global footprint. This adaptability ensures Dana not only meets the needs of today’s market but also anticipates tomorrow’s challenges, keeping its metaphorical wheels in constant motion.
Dana Inc., a stalwart in the automotive world, stands at the crossroad where innovation and tradition intersect. Founded in 1904, this company has evolved from a humble start in Ohio to become a global supplier of essential components for nearly all vehicles gliding down the roads today. Dana’s operations hinge on the intricate dance of engineering expertise and cutting-edge technology, serving sectors from passenger cars to commercial trucks and heavy off-highway machinery. Beneath the hood, Dana thrives on its core ability to design and manufacture power transmission and energy-management solutions, ensuring vehicles are not just functional but also increasingly efficient and sustainable. With advanced axles, driveshafts, transmissions, and thermal management products, Dana ensures its clients’ vehicles have the lifeblood they need to perform at their best.
The financial lifeblood of Dana Inc. is its robust portfolio of products and long-standing customer relationships. By innovating in electrification and e-Propulsion systems, Dana is navigating the industry's shift towards more eco-friendly solutions, opening new revenue streams while reinforcing its commitment to sustainability. Its diverse clientele, ranging from the automotive giants to specialized equipment manufacturers, allows Dana to capitalize on various growth sectors globally. By correlating safety and precision with profitability, Dana has developed a revenue model that is both diverse and resilient, deftly balancing its vast product line and global footprint. This adaptability ensures Dana not only meets the needs of today’s market but also anticipates tomorrow’s challenges, keeping its metaphorical wheels in constant motion.
Margin Expansion: Dana posted a strong Q3 with adjusted EBITDA margin up 260 bps to 8.5%, driven by accelerated cost savings and operational efficiencies.
Cost Savings: The company is ahead of schedule on its $310 million cost savings target, reaching a $235 million run rate by Q3 and expecting a full $310 million by year-end.
Guidance Raised: Full-year adjusted EBITDA guidance increased by $15 million at midpoint due to quicker realization of cost savings and improved tariff recovery.
Share Repurchases: Dana aggressively repurchased shares, buying over 20% of shares outstanding year-to-date, and expects to complete the current program shortly.
Commercial Vehicle Weakness: The commercial vehicle market in North America and Brazil remains soft, with no signs of recovery expected before mid-2026.
Off-Highway Divestiture: The sale of the off-highway business is on track to close in Q4, with nearly all regulatory approvals received.
Free Cash Flow Improvement: Adjusted free cash flow for Q3 was $101 million, a $109 million year-over-year increase, helped by improved profitability and working capital.
