Dana Inc
DAN
ISIN US2358252052 / Valor 3756701
Dana Inc
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About company
Dana Inc is a global leader in providing mobile drivetrain and motion solutions for a wide range of industries, including construction, agriculture, material handling, mining, and forestry. The company offers customized solutions for vehicles and machines with both conventional and electrified power sources, focusing on delivering innovative technologies to meet customer demands worldwide. Dana is also a leading supplier of fully integrated drivetrain and electrified propulsion systems for passenger vehicles, as well as medium- and heavy-duty commercial vehicles. The company works closely with original-equipment manufacturers and aftermarket customers to deliver best-in-class efficiency, durability, and performance across the globe.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2024):
Increased Sales
Dana Inc's sales for the first quarter of 2024 totaled $2.74 billion, marking an increase from $2.64 billion in the same period of 2023. This growth reflects stable demand in key markets and company-wide efficiency improvements.
Adjusted EBITDA Growth
For the first quarter of 2024, Dana Inc reported an adjusted EBITDA of $223 million, up from $204 million in the same period of 2023. This increase was driven by efficiency improvements that offset the margin impact of inflation and spending on electric-vehicle product development.
Net Income
Dana Inc's net income for the first quarter of 2024 was $3 million, or $0.02 per share, compared to $28 million, or $0.19 per share, in the first quarter of 2023. The decrease was primarily due to a $29 million charge related to the announced divestiture of its European hydraulics business.
Operating Cash Flow
Operating cash flow for Dana Inc in the first quarter of 2024 was a use of $102 million, compared to a use of $170 million in the same period of 2023. Free cash flow also improved significantly, with a use of $172 million compared to $290 million in the first quarter of 2023.
Revised Financial Targets
Dana Inc has raised its full-year 2024 financial targets, now expecting sales of $10.65 to $11.15 billion, adjusted EBITDA of $875 to $975 million, operating cash flow of $500 to $550 million, and free cash flow of $50 to $100 million. The company also projects diluted EPS of $0.35 to $0.85.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2552 M
Market cap (USD)
185,375
Daily traded volume (Shares)
11.835 / 11.45
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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P/E ratio
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EPS (USD)
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Ratings & reviews
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