Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From to Commission File Number: 1-1063 Dana Incorporated (Exact name of registrant as specified in its charter) | Delaware | 26-1531856 | | --- | --- | | (St ...

Dana (DAN) reported $2.74 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.4%. EPS of $0.02 for the same period compares to $0.25 a year ago.The reported revenue represents a surprise of +2.93% over the Zacks Consensus Estimate of $2.66 billion. With the consensus EPS estimate being $0.10, the EPS surprise was -80.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

Dana (DAN) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -80%. A quarter ago, it was expected that this automotive equipment supplier would post a loss of $0.02 per share when it actually produced a loss of $0.08, delivering a surprise of -300%.Over the last four quarters, the compa ...

MAUMEE, Ohio, April 30, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) earned a 2024 Automotive News PACE Award for its electro-mechanical, infinitely variable transmission (EMIVT) system at the annual awards ceremony held on April 29, 2024. With this win, Dana has earned nine PACE Awards throughout the program's history, including two PACE Innovation Partnership Awards, and has been named a finalist 25 times. Dana's electro-mechanical, infinitely variable transmission is a multi-mode driveline system t ...

Exhibit 99.1 IMMEDIATE Dana Incorporated Reports 2024 First-Quarter Financial Results With Increased Sales, Adjusted EBITDA, and Free Cash Flow Raises Full-Year Free Cash Flow Guidance MAUMEE, Ohio, April 30, 2024 – Dana Incorporated (NYSE: DAN) today announced financial results for the first quarter of 2024. "Dana delivered strong performance in the first quarter with improved sales, profit margins, and free cash flow over the previous year. Consistent with the past several quarters, stable demand in key m ...

MAUMEE, Ohio, April 12, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2024 first-quarter financial results on Tuesday, April 30, 2024. A press release will be issued at approximately 7 a.m. EDT, followed by a conference call and webcast at 10 a.m. EDT. Members of the company's senior management team will be available at that time to discuss the results and answer related questions. The conference call can be accessed by telephone from both domestic and international locations using the ...

MAUMEE, Ohio, March 4, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that it has been recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. In 2024, a total of 136 companies spanning 20 countries and 44 industries were recognized. Dana is one of only eight honorees across the mobility industry. "It is an honor to have Dana named as one of the World's Most Ethical Companies for t ...

MAUMEE, Ohio, Feb. 21, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that, as part of an ongoing evaluation of its operations and product portfolio, the company has entered into a definitive agreement to sell its European hydraulics business to HPI Group, a hydraulics business jointly held by Apogee Group and EiM Capital. The transaction is expected to be completed in the first half of 2024, subject to regulatory approvals and customary closing conditions. The transaction includes opera ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for the year was $845 million, an increase of $145 million, driven by efficient execution across the company despite challenges from the UAW strike [8][54] - Full year net income was $38 million compared to a net loss of $242 million last year, primarily due to a one-time non-cash goodwill impairment charge in 2022 [41] - Free cash flow was a use of $25 million for the full year, reflecting higher working capital requirements and capital spending [41][86] Business Line Data and Key Metrics Changes - Sales improved by 4% over the prior year, with a total of $10.6 billion for the year, driven by improved demand across all end markets [26][40] - EV product sales grew by $182 million over 2022, totaling $760 million across all end markets [84] - The company completed over 100 program launches in 2023, representing more than $2.5 billion in annual sales [28][30] Market Data and Key Metrics Changes - Light vehicle production volumes are expected to increase by 2% to 5% as customer demand remains resilient post-UAW strike [18] - The heavy vehicle market is anticipated to decline compared to last year after several years of growth, although Dana is gaining market share in this segment [19][51] - North America and Asia are expected to see growth, while Europe and South America may experience declines, resulting in a net market growth of $135 million for Dana [21] Company Strategy and Development Direction - Dana aims to achieve long-term sales targets of over $11 billion by 2025, supported by a balanced product portfolio across ICE and EV markets [30][54] - The company is focused on improving operational efficiencies and driving synergies across its business to enhance customer satisfaction and profitability [12][13] - Dana's strategy includes expanding its electrification capabilities and entering new markets, as evidenced by new business wins in the EV sector [32][34] Management's Comments on Operating Environment and Future Outlook - Management expects higher sales, profits, and free cash flow in 2024 due to improved operating conditions and a record sales backlog of $950 million [12][46] - Cost inflation is moderating, but labor costs have increased globally, and the company is monitoring logistics to navigate potential challenges [15][16] - The overall operating environment is anticipated to improve, allowing Dana to leverage efficiencies and reduce launch costs [14][16] Other Important Information - The company reported a record three-year sales backlog of $950 million, with 74% coming from EV platforms [49] - Free cash flow is expected to improve to approximately $50 million in 2024, driven by higher profits and lower capital spending [63][67] - The company is introducing a new guidance item for GAAP diluted EPS, expecting it to be approximately $0.60 for 2024 [89] Q&A Session Summary Question: What is the expected cadence for the company in 2024? - Management indicated that the profit pattern is returning to a more normalized range, with Q1 and Q4 being lighter and Q2 and Q3 being the heaviest [94] Question: How should the alignment of EV and ICE programs be viewed? - Management noted that the alignment depends on the specific program and customer strategies, with both EV and ICE programs being pursued [99][100] Question: What is driving the higher EV growth in the backlog? - Management explained that the backlog reflects a significant shift towards electrification, with sourcing influenced by customer demand over the past few years [101] Question: How will free cash flow be managed in light of potential customer plan slowdowns? - Management confirmed that there is flexibility in capital spending and that working capital is expected to unwind as the impacts of the UAW strike diminish [105][106] Question: What is the outlook for off-highway markets? - Management expects agriculture to decline slightly, while other segments like underground mining are anticipated to remain neutral compared to the previous year [120]

Dana (DAN) reported $2.49 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 2.4%. EPS of -$0.08 for the same period compares to -$0.10 a year ago.The reported revenue represents a surprise of -3.78% over the Zacks Consensus Estimate of $2.59 billion. With the consensus EPS estimate being -$0.02, the EPS surprise was -300.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...