Depreciation (287) (270) Non-service cost components of pension and OPEB costs (10) (3) Corporate expense and other items, net 2 Stock compensation expense (5) (5) Strategic transaction expenses (2) (1) Distressed supplier costs (14) DANA INCORPORATED Restructuring charges, net (21) 1 Stock compensation expense (19) (13) Strategic transaction expenses (4) (6) Distressed supplier costs (26) Other items (1) $ 92$ (133) Earnings before interest and income taxes 305 24 Loss on extinguishment of debt (1) Interes ...

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: September 30, 2023 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 | | --- | --- | | ...

Q2 2023 Financial Performance - Sales increased to $2748 million, a $162 million increase from $2586 million in Q2 2022[10, 32] - Adjusted EBITDA increased to $243 million, up from $162 million in Q2 2022[10, 32] - Margin increased by 250 bps to 88%[32] - Diluted Adjusted EPS increased to $037, up from $008 in Q2 2022[32] - Free Cash Flow was $134 million, a decrease of $33 million from $167 million in Q2 2022[32] Full Year 2023 Guidance - Sales target is approximately $10700 million[18] - Adjusted EBITDA target is approximately $850 million[18] - Margin target is 79%[18] - Free Cash Flow target is approximately $75 million[20, 39]

Financial Data and Key Metrics Changes - The company achieved record second quarter sales of $2.7 billion, a $162 million increase over the same period last year, driven by strong customer demand and ongoing cost recovery efforts [18] - Adjusted EBITDA for the quarter was $243 million, up $81 million or 50% year-over-year, reflecting strong operational execution [18] - Adjusted earnings per share improved to $0.37, an increase of $0.29 per share compared to the previous year [19] - Free cash flow was reported at $134 million, down $33 million from last year due to higher capital spending [42] Business Line Data and Key Metrics Changes - The company noted strong demand across all end markets, with approximately 120 active program launches this year, including a balance of EV and ICE programs [22] - The electrification business saw organic sales increase by $36 million in the second quarter compared to last year, with adjusted EBITDA up by $4 million [54] - The Power Technologies segment experienced weaker margins, attributed to ongoing investments in EV technology and the diverse nature of the business [62] Market Data and Key Metrics Changes - Demand across all end markets remains strong as vehicle manufacturers work to restock inventory, with expectations for improved market conditions in the second half of the year [20] - Commodity costs are expected to remain a tailwind, although prices have not fallen as quickly as anticipated [21] - Foreign currency translation negatively impacted sales by $21 million, but is expected to moderate in the back half of the year [27] Company Strategy and Development Direction - The company is focused on being a leading supplier for both ICE and zero-emissions vehicle manufacturers, emphasizing the importance of in-house capabilities in electrification [19] - The strategy includes leveraging expertise in e-Transmission capabilities across multiple applications and markets [24] - The company aims to maintain a balance between in-house production and outsourcing, ensuring flexibility in meeting customer needs [76] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges such as inflationary pressures and supply chain disruptions but expressed optimism about stabilizing market conditions [20] - The company expects to see benefits from decreasing production volatility, although higher net inflation is anticipated [22] - Management emphasized the importance of total profitability and return on invested capital over traditional margin metrics, given the current market dynamics [80] Other Important Information - The company has taken proactive measures to enhance its product portfolio and operational efficiency, positioning itself well for the transition to electrification [36] - The company reported a significant new electrification business partnership with a major North American OEM, highlighting its capabilities in e-Propulsion systems [23] Q&A Session Summary Question: What are the dynamics of net cost inflation? - Management confirmed a $50 million headwind expected in the second half due to net unrecovered inflation, contrasting with over recoveries in the first half [4] Question: Can you provide details on the timing and investment for the e-beam axle? - Management indicated that the launch timing would be outside the traditional three-year backlog window and would require increased investment [5] Question: How does the company view the impact of lower inflation on supplier margins? - Management noted that even with lower inflation, margins might remain structurally lower due to the inability to recover all costs, emphasizing the focus on return on invested capital [9][80] Question: What is the outlook for organic sales in the second half? - Management indicated that organic sales are expected to be flat, primarily driven by lower recoveries on gross inflation [77]

☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2023 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting comp ...

Dana Incorporated (NYSE:DAN) Q1 2023 Earnings Conference Call April 28, 2023 9:00 AM ET Company Participants Craig Barber - Senior Director, Investor Relations & Strategic Planning Jim Kamsickas - Chairman & Chief Executive Officer Timothy Kraus - Senior Vice President & Chief Financial Officer Conference Call Participants Colin Langan - Wells Fargo Tom Narayan - RBC Noah Kaye - Oppenheimer James Picariello - BNP Paribas Ryan Brinkman - JPMorgan Rod Lache - Wolfe Research Dan Levy - Barclays Operator Good m ...

Company-wide Transformation Driving Customer Satisfaction and Technology Leadership Value Others | Inspire Innovation | Grow Responsibly | Win Together Safe Harbor Statement Business Review Craig Barber Senior Director, Investor Relations and Strategic Planning Financial Review 2023 First-quarter Earnings Conference Call April 28, 2023 2 Agenda 3 James Kamsickas Chairman and Chief Executive Officer © 2023 Dana © 2023 Dana 4 Company transformation driving growth and positioning us for continued success Opera ...

Form 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Commission File Number: 1-1063 Dana Incorporated (Exact name of registrant as specified in its charter) | Delaware | 26-1531856 | | --- | --- | | (State of incorporation) | (IRS Employer Identification Number) | | 3939 Technology Drive, Maumee, OH | 43537 | | (Address of principal executive of ices) | (Zip Code) | Registrant's telephone number, including area code: (419) 887-3000 Securities registered pursuant ...

Dana Incorporated (NYSE:DAN) Q4 2022 Earnings Conference Call February 21, 2023 9:00 AM ET Company Participants James Kamsickas - Chairman, Chief Executive Officer Timothy Kraus - Senior Vice President, Chief Financial Officer Craig Barber - Senior Director, Investor Relations and Strategic Planning Conference Call Participants Noah Kaye - Oppenheimer Dan Levy - Barclays Emmanuel Rosner - Deutsche Bank Colin Langan - Wells Fargo James Picariello - BNP Paribas Rod Lache - Wolfe Research Operator Good mornin ...

2022 Fourth-quarter and Full-year | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------|-------|-------|-------|-------| | February 21, 2023 Earnings Conference Call | | | | | | | | | | | | Company-wide Transformation Driving Customer Satisfaction and Technology Leadership | | | | | 2 Certain statements and projections contained in this presentation are, by their nature, forward-looking within the meaning of the Private Securities Litigation ...