Financial Performance - Net sales for the three months ended September 30, 2025, were $1,917 million, a 1.1% increase from $1,897 million in the same period of 2024[8] - Net income attributable to the parent company for the three months ended September 30, 2025, was $83 million, compared to $4 million in the same period of 2024[8] - Total comprehensive income for the three months ended September 30, 2025, was $86 million, compared to $19 million in the same period of 2024[11] - Net income for the nine months ended September 30, 2025, was $148 million, a significant increase from $27 million in the same period of 2024[16] - The company reported a net income of $87 million for Q3 2025, significantly higher than $11 million in Q3 2024, and a net income of $148 million for the nine months ended September 30, 2025, compared to $27 million in the same period of 2024[11] Assets and Liabilities - Total assets increased to $8,108 million as of September 30, 2025, from $7,502 million as of December 31, 2024[13] - Current liabilities rose to $3,158 million as of September 30, 2025, compared to $2,560 million as of December 31, 2024[13] - Long-term debt increased to $2,565 million as of September 30, 2025, from $2,387 million as of December 31, 2024[13] - The company reported a net loss from continuing operations of $16 million for the nine months ended September 30, 2025, compared to a loss of $147 million in 2024[16] Cash Flow and Investments - Cash and cash equivalents decreased to $414 million as of September 30, 2025, from $494 million as of December 31, 2024[13] - The company reported net cash used in investing activities of $(130) million for the nine months ended September 30, 2025, compared to $(205) million in 2024[16] - Cash provided by operating activities from discontinued operations was $165 million for the nine months ended September 30, 2025, down from $192 million in 2024[16] Divestitures and Restructuring - The Off-Highway business is being sold to Allison Transmission Holdings, Inc. for $2,732 million, with the transaction expected to close in Q4 2025[29] - The company incurred $54 million in transaction-related costs for the Off-Highway business divestiture during the nine months ended September 30, 2025[32] - The company plans to reduce approximately 600 employees over the next year as part of its restructuring efforts[39] Stock and Dividends - The company declared a cash dividend of $0.10 per share for the first three quarters of 2025[42] - A stock repurchase program was approved for up to $1 billion, with $556 million remaining available for future repurchases as of September 30, 2025[43] - The company repurchased 14,286,505 shares for $251 million from the Icahn Group on June 17, 2025[43] Segment Performance - Light Vehicle Systems generated external sales of $1,353 million in Q3 2025, up from $1,285 million in Q3 2024, representing an increase of about 5.3%[103] - Commercial Vehicle Systems reported external sales of $564 million for Q3 2025, a decrease of approximately 7.8% from $612 million in Q3 2024[103] - Segment EBITDA for Light Vehicle Systems was $126 million for Q3 2025, compared to $82 million in Q3 2024, indicating a significant increase of 53.7%[103] Tax and Compliance - The effective tax rate for the nine months ended September 30, 2025, was (4)%, compared to (8)% for the same period in 2024[90] - The company recognized a tax benefit of $2 million for the third quarter of 2025, compared to a tax benefit of $18 million for the third quarter of 2024[90] Other Financial Metrics - The company recognized stock compensation expense of $8 million in the third quarter of 2025, compared to $7 million in the third quarter of 2024[55] - The balance of accumulated other comprehensive income (loss) as of September 30, 2025, was $(1,047) million[47] - The company reported a warranty liability balance of $80 million at the end of the third quarter of 2025, down from $84 million at the end of the third quarter of 2024[86]

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Financial Data and Key Metrics Changes - Sales for Q3 2025 were $1.917 billion, an increase of $20 million compared to Q3 2024, reflecting currency recoveries offsetting lower demand [12] - Adjusted EBITDA improved by $51 million year-over-year to $162 million, with a margin expansion of 260 basis points to 8.5% due to cost-saving actions and operational efficiencies [12][13] - EBIT improved significantly to $53 million from a loss of $8 million in the prior period, while net income attributable to Dana was $13 million compared to a loss of $21 million in Q3 2024 [12][13] Business Line Data and Key Metrics Changes - Volume and mix in Q3 2025 were $66 million lower, driven by lower demand in commercial vehicle markets, partially offset by higher sales in light vehicles [14] - Cost savings contributed $73 million in profit, bringing the total to $183 million year-to-date, with an increased target of $235 million for the full year 2025 [16][18] Market Data and Key Metrics Changes - Commercial vehicle demand in North America is deteriorating, with a current annualized run rate of around 200,000 units, and no signs of improvement expected until mid-2026 [30][90] - Light vehicle demand remains stable, with production disruptions having minimal impact on light vehicle system sales [10][12] Company Strategy and Development Direction - The company is focused on restructuring initiatives that are expected to turn from headwinds to tailwinds, with an emphasis on cost-saving measures and operational improvements [5][10] - The off-highway divestiture is on track to close in Q4 2025, with most regulatory approvals received [8][10] - The company plans to continue investing in automation and efficiency improvements to enhance margins and shareholder value [60][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the full-year guidance, with an expectation of improved performance in Q4 driven by cost-saving initiatives and better product mix [18][84] - The outlook for commercial vehicles remains cautious, with no immediate signs of recovery, while light vehicle programs are expected to drive volume growth [30][48] Other Important Information - The company repurchased approximately 9.5 million shares, representing 7% of outstanding shares, and plans to complete the share repurchase program soon [9] - Adjusted free cash flow for Q3 2025 was $101 million, a $109 million improvement year-over-year, driven by higher profitability and better working capital management [17] Q&A Session Summary Question: Impact of tariff policy changes on U.S. OEMs - Management noted that U.S. OEMs are likely benefiting more from recent tariff policy changes compared to European counterparts, as the rebate is based on vehicles assembled in the U.S. [26][27] Question: Deterioration in commercial vehicle market - Management indicated no signs of improvement in the commercial vehicle market, expecting a soft market through mid-2026 [30] Question: Drivers of Q4 performance - Management highlighted continued cost-saving improvements and better product mix as key drivers for expected Q4 performance [36][38] Question: Performance drivers and pricing improvements - Management confirmed that pricing improvements and new platform launches are contributing to performance, with a focus on productivity and efficiency [44][46] Question: Backlog and EV program cancellations - Management acknowledged that the backlog has been impacted by EV program cancellations, but expects increases in internal combustion engine (ICE) programs [107][108]

Financial Data and Key Metrics Changes - Sales for Q3 2025 were $1.917 billion, an increase of $20 million compared to Q3 2024, reflecting currency recoveries offsetting lower demand [12] - Adjusted EBITDA improved by $51 million year-over-year to $162 million, with a margin expansion of 260 basis points to 8.5% due to cost-saving actions and operational efficiencies [12][13] - EBIT improved significantly to $53 million from a loss of $8 million in the prior period, while net income attributable to Dana was $13 million compared to a loss of $21 million in Q3 2024 [12][13] Business Line Data and Key Metrics Changes - Volume and mix in Q3 2025 were $66 million lower, driven by lower demand in commercial vehicle markets, partially offset by higher sales in light vehicles [14] - Cost savings contributed $73 million in profit, bringing the total to $183 million year-to-date, with an increased target of $235 million for the full year 2025 [16][18] Market Data and Key Metrics Changes - Commercial vehicle demand in North America is deteriorating, with a current annualized run rate of around 200,000 units, and no signs of improvement expected until mid-2026 [30][90] - Light vehicle demand remains stable, with production disruptions having minimal impact on light vehicle system sales [10][12] Company Strategy and Development Direction - The company is focused on restructuring initiatives that are expected to turn current headwinds into tailwinds, with an emphasis on cost savings and operational improvements [5][10] - The off-highway divestiture is on track to close in Q4 2025, with most regulatory approvals received [8][10] - The company plans to maintain a capital return commitment of $600 million for the year [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the full-year guidance, with an expectation of improved performance in Q4 driven by cost-saving initiatives and better product mix [10][18] - The outlook for commercial vehicles remains cautious, with no immediate signs of recovery, while light vehicle demand is expected to remain stable [10][30] Other Important Information - The company has been actively buying back shares, having repurchased nearly 30 million shares or over 20% of its outstanding shares [9] - Adjusted free cash flow for Q3 2025 was $101 million, representing a $109 million improvement compared to the prior year [17] Q&A Session Summary Question: Impact of tariff policy changes on U.S. OEMs - Management noted that U.S. OEMs are likely benefiting more from recent tariff policy changes compared to European OEMs, as the rebate is based on vehicles assembled in the U.S. [27] Question: Deterioration in commercial vehicle market - Management confirmed that there are no signs of improvement in the commercial vehicle market, with expectations of a soft market continuing into mid-2026 [30] Question: Fourth quarter margin outlook - Management indicated that sequential margin improvement is expected due to continued cost-saving initiatives and improved product mix [36] Question: Drivers of pricing improvements - Pricing improvements are driven by new platforms and programs, with commercial teams successfully negotiating recoveries [45] Question: Backlog and EV cancellations - Management acknowledged that the backlog has been impacted by EV program cancellations, but there are still increases in internal combustion engine (ICE) programs expected [107][110]

Financial Performance - Sales for Q3 2025 were $1.917 billion, an increase of $20 million year-over-year, driven by currency benefits despite lower demand [11][12] - Adjusted EBITDA improved to $162 million, up $51 million from the previous year, with a margin expansion of 260 basis points to 8.5% due to cost-saving actions [11][12] - Net income attributable to Dana was $13 million, a positive swing of $34 million compared to a loss of $21 million in Q3 of last year [12] Business Line Performance - Volume and mix negatively impacted sales by $66 million, primarily due to lower demand in commercial vehicle markets, partially offset by higher sales in light vehicles [13] - Cost savings contributed $73 million to profit, with a total of $183 million achieved to date, and an increased target of $235 million for the full year [14][19] Market Performance - Commercial vehicle demand in North America continues to deteriorate, with no signs of recovery expected until mid-2026 [29][30] - Light vehicle demand remains stable, with production disruptions having minimal impact on sales [9][10] Company Strategy and Industry Competition - The company is on track to close the off-highway divestiture in Q4 2025, with most regulatory approvals received [6][10] - The company plans to return $600 million to shareholders this year, having repurchased nearly 30 million shares, or over 20% of shares outstanding [7][22] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in achieving a full-year sales target of approximately $7.4 billion and an adjusted EBITDA of about $590 million [17][18] - The company anticipates a margin improvement in continuing operations, with a target of 10% to 10.5% margins for 2026 [22][23] Other Important Information - Adjusted free cash flow for Q3 was $101 million, a $109 million improvement year-over-year, driven by higher profitability and lower working capital requirements [15][16] - The company expects to recover $10 million in costs related to EV program cancellations in Q4 [64][68] Q&A Session Summary Question: Impact of tariff policy changes on U.S. OEMs - Management noted that U.S. OEMs are likely benefiting more from recent tariff policy changes compared to European counterparts due to their higher production in the U.S. [26][27] Question: Deterioration in commercial vehicle market - Management indicated no signs of recovery in the commercial vehicle market, expecting a soft market through mid-2026 [29][30] Question: Drivers of fourth-quarter performance - Management highlighted continued cost-saving initiatives and improved product mix as key drivers for expected performance in Q4 [32][33] Question: Performance of pricing improvements - Pricing improvements are driven by new platforms and effective negotiations with customers, contributing significantly to profit [40][42] Question: Backlog and EV cancellations - Management confirmed that the backlog has been impacted by EV program cancellations, but there are still increases in ICE programs expected [100][102]

Financial Performance - Q3 2025 - Sales increased to $1.917 billion from $1.897 billion in Q3 2024, a $20 million increase[16] - Adjusted EBITDA rose to $162 million from $111 million in Q3 2024, a $51 million increase[16] - Adjusted EBITDA margin improved to 8.5% from 5.9% in Q3 2024, a 260 bps increase[16] - Adjusted Free Cash Flow increased to $101 million from negative $8 million in Q3 2024, a $109 million increase[22] Cost Savings and Share Repurchase - Realized $73 million in cost savings in Q3 2025, bringing the year-to-date total to $183 million[10] - Repurchased approximately 9.5 million shares in Q3 2025, representing about 7% of outstanding shares, returning $189 million to shareholders[13] Full-Year 2025 Guidance - Expecting 2025 share repurchases of $600 million[13] - Full-year sales guidance is approximately $7.4 billion, plus or minus $100 million[25] - Adjusted EBITDA guidance is approximately $590 million, plus or minus $20 million[25] - Adjusted free cash flow guidance is approximately $275 million, plus or minus $25 million[25]

Financial Performance - Sales for continuing operations in Q3 2025 totaled $1.92 billion, a 1.1% increase from $1.90 billion in Q3 2024[3] - Net income from continuing operations was $13 million, compared to a net loss of $21 million in Q3 2024, representing a $34 million improvement[4] - Adjusted EBITDA for Q3 2025 was $162 million, or 8.5% of sales, up from $111 million, or 5.9% of sales, in Q3 2024, reflecting a 260 basis point increase[4] - Net sales for the nine months ended September 30, 2025, decreased to $5.633 billion from $5.960 billion in 2024, a decline of approximately 5.5%[26] - Net loss from continuing operations improved to $(16) million for the nine months ended September 30, 2025, compared to $(147) million in 2024, representing a significant reduction of 89%[28] - Total comprehensive income for the nine months ended September 30, 2025, was $244 million, compared to a loss of $(54) million in 2024, indicating a turnaround in performance[28] - Basic earnings per share for the nine months ended September 30, 2025, increased to $0.97 from $0.16 in 2024, marking a growth of 506%[26] - Adjusted EBITDA for the nine months ended September 30, 2025, increased to $402 million, a 29.3% increase from $311 million in 2024[79] Cash Flow and Liquidity - Operating cash flow in Q3 2025 was $111 million, a $76 million increase compared to $35 million in Q3 2024[5] - Adjusted free cash flow was $101 million, compared to a use of $8 million in Q3 2024, marking a $109 million improvement[5] - The company reported a net cash position of $111 million, indicating strong liquidity[30] - Net cash provided by operating activities for Q3 2025 was $111 million, compared to $35 million in Q3 2024[34] - The net cash used in operating activities from continuing operations was $59 million, compared to $44 million in the previous year[32] - The company reported net cash used in investing activities of $57 million, consistent with the prior year[32] Cost Savings and Guidance - The company realized $73 million in cost savings in Q3 2025, totaling $183 million to date, with an expectation of $235 million for the full year[6] - Dana raised its full-year profit guidance due to accelerated cost savings initiatives[6] - 2025 financial targets for continuing operations include sales guidance of $7.3 to $7.5 billion and adjusted EBITDA guidance of $570 to $610 million[8] - Full-year sales guidance for 2025 is set at approximately $7.4 billion, with an adjusted EBITDA expectation of around $590 million[55] - A cost savings plan of $310 million is on track for completion by 2026, with $235 million of savings anticipated in 2025[46] Shareholder Returns and Repurchases - The company plans to repurchase an additional $155 million in shares in Q4 2025, bringing the total repurchases for the year to $600 million[3] - The company repurchased common stock worth $182 million during the period[31] Segment Performance - Light Vehicle segment sales increased to $1,353 million in Q3 2025 from $1,285 million in Q3 2024[35] - Commercial Vehicle segment sales decreased to $564 million in Q3 2025 from $612 million in Q3 2024[35] - Light Vehicle segment sales for the nine months ended September 30, 2025, were $3,901 million, a decrease of 3.7% from $4,049 million in 2024[77] Debt and Interest Expenses - Interest expense increased to $130 million for the nine months ended September 30, 2025, compared to $117 million in 2024, an increase of 11.1%[26] - Interest expense for Q3 2025 was $47 million, compared to $38 million in Q3 2024[37] Operational Challenges and Outlook - Future outlook remains cautious due to market conditions and operational challenges[30] - The pending sale of the Off-Highway business is expected to close late in Q4 2025, aligning with the company's strategic focus[45]

Group 1 - Dana Incorporated will participate in the Gabelli 49th Annual Automotive Symposium on November 3, with a fireside chat hosted by Chairman and CEO R. Bruce McDonald [1] - The company reported sales of approximately $7.7 billion in 2024 and employs 28,000 people across 26 countries [3] - Dana has been recognized as one of the "World's Most Ethical Companies" for 2025 and one of "America's Most Responsible Companies 2025" [3] Group 2 - Dana is a leader in designing and manufacturing efficient propulsion and energy-management solutions for various mobility markets globally [2] - The company focuses on sustainable progress through both conventional and clean-energy solutions, supporting nearly every vehicle manufacturer [2]

Core Insights - Dana Incorporated has appointed Olivia Nelligan to its board of directors, effective immediately, bringing extensive experience in global finance and strategic planning [1][2]. Company Overview - Dana is a leader in designing and manufacturing propulsion and energy-management solutions for vehicles and machines globally, focusing on sustainable progress through both conventional and clean-energy solutions [3]. - The company reported sales of approximately $7.7 billion in 2024 and employs around 28,000 people across 26 countries [4]. Leadership and Expertise - Olivia Nelligan serves as executive vice president, chief financial officer, and chief strategy officer at CHS Inc., overseeing finance and strategic planning [1][2]. - She holds a bachelor's degree in civil law, a higher diploma in business and financial information systems, and an MBA, along with professional qualifications from Chartered Accountants Ireland and the Institute of Taxation in Ireland [2]. Recognition and Culture - Dana has been recognized as one of the "World's Most Ethical Companies" for 2025 and as one of "America's Most Responsible Companies 2025" [4]. - The company promotes a high-performance culture that emphasizes valuing others, inspiring innovation, and responsible growth [4]. Upcoming Events - Dana is set to announce its 2025 third-quarter financial results on October 29, 2025, with a press release to follow [6].

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]