2024 Fourth-Quarter & Full-Year Earnings Conference Call February 20, 2025 Value Others | Inspire Innovation | Grow Responsibly | Win Together Safe Harbor Statement Certain statements and projections contained in this presentation are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain as ...

Financial Data and Key Metrics Changes - For the full year, sales decreased by nearly $300 million, reflecting softness in key areas, particularly in EV and off-highway markets [7][21] - Adjusted EBITDA for the fourth quarter was $186 million, with a profit margin of 8%, representing a 170 basis point improvement year-over-year [22] - Full year adjusted EBITDA was $885 million, $40 million higher than the previous year, with a profit margin of 8.6%, a 60 basis point improvement [23] - Free cash flow improved from a slightly negative position in 2023 to $70 million in 2024, with expectations to triple in 2025 [10][34] Business Line Data and Key Metrics Changes - Organic sales were $135 million lower in Q4 due to lower OEM production of heavy vehicles, while adjusted EBITDA on organic sales was $33 million higher due to improved cost efficiencies [27] - The cost-saving program contributed $10 million to adjusted EBITDA in Q4, with similar contributions expected for the full year [28][30] - The company anticipates a decline in organic sales of approximately $285 million for 2025, driven by lower demand across all end markets [37] Market Data and Key Metrics Changes - The light vehicle market is expected to remain flat year-over-year, consistent with other suppliers' expectations [16] - Commercial vehicle markets are anticipated to stabilize towards the end of the year, with beneficial impacts expected from pre-buys associated with 2026 emissions legislation [17] - The backlog decreased to $650 million, down about $300 million from the previous year, primarily due to lower volumes on existing programs [19][20] Company Strategy and Development Direction - The company is focused on completing the off-highway divestiture, with expectations to announce a transaction in early Q2 [10][11] - A commitment to achieving adjusted EBITDA margins of 10% in 2025 and pushing towards double digits in 2026 is emphasized [14] - The company is taking a more measured approach to EV investments, reducing capital expenditure intensity moving forward [12] Management's Comments on Operating Environment and Future Outlook - Management noted that while the market is showing some weakness, early signs indicate that conditions may be better than previously feared [18] - The company expects to see a recovery in the second half of the year, with improved demand as inventories normalize [42] - Management expressed confidence in the execution of the $300 million cost reduction program, which is expected to significantly enhance profitability [120] Other Important Information - The company is targeting a net leverage of around one times through the cycle, aiming for a conservative balance sheet [15] - The impact of foreign currency translation was noted as a headwind, with expectations of approximately $195 million in sales impact for 2025 [38] Q&A Session Summary Question: Update on off-highway divestiture timeline - Management confirmed a robust process with strong interest and expects to sign a transaction in early Q2 [46] Question: Clarification on 2025 guidance and backlog segmentation - The light vehicle outlook is based on specific programs rather than overall market trends, with the majority of backlog in light vehicle driveline parts [49][50] Question: Tax guidance and valuation allowances - Management explained that the volatility in EPS is due to changes in income mix and valuation allowances, with expectations for normalization post-divestiture [54][58] Question: Commercial vehicle market turnaround - Management indicated that improvements in the commercial vehicle sector are expected to begin in Q1, with significant cost savings anticipated [71] Question: Impact of tariffs on pricing strategy - The company intends to pass through any tariff impacts to customers and has formally notified them of this strategy [87][116] Question: Backlog composition and future activity - Management clarified that backlog calculations do not include additional vehicle volume on current programs, focusing instead on new variants [111]

Dana (DAN) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this automotive equipment supplier would post earnings of $0.25 per share when it actually produced earnings of $0.12, delivering a surprise of -52%.Over the last four quarters, the compan ...

Full-year Results Sales of $10.3 billion, a decrease of $271 million compared to last year Net loss of $57 million, compared with a net income of $38 million in 2023 Adjusted net income of $136 million compared with adjusted net income of $122 million last year Adjusted EBITDA of $885 million, an increase of $40 million over last year Adjusted EBITDA margin of 8.6 percent, a 60-basis-point improvement compared with 2023 Free cash flow of $70 million, an increase of $95 million over 2023 Three-year new busin ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

The broader market has been stuck in a holding pattern over the past couple of months, with many of the usual leaders consolidating after strong gains. While these stocks remain compelling long-term investments, they may need more time to rest before resuming their uptrends.Meanwhile, a few under-the-radar stocks are bucking the trend and gaining momentum despite the market’s relative quiet period. I’ve identified three top-ranked names—Innodata ((INOD), Dana ((DAN), and National Fuel Gas Company ((NFG)—tha ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Fulton Financial Corporation (FULT) : This consumer and commercial banking products and services company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.First Bancorp (FBNC) : This bank holding company for First Bank has seen the Zacks Consensus Estimate for its next year earnings increasing 6.8% over the last 60 days.Dana Incorporated (DAN) : This company that provides power-con ...

Here are two stocks with buy rank and strong income characteristics for investors to consider today, February 11th:Fulton Financial Corporation (FULT) : This consumer and commercial banking products and services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 3.5%, compared with the industry average of 2.5%.Dana Incorporated (DAN) : This company that provides power-conveyance and energy- ...

Group 1 - The article compares two stocks in the Automotive - Original Equipment sector: Dana (DAN) and Hesai Group Sponsored ADR (HSAI) to determine which is more attractive to value investors [1] - Dana has a Zacks Rank of 1 (Strong Buy), indicating a stronger improvement in its earnings outlook compared to Hesai Group, which has a Zacks Rank of 2 (Buy) [3] - Value investors analyze various traditional metrics to assess whether a company is undervalued at its current share price levels [3][4] Group 2 - Dana has a forward P/E ratio of 10.67, significantly lower than Hesai Group's forward P/E of 60.39, suggesting that Dana may be undervalued [5] - Dana's PEG ratio is 0.71, while Hesai Group's PEG ratio is 1.60, indicating that Dana has a more favorable growth outlook relative to its valuation [5] - Dana's P/B ratio is 1.50 compared to Hesai Group's P/B of 3.33, further supporting Dana's superior valuation metrics [6] - Based on the valuation metrics, Dana has a Value grade of A, while Hesai Group has a Value grade of C, indicating a stronger value proposition for Dana [6][7]

MAUMEE, Ohio, Feb. 3, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2024 fourth-quarter and full-year financial results on Thursday, Feb. 20, 2024.  A press release will be issued at approximately 7 a.m. EST, followed by a conference call and webcast at 9 a.m. EST.  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 locat ...