Core Insights - Dana Incorporated announced its financial results for the second quarter of 2025, reflecting the Off-Highway business as a discontinued operation, which is a strategic move to focus on light- and commercial-vehicle markets [1][2] Financial Performance - Sales for continuing operations in Q2 2025 totaled $1.95 billion, a decrease from $2.05 billion in Q2 2024 [2] - Adjusted EBITDA for Q2 2025 was $145 million, representing 7.5% of sales, compared to $110 million or 5.4% of sales in Q2 2024 [3] - Loss before tax was $24 million, an improvement from a loss of $53 million in Q2 2024 [3] Cash Flow and Capital Return - Operating cash flow in Q2 2025 was $36 million, down from $215 million in Q2 2024 [4] - The company initiated a $1 billion capital return program, repurchasing over $250 million in shares during Q2 2025, with an expectation to return an additional $100 to $150 million to shareholders in Q3 2025 [2][8] Cost-Saving Initiatives - Dana's cost-savings initiative has progressed well, realizing nearly $60 million in Q2 2025 and $110 million to date, with a total target of $310 million through 2026 [2][8] - The company is raising its full-year guidance for continuing operations, reflecting higher tariff recoveries and enhanced cost performance [5] Revised Financial Guidance - Current guidance for full-year 2025 sales is projected between $7.25 billion and $7.55 billion, with adjusted EBITDA expected between $540 million and $610 million [7] - The adjusted free cash flow guidance has been increased by $50 million, now expected to be between $225 million and $325 million [9] Segment Performance - For Q2 2025, light vehicle sales were $1.335 billion, down from $1.401 billion in Q2 2024, while commercial vehicle sales decreased from $646 million to $600 million [21] - Adjusted EBITDA for light vehicles increased from $90 million in Q2 2024 to $112 million in Q2 2025, while commercial vehicle adjusted EBITDA rose from $39 million to $47 million [21] Company Overview - Dana Incorporated is a leader in designing and manufacturing propulsion and energy-management solutions, with a focus on sustainable progress and innovation [19][20] - The company reported sales of $7.7 billion in 2024 and operates in 26 countries with a workforce of 28,000 [20]
Dana Incorporated Reports 2025 Strong Second-quarter Financial Results; Raises 2025 Full-year Guidance