Financial Performance - Q1 2025 sales decreased to $2352 million from $2735 million in Q1 2024[24] - Adjusted EBITDA for Q1 2025 was $188 million, down from $223 million in Q1 2024[24] - Q1 2025 adjusted free cash flow improved to -$101 million from -$168 million in Q1 2024[33] - Diluted adjusted EPS decreased to $0.13 from $0.26 year-over-year[24] Cost Savings and Outlook - The company is accelerating its cost-savings plan, increasing 2025 cost savings from $175 million to $225 million[12, 17] - Full-year sales guidance is maintained at ~$9.5 billion to $10.0 billion[37] - Full-year adjusted EBITDA guidance is maintained at ~$975 million[37] - Full-year adjusted free cash flow is guided at ~$225 million[37] Segment Performance - Light Vehicle Systems sales were $1180 million, down from $1324 million in Q1 2024[47, 58] - Commercial Vehicle Systems sales were $568 million, down from $653 million in Q1 2024[47, 58] - Off-Highway Drive and Motion Systems sales were $604 million, down from $758 million in Q1 2024[47, 58]
Dana(DAN) - 2025 Q1 - Earnings Call Presentation