Dana Incorporated is a global leader in the design and manufacture of highly engineered drivetrain and power technologies for various industries, including automotive, commercial vehicle, and off-highway applications
The company specializes in producing components such as axles, driveshafts, and thermal management systems, focusing on enhancing efficiency and performance. With a commitment to innovation, Dana invests in advanced technologies and sustainable solutions, aiming to meet the evolving needs of its diverse customer base while contributing to a cleaner and more energy-efficient future.
Dana Incorporated reported FY24 preliminary results, with sales at $10.3 billion and adjusted EBITDA at $885 million. FY25 outlook includes sales of $9.5-10.0 billion, adjusted EBITDA of $925 million-$1.025 billion, and free cash flow of $175-275 million. The company plans to restructure its business segments and expects to sell the Off-Highway segment to unlock shareholder value and reduce leverage.
Dana reported Q1 sales beat, affirming FY24 guidance amid efficiency gains. Company-wide efficiency improvements continue to offset the margin impact of inflation and spending on development for electric-vehicle products, Dana said.
