Welcome to our dedicated page for Dana news (Ticker: DAN), a resource for investors and traders seeking the latest updates and insights on Dana stock.
Overview
Dana Inc (DAN) is a venerable institution in the design and manufacture of highly efficient propulsion and energy-management solutions, playing a pivotal role in powering vehicles and machinery across global mobility markets. With roots dating back more than a century, Dana has evolved from an era when motorized carriages were a novel idea to become a key developer of advanced drive systems and integrated thermal, sealing, and digital solutions. The company caters to a range of market segments including light vehicles, commercial vehicles, power technologies, and off-highway applications, consistently providing innovative solutions that enhance operational efficiency and performance.
Core Business Segments and Operations
The business model of Dana Inc is structured around four primary segments:
- Light Vehicles: This segment focuses on supplying advanced propulsion, drive, and motion solutions tailored for light trucks, SUVs, crossovers, vans, and passenger cars. Here, design precision and operational reliability meet to support leading original equipment manufacturers (OEMs), ensuring vehicles achieve high efficiency and safety standards.
- Commercial Vehicles: Dana supplies robust drive systems and axle technologies that cater to commercial trucks and fleets. The company emphasizes engineered solutions that enhance durability, fuel efficiency, and overall vehicle performance in demanding operational conditions.
- Power Technologies: Through a blend of traditional and evolving technologies, this segment addresses the market demands for internal combustion engine support, as well as emerging hybrid and electric drivetrains. Its offerings emphasize energy management and power conversion efficiency while integrating advanced software and control systems.
- Off-Highway: Addressing sectors such as construction, mining, and industrial machinery, Dana’s off-highway division provides tailored solutions that encompass drive components, remanufacturing services, and electrified power systems. This segment underscores the company’s commitment to sustainability and cost efficiency in heavy-duty applications.
Innovation and Technological Advancements
At the heart of Dana Inc's enduring success is its emphasis on innovation and technological excellence. The company continuously adapts its product portfolio to meet the evolving demands of a shifting mobility landscape. Notable initiatives include its remanufacturing programs—designed to extend the lifecycle of components through the Dana Certified Reman program—and advanced electrified driveline systems that support the trending shift towards hybrid and zero-emission technologies. Industry-specific keywords such as propulsion, energy-management, and OEM integration are integral to Dana’s narrative, underlining the company’s expertise in engineering precision and operational efficiency.
By strategically investing in research and developing platforms that leverage high-performance materials and digital integration, Dana has refined its product design to enhance fuel efficiency, reduce maintenance costs, and elevate performance reliability. These innovations not only prolong asset life but also provide customers with a complete ecosystem of services and support across the vehicle production and aftermarket lifecycle.
Market Position, Operational Excellence, and Competitive Landscape
Dana Inc occupies a unique position within the competitive landscape, owing to its integrated business approach and longstanding partnerships with major OEMs worldwide. The company’s ability to blend traditional engineering with state-of-the-art technology has earned it a reputation for reliability and high performance. Its extensive product portfolio is complemented by targeted cost-saving initiatives and efficiency improvements, positioning it advantageously in both mature markets and emerging sectors.
The company faces challenges common to many industrial manufacturers, including cyclical market demands, the need for constant innovation, and the pressures of operational efficiency. However, through robust internal systems, a flexible cost structure, and a commitment to quality, Dana manages to mitigate market volatility while reinforcing its client relationships and market significance.
Customer Value Proposition and Industry Leadership
Dana Inc’s value proposition revolves around delivering high-performance solutions that are both reliable and innovative. Its products are meticulously engineered to meet the rigorous demands of a dynamic mobility market, ensuring optimal performance under varying conditions. Customers benefit from an integrated suite of systems that enhance vehicle efficiency, extend component life cycles, and reduce total ownership costs. This comprehensive approach underlines Dana’s commitment to not only designing superior components but also to offering complete solutions that support long-term operational success.
In addition, the company’s strong focus on research and development fosters a culture of continuous improvement, supporting a high-performance ethos that is reflected in its operational practices and product innovation. With advanced technologies that span conventional engine systems, hybrid solutions, and fully electrified drivetrains, Dana remains at the forefront of industry evolution, underscoring its formidable position in a competitive global market.
Commitment to Engineering Excellence and Global Impact
With deep engineering expertise and decades of industry experience, Dana Inc continues to drive sustainable progress in mobility technology. Its products are developed using a blend of engineering precision and innovative design principles, which are critical in addressing the needs of diverse global markets. From the high-performance drive systems in light vehicles to the robust, durable components found in off-highway and industrial applications, Dana’s solutions are a benchmark for quality and efficiency. The company’s ability to respond to market shifts—whether through advancements in electrification or process optimizations in manufacturing—demonstrates its agile and resilient business model.
Overall, Dana Inc is a powerhouse of innovation and engineering expertise. Its multifaceted operations, spanning several key segments of the automotive and industrial markets, make it an essential partner for OEMs worldwide. By consistently integrating advanced technology with proven engineering practices, Dana continues to deliver products that support operational efficiency, reliable performance, and long-term value creation for its global customer base.
Dana showcased its comprehensive portfolio of drive and motion solutions at Bauma 2025 in Munich, emphasizing sustainability across internal-combustion, hybrid, and electric equipment. The company presented three key integrated drive solutions: a zero-emission system for compact wheel loaders featuring the Spicer® eSG001 e-Transmission, a high-efficiency drivetrain for mid-sized machines compatible with alternative fuels, and an enhanced ICE system for wheeled excavators.
Notable innovations include the Spicer® HVT2 powersplit transmission, which reduces fuel consumption by up to 30 percent, and the new Brevini® S270 planetary gearbox for stationary mining applications. The company also highlighted its Dana Certified Reman program, available in Europe, North America, and China, which supports sustainability by remanufacturing Spicer components to original performance specifications while reducing environmental impact.
Dana Incorporated (NYSE: DAN) has announced its participation in the upcoming Wolfe Research Virtual Autos Summit scheduled for March 18, 2025. The company's Senior Vice President and Chief Financial Officer Timothy Kraus will lead a virtual fireside chat starting at 2:10 p.m. EDT, lasting approximately 40 minutes.
Interested participants can access the webcast through Dana's Investor website at www.dana.com/investors, with access information to be posted prior to the event.
Dana Incorporated (NYSE: DAN) reported its 2024 financial results, showing mixed performance. Sales decreased to $10.3 billion, down $271 million from 2023, primarily due to lower demand across all markets. Despite lower sales, the company achieved improved profitability metrics, with adjusted EBITDA increasing by $40 million to $885 million and margin improving by 60 basis points to 8.6%.
The company reported a net loss of $57 million in 2024, compared to a net income of $38 million in 2023, mainly due to higher restructuring charges. However, free cash flow improved to $70 million, a $95 million increase over 2023. Dana announced a significant cost-reduction program targeting $300 million in annualized savings by 2026, with over $100 million already achieved.
For 2025, Dana projects sales of $9.525-$10.025 billion, adjusted EBITDA of $925-$1,025 million, and free cash flow of $175-$275 million, representing a 10% increase in adjusted EBITDA and $155 million increase in free cash flow.
Dana Incorporated (NYSE: DAN) has announced its board of directors' declaration of a quarterly dividend of $0.10 per share, payable on March 21, 2025, to shareholders of record as of February 28. The company, headquartered in Maumee, Ohio, is a global leader in propulsion and energy-management solutions across all mobility markets.
Dana reported sales of $10.6 billion in 2023 and employs 42,000 people across 31 countries. The company specializes in drive and motion systems, electrodynamic technologies, and thermal, sealing, and digital solutions. Dana was recognized among the 'World's Most Ethical Companies' for 2023 by Ethisphere and as one of 'America's Most Responsible Companies 2024' by Newsweek.
Dana Incorporated (NYSE: DAN) has scheduled the release of its 2024 fourth-quarter and full-year financial results for Thursday, February 20, 2024. The company will issue a press release at approximately 7 a.m. EST, followed by a conference call and webcast at 9 a.m. EST featuring senior management discussions and Q&A.
Dana, headquartered in Maumee, Ohio, is a global leader in propulsion and energy-management solutions for mobility markets. The company reported sales of $10.6 billion in 2023 and employs 42,000 people across 31 countries. Their product portfolio includes drive and motion systems, electrodynamic technologies, and thermal, sealing, and digital solutions. The company was recognized among the 'World's Most Ethical Companies' for 2023 and 'America's Most Responsible Companies 2024'.
Dana Incorporated (NYSE: DAN) announced preliminary unaudited financial results for 2024 and provided 2025 guidance. The company reported preliminary 2024 sales of $10.3 billion and adjusted EBITDA of $885 million, with an 8.6% margin, showing a 60-basis-point improvement from 2023.
The company is increasing its total cost reduction target to $300 million through 2026 and simplifying its organizational structure into two segments: Light Vehicle Systems and Commercial Vehicle Systems. Dana is also pursuing the sale of its Off-Highway business.
For 2025, Dana projects sales of $9.525-10.025 billion, adjusted EBITDA of $925-1,025 million (approximately 10% margin), and free cash flow of $175-275 million. The company expects 2026 adjusted EBITDA margin between 9.5-10.5%, with free cash flow targeted at approximately 4% of sales.
Dana Incorporated (NYSE: DAN) has been awarded the prestigious 'Global Top Employer 2025' certification, with recognition across 25 countries and regional distinctions in Asia-Pacific, Europe, and North America. The award, presented by the Top Employers Institute, acknowledges Dana's excellence in human resources practices, including career development, work environment, learning, diversity and inclusion, well-being, and talent acquisition.
Nine new countries joined Dana's list of recognized operations this year. The company received Top Employer status in diverse locations spanning multiple continents, including major markets such as the United States, China, India, Germany, and the United Kingdom. Lisa Amend, Dana's Senior Vice President and Chief Human Resources Officer, emphasized that this recognition reflects the company's 120-year-old culture of supporting exceptional talent while powering vehicles and machines globally.
Dana Incorporated (NYSE: DAN) has announced a conference call and webcast scheduled for January 24, 2025, at 9 a.m. EST. During this event, Chairman and CEO R. Bruce McDonald and CFO Timothy Kraus will provide a business update and present the company's financial outlook for 2025.
Participants can join via telephone using toll-free (1-888-440-5873) or toll (1-646-960-0319) numbers with Conference ID 9943139. The presentation will include audio streaming and slides available through Dana's investor website, with a webcast replay accessible afterward.
Additionally, Dana will announce its 2024 fourth-quarter and full-year financial results in a separate conference call on February 20, 2025.
Dana Incorporated (NYSE: DAN) has unveiled its new AdvanTEK® 40 Pro axle system, an evolution of its 40,000-pound 6x4 tandem axle system. The system features the industry's fastest axle ratio at 2.05 for advanced engine downspeeding and includes 18 total axle ratios. Key improvements include a high-capacity bearing system, increased payload capacity, and enhanced inter-axle differential with advanced coatings for better lubrication retention.
The system offers driver-controlled differential locking and an optional lubrication pump for extreme conditions. It will be available in select OEM 2025 data books. Dana, which reported sales of $10.6 billion in 2023 and employs 42,000 people globally, designed this system to meet evolving fleet requirements with improved efficiency and enhanced productivity.
Dana Incorporated (NYSE: DAN) has announced the appointment of Nora LaFreniere to its board of directors, effective immediately. LaFreniere currently serves as Executive Vice President and General Counsel of Otis Worldwide , where she oversees global legal, compliance, business development, intellectual property, security, government relations, quality, and environmental, health, and safety functions. Dana's Chairman and CEO R. Bruce McDonald highlighted LaFreniere's extensive experience in industrial businesses, particularly in strategy formulation and complex M&A transactions, as valuable assets for Dana's transformation and value creation plans.
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