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Dana Incorporated (NYSE: DAN) is a global leader in the design and manufacture of highly efficient propulsion and energy-management solutions for vehicles and machines in all mobility markets worldwide. Based in Maumee, Ohio, Dana operates across four primary segments: Light Vehicles, Power Technologies, Commercial Vehicle, and Off-Highway. The Light Vehicles segment, catering to light trucks, SUVs, CUVs, vans, and passenger cars, generates the majority of the company's revenue.
Founded in 1904 by pioneers such as Clarence Spicer, Joseph Victor, Hugo Reinz, J.B. Long, and Charles Dana, the company has a rich legacy of innovation and risk-taking that continues to drive its mission today. Dana's diverse range of products includes drive and motion systems, electrodynamic technologies, software and controls, and thermal, sealing, and digital solutions. These offerings support nearly every vehicle manufacturer, making Dana a critical player in both conventional and clean-energy solutions.
In 2022, Dana reported sales of $10.2 billion and employed 42,000 people across 31 countries on six continents. The company continues to gain recognition for its ethical practices and responsibility, being named among the
Dana Incorporated (NYSE: DAN) announced enhancements to its Brevini™ helical and bevel helical gearboxes, aimed at mining and bulk material handling applications. The upgraded gearboxes, available in early 2022, feature three new monoblock models tailored to torque demands and series-wide design improvements for better power density. With output torques reaching 1,000 kNm, these gearboxes are designed for efficiency, reduced weight, and minimal lubrication. Dana supports industrial mining with 27 global service centers, ensuring customized solutions to enhance productivity and operational efficiency.
Dana Incorporated (NYSE: DAN) unveiled the Spicer Electrified™ e-Powershift transmission at MINExpo 2021, a modular two-speed solution tailored for electrified heavy-duty mining vehicles. This transmission boasts power outputs of 322 horsepower (dual-motor) and 161 horsepower (single-motor), designed to enhance mining operations' transition to electrification. Prototype testing for OEMs is slated for year-end. The e-Powershift integrates high-voltage motors and an efficient shifting system, aimed at improving performance and reducing maintenance costs in severe mining environments.
Dana Incorporated (NYSE: DAN) will participate in the 2021 RBC Capital Markets Global Industrials Virtual Conference on Sept. 9, 2021, at 8:40 a.m. EDT. CEO Jim Kamsickas and CFO Jonathan Collins will provide an overview and answer questions for approximately 30 minutes. Details for accessing the webcasts will be available on Dana's Investor website before the event. In 2020, Dana reported sales of $7.1 billion and operates in 33 countries worldwide, focusing on sustainable mobility solutions.
Dana Incorporated (NYSE: DAN) announced the initiation of eS9000r e-Axle production to support Freightliner Custom Chassis Corporation's all-electric MT50e delivery vehicle. This e-Axle features a fully integrated design, delivering up to 240 kW of power and enabling a driving range of 170 miles. The system can achieve full charge in about three hours with DC fast charging. Dana is showcasing its solutions at the ACT Expo in Long Beach, California, emphasizing its commitment to sustainable mobility.
Dana Incorporated (NYSE: DAN) announced an expansion of its Spicer Electrified™ e-Powertrain with new e-Axle offerings for Class 7 and 8 vehicles. The Zero-8 e-Axles enhance existing heavy-duty EV solutions, featuring robust technology tailored for demanding applications. The configurations support gross axle weight ratings up to 52,000 pounds, with modular designs for easier servicing. Currently undergoing global testing, these solutions are set for commercial launch in late 2023, meeting growing demands for electrified vehicle platforms.
Dana Incorporated (NYSE: DAN) will participate in the virtual J.P. Morgan Auto Conference on Aug. 11, 2021, at 1:30 p.m. EDT. Jonathan Collins, the company’s Vice President and CFO, will provide an overview of Dana and host a Q&A session lasting approximately 30 minutes. Interested parties can access information on the webcast through Dana's investor website prior to the event.
Based in Maumee, Ohio, Dana reported sales of $7.1 billion in 2020, employing 38,000 people across 33 countries. The company focuses on sustainable and efficient propulsion solutions for the mobility market.
Dana reported sales of $2.21 billion for Q2 2021, a remarkable increase from $1.08 billion in Q2 2020, driven by strong demand. The net income attributable to Dana reached $53 million, a $227 million improvement year-over-year. Diluted EPS rose to $0.36, up by $1.56, with an adjusted EBITDA of $233 million, marking a substantial recovery from a loss last year. Operating cash flow also improved significantly, totaling $67 million. Dana maintains its full-year guidance, expecting sales at the higher end of the range due to robust market demand.
Dana Incorporated (NYSE: DAN) has announced a strategic agreement with Switch Mobility Ltd. to invest in electrified commercial vehicles. Dana will supply electric drivetrain components, including e-Axles, gearboxes, and software, for Switch's EV offerings. The partnership aims to enhance both companies’ positions in the growing market for sustainable urban mobility. Dana reported $7.1 billion in sales for 2020 and is recognized for its sustainability efforts, making this collaboration significant for its future growth.
Dana Incorporated (NYSE: DAN) has declared a quarterly dividend of $0.10 per share, scheduled for payment on Sept. 3, 2021, to shareholders on record by Aug. 13, 2021.
In 2020, the company reported impressive sales of $7.1 billion and employs 38,000 associates across 33 countries. Dana is recognized for its commitment to sustainability, having been named one of 'America's Most Responsible Companies 2021' by Newsweek.
Dana Incorporated (NYSE: DAN) is set to release its 2021 second-quarter financial results on July 30, 2021. The announcement will occur at approximately 7 a.m. EDT, followed by a conference call and webcast at 9 a.m. EDT. This session will include senior management discussing the results and answering questions. Dana, based in Maumee, Ohio, reported $7.1 billion in sales for 2020, emphasizing its role in mobility markets and recognition for corporate responsibility.
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