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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 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.
Dana Incorporated (NYSE: DAN) has launched the Spicer® HVT1 transmission, designed for improving the performance and sustainability of agriculture telehandlers. This advanced powersplit transmission offers fuel savings of up to 30% compared to conventional systems, supporting power inputs from 110 to 155 horsepower. Currently in field tests, the HVT1 promises enhanced productivity, control, and operator comfort. Its unique design enables efficient operation across various duty cycles, reducing total owning and operating costs while promoting sustainability through lower greenhouse gas emissions.
Dana Incorporated (NYSE: DAN) has announced it will accelerate its efforts to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by at least 50% by 2030, advancing its original 2035 target. This initiative will decrease over 300,000 metric tons of carbon dioxide emissions annually. The company signed a commitment letter with the Science Based Target initiative (SBTi) to establish future emissions targets. Dana attributes this acceleration to advancements in technology and operational efficiencies, positioning itself as a leader in sustainability within the mobility industry.
Dana Incorporated (NYSE: DAN) announced a leadership transition in its Light Vehicle Drive Systems division, effective July 9. Byron Foster, previously Dana's senior vice president and chief commercial officer, will replace Bob Pyle, who is leaving to become a CEO outside the mobility sector. Foster’s extensive experience in senior executive roles at Johnson Controls and Adient is expected to enhance Dana's customer-focused approach. The company reported $7.1 billion in sales for 2020, emphasizing sustainability and employee recognition.
Dana Incorporated (NYSE: DAN) has been recognized as a 2020 Supplier of the Year by General Motors for its driveline technologies and sealing solutions. This marks the fourth consecutive year Dana has received this award, chosen by a GM global team based on stringent performance criteria across various sectors. In 2020, Dana reported sales of $7.1 billion and has maintained a long-standing partnership with GM since 1904. The recognition underscores Dana's commitment to innovation and sustainable practices in the automotive industry.
Dana announced its participation in the virtual Deutsche Bank Global Auto Industry Conference on June 16, 2021, at 2:15 p.m. EDT. James Kamsickas, Chairman and CEO, along with Jonathan Collins, CFO, will present an overview of the company and answer questions for 35 minutes. Investors can access the webcast details on Dana's Investor website. The company, headquartered in Maumee, Ohio, reported sales of $7.1 billion in 2020.
Dana Incorporated (NYSE: DAN) will participate in the KeyBanc Industrials & Basic Materials Virtual Conference on June 1, 2021, starting at 10:40 a.m. EDT. Jonathan Collins, the Executive Vice President and Chief Financial Officer, will present an overview of the company and engage in a Q&A session lasting about 30 minutes. Investors can access the webcast details on Dana's investor website.
In 2020, Dana reported sales of $7.1 billion and has a workforce of 38,000 across 33 countries.
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