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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's Crescentino, Italy operations have achieved Partner-level status and entered the Supplier Hall of Fame in John Deere's Achieving Excellence Program for 2020, marking five consecutive years of excellence. This is the highest supplier rating from Deere & Company, highlighting Dana's commitment to quality and continuous improvement. The recognition was celebrated during virtual ceremonies in Mannheim, Germany. Dana, a supplier of various components to John Deere, reported $7.1 billion in sales in 2020 and focuses on sustainable practices.
Dana Incorporated (NYSE: DAN) has acquired Pi Innovo LLC, a specialist in embedded software and electronic control units for the automotive sector. This acquisition enhances Dana's in-house capabilities in electrification and electrodynamics. With over 25 years of experience, Pi Innovo provides strong modular software solutions that will support Dana's electric vehicle initiatives. This strategic move positions Dana to better serve the evolving needs of original equipment manufacturers in the vehicle electrification market.
Dana Incorporated (NYSE: DAN) has appointed Byron Foster as the senior vice president and chief commercial, marketing, and communications officer, effective immediately. With over two decades of experience in the mobility sector, Foster previously held senior roles at Johnson Controls and Adient. His responsibilities include leading Dana's commercial strategies globally and facilitating collaboration to enhance customer value. In 2020, Dana reported sales of $7.1 billion and has 38,000 employees across 33 countries.
Dana reported annual sales of $7.1 billion for 2020, down $1.5 billion from 2019, impacted by the global pandemic. The company recorded a net loss of $31 million and diluted EPS loss of $0.21. Despite challenges, Dana's adjusted EBITDA was $593 million with a margin of 8.3%. The company reinstated a quarterly dividend of $0.10 per share and extended its share repurchase program through 2023. Looking ahead, Dana targets 2021 sales between $8.05 and $8.55 billion, with adjusted EBITDA of $860 to $960 million.
Dana Incorporated (NYSE: DAN) will participate in the Wolfe Research Virtual Global Auto, Auto Tech, and Mobility Conference on February 24, 2021. The session starts at 1:55 p.m. EST, featuring Chairman and CEO James Kamsickas and CFO Jonathan Collins, who will provide an overview of the company and answer questions for approximately 35 minutes. Information on accessing the webcast will be available on Dana's Investor website before the event.
Dana is a leader in power-conveyance solutions and reported $8.6 billion in sales in 2019.
Dana Incorporated (NYSE: DAN) has launched a new drivetrain specifically designed for rough-terrain cranes with lift capacities between 83 to 110 tons. The Spicer® 246 heavy-duty steer axle and Spicer® C3300 remote torque converter enhance operational efficiency, productivity, and reduce operating costs. With ongoing demands from a recovering global construction market, Dana aims to meet the need for high-performance vehicles. The products are currently available for OEM testing and are adaptable for various applications, including airport ground support vehicles.
Dana Incorporated (NYSE: DAN) has appointed Chris Clark as senior vice president of global operations, effective immediately. Clark will lead global manufacturing across over 150 facilities, focusing on safety, customer satisfaction, and operational efficiency. He has extensive experience, previously serving as vice president of operations at Yanfeng Automotive Interiors and Faurecia. This appointment aims to enhance Dana's commitment to quality and efficiency in delivering solutions for light and commercial vehicles while supporting its long-standing manufacturing excellence.
Dana Incorporated (NYSE: DAN) announced an expanded family of TM4 SUMO HP electric motors and inverters, including HV1000 and HV2500, designed for battery-electric, range-extended, and fuel-cell vehicles. These products are set to improve performance in urban delivery, city buses, and long-haul trucks by offering significant power and efficiency benefits. With up to 800 volts DC, the series provides 430 kW of continuous power and is 30% lighter than competitors. Manufacturing is scheduled for the first half of 2021, targeting original-equipment manufacturers for testing.
Dana Incorporated (NYSE: DAN) will announce its 2020 fourth-quarter and year-end financial results on February 18, 2021. A press release will be issued at 7 a.m. EST, followed by a conference call at 9 a.m. EST, where senior management will discuss results and answer questions. Participants can access the call via the Dana investor website or by telephone. Dana is a leader in power-conveyance and energy-management solutions, reporting sales of $8.6 billion in 2019 and employing 36,000 associates in 34 countries.
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