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Dana Incorporated - DAN STOCK NEWS

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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

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Dana Incorporated (NYSE: DAN) has been recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere, showcasing its commitment to ethical business practices. Dana is among the eight honorees in the mobility industry, emphasizing its dedication to excellence and responsible conduct.
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Dana Incorporated (NYSE: DAN) has announced the sale of its European hydraulics business to HPI Group, expected to be completed in the first half of 2024. The transaction includes operations in Italy, France, and Germany, generating around $90 million in sales in 2023. Dana will continue to receive components through a supply agreement with the new entity, focusing on industrial system sales.
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Dana Incorporated (NYSE: DAN) reported strong financial results for full-year 2023, with sales reaching $10.6 billion, an increase of 4% over the previous year. The company achieved a net income of $38 million, compared to a net loss of $242 million in 2022. Adjusted EBITDA rose to $845 million, a $145 million increase over last year, with an 8% margin improvement. Operating cash flow reached $476 million, and the three-year new business sales backlog grew to $950 million. Dana projects a 3% sales increase, 10% adjusted EBITDA increase, and $75 million free cash flow increase for 2024.
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Dana Incorporated (NYSE: DAN) declares a quarterly dividend of $0.10 per share, payable on March 22, 2024, to shareholders as of March 1, 2024.
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Dana Incorporated (NYSE: DAN) will release its 2023 fourth-quarter and full-year financial results on Tuesday, Feb. 20, 2024. The press release will be issued at approximately 7 a.m. EST, followed by a conference call and webcast at 10 a.m. EST. Members of the company's senior management team will discuss the results and answer related questions. The conference call can be accessed by telephone from both domestic and international locations. Audio streaming and slides will be available online via a link provided on the Dana investor website. A webcast replay can be accessed via Dana's investor website following the call.
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Dana Incorporated (NYSE: DAN) has been recognized as a 'Top Employer 2024' in 16 countries, including Europe and North America, for its high performance in employee development, well-being, talent acquisition, and engagement. Operations in Brazil, Canada, Mexico, and Spain earned this honor for the first time, joining other countries accounting for over 90% of the company's sales and employees.
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Dana Incorporated (NYSE: DAN) introduces Brevini EvoMax™ gearboxes for industrial bulk management applications, offering high torque performance, modularity, and global support.
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Dana Incorporated (DAN) to participate in BofA Securities Leveraged Finance Conference and Barclays Global Automotive and Mobility Tech Conference
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Dana Incorporated (NYSE: DAN) announced that its advanced drive technologies are used on two winners in the 'Tractor of the Year 2024' awards competition. The Fendt e 107 V Vario won in the 'Sustainable Tractor of the Year' category, featuring Dana's high-performance Spicer® suspended steer axle, while the McCormick X5.120 P3-Drive won the 'Best Utility' award, using Dana's high-precision shifting solutions. Dana's technologies are featured on seven of this year's 12 finalists, showcasing the company's support for vehicle designs that offer improved sustainability and superior productivity for agriculture equipment.
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Dana Incorporated (NYSE: DAN) has announced the launch of a comprehensive vehicle design methodology for delivering integrated suspension solutions for high-performance agriculture tractors. The initiative uses a multiphysics approach to produce virtual prototypes, reducing development times and accelerating the introduction of new vehicles to market. Additionally, Dana has unveiled a new solution for electric zero-turn mowers featuring high-efficiency Spicer Torque-Hub™ drives and Dana TM4™ motors, supporting zero-emissions operation through powerful torque, extended work times, reduced maintenance, and lower noise. Dana is exhibiting its full range of systems for agriculture and turf management equipment at Agritechnica.
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FAQ

What is the current stock price of Dana Incorporated (DAN)?

The current stock price of Dana Incorporated (DAN) is $7.99 as of November 18, 2024.

What is the market cap of Dana Incorporated (DAN)?

The market cap of Dana Incorporated (DAN) is approximately 1.2B.

Dana Incorporated

NYSE:DAN

DAN Rankings

DAN Stock Data

1.16B
144.98M
0.93%
102.7%
3.28%
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