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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 (NYSE: DAN) has been selected by Wacker Neuson Group to supply e-Propulsion systems for its compact construction vehicles in Europe, starting with the Kramer electric wheel loader 5065e. The multi-year program is set to commence production this year, featuring a comprehensive electrodynamic system that includes the Spicer Electrified™ eSG101 e-Transmission, dual Dana TM4™ SRI 200 motors, and a sophisticated APC 300 series controller. This partnership enhances Dana's role in expanding sustainable solutions in the construction sector and continues a collaboration with Wacker Neuson that spans over 20 years.
Dana Incorporated (NYSE: DAN) has announced a quarterly dividend of $0.10 per share, set to be paid on March 24, 2023, for stockholders on record as of March 3, 2023. This decision reflects the company's commitment to returning value to shareholders amidst its focus on sustainable progress and innovation in energy-management solutions. In 2021, Dana reported sales of $8.9 billion and has garnered recognition as one of "America's Most Responsible Companies 2023" by Newsweek. The company's operations span across 31 countries, with a workforce of approximately 40,000 employees.
Dana Incorporated (NYSE: DAN) announced the launch of a new hydrostatic driveline for telehandlers in North America, designed for lifting up to 12,000 pounds. This system features a modular architecture that allows for easy transition to hydrogen or battery-electric designs. Highlighted at the CONEXPO-CON/AGG 2023 tradeshow from March 14-18 in Las Vegas, the new driveline includes a Spicer® 312 dropbox for optimized performance, low-speed precision, and reduced fuel consumption. Dana aims to support the industry's shift to zero-emission vehicles, enabling flexibility for customers through a variety of driveline options.
Dana Incorporated (NYSE: DAN) is set to announce its 2022 fourth-quarter and full-year financial results on February 21, 2023. The press release will be issued at approximately 7 a.m. EST, followed by a conference call at 9 a.m. EST where the senior management team will discuss the results. Investors can access the call via the toll-free number 1 (888) 440-5873 or participate through the provided online streaming link. Dana, based in Maumee, Ohio, reported $8.9 billion in sales for 2021 and is recognized for its commitment to sustainability and responsible business practices.
Dana Incorporated (NYSE: DAN) announced a long-term supply agreement with Semikron Danfoss to secure silicon-carbide semiconductors for their inverter technologies. This partnership supports various mobility markets, including light-vehicle and commercial-vehicle sectors. The semiconductors will enhance system efficiency and power density, potentially increasing vehicle range. The agreement strengthens Dana's supply chain capabilities, meeting the growing customer demand for electrodynamic products. In 2021, Dana reported sales of $8.9 billion, emphasizing its commitment to sustainability and innovation.
Dana Incorporated (NYSE: DAN) will participate in the Gabelli Funds 46th Annual Auto Symposium on Oct. 31, 2022, at 11:30 a.m. PDT (8:30 a.m. EDT). The company's Chairman and CEO, James Kamsickas, will provide an overview and answer questions for about 30 minutes. Interested investors can access webcasts through Dana's Investor website prior to the event. Dana, based in Maumee, Ohio, reported $8.9 billion in sales in 2021 and is recognized for its commitment to sustainability.
Dana reported third-quarter 2022 sales of $2.54 billion, a $331 million increase year-over-year, driven by strong demand. However, the company faced a net loss of $88 million, influenced by non-cash goodwill impairment charges amid rising interest rates and inflation. Adjusted diluted EPS stood at $0.24 compared to $0.41 in 2021. The company generated $77 million in free cash flow, marking a significant improvement. Dana reaffirmed its full-year sales target of $10 to $10.2 billion and adjusted EBITDA guidance of $700 to $740 million.
Dana Incorporated (NYSE: DAN) announced a quarterly dividend of $0.10 per share, payable on December 2, 2022, to shareholders as of November 11, 2022. This decision comes as the company continues to demonstrate its commitment to shareholder returns while actively contributing to sustainable energy solutions.
With reported sales of $8.9 billion in 2021 and a workforce of 40,000 across 31 countries, Dana is recognized for its innovative contributions to the mobility market and was named one of "America's Most Responsible Companies 2022" by Newsweek.
Dana Incorporated (NYSE: DAN) showcased its suite of electrified solutions for the off-highway market at Bauma 2022, held from October 24-30 in Munich. The company highlighted advancements including Spicer e-Hub drives, electric driveline systems, and e-Motion solutions designed for construction equipment. Notable innovations include the new eSAW013 e-Hub drive delivering up to 13,000Nm of torque, enhancing productivity and efficiency by up to 30%. The exhibition reflects Dana's commitment to supporting sustainability objectives and providing comprehensive electric systems to meet growing market demands.
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