Welcome to our dedicated page for Dana Incorporated news (Ticker: DAN), a resource for investors and traders seeking the latest updates and insights on Dana Incorporated stock.
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) unveiled its Spicer Electrified eSP502 e-Transmission, aimed at enhancing vehicle electrification in construction, mining, material handling, and forestry sectors. This platform supports both dual and single motor configurations, providing up to 326 horsepower in the dual-motor version. Featuring a compact and modular design, it allows for easy adaptation to various vehicle applications. Dana's e-Transmission is currently available for order and is being showcased at Bauma from October 24-30, 2022.
Dana Incorporated (NYSE: DAN) will release its 2022 third-quarter financial results on Thursday, Oct. 27, 2022. A press release will be issued at 7 a.m. EDT, followed by a conference call at 9 a.m. EDT. The call will involve the senior management team discussing the results and answering questions. Dana reported $8.9 billion in sales for 2021, employing 40,000 people across 31 countries. The company emphasizes sustainability and has been recognized by Newsweek as one of "America's Most Responsible Companies 2022".
Dana Incorporated (NYSE: DAN) announced the launch of the Brevini EvoMax™ series of gearboxes for marine and offshore applications, introducing five new sizes and 14 redesigned models aimed at enhancing torque, efficiency, and service longevity. The gearboxes emphasize product flexibility and sustainability, addressing the rising demand for global shipping. They feature innovations such as lightweight housing, tailored gearing for smooth operation, and improved materials for low-temperature functionality. These gearboxes will be showcased at SMM 2022 from Sept. 6-9.
Dana Incorporated (NYSE: DAN) announced its participation in the J.P. Morgan Auto Conference on August 10, 2022. The company's Chairman and CEO, James Kamsickas, along with CFO, Timothy Kraus, will present starting at 12:45 p.m. EDT, discussing key company insights for approximately 35 minutes. Interested investors can find details for accessing the webcast on Dana's Investor website. Dana reported sales of $8.9 billion in 2021 and is recognized for its sustainability efforts.
Dana reported Q2 2022 sales of $2.59 billion, up $381 million from Q2 2021, driven by strong customer demand. Net income was $8 million, with diluted EPS at $0.06. Adjusted EBITDA decreased to $162 million from $233 million a year earlier, impacted by inflation and supply-chain issues. Free cash flow reached $167 million, a significant improvement of $180 million. The company targets 2022 sales between $10 billion to $10.2 billion and adjusted EBITDA of $700 million to $740 million.
Dana Incorporated (NYSE: DAN) has declared a quarterly dividend of $0.10 per share, payable on September 2, 2022. Stockholders as of August 12 will be eligible for this dividend. Dana, a leader in propulsion and energy-management solutions, reported sales of $8.9 billion in 2021. With a strong focus on sustainability and social responsibility, Dana was recognized as one of "America's Most Responsible Companies 2022" by Newsweek. The company employs 40,000 people across 31 countries, underscoring its global presence and strategic growth.
Dana Incorporated (NYSE: DAN) will disclose its 2022 second-quarter financial results on August 3, 2022. The press release will be issued at 7 a.m. EDT, followed by a conference call at 10 a.m. EDT where senior management will discuss the results. Dana, based in Maumee, Ohio, reported sales of $8.9 billion in 2021 and employs 40,000 people across 31 countries. The company focuses on energy-management solutions that enhance vehicle performance and sustainability.
Dana Incorporated (NYSE: DAN) has been awarded a $2.7 million (£2 million) grant from the Advanced Propulsion Centre for the development of an e-Powertrain for OX Delivers, the first flat-pack utility vehicle targeting Africa's emerging markets. The grant will aid in industrializing electrified powertrain technologies, aligning with Dana's vision for a zero-emissions future. The OX Delivers truck, equipped with Dana's Spicer Electrified™ eS4500i e-Drive Unit, is designed for challenging terrains and will be assembled in the destination country.
Dana Incorporated (NYSE: DAN) will participate in the Deutsche Bank Global Auto Industry Conference on June 15, 2022, starting at 8 a.m. EDT. The company's Chairman and CEO, James Kamsickas, alongside CFO Timothy Kraus, will provide an overview of Dana and conduct a Q&A session for approximately 35 minutes. Interested parties can access the webcast via Dana's Investor website, www.dana.com/investors. Dana is known for its energy-management solutions and reported $8.9 billion in sales for 2021.
FAQ
What is the current stock price of Dana Incorporated (DAN)?
What is the market cap of Dana Incorporated (DAN)?
