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Dana Incorporated to Participate in the Deutsche Bank Global Auto Industry Conference
Prnewswire· 2025-06-06 14:00
MAUMEE, Ohio, June 6, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the Deutsche Bank Global Auto Industry Conference on June 12. Beginning at 12:55 p.m. EDT, Dana's Senior Vice President and Chief Financial Officer Timothy Kraus will host a fireside chat for approximately 35 minutes.Information on accessing the webcast will be posted to Dana's Investor website, www.dana.com/investors, before the event.About Dana IncorporatedDana is a leader in the design and manu ...
Dana (DAN) 2025 Conference Transcript
2025-06-04 16:20
Dana (DAN) 2025 Conference June 04, 2025 11:20 AM ET Speaker0 We're gonna start with the next session. Very pleased to have with us Dana. With from Dana, we have Bruce McDonald, CEO and Tim Krause, CFO. Thanks, gentlemen, for joining us Speaker1 Thanks, Joe. Speaker0 This this morning. Really appreciate having you here. I guess, maybe just to start, and I think the question on sort of a lot of investors' minds is a status of you've announced the sale or proposed or evaluation of the sale of the Off Highway ...
Dana Incorporated to Participate in the UBS Auto and Auto Tech Conference
Prnewswire· 2025-06-02 15:41
MAUMEE, Ohio, June 2, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today it will participate in the UBS Auto and Auto Tech Conference on June 4.  Beginning at 11:20 a.m. EDT, Dana's Chairman and Chief Executive Officer R. Bruce McDonald and Senior Vice President and Chief Financial Officer Timothy Kraus will host a fireside chat for approximately 40 minutes.Information on accessing the webcast will be posted to Dana's Investor website, www.dana.com/investors, before the event.About Dana Inco ...
Disney's Dana Walden talks service bundling, linear TV and streaming strategy
CNBC· 2025-05-13 22:46
Dana Walden, co-chair of Disney Entertainment, laid out the media company's business strategy in a Tuesday interview with CNBC's Jim Cramer. She highlighted how Disney bundles streaming services in connection with leveraging its linear television arm."We look at our linear channels, our core linear channels — FX, Disney Channel, Nat Geo and ABC — and we look at it as an opportunity to program for audiences that are still watching on linear," she said. "And then that same content is windowed onto streaming, ...
Dana(DAN) - 2025 Q1 - Quarterly Report
2025-04-30 16:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: March 31, 2025 OR Dana Incorporated (Exact name of registrant as specified in its charter) | Delaware | 26-1531856 | | --- | --- | | (State of incorporation) | (IRS Employer Identification Number) | | 3939 Technology Drive, Maumee, OH | 43537 | | (Address of principal executive of ices) | (Z ...
Dana(DAN) - 2025 Q1 - Earnings Call Transcript
2025-04-30 14:02
Dana (DAN) Q1 2025 Earnings Call April 30, 2025 09:00 AM ET Company Participants Craig Barber - Senior Director - Investor Relations & Corporate CommunicationsBruce McDonald - Chairman & CEOTimothy Kraus - Senior VP & CFOJoseph Spak - Managing Director Conference Call Participants Edison Yu - AnalystColin Langan - Automotive & Mobility AnalystJames Picariello - Director & Sr. Automotive AnalystRyan Brinkman - Equity Research AnalystDan Levy - Senior Equity Research AnalystEmmanuel Rosner - Managing Director ...
Dana (DAN) Lags Q1 Earnings Estimates
ZACKS· 2025-04-30 13:10
Dana (DAN) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -23.53%. A quarter ago, it was expected that this automotive equipment supplier would post earnings of $0.10 per share when it actually produced earnings of $0.25, delivering a surprise of 150%.Over the last four quarters, the ...
Dana(DAN) - 2025 Q1 - Earnings Call Transcript
2025-04-30 13:00
Dana (DAN) Q1 2025 Earnings Call April 30, 2025 09:00 AM ET Speaker0 Good morning and welcome to Dana Incorporated First Quarter twenty twenty five Financial Webcast and Conference Call. My name is Regina and I will be your conference facilitator. Please be advised that our meeting today both the speakers' remarks and Q and A session will be recorded for replay purposes. For those participants who would like to access the call from the webcast please reference the URL on our website and sign in as a guest. ...
Dana(DAN) - 2025 Q1 - Earnings Call Presentation
2025-04-30 11:36
2025 First-Quarter Earnings Conference Call April 30, 2025 Value Others | Inspire Innovation | Grow Responsibly | Win Together Safe Harbor Statement Certain statements and projections contained in this presentation are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made b ...
Dana(DAN) - 2025 Q1 - Quarterly Results
2025-04-30 11:00
Financial Performance - Sales for the first quarter of 2025 totaled $2.35 billion, a decrease from $2.74 billion in the same period of 2024[3] - Net income attributable to Dana was $25 million, or $0.17 per share, compared to $3 million, or $0.02 per share in Q1 2024, representing a net income margin of 1 percent[4] - Adjusted net income for Q1 2025 was $19 million, or $0.13 per share, down from $37 million, or $0.26 per share in Q1 2024[6] - Adjusted EBITDA for Q1 2025 was $188 million, or 8 percent of sales, compared to $223 million, or 8.2 percent of sales in Q1 2024[6] - Net sales for Q1 2025 were $2.352 billion, a decrease from $2.735 billion in Q1 2024, representing a decline of approximately 14%[24] - Net income for Q1 2025 was $30 million, compared to a net loss of $14 million in Q1 2024, indicating a significant turnaround[25] - Comprehensive income attributable to the parent company was $57 million in Q1 2025, a recovery from a comprehensive loss of $14 million in Q1 2024[25] - Adjusted EBITDA for the three months ended March 31, 2025, was $88 million, compared to $223 million for the same period in 2024, indicating a significant decline[30] - Net income attributable to the parent company for Q1 2025 was $25 million, down from $3 million in Q1 2024[31] - Adjusted net income attributable to the parent company decreased to $19 million in Q1 2025 from $37 million in Q1 2024[31] - Diluted adjusted EPS for Q1 2025 was $0.13, compared to $0.26 in Q1 2024, reflecting a 50% decrease[31] Cash Flow and Liquidity - Operating cash flow in Q1 2025 was a use of $37 million, improved from a use of $102 million in Q1 2024[7] - Adjusted free cash flow was a use of $101 million in Q1 2025, compared to a use of $168 million in Q1 2024[7] - Cash used in operating activities was $37 million for the three months ended March 31, 2025, compared to $102 million in the same period in 2024, showing improved cash flow management[27] - The net cash provided by financing activities was $951 million, indicating strong liquidity support[27] - The net decrease in cash, cash equivalents, and restricted cash was $164 million, highlighting cash management challenges[27] - Cash and cash equivalents increased to $507 million in Q1 2025, up from $494 million at the end of 2024, showing a growth of about 2.6%[26] - Cash and cash equivalents at the end of the period were $523 million, compared to $387 million in the previous period, indicating a significant increase[18] - Net cash used in operating activities was $(37) million for the three months ended March 31, 2025, compared to $(102) million in the same period of 2024[28] - Adjusted free cash flow for Q1 2025 was $(101) million, compared to $(168) million in Q1 2024[79] Cost Management and Savings - The company is targeting $225 million in cost savings for 2025 as part of its accelerated cost-savings plan[9] - Dana is accelerating its cost-savings plan, increasing the target from $175 million to $225 million for 2025[40][44] Sales and Market Performance - The company expects slight sales increases due to tariff recoveries and currency translation offsetting weaker end-market demand[8] - Light Vehicle Systems sales decreased by $151 million year-over-year, while Commercial Vehicle Systems sales decreased by $63 million[68] - Sales of light vehicles were $1,180 million, down from $1,324 million year-over-year, indicating a decrease in this segment[29] - Sales of commercial vehicles were $568 million, compared to $653 million in the previous year, also reflecting a decline[29] - Off-Highway segment sales decreased to $604 million in Q1 2025, a decline of 20% compared to $758 million in Q1 2024[77] Assets and Liabilities - Total assets increased to $7.800 billion as of March 31, 2025, up from $7.485 billion at the end of 2024, reflecting a growth of about 4.2%[26] - Current liabilities rose to $2.828 billion in Q1 2025, compared to $2.561 billion in Q4 2024, marking an increase of approximately 10.4%[26] - Long-term debt increased to $2.428 billion in Q1 2025, compared to $2.389 billion in Q4 2024, reflecting a rise of about 1.6%[26] - The company reported a total current assets of $4.031 billion in Q1 2025, an increase from $3.703 billion in Q4 2024, representing a growth of approximately 8.8%[26] Strategic Initiatives - The company is focusing on market expansion and new product development to drive future growth[29] - The outlook for the upcoming quarters includes strategic initiatives aimed at improving operational efficiency and enhancing product offerings[29] - Dana is in the process of selling its non-core European Off-Highway hydraulics business, which is currently classified as held for sale[5] Expenses and Charges - Strategic transaction expenses increased to $15 million in Q1 2025 from $2 million in Q1 2024, highlighting increased costs associated with new initiatives[31] - Restructuring charges remained consistent at $5 million for both Q1 2025 and Q1 2024, indicating ongoing restructuring efforts[31] - Depreciation expenses amounted to $961 million, while amortization expenses were $55 million, reflecting ongoing investment in assets[27] - The company reported stock compensation expenses of $136 million, which may impact future earnings[27] - Interest expense remained stable at $39 million for both Q1 2025 and Q1 2024[78]