DAN News & Events

Dana (DAN) announced a new business award with Stellantis (STLA) for the Ram Dakota program, expanding the company's presence in the compact truck market. The award includes the supply of front drive units and rear axles for an all-new vehicle platform, with production expected to begin in early 2028. This win increases Dana's three-year net new sales backlog to approximately $950M, reinforcing continued momentum in high-quality new business.

Backs FY26 revenue view $7.3B-$7.77B, consensus $7.59B. Backs FY26 adjusted EBITDA view $750M-$850M. Backs FY26 adjusted free cash flow view $250M-$350M. "Dana 2030 establishes ambitious long-term targets, and our near-term focus is on translating that vision into sustained execution and performance improvement," said Byron Foster, incoming Chief Executive Officer of Dana Incorporated. "The pace of recent new business wins demonstrates the strength of our product portfolio and reinforces Dana's long-term growth trajectory. As macro and market conditions begin to improve, we are unlocking incremental operating leverage. At the same time our teams are executing with discipline, improving efficiency, and positioning Dana to deliver increased performance throughout the year."

Reports Q1 adjusted EBITDA $171M. "Dana's long-term strategy is clear and built on actions fully within our control - improving our cost structure and executing with discipline" said R. Bruce McDonald, Chairman and Chief Executive Officer. "Our first-quarter results demonstrate our progress with meaningful margin expansion and continued momentum in new business wins. The Dana 2030 plan outlines a clear path to higher sales, structurally higher margins and increased adjusted free cash flow generation. With a best in sector balance sheet, we have continued to generate meaningful value to our shareholders through a continued commitment to disciplined capital allocation."