Dana Incorporated (DAN) Reports $600M Adjusted EBITDA and $7.5B Revenue, Exceeding Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: seekingalpha
- Strong Financial Performance: Dana Incorporated reported an adjusted EBITDA of approximately $600 million for FY 2023, representing 8% of sales, which underscores the company's robust profitability and boosts investor confidence.
- Revenue Beats Expectations: The company achieved revenue of $7.5 billion for FY 2023, exceeding market expectations by $80 million, indicating successful market demand and sales strategies that further solidify its market position.
- Forward-Looking Financial Targets: Dana's preliminary financial targets for 2026 set sales between $7.3 billion and $7.7 billion, with adjusted EBITDA projected at $750 million to $850 million, reflecting the company's confidence and strategic planning for future growth.
- Cash Flow Expectations: The anticipated adjusted free cash flow is projected to be between $250 million and $350 million, which will support the company's future investments and expansions, enhancing its financial flexibility.
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Analyst Views on DAN
Wall Street analysts forecast DAN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DAN is 26.60 USD with a low forecast of 24.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 29.000
Low
24.00
Averages
26.60
High
28.00
Current: 29.000
Low
24.00
Averages
26.60
High
28.00
About DAN
Dana Incorporated specializes in designing and manufacturing propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The Company is providing solutions for on-highway vehicles. The Company's technologies include drive systems (axles, driveshafts and transmissions); electrodynamic technologies (motors, inverters, software and control systems, battery-management systems, and fuel cell plates); sealing solutions (gaskets, seals, cam covers, and oil pan modules); thermal-management technologies (transmission and engine oil cooling, battery and electronics cooling, charge air cooling, and thermal-acoustical protective shielding), and digital solutions (active and passive system controls and descriptive and predictive analytics). The Company serves its global light vehicle and medium/heavy vehicle markets through two business units: Light Vehicle Systems and Commercial Vehicle Systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Dana Incorporated Completes $2.7 Billion Business Sale, Raises 2026 EBITDA Target to 10%-11%
- Successful Business Sale: Dana Incorporated completed the sale of its Off-Highway business for $2.7 billion, resulting in net proceeds of $2.4 billion, which enhances financial flexibility amid tariff challenges and reflects strong strategic execution.
- EBITDA Target Increase: Management raised the 2026 EBITDA target range to 10%-11%, up from the previous 10%-10.5%, indicating confidence in future profitability and potential shareholder returns.
- Cost Reduction Plan: Dana increased its cost reduction target for 2026 to $325 million, exceeding the prior target of $310 million, demonstrating ongoing efforts to optimize operational efficiency and improve margins.
- Stable Market Outlook: While 2026 sales are expected to be flat at around $7.5 billion, the company's robust $750 million backlog and focus on the North American market suggest future growth potential, particularly in the aftermarket segment.
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Dana Inc (DAN) Exceeds FY25 Expectations, Shares Surge Over 10%
- Strong Performance: Dana's preliminary FY25 sales reached $7.5 billion, exceeding the expected range of $7.3 billion to $7.5 billion, with adjusted operating income of $600 million, showcasing significant financial flexibility during its transformation.
- Share Price Surge: Following robust performance, Dana's shares surged over 10%, reflecting market optimism regarding the company's future growth potential, particularly after the sale of its Off-Highway business.
- Cost-Saving Initiatives: Dana anticipates completing its $325 million cost-reduction program in 2026 while continuing a $1 billion capital return plan, which will further enhance profitability and competitive positioning.
- Long-Term Growth Outlook: The company expects 2026 sales between $7.3 billion and $7.7 billion, surpassing the street consensus of $7.63 billion, with an anticipated $200 million in incremental new business growth from next-generation platforms, indicating sustainable long-term value creation potential.
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