Dana's FY24 Preliminary Results Highlight Increased Margins Amid EV Demand Slowdown; Stock Jumps
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 24 2025
0mins
Source: Benzinga
FY24 Preliminary Results: Dana Incorporated reported sales of approximately $10.3 billion for FY24, slightly above consensus expectations, but down from the previous year due to weaker demand in key sectors. Adjusted EBITDA increased to about $885 million, and the company announced a cost reduction target of $300 million through 2026.
FY25 Outlook and Business Restructuring: For FY25, Dana expects sales between $9.525 billion and $10.025 billion, with an adjusted EBITDA forecast of $925 million to $1.025 billion. The company plans to restructure its business segments and is considering selling its Off-Highway segment, which will be classified as discontinued operations once a deal is reached.
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Analyst Views on DAN
Wall Street analysts forecast DAN stock price to fall
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 33.400
Low
24.00
Averages
26.60
High
28.00
Current: 33.400
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.
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- Executive Appointment: Dana Incorporated has appointed Byron Foster as CEO effective July 1, 2026, while current chairman and CEO R. Bruce McDonald will remain as chairman of the board, ensuring continuity and stability in corporate governance.
- Business Background: Foster currently serves as senior vice president and president of Dana's Light Vehicle Systems, its largest business unit, and his extensive experience is expected to drive further development and innovation within this division.
- Market Outlook: In a recent earnings call, Dana discussed its market outlook and backlog, indicating a positive sentiment towards future growth, particularly through strategic initiatives in business divestment and margin expansion.
- Shareholder Confidence: The appointment of the new CEO is seen as a move to bolster shareholder confidence, with Foster's leadership skills and industry experience likely to enhance Dana's competitiveness in the market and drive sustainable long-term growth.
See More
Dana Appoints New CEO Byron Foster Effective July 2026
- Executive Appointment: Dana Incorporated has announced the appointment of Byron Foster as CEO, effective July 1, 2026, providing a structured transition period that ensures a smooth leadership handover for the company.
- Leadership Experience: Currently serving as Senior Vice President of Light Vehicle Systems, Foster has a proven track record of driving sales growth and profit margin improvement since joining Dana in 2021, backed by executive roles at Johnson Controls and Adient plc.
- Board Support: R. Bruce McDonald, the current Chairman and CEO, emphasized Foster's pivotal role in Dana's transformation and expressed confidence in his ability to lead the company into its next growth chapter, highlighting the board's trust in the new leadership.
- Company Vision: Foster expressed his commitment to building on Dana's strong engineering legacy and delivering value to customers, indicating the company's potential for long-term success in the global light and commercial vehicle markets.
See More
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- Yield Context: The forward yield of 1.5% reflects the company's stability and attractiveness in the current market environment, helping to attract more long-term investors looking for reliable income.
- Payment Details: The dividend is payable on March 20, with a record date of February 27 and an ex-dividend date also on February 27, ensuring shareholders receive timely returns and reinforcing shareholder loyalty.
- Market Outlook: Dana expresses optimism about its market outlook, anticipating continued financial performance enhancement through business divestitures and margin expansion, which strengthens its competitive position among mid-cap stocks.
See More
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- Share Repurchase Program Expansion: The board has extended the share repurchase program from $1 billion to a total of $2 billion by 2030, including $750 million already returned, demonstrating the company's strong belief in its own value.
- Financial Strength: CFO Timothy Kraus stated that the increase in dividends and the expansion of the repurchase program underscore Dana's confidence in its long-term financial strength and strategy, aimed at delivering enhanced returns to shareholders.
- Market Leadership: Dana is a leader in designing and manufacturing efficient propulsion and energy management solutions, with projected sales of $7.5 billion in 2025 and a workforce of 28,000 across 24 countries, further solidifying its leadership position in various mobility markets.
See More
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- Participation Details: The conference call can be accessed via domestic and international dial-in numbers, with Conference ID 9943139; the toll-free number for domestic participants is 1 (888) 440-5873, and the international dial-in number is 1 (646) 960-0319, ensuring easy access for investors.
- Online Access: Audio streaming and slides will be available on Dana's investor website, allowing investors to listen to the conference in real-time, thereby enhancing information transparency and engagement.
- Company Overview: Dana Incorporated is a leader in designing and manufacturing efficient propulsion and energy-management solutions, with projected sales of $7.5 billion in 2025 and a workforce of 28,000 across 24 countries, showcasing its significant market presence and commitment to sustainable progress.
See More
Dana Incorporated to Release 2025 Financial Results
- Earnings Release Schedule: Dana Incorporated is set to announce its fourth-quarter and full-year financial results for 2025 on February 18, 2026, with a press release at 7 a.m. EST followed by a conference call at 9 a.m. EST to discuss the results and answer questions.
- Conference Call Access: Participants can join the call using the provided dial-in information, with a toll-free number for domestic calls at 1 (888) 440-5873 and an international dial-in number at 1 (646) 960-0319, ensuring easy access for investors.
- Online Audio Streaming: During the call, Dana will offer audio streaming and slides via its investor website, enhancing investor engagement and ensuring transparency of information shared during the discussion.
- Company Overview: Dana reported preliminary sales of $7.5 billion in 2025, employing 28,000 people across 24 countries, highlighting its leadership in providing propulsion and energy management solutions globally.
See More
Dana Incorporated Appoints New CEO Byron Foster Effective July 2026
- Executive Appointment: Dana Incorporated has appointed Byron Foster as CEO effective July 1, 2026, while current chairman and CEO R. Bruce McDonald will remain as chairman of the board, ensuring continuity and stability in corporate governance.
- Business Background: Foster currently serves as senior vice president and president of Dana's Light Vehicle Systems, its largest business unit, and his extensive experience is expected to drive further development and innovation within this division.
- Market Outlook: In a recent earnings call, Dana discussed its market outlook and backlog, indicating a positive sentiment towards future growth, particularly through strategic initiatives in business divestment and margin expansion.
- Shareholder Confidence: The appointment of the new CEO is seen as a move to bolster shareholder confidence, with Foster's leadership skills and industry experience likely to enhance Dana's competitiveness in the market and drive sustainable long-term growth.
See More
Dana Appoints New CEO Byron Foster Effective July 2026
- Executive Appointment: Dana Incorporated has announced the appointment of Byron Foster as CEO, effective July 1, 2026, providing a structured transition period that ensures a smooth leadership handover for the company.
- Leadership Experience: Currently serving as Senior Vice President of Light Vehicle Systems, Foster has a proven track record of driving sales growth and profit margin improvement since joining Dana in 2021, backed by executive roles at Johnson Controls and Adient plc.
- Board Support: R. Bruce McDonald, the current Chairman and CEO, emphasized Foster's pivotal role in Dana's transformation and expressed confidence in his ability to lead the company into its next growth chapter, highlighting the board's trust in the new leadership.
- Company Vision: Foster expressed his commitment to building on Dana's strong engineering legacy and delivering value to customers, indicating the company's potential for long-term success in the global light and commercial vehicle markets.
See More
Dana (DAN) Announces 20% Increase in Quarterly Dividend
- Dividend Increase: Dana has declared a quarterly dividend increase from $0.10 to $0.12 per share, representing a 20% growth, which indicates ongoing improvements in profitability and cash flow, thereby boosting investor confidence.
- Yield Context: The forward yield of 1.5% reflects the company's stability and attractiveness in the current market environment, helping to attract more long-term investors looking for reliable income.
- Payment Details: The dividend is payable on March 20, with a record date of February 27 and an ex-dividend date also on February 27, ensuring shareholders receive timely returns and reinforcing shareholder loyalty.
- Market Outlook: Dana expresses optimism about its market outlook, anticipating continued financial performance enhancement through business divestitures and margin expansion, which strengthens its competitive position among mid-cap stocks.
See More
Dana Incorporated Increases Dividend and Share Repurchase Program
- Dividend Increase: Dana Incorporated's board has declared a quarterly dividend of $0.12 per share, representing a 20% increase over the previous quarter, which not only reflects the company's confidence in its future financial health but also enhances shareholder returns.
- Share Repurchase Program Expansion: The board has extended the share repurchase program from $1 billion to a total of $2 billion by 2030, including $750 million already returned, demonstrating the company's strong belief in its own value.
- Financial Strength: CFO Timothy Kraus stated that the increase in dividends and the expansion of the repurchase program underscore Dana's confidence in its long-term financial strength and strategy, aimed at delivering enhanced returns to shareholders.
- Market Leadership: Dana is a leader in designing and manufacturing efficient propulsion and energy management solutions, with projected sales of $7.5 billion in 2025 and a workforce of 28,000 across 24 countries, further solidifying its leadership position in various mobility markets.
See More
Dana Incorporated to Release 2025 Financial Results
- Earnings Release Schedule: Dana Incorporated will release its fourth-quarter and full-year financial results for 2025 on February 18, 2026, with a press release expected at 7 a.m. EST, followed by a conference call at 9 a.m. to discuss the results and answer questions.
- Participation Details: The conference call can be accessed via domestic and international dial-in numbers, with Conference ID 9943139; the toll-free number for domestic participants is 1 (888) 440-5873, and the international dial-in number is 1 (646) 960-0319, ensuring easy access for investors.
- Online Access: Audio streaming and slides will be available on Dana's investor website, allowing investors to listen to the conference in real-time, thereby enhancing information transparency and engagement.
- Company Overview: Dana Incorporated is a leader in designing and manufacturing efficient propulsion and energy-management solutions, with projected sales of $7.5 billion in 2025 and a workforce of 28,000 across 24 countries, showcasing its significant market presence and commitment to sustainable progress.
See More
Dana Incorporated to Release 2025 Financial Results
- Earnings Release Schedule: Dana Incorporated is set to announce its fourth-quarter and full-year financial results for 2025 on February 18, 2026, with a press release at 7 a.m. EST followed by a conference call at 9 a.m. EST to discuss the results and answer questions.
- Conference Call Access: Participants can join the call using the provided dial-in information, with a toll-free number for domestic calls at 1 (888) 440-5873 and an international dial-in number at 1 (646) 960-0319, ensuring easy access for investors.
- Online Audio Streaming: During the call, Dana will offer audio streaming and slides via its investor website, enhancing investor engagement and ensuring transparency of information shared during the discussion.
- Company Overview: Dana reported preliminary sales of $7.5 billion in 2025, employing 28,000 people across 24 countries, highlighting its leadership in providing propulsion and energy management solutions globally.
See More
