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Dana Incorporated Provides Business Update, Announces Preliminary Full-Year 2024 Financial Results and 2025 Guidance; Increases Expected Annualized Total Cost Reduction Savings to $300 Million

1. Dana Incorporated reports 2024 sales at approximately $10.3 billion, improving margins. 2. Company outlines proposed off-highway business sale and cost-saving initiatives.

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FAQ

Why Bullish?

Improved financial outlook reflects stability and potential for growth, similar to past earnings uptrends.

How important is it?

Financial results and structure changes often impact stock performance directly, indicating a solid operational strategy.

Why Short Term?

Immediate financial updates can influence stock sentiment quickly, as seen in previous quarterly earnings reports.

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DAN
MAUMEE, Ohio , Jan. 24, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced select, preliminary, unaudited financial results for the full year ended December 31, 2024, presented its financial outlook for 2025, and provided a business update including a simplified organizational structure and the status of the proposed sale of its Off-Highway business and cost-savings actions. Full-Year 2024, Preliminary, Unaudited Financial Results Sales of approximately $10.3 billion  Adjusted EBITDA of approximately $885 million Adjusted EBITDA margin of 8.6 percent, a projected 60-basis-point improvement compared to 2023 R.

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