Dana Inc

At the Jefferies conference Dauch said integration of Dana is proceeding as planned and initial synergies are taking shape; the target is $70m in run-rate savings by the end of 2026 as part of a three-year plan totaling $300m. The company reports active bidding opportunities of over $2bn and a leverage ratio of 2.6x, which it aims to reduce primarily with cash flow to 2.5x. Risks for the second half include model changes for full-size pickups, higher ramp-up costs and seasonal effects in Europe, while direct purchasing synergies and operational savings are expected to be realized more slowly. » Więcej na de.investing.com

Dana posted Q2 sales of $2.01 billion and adjusted EBITDA of $207 million, a 10.3% margin, driven by pricing, cost savings and improved commercial vehicle demand. Management raised 2026 guidance for sales, adjusted EBITDA and adjusted free cash flow while trimming adjusted EPS guidance due to higher D&A, interest and lower equity earnings from JVs. Dana will restart share repurchases through closing and plans an additional $200 million of buybacks in 2026; the Eaton Mobility transaction will be structured as a split-off and targets at least $250 million of run-rate cost synergies within 24 months. The company reiterated its Dana 2030 growth pillars—traditional products, aftermarket and Applied Technologies—with aftermarket and defense highlighted as near-term opportunities. » Więcej na finance.yahoo.com

Dana reported Q2 revenue of $2.01 billion, topping consensus, while diluted adjusted EPS of $0.19 fell well short of the $0.66 expectation. Adjusted EBITDA rose to $207 million and the margin improved to 10.3%. The company raised full-year guidance for revenue, adjusted EBITDA (around $825 million) and free cash flow, but cut its EPS forecast to roughly $2.00 due to higher depreciation, interest expenses and lower JV earnings in China. Dana said demand in the commercial vehicle segment is increasing and confirmed the Eaton Mobility transaction remains on track to close in early 2027; the stock rose 4.8% premarket. » Więcej na de.investing.com