Latest news with #DanaInc
Yahoo
01-05-2025
- Business
- Yahoo
Dana Inc (DAN) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic Cost ...
Sales: $2.4 billion, $383 million lower than last year. Adjusted EBITDA: $188 million, profit margin of 8%. Net Income: $25 million, compared to $3 million last year. Operating Cash Flow: Use of $37 million, an improvement of $65 million year-over-year. Free Cash Flow: Use of $101 million, $67 million higher than last year. Cost Savings: $41 million in profit from cost-saving actions. Tariff Impact: $6 million in the quarter, with expected recoveries throughout the year. Foreign Currency Impact: Decreased sales by $53 million, profit lower by $4 million. 2025 Full Year Sales Guidance: Expected to be above the midpoint of the range. 2025 Adjusted EBITDA Guidance: $975 million at midpoint, 10% profit margin. 2025 Adjusted Free Cash Flow Guidance: $225 million at midpoint. 2025 Adjusted EPS Guidance: $1.40 per share at midpoint. Warning! GuruFocus has detected 5 Warning Signs with DAN. Release Date: April 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Dana Inc (NYSE:DAN) is accelerating its cost reduction program, increasing the target from $175 million to $225 million for 2025. The integration of the Power Technologies segment into Light Vehicle and Commercial Vehicle segments is expected to yield $30 million to $35 million in cost savings. Dana Inc (NYSE:DAN) reported a year-over-year improvement in free cash flow by $67 million in Q1 2025. The company won its 10th PACE Award for its hybrid transmission, which is expected to grow sales significantly over the next few years. Dana Inc (NYSE:DAN) is confident in recovering 100% of the tariffs imposed, with processes in place to ensure timely recovery from customers. Dana Inc (NYSE:DAN) faced a $6 million headwind from tariffs in Q1 2025, impacting margins. Sales were $383 million lower than the previous year, driven by reduced demand across all end markets. The company is experiencing a reduction in schedules for North American commercial vehicle customers, posing a potential headwind. Foreign currency translation negatively impacted sales by $53 million, primarily due to the lower value of the euro, real, and rupee compared to the US dollar. Dana Inc (NYSE:DAN) is cautious about potential risks in the light vehicle market in the second half of the year, which could affect future guidance. Q: Can you provide an update on the guidance for Dana's new business versus the off-highway segment, considering the various factors like tariffs and cost savings? A: Timothy Kraus, CFO, stated that the Commercial Vehicle segment is expected to be lower than previously anticipated, but this is offset by improvements in Light Vehicle and off-highway segments, as well as tariff offsets. Bruce McDonald, CEO, added that the incremental cost reduction target is small relative to corporate sales, and the path to achieving the 2026 margin targets for the new Dana is on track. Q: What is the exposure to tariffs, and how long do you expect the recovery process to take? A: Timothy Kraus, CFO, explained that while he couldn't disclose the overall exposure, the recovery process is expected to take less than a quarter. Most large customers have set up processes to handle tariff recoveries, and Dana has already started providing the necessary documentation to facilitate this. Q: How confident are you in achieving the $225 million cost savings target for 2025, and what are the main sources of these savings? A: Timothy Kraus, CFO, expressed strong confidence in achieving the $225 million target, noting that 70% of the savings are from headcount and engineering reductions. The company has already actioned over 70% of the planned headcount reductions, with further actions planned throughout the year. Q: With the integration of Power Technologies into other segments, does this mean the business is no longer for sale? A: Bruce McDonald, CEO, confirmed that Power Technologies is not for sale and emphasized that the integration is aimed at running the business more efficiently. The consolidation is expected to yield $30 million to $35 million in savings, with further operational improvements anticipated. Q: How does Dana plan to address the potential impact of tariffs on its operations and supply chain? A: Bruce McDonald, CEO, mentioned that while the rules around tariffs have been volatile, Dana is having discussions about potential mitigation strategies, such as reshoring and changing suppliers. However, some issues, like castings from India, cannot be addressed in the short term. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Washington Post
30-04-2025
- Business
- Washington Post
Dana: Q1 Earnings Snapshot
MAUMEE, Ohio — MAUMEE, Ohio — Dana Inc. (DAN) on Wednesday reported profit of $25 million in its first quarter. On a per-share basis, the Maumee, Ohio-based company said it had net income of 17 cents. Earnings, adjusted for one-time gains and costs, were 13 cents per share. The automotive equipment supplier posted revenue of $2.35 billion in the period. Dana expects full-year earnings in the range of $1.15 to $1.65 per share, with revenue in the range of $9.53 billion to $10.03 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DAN at
Yahoo
30-04-2025
- Business
- Yahoo
Dana: Q1 Earnings Snapshot
MAUMEE, Ohio (AP) — MAUMEE, Ohio (AP) — Dana Inc. (DAN) on Wednesday reported profit of $25 million in its first quarter. On a per-share basis, the Maumee, Ohio-based company said it had net income of 17 cents. Earnings, adjusted for one-time gains and costs, were 13 cents per share. The automotive equipment supplier posted revenue of $2.35 billion in the period. Dana expects full-year earnings in the range of $1.15 to $1.65 per share, with revenue in the range of $9.53 billion to $10.03 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DAN at Sign in to access your portfolio
Toronto Sun
29-04-2025
- Automotive
- Toronto Sun
Trump to offer auto tariffs reprieve after carmaker appeals
Published Apr 29, 2025 • 2 minute read Worker prepares an axle for welding at the Dana Inc. Toledo Driveline Facility, Toledo, Ohio, Oct 5, 2021. Photographer:Dane Rhys/Bloomberg Photo by Dane Rhys / Bloomberg (Bloomberg) — President Donald Trump is on track to ease the impact of his auto tariffs, with changes sought by the industry that would lift some levies on foreign parts for cars and trucks made inside the US. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Imported automobiles also would be given a reprieve from separate tariffs on aluminum and steel, an effort to prevent multiple levies from stacking on top of each other, a White House official said Monday. 'This deal is a major victory for the president's trade policy by rewarding companies who manufacture domestically while providing runway to manufacturers who have expressed their commitment to invest in America and expand their domestic manufacturing,' Commerce Secretary Howard Lutnick said in an emailed statement. The expected shift, reported earlier by the Wall Street Journal, comes as Trump prepares to travel to Michigan, the heart of the American automobile industry, to mark the first 100 days of his second term in the White House. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Shares in Ford Motor Co. and General Motors Co. were up around 1% in premarket trading in New York. Stellantis NV's stock is up about 2% in Milan. A proclamation setting the changes in motion could be signed as soon as Tuesday, the official said, before Trump's planned speech in Macomb County, a carmaking hub and bastion of blue-collar workers Trump says his tariff are meant to help. The pivot also would represent the latest evolution in Trump's ever-changing trade strategy, following his decision earlier this month to pause higher tariffs on dozens of trading partners to allow time for negotiations. The expected changes come just before the 25% tariffs on foreign auto parts are set to take effect May 3. Under the planned changes, automakers would be able to secure a partial reimbursement for tariffs on imported auto parts, based on the value of their US car production, according to the official. This advertisement has not loaded yet, but your article continues below. The extent of those reimbursements would decline over time — with a phase out meant to prod automakers to shift more of their supply chain into the US, while also giving them time to adapt. In a separate move, Trump is poised to ensure imported autos aren't double-tariffed by also paying other levies on steel and aluminum. Automakers, dealers and parts suppliers had pleaded for some relief, warning that Trump's tariffs risked upsetting a tightly knit North American supply chain. 'Ford welcomes and appreciates these decisions by President Trump, which will help mitigate the impact of tariffs on automakers, suppliers and consumers. We will continue to work closely with the administration in support of the president's vision for a healthy and growing auto industry in America,' Ford Chief Executive Officer Jim Farley said in a statement. This advertisement has not loaded yet, but your article continues below. Mary Barra, the CEO of GM, said in a statement that 'we believe the president's leadership is helping level the playing field for companies like GM and allowing us to invest even more in the US economy.' Industry groups said in a letter to the administration last week that duties on imported auto parts could raise costs for US manufacturing facilities, jeopardizing efforts to revitalize domestic carmaking. Trump earlier this month signalled he was sympathetic to auto companies' concerns, telling reporters that carmakers using parts from Canada, Mexico and other countries 'need a little bit of time, because they're going to make them here.' —With assistance from Skylar Woodhouse, Gabrielle Coppola, Joe Deaux and David Welch. Federal Elections Columnists Toronto & GTA Sunshine Girls Federal Elections
