Dana completes $2.66B sale of Off-Highway business to Allison; provides pro forma financials

DANA Inc

Sale closed Jan 1, 2026; cash proceeds $2.664B after preliminary working capital adjustments.
Pro forma shows continuing ops net income of $11M for 9M 2025 vs. reported loss of $29M.
Proceeds used to redeem $1.3B in senior notes and repay $250M Term A Facility.
Estimated pre-tax gain on sale of $1.287B recognized in retained earnings.
Company expects to finalize discontinued ops accounting in 2025 annual report.

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