Dana Q1 2023 record sales $2.64B; net income $28M; adj. EBITDA up 20% to $204M; guidance reaffirmed

DANA Inc

2023-Q1 EPS reported $0.19 revenue$2,644,000,000

Sales $2.64B (+7% YoY); net income $28M (up from $17M); diluted EPS $0.19.
Adjusted EBITDA $204M (+20% YoY); margin improved 80 bps.
Diluted adjusted EPS $0.25 vs $0.16 YoY; adjusted net income $36M.
FY 2023 guidance unchanged: sales $10.35-10.85B, Adj. EBITDA $750-850M, free cash flow $0-50M.

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