Dana Q2 sales $2.75B (+6% YoY); net income $30M vs $8M; raises full-year guidance

DANA Inc

2023-Q2 EPS reported $0.40 revenue$5,392,000,000

Sales of $2.75B, up $162M or 6% YoY; net income $30M ($0.21 diluted EPS) vs $8M last year.
Adjusted EBITDA $243M (+50% YoY); margin improved 250 bps; diluted adjusted EPS $0.37 vs $0.08.
Full-year 2023 guidance raised: sales $10.45-10.95B, adjusted EBITDA $800-900M, adjusted EPS $0.65-1.05.
Free cash flow $134M in Q2; operating cash flow $256M.
CEO cites strong execution; company recognized as America's Climate Leader.

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