earnings
confidence high
sentiment neutral
materiality 0.80
Dana Q3 sales up 5% to $2.67B, net income $19M; UAW strike guidance cut scenarios
DANA Inc
2023-Q3 EPS reported
$0.53
revenue$8,061,000,000
- Sales $2.67B (+5% YoY); net income $19M vs net loss $88M a year ago (incl $191M goodwill impairment).
- Adjusted EBITDA $242M (+26% YoY); margin 9.1% (+150 bps). Diluted adjusted EPS $0.30 (+$0.06).
- Free cash flow use of $5M vs +$77M prior year due to higher working capital and capex.
- UAW strike impact: if resolved by Oct 31, sales ~$10.7B; if through Dec 31, sales ~$10.2B and adjusted EPS $0.30.
- Full-year guidance scenarios: adjusted EBITDA $850M (strike through Oct) or $760M (through Dec).