secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001193125-23-264461
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dana Q3 sales up 5% to $2.67B, net income $19M; UAW strike guidance cut scenarios
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000119312523264461/0001193125-23-264461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000119312523264461/d528555d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-264461

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer