secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001193125-24-039323
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dana reports record 2023 sales of $10.6B, adjusted EBITDA up 21% to $845M; guides 2024 higher
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- Full-year 2023 sales $10.6B (+4% YoY); adjusted EBITDA $845M (+21%); margin improved 110 bps to 8.0%.
- Net income $38M vs loss $242M in 2022; diluted EPS $0.26 vs loss $1.69.
- Record three-year new business backlog $950M, up $50M from prior backlog.
- Q4 2023 sales $2.5B (down from $2.6B YoY due to UAW strike); adjusted EBITDA $156M (down from $176M).
- 2024 guidance: sales $10.65-11.15B, adj. EBITDA $875-975M, free cash flow $25-75M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000119312524039323/0001193125-24-039323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000119312524039323/d707954d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-039323

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