secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001193125-24-123652
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dana Q1 sales up 3.4% to $2.74B; adj EBITDA $223M; raises FY FCF guidance
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- Sales $2.74B (+$91M YoY); net income $3M ($0.02 diluted EPS) vs $28M ($0.19) in Q1 2023.
- Adjusted EBITDA $223M (+$19M); margin 8.2% (+50 bps); profit conversion on organic sales 39%.
- Free cash flow use $172M vs $290M YoY; full-year FCF guidance raised by $25M to $50-$100M.
- European hydraulics divestiture for ~$40M expected Q2 2024; $29M charge recognized in quarter.
- FY 2024 outlook: sales $10.65-$11.15B, adj EBITDA $875-$975M, diluted EPS $0.35-$0.85.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000119312524123652/0001193125-24-123652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000119312524123652/d808110d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-123652

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