earnings
confidence high
sentiment neutral
materiality 0.75
Dana Q2 sales flat at $2.74B; adj EBITDA margin up 10 bps to 8.9%; raises FY free cash flow guidance to $100M
DANA Inc
2024-Q2 EPS reported
$0.13
revenue$5,473,000,000
- Sales of $2.74B vs $2.75B in Q2 2023; net income $16M ($0.11 EPS) down from $30M ($0.21 EPS) a year ago.
- Adjusted EBITDA $244M (8.9% margin) vs $243M (8.8% margin) prior year, a 10 bps improvement.
- Adjusted net income $45M ($0.31 adj. EPS) vs $54M ($0.37 adj. EPS) in Q2 2023.
- Full-year free cash flow guidance raised to $75-125M from prior range; sales guidance lowered to $10.45-10.95B.
- Adjusted EBITDA guidance maintained at $875-975M; company cites cost management offsetting weaker demand.