secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001193125-24-189452
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dana Q2 sales flat at $2.74B; adj EBITDA margin up 10 bps to 8.9%; raises FY free cash flow guidance to $100M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000119312524189452/0001193125-24-189452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000119312524189452/d788827d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-189452

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