Dana Q3 sales down 7% to $2.48B; net income $4M vs $19M; cuts full-year guidance

DANA Inc

2024-Q3 EPS reported $0.16 revenue$7,949,000,000

Sales $2.48B, -7% YoY; net income $4M ($0.03 EPS) vs $19M ($0.13 EPS) in Q3 2023.
Adjusted EBITDA $232M (9.4% margin, +30 bps YoY) despite lower demand; adjusted EPS $0.12 vs $0.30.
Revised FY 2024 guidance: sales $10.2-10.4B, Adj EBITDA $855-895M, diluted EPS $0.05-0.25.
Free cash flow guidance maintained at $90-110M; Q3 FCF use $11M vs use $5M.
CEO cites softening EV and traditional demand; cost actions partially offset margin impact.

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