secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001193125-24-246989
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000119312524246989/0001193125-24-246989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000119312524246989/d840544d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-246989

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