Christian A. Garcia
Brett M. Icahn and Christian A. Garcia resigned from the board of directors
Highest-materiality recent filing
Sales $1.87B, up 5% from $1.78B YoY; adj EBITDA $171M (9.2% margin) vs $93M (5.2%) prior year.
Dana targets ~$10B sales by 2030, 14-15% EBITDA margins at Capital Markets Day
Dana 2030 plan targets ~$10B annual sales by 2030, 33% above 2026 guidance.
Dana FY2025 Adj. EBITDA $610M, guides 2026 margin 10-11%; buyback expanded to $2B
FY2025 sales $7.5B (-3% YoY); Adj. EBITDA $610M (8.1% margin) vs $395M (5.1%) in FY2024.
Dana raises dividend 20% to $0.12/share; expands buyback program to $2B through 2030
Quarterly dividend increased 20% to $0.12 per share; payable March 20, 2026 to holders of record Feb 27.
Dana reports preliminary 2025 sales ~$7.5B, adj. EBITDA $600M; 2026 margin guidance raised to 10-11%
Preliminary 2025: sales ~$7.5B, adjusted EBITDA ~$600M (8% margin), adjusted FCF ~$315M.
Dana completes tender offers for six note series and redeems all 2027 & 2028 notes
Purchased $138.3M of 2027 notes (34.6% of outstanding), $142.4M of 2028 notes (35.6%).
Dana completes $2.66B sale of Off-Highway business to Allison; provides pro forma financials
Sale closed Jan 1, 2026; cash proceeds $2.664B after preliminary working capital adjustments.
Dana completes $2.73B sale of off-highway business to Allison Transmission
Purchase price of $2.732B in cash; multiple of 7.5x expected 2025 adjusted EBITDA.
Dana launches tender offers for up to ~$1.066B in notes ahead of off-highway sale
Tenders up to $173M each of 2027, 2028 & 2030 notes; €141M 2029; €184M 2031; $152M 2032.
Dana Q3 net income $13M; adjusted EBITDA margin 8.5%, raises FY profit guidance
Sales $1.92B (flat YoY); net income from continuing ops $13M vs loss $21M a year ago.
Dana extends CEO McDonald's contract; successor search to accelerate in early 2026
CEO R. Bruce McDonald's employment extended on month-to-month basis up to one year until successor starts; then to Non-Executive Chairman.
Dana Q2 2025: Sales $1.95B (continuing); raises FY25 guidance; $1B capital return
Sales from continuing ops $1.95B vs $2.05B YoY; loss before tax -$24M vs -$53M; adjusted EBITDA $145M (7.5% margin) vs $110M.
Dana adds $250M term loan facility tied to off-highway business divestiture
$250M 2025 New Term A Facility matures earlier of 5 business days after off-highway divestiture or 364 days.
Dana repurchases 14.3M shares from Icahn Group at $17.58; two Icahn director appointees resign
Dana repurchased 14,268,505 shares from Icahn Group at $17.58/share (~$251M total).
Dana to sell off-highway business to Allison Transmission for $2.732B
Purchase price of $2.732B, subject to working capital and net debt adjustments.
Dana sells off-highway business to Allison for $2.7B; authorizes $1B capital return
Sale price represents 7x expected 2025 adjusted EBITDA; net cash proceeds after tax ~$2.4B.
Brett M. Icahn and Christian A. Garcia resigned from the board of directors
Brett M. Icahn and Christian A. Garcia resigned from the board of directors
Max materiality 0.90 · Median 0.70 · Most common event earnings