Dana Incorporated Earnings Recaps
Q2 2026
Aug 8, 2026
Dana’s shares edged up 1.5% post-earnings, reflecting a steady quarter that delivered on cost savings and strategic initiatives but showed no clear upside catalyst to drive a stronger market response.
Key takeaways
- Sales reached $2 billion with adjusted EBITDA of $207 million; margins improved 270 basis points year-over-year to 10.3%.
- Achieved $19 million in quarterly cost savings, bringing the year-to-date total to $54 million toward the $65 million 2026 target.
- Restarted share repurchase program, repurchasing 1.2 million shares for $44 million in Q2 and planning $200 million more for the rest of the year.
- Dana 2030 growth strategy progressing with notable aftermarket sales gains (+$40 million from national retail chains) and new defense-related sales estimated at $30 million.
- Eaton Mobility transaction structure updated to a split-off, maintaining tax-free status and allowing ongoing share repurchases through deal closing.
Q3 2025
Oct 30, 2025
Dana Incorporated reported a notable turnaround in performance for Q3 2025, with a significant increase in adjusted EBITDA and net income attributed to strategic cost-saving initiatives and a better operating environment.
Key takeaways
- Sales rose to $1.917 billion, reflecting a $20 million increase year-over-year, despite lower demand.
- Adjusted EBITDA improved 46% to $162 million, driven by cost efficiencies and operational enhancements.
- Net income swung to $13 million from a loss of $21 million in the prior year, marking a $34 million positive shift.
- Tariff impacts diminished, contributing to a better overall outlook and reduced full-year guidance headwinds by $15 million at the midpoint.
- Share repurchases totaled 7% of outstanding shares during the quarter, reinforcing commitment to returning capital to shareholders.