#USA #Dana Incorporated #Stellantis #Maumee, Ohio #RAM Dakota

Dana Incorporated Reports Impressive First-Quarter Performance

Dana Incorporated, a prominent leader in vehicle propulsion solutions, recently announced its outstanding financial results for the first quarter of 2026. The company reported sales amounting to $1.9 billion, marking a 5% increase from the same period last year. This growth reflects Dana's successful strategies in navigating market challenges and capitalizing on customer recoveries.

Financial Highlights

In the first quarter, Dana achieved an Adjusted EBITDA of $171 million, which is $78 million higher compared to the previous year. This translates to an impressive 9.2% EBITDA margin, up 400 basis points from the first quarter of 2026, showcasing significant margin expansion due to effective cost-saving measures and operational efficiencies.

Operating cash flow showed a notable deficit of $156 million, which indicates ongoing investment into operations despite the previous year's smaller deficit of $37 million. Adjusted free cash flow also experienced a decrease to $195 million in the current quarter, yet the overall financial health remains robust, with substantial progress in several key areas.

Strategic Initiatives and Business Development

Dana’s Chairman and CEO, R. Bruce McDonald, emphasized a clear long-term strategy focused on improving costs and disciplined execution. The company has made remarkable progress not only through enhanced margins but also through a substantial new business win. Dana recently secured a significant contract with Stellantis for the RAM Dakota program, strengthening its foothold in the compact truck market. This agreement is set to include supplying front drive units and rear axles for a new vehicle platform, with production aiming to commence in 2028. The anticipated revenues from this deal will contribute to Dana's expanding three-year sales backlog, which now stands at approximately $950 million.

Incoming CEO Byron Foster noted that the company continues to push for operational excellence, as reflected in sustained growth momentum amidst improving macroeconomic conditions. He stated, "The pace of recent new business wins demonstrates the strength of our product portfolio and reinforces Dana's long-term growth trajectory."

Financial Projections for 2026

Looking ahead, Dana has maintained its projections for the fiscal year 2026. The company anticipates revenues between $7.30 and $7.70 billion. Furthermore, the adjusted EBITDA is expected to range between $750 and $850 million, with an implied adjusted EBITDA margin set between 10.0% to 11.0%. The anticipated diluted adjusted EPS is projected to fall within the $2.00 to $3.00 range, and adjusted free cash flow is expected to be between $250 to $350 million.

Outlook and Market Position

Dana Incorporated stands at the forefront of delivering innovative propulsion solutions and maintaining a strong balance sheet that positions it favorably among its peers. With its robust strategy encapsulated in the Dana 2030 plan, the company is poised for sustainable growth, appealing to stakeholders and ensuring shareholder returns through a disciplined approach to capital allocation.

The company will hold a conference call on April 29, 2026, at 9 a.m. EDT, to discuss these results further. Investors and stakeholders are encouraged to participate via the provided dial-in options.

In summary, Dana Incorporated's first-quarter performance not only showcases its resilience in the face of market challenges but also highlights a well-defined path towards achieving ambitious growth objectives. With key business wins and a focus on operational excellence, Dana remains a pivotal player in the automotive sector, ready to meet the evolving demands of the industry and its customers.