Oct 28, 7:00 AM ET
Dana reported third-quarter 2026 sales of $2.04 billion, up from $1.92 billion, and adjusted EBITDA of $218 million, up from $162 million. It raised its full-year 2026 sales outlook by about $50 million and kept its adjusted EBITDA, adjusted EPS and adjusted free cash flow guidance, while GAAP results from continuing operations swung to a loss that included debt-extinguishment and tax charges.
- Q3 2026 sales of $2.04 billion vs. $1.92 billion in Q3 2025; adjusted EBITDA margin of 10.7% vs. 8.5%
- Net loss from continuing operations of $10 million, or $0.13 per diluted share, vs. net income of $13 million, or $0.07 per diluted share, a year earlier, including a $24 million debt extinguishment loss and a $29 million foreign tax settle
- Repurchased 6.6 million shares for $200 million in Q3; plans about $100 million more in Q4 2026
- Eaton Mobility transaction expected to close around the end of Q1 2027; nearly all regulatory approvals obtained
Read the filing on SEC.gov ↗
Aug 6, 7:00 AM ET
Dana reported second-quarter 2026 sales of $2.01 billion, up 4 percent, and adjusted EBITDA of $207 million, up from $147 million a year earlier. The company raised its full-year 2026 sales and adjusted EBITDA outlook and restarted its share repurchase program, which had been suspended after the Eaton Mobility deal was announced.
- Q2 2026 sales of $2.01 billion versus $1.94 billion in Q2 2025; adjusted EBITDA margin of 10.3 percent versus 7.6 percent
- Net income from continuing operations of $11 million versus a loss of $12 million; diluted EPS from continuing operations of $0.06 versus a loss of $0.11
- Full-year 2026 guidance raised: sales of $7.65 to $7.85 billion (up about $225 million) and adjusted EBITDA of $800 to $850 million (up about $25 million)
- Repurchased 1.2 million shares for $44 million in Q2; plans about $200 million more in 2026; Eaton Mobility transaction still expected to close in Q1 2027
Read the filing on SEC.gov ↗
Jul 10, 4:30 PM ET
Dana entered into an amendment to its credit agreement providing a new $500.0 million senior secured delayed draw term loan, which it expects to draw in full to redeem all outstanding 8.500% Senior Notes due 2031 on or around July 31, 2026. The redemption price is 104.250% of principal plus accrued interest, so shareholders should note the refinancing cost and the new secured debt that ranks ahead of unsecured holders.
- Delayed Draw Term Loan A Facility: $500.0 million, available to draw until August 1, 2026
- Loan matures 364 days after borrowing; amortization of 10% per quarter starting December 31, 2026
- Planned redemption of 8.500% Senior Notes due 2031 on or around July 31, 2026 at 104.250% of principal plus accrued interest
- Loan is guaranteed by domestic subsidiaries and secured by a first-priority lien on substantially all assets of Dana and the guarantors
Read the filing on SEC.gov ↗
Jun 11, 4:26 PM ET
On June 10, 2026, Dana entered into definitive agreements with Eaton under which Eaton's Vehicle and eMobility businesses would be spun off as SpinCo and then merged with Dana, with Dana surviving as a wholly owned subsidiary of SpinCo, which would be renamed Dana Incorporated. Former Dana shareholders would own approximately 49.9% of SpinCo on a fully diluted basis, and the deal requires a Dana shareholder vote and regulatory clearances before closing.
- Former Eaton shareholders would own at least 50.1% and former Dana shareholders about 49.9% of SpinCo on a fully diluted basis.
- SpinCo would make a cash payment of approximately $1.1 billion to Eaton Ohio before the distribution, subject to adjustments.
- Goldman Sachs Bank USA committed to provide $2.6 billion of 364-day bridge financing to Dana and SpinCo, to be replaced with permanent financing.
- Closing requires approval by holders of a majority of Dana common stock and certain U.S. and international regulatory clearances.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.