Dana Incorporated reported FY24 preliminary results, with sales at $10.3 billion and adjusted EBITDA at $885 million. FY25 outlook includes sales of $9.5-10.0 billion, adjusted EBITDA of $925 million-$1.025 billion, and free cash flow of $175-275 million. The company plans to restructure its business segments and expects to sell the Off-Highway segment to unlock shareholder value and reduce leverage.
Dana reported Q1 sales beat, affirming FY24 guidance amid efficiency gains. Company-wide efficiency improvements continue to offset the margin impact of inflation and spending on development for electric-vehicle products, Dana said.
