Dana Q2 sales rise 4%, beat estimates
Dana Q2 sales rise 4%, beat estimates
Overview
US powertrain solutions provider's Q2 sales rose 4% yr/yr, beating analyst expectations
Adjusted EPS for Q2 missed analyst expectations
Company restarted share repurchase program, buying back 1.2 mln shares in Q2
Outlook
Dana raises 2026 sales outlook to $7.65-$7.85 bln
Company now sees 2026 adjusted EBITDA of $800-$850 mln
Dana expects 2026 diluted adjusted EPS of $1.75-$2.25
Result Drivers
HIGHER DEMAND - Co said sales growth was primarily driven by improved demand across end markets
COST SAVINGS - Co said margin improvement was due to cost-savings actions and operational efficiency improvements
PRICING ACTIONS - Co said pricing initiatives contributed to both sales growth and margin expansion
Company press release: ID:nPnf1H1Ra
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $2 bln | $1.94 bln (6 Analysts) |
Q2 Adjusted EPS | Miss | $0.19 | $0.69 (5 Analysts) |
Q2 Loss Per Share |
| $0.05 |
|
Q2 Adjusted Net Income |
| $21 mln |
|
Q2 Adjusted EBITDA |
| $207 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Dana Inc is $39.00, about 39.2% above its August 5 closing price of $28.02
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
Aug 5 - BorgWarner Q2 sales and adjusted EPS beat estimates, raises FY guidance
Aug 3 - Allison Transmission Q2 sales rise 92% on Allison Transmission unit growth
Aug 4 - Continental posts Q2 profit beat, but warns of worsening raw material costs
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)