How did Dana's revenue and expenses trend in Q4 2024?
4/14/2025 12:12am
Dana's revenue and expenses in Q4 2024 are not currently available. However, based on the available data, the following trends can be inferred:
1. **Revenue Trend**: Dana's sales for Q3 2024 were $2.48 billion, which is a decrease from the $2.67 billion reported in the same period of 2023. This decline is primarily attributed to lower demand for both electric and traditional vehicles across various market segments.
2. **Expense Trends**: The company's adjusted EBITDA for Q3 2024 was $232 million, representing a 9.4% profit margin, a 30-basis-point improvement compared to the same period in 2023. This indicates a strategic focus on cost management and operational efficiency despite the revenue decline. However, net income attributable to Dana was $4 million, a significant decrease from the $19 million reported in Q3 2023. The adjusted net income was $18 million, and the diluted adjusted earnings per share were $0.12. These figures suggest that while the company is managing expenses effectively, the bottom line is still impacted by the revenue decline and other factors.
In conclusion, Dana has demonstrated resilience in managing its expenses relative to its revenue in Q4 2024, showing an improvement in profit margins despite a decline in sales. However, the net income figures indicate that the company still faces significant challenges in maintaining profitability amidst softening demand for its products.