What is the market's earnings forecast for Dana next quarter?

What were the key takeaways from Dana's earnings call?

What is Dana's gross profit margin?

What guidance did Dana's management provide for the next earnings period?

What factors drove the changes in Dana's revenue and profit?

What does Dana do and what are its main business segments?

What were the key takeaways from Dana’s earnings call?

What is Dana's latest dividend and current dividend yield?

- **Cost Savings Acceleration**: $310 million target on track, with $73 million realized in Q3 and $235 million annualized run rate.
- **Margin Expansion**: 10%+ EBITDA margin achievable in 2026, driven by ICE vehicle growth and operational efficiency.
- **EV Program Challenges**: $10 million Q3 charges from cancellations, expected recovery in Q4.
- **Free Cash Flow Strength**: $101 million Q3 free cash flow, up $109 million YoY, with $275 million 2025 target.

**【CEO Summary Section】**
- **Business Performance and Restructuring**: CEO highlights improving business performance with $310 million cost savings on track, including $73 million realized in Q3. Restructuring initiatives are reducing headwinds, with minimal tariff impact in Q3 and expected recovery of $150 million in 2025. EV program cancellations caused $10 million charges in Q3, expected to recover in Q4.
- **Market Dynamics**: Light Vehicle demand stable, Commercial Vehicle (CV) North America and Brazil volumes soft. Off-Highway business sale nearing completion, with European regulatory approvals pending.
- **Margin Outlook**: Confident in achieving 10% to 10.5% EBITDA margin in 2026, driven by cost savings, operational efficiency, and ICE vehicle growth. Backlog includes $300 million in new programs, 70% ICE, with EV share declining.

**【CFO Financial Commentary】**
- **Q3 Financials**: Sales $1.917 billion (+1% YoY), Adjusted EBITDA $162 million (+$51 million YoY), margin 8.5% (up 260bps). Free cash flow $101 million, up $109 million YoY due to profitability and working capital improvements.
- **Guidance Updates**: Full year 2025 adjusted EBITDA raised $15 million to $590 million midpoint. 2026 targets: 10%+ EBITDA margin, $275 million free cash flow. Stranded costs reduced to $30-$40 million in 2026 post-Off-Highway sale.
- **Key Drivers**: Cost savings ($235 million annualized), tariff recovery ($150 million sales, $20 million profit headwind), and currency benefits ($25 million sales).

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