Dana — Oct 30, 2024 release

    •   Adjusted EBITDA of $ 232  million     •   Adjusted EBITDA margin of 9.4  percent, a 30-basis-point improvement compared with 2023     •   Full-year free cash flow guidance maintained at $100  million MAUMEE, Ohio, Oct. 30, 2024 – Dana Incorporated (NYSE: DAN) today announced financial results for the third quarter of 2024. “Dana achieved 30 basis points of profit-margin improvement in the third quarter despite lower sales as a result of softening demand for both EV and traditional programs across our end markets,” said Chairman and CEO Jim Kamsickas. “Dana’s ability to flex our cost structure and generate efficiencies from our global business and operating systems through the current adverse market conditions is allowing us to continue driving toward our profitability goals. Despite market cyclicality, we remain focused on the technology innovations required to meet the needs of our customers and secure long-term, profitable growth.” Sales for the third quarter of 2024 totaled $2.48 billion, compared with $2.67 billion in the same period of 2023. Weakening market demand for electric vehicles, commercial trucks, off-highway equipment, and certain light-truck programs drove lower sales. Adjusted EBITDA for the third quarter of 2024 was $232 million or 9.4 percent of sales, compared with $242 million or 9.1 percent of sales for the same period in 2023. Company-wide efficienc