Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
MAUMEE, Ohio - On Wednesday, Dana Incorporated (NYSE:DAN) reported first-quarter revenue that topped expectations and provided an optimistic outlook for the full year.
The company’s shares were up 3.93% in premarket trading following the release.
The company posted Q1 revenue of $2.4 billion, exceeding analyst estimates of $2.3 billion. However, adjusted earnings per share came in at $0.13, missing the consensus forecast of $0.16.
Dana’s Q1 sales declined 14% YoY, primarily due to lower volumes across its business segments. Net income attributable to Dana was $25 million or $0.17 per share, compared to $3 million or $0.02 per share in the same period last year.
"Our efforts to transform the company into a stronger, more focused business are gaining momentum," said R. Bruce McDonald, chairman and CEO. He noted that Dana’s cost-savings initiative is progressing well, with the company now targeting $225 million in savings by 2025.
Looking ahead, Dana raised its full-year 2025 revenue guidance to a range of $9.52 billion to $10.02 billion, up from its previous outlook and above the $9.51 billion analyst consensus. The company also forecast adjusted EPS of $1.15 to $1.65, compared to the $1.14 Wall Street estimate.
Dana maintained its adjusted EBITDA guidance range of $925 million to $1.025 billion for the year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.