NYSE$DAN
Dana Holding Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported record sales and higher profit in the first quarter of 2023.
Dana Incorporated reported strong first-quarter results with sales of $2.64 billion, a 7% increase year-over-year. Net income attributable to Dana was $28 million, and adjusted EBITDA was $204 million, driven by healthy customer demand and new business.
- Sales increased by $164 million, or 7 percent over last year, reaching $2.64 billion.
- Net income attributable to Dana increased by $11 million over last year, totaling $28 million.
- Diluted adjusted EPS increased by $0.09 per share to $0.25.
- Adjusted EBITDA increased by $34 million, or 20 percent over last year, reaching $204 million.
Headline financials
Revenue & EPS history
Dana · Revenue · Quarterly
$2.64B
Revenue by segment
Dana · $1.48B total across 2 segments · Q1 2023
- Light Vehicle$962M-2.3%64.8%
- Commercial Vehicle$522M+12.7%35.2%
Forward guidance
The company reaffirmed its full-year guidance for 2023, with sales expected to be between $10.35 to $10.85 billion and adjusted EBITDA between $750 to $850 million.
Tailwinds
- Sales growth supported by improved end-market demand, pricing actions, and market share gains
- Gross inflation and related recoveries are now expected to be lower than prior estimate; net profit impact from inflation remains the same, as cost recovery actions are expected to offset all but ~$50M of inflation headwind
- Continued investment in EV business offsetting profit contribution
- Translation of foreign currency expected to be slightly less of a sales headwind due to the revised outlook for the relative value of the Mexican peso, Brazilian real, and Argentine peso
- Steel price outlook slightly elevated from prior estimate, lowering the expected margin benefit by ~20 bps
Headwinds
- Cost inefficiencies, driven by volatile customer production, and higher sales due to cost recoveries hindering margin
- Free cash flow includes significant capital investment to support accelerated EV growth and roll-on business
- ~60% effective tax rate included in adjusted EPS guide driven primarily by valuation allowances in U.S
- Inflation is expected to impact profit by approximately $50 million despite cost recovery actions.
- Continued investment in the EV business is offsetting profit contribution.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-0.6%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-0.5%
Avg return
30 days after
45%
30 / 66 earnings
Positive
+20.1%
Q2 2012
Best reaction
-24.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.4% | -1.8% | -10.7% | |
| Q4 2025 | +5.3% | +6.0% | -4.4% | |
| Q3 2025 | +7.9% | +2.8% | +11.9% | |
| Q2 2025 | +7.2% | +14.1% | +34.5% | |
| Q1 2025 | +5.8% | +11.9% | +28.0% | |
| Q4 2024 | -0.5% | -5.6% | -13.8% | |
| Q3 2024 | -24.4% | -23.9% | -1.4% | |
| Q2 2024 | +3.0% | -8.0% | -4.1% | |
| Q1 2024 | +5.1% | +5.5% | +10.1% | |
| Q4 2023 | -8.8% | -6.6% | -7.8% | |
| Q3 2023 | -8.0% | -11.3% | +3.2% | |
| Q2 2023 | +0.9% | -1.8% | -17.2% | |
| Q1 2023 | -0.2% | -0.1% | -6.5% | |
| Q4 2022 | -15.3% | -17.2% | -27.2% | |
| Q3 2022 | +8.7% | +12.3% | +24.1% | |
| Q2 2022 | -4.5% | -3.3% | -10.9% | |
| Q1 2022 | +1.3% | -0.1% | +9.3% | |
| Q4 2021 | -11.3% | -13.5% | -18.8% | |
| Q3 2021 | -11.8% | -11.9% | -4.8% | |
| Q2 2021 | -0.9% | -3.4% | +0.3% | |
| Q1 2021 | -4.4% | -6.8% | -2.0% | |
| Q4 2020 | -2.3% | +2.2% | +10.9% | |
| Q3 2020 | -1.0% | -3.7% | +20.1% | |
| Q2 2020 | -11.3% | -5.0% | +9.5% | |
| Q1 2020 | +3.3% | -0.5% | +21.1% | |
| Q4 2019 | +4.1% | +2.3% | -46.4% | |
| Q3 2019 | -3.5% | +6.1% | +0.8% | |
| Q2 2019 | -18.5% | -24.4% | -33.6% | |
| Q1 2019 | -5.0% | -7.3% | -23.8% | |
| Q4 2018 | +15.8% | +15.4% | +5.4% | |
| Q3 2018 | -10.6% | -5.5% | -10.3% | |
| Q2 2018 | -2.3% | +2.9% | -3.5% | |
| Q1 2018 | -5.5% | -4.6% | -9.8% | |
| Q4 2017 | -5.4% | -7.4% | -13.6% | |
| Q3 2017 | +4.8% | +5.8% | +10.0% | |
| Q2 2017 | +1.8% | +4.1% | +1.9% | |
| Q1 2017 | +4.0% | +6.0% | +13.8% | |
| Q4 2016 | -0.9% | -0.6% | -4.7% | |
| Q3 2016 | +2.0% | +1.3% | +16.1% | |
| Q2 2016 | +15.6% | +20.0% | +25.0% | |
| Q1 2016 | -7.3% | — | — | |
| Q4 2015 | -9.7% | — | — | |
| Q3 2015 | -1.2% | — | — | |
| Q2 2015 | -4.9% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | -2.0% | — | — | |
| Q3 2014 | +14.4% | — | — | |
| Q2 2014 | +2.9% | — | — | |
| Q1 2014 | -9.9% | — | — | |
| Q4 2013 | +6.0% | — | — | |
| Q3 2013 | -16.3% | — | — | |
| Q2 2013 | +5.5% | — | — | |
| Q1 2013 | -2.9% | — | — | |
| Q4 2012 | -1.0% | — | — | |
| Q3 2012 | -0.4% | — | — | |
| Q2 2012 | +20.1% | — | — | |
| Q1 2012 | +6.1% | — | — | |
| Q4 2011 | +3.5% | — | — | |
| Q4 2009 | +3.5% | — | — | |
| Q4 2010 | +3.5% | — | — | |
| Q3 2010 | +8.3% | — | — | |
| Q3 2011 | +8.3% | — | — | |
| Q2 2011 | -3.6% | — | — | |
| Q1 2011 | -1.3% | — | — | |
| Q1 2010 | -1.3% | — | — | |
| Q2 2010 | +2.8% | — | — |
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