NYSE$DAN

Dana Holding Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Dana's financial performance was impacted by the global pandemic, resulting in a net loss and sales decrease, but the company took actions to conserve cash and maximize liquidity.

Dana Incorporated reported a challenging second quarter in 2020, with sales significantly impacted by the COVID-19 pandemic. The company experienced a net loss, but implemented cost management and cash conservation measures to mitigate the financial impact. They maintain a strong liquidity position and are focused on growth across multiple end-markets.

  • Sales decreased to $1.08 billion due to weaker demand across all mobility markets.
  • Net loss was $174 million, impacted by higher income tax expense.
  • Adjusted EBITDA was a loss of $5 million, compared to a profit of $286 million in the same period last year.
  • Diluted adjusted EPS was a loss of $0.69, compared to earnings of $0.87 in the same period last year.

Headline financials

Total Revenue

$1.08B

Previous: $2.31B-53.3%
EPS (adj)

-$0.69

Previous: $0.87-179.3%
Operating Cash Flow

-$75M

Previous: $73M-202.7%
Adjusted EBITDA

-$5M

Previous: $286M-101.7%
Free Cash Flow

-$174M

Previous: -$68M-155.9%
Net Income

-$174M

Previous: -$68M-155.9%
Operating Income

-$112M

Previous: -$95M-17.9%
Gross Profit

-$10M

Previous: $326M-103.1%
Cash & Equivalents

$694M

Previous: $289M+140.1%
Total Assets

$6.91B

Previous: $7.35B-6.0%

Revenue & EPS history

Dana · Revenue · Quarterly

$1.08B

Q2 2020-53.3%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Dana · $537M total across 2 segments · Q2 2020

  • Light Vehicle
    $337M-63.6%
  • Commercial Vehicle
    $200M-54.2%

Forward guidance

Due to the unprecedented disruption in our end markets as a result of the COVID-19 pandemic, and associated economic uncertainty, the company believes it is prudent to refrain from issuing full-year financial guidance until there is further stabilization in end-market demand.

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 Q2 2020

Historical avgQ2 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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