NYSE$DAN

Dana Holding Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Dana Incorporated reported mixed second-quarter 2022 financial results with sales increase offset by margin compression due to inflation and supply chain disruptions, but generated strong free cash flow.

Dana Incorporated reported second-quarter 2022 financial results with increased sales of $2.59 billion, but margins were impacted by record inflation, rising material costs, and supply-chain disruptions. Despite these challenges, the company generated significant cash flow.

  • Sales increased by $381 million to $2.59 billion.
  • Net income attributable to Dana was $8 million.
  • Adjusted EBITDA was $162 million.
  • Free cash flow was $167 million, an increase of $180 million.

Headline financials

Total Revenue

$2.59B

Previous: $2.21B+17.3%
EPS (adj)

$0.08

Previous: $0.59-86.4%
Operating Cash Flow

$257M

Previous: $67M+283.6%
Adjusted EBITDA

$162M

Previous: $233M-30.5%
Free Cash Flow

$8M

Previous: $53M-84.9%
Net Income

$8M

Previous: $53M-84.9%
Operating Income

$59M

Previous: $113M-47.8%
Gross Profit

$183M

Previous: $252M-27.4%
Cash & Equivalents

$321M

Previous: $384M-16.4%
Total Assets

$7.92B

Previous: $7.68B+3.1%

Revenue & EPS history

Dana · Revenue · Quarterly

$2.59B

Q2 2022+17.3%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Dana · $1.54B total across 2 segments · Q2 2022

  • Light Vehicle
    $1.03B
  • Commercial Vehicle
    $507M

Forward guidance

Dana provided financial guidance for the full year 2022, with sales expected to be between $10 to $10.2 billion and adjusted EBITDA between $700 to $740 million.

Tailwinds

  • Sales of $10 to $10.2 billion
  • Adjusted EBITDA of $700 to $740 million
  • Diluted adjusted EPS of $0.60 to $0.90
  • Operating cash flow of approximately 6.2 to 6.5 percent of sales
  • Free cash flow of approximately 1.8 to 2.2 percent of sales

Headwinds

  • Profit margin lower due to cost inflation and operational inefficiencies
  • Translation of foreign currency expected to be a sales and profit headwind.
  • Organic growth driven by strong sales in all end markets
  • Net cost inflation of ~$38 million and customer-demand-driven operational environment
  • Investment in growing EV business 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 Q2 2022

Historical avgQ2 2022

-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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