NYSE$DAN

Dana Holding Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Dana's financial performance was impacted by rising commodity costs, supply-chain constraints, and labor shortages, but the company remains focused on offsetting these challenges and capitalizing on future growth opportunities.

Dana Incorporated reported sales of $2.2 billion for the third quarter of 2021, a $210 million increase compared to the same period in 2020. Net income attributable to Dana was $48 million, up $3 million from last year's third quarter. Adjusted EBITDA was $210 million, compared to $201 million in the same period of 2020. Diluted adjusted earnings per share were $0.41, compared to $0.37 in the third quarter of 2020.

  • Sales reached $2.2 billion, driven by strong customer demand in heavy-vehicle markets.
  • Net income attributable to Dana was $48 million.
  • Adjusted EBITDA totaled $210 million.
  • Diluted adjusted EPS was $0.41.

Headline financials

Total Revenue

$2.2B

Previous: $1.99B+10.5%
EPS (adj)

$0.41

Previous: $0.37+10.8%
Operating Cash Flow

-$75M

Previous: $321M-123.4%
Adjusted EBITDA

$210M

Previous: $201M+4.5%
Free Cash Flow

$48M

Previous: $45M+6.7%
Net Income

$48M

Previous: $45M+6.7%
Operating Income

$94M

Previous: $89M+5.6%
Gross Profit

$206M

Previous: $214M-3.7%
Cash & Equivalents

$220M

Previous: $956M-77.0%
Total Assets

$7.58B

Previous: $7.52B+0.7%

Revenue & EPS history

Dana · Revenue · Quarterly

$2.2B

Q3 2021+10.5%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Dana · $1.31B total across 2 segments · Q3 2021

  • Light Vehicle
    $918M+0.5%
  • Commercial Vehicle
    $396M+26.1%

Forward guidance

Dana provided revised 2021 financial target ranges, including sales of $8.8 to $9 billion, adjusted EBITDA of $815 million to $875 million, diluted adjusted EPS of $1.65 to $2.05, operating cash flow of approximately 5% of sales, and free cash flow of approximately 1% of sales.

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 Q3 2021

Historical avgQ3 2021

-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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