NYSE$DAN

Dana Holding Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong financial results with higher sales and free cash flow.

Dana Incorporated reported strong third-quarter 2022 financial results, featuring sales of $2.54 billion and free cash flow of $77 million. The company reaffirmed its full-year financial targets despite ongoing supply and production disruptions and record inflationary costs.

  • Sales of $2.54 billion, an increase of $331 million
  • Net loss attributable to Dana of $88 million; includes a non-cash goodwill impairment charge
  • Diluted EPS of $(0.61); diluted adjusted EPS of $0.24
  • Free cash flow of $77 million, a year-over-year increase of $247 million

Headline financials

Total Revenue

$2.54B

Previous: $2.2B+15.0%
EPS (adj)

$0.24

Previous: $0.41-41.5%
Operating Cash Flow

$171M

Previous: -$75M+328.0%
Adjusted EBITDA

$192M

Previous: $210M-8.6%
Free Cash Flow

-$88M

Previous: $48M-283.3%
Net Income

-$88M

Previous: $48M-283.3%
Operating Income

-$101M

Previous: $94M-207.4%
Gross Profit

$203M

Previous: $206M-1.5%
Cash & Equivalents

$371M

Previous: $220M+68.6%
Total Assets

$7.66B

Previous: $7.58B+1.1%

Revenue & EPS history

Dana · Revenue · Quarterly

$2.54B

Q3 2022+15%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Dana · $1.55B total across 2 segments · Q3 2022

  • Light Vehicle
    $1.05B+14.1%
  • Commercial Vehicle
    $505M+27.5%

Forward guidance

The company reaffirmed its full-year 2022 financial targets.

Tailwinds

  • Sales of $10 to $10.2 billion
  • Adjusted EBITDA of $700 to $740 million, an implied adjusted EBITDA margin of approximately 7.1 percent at the midpoint of the range
  • 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

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 2022

Historical avgQ3 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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