NYSE$DAN
Dana Holding Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Dana reported robust sales and profit growth in Q3 2023.
Dana Incorporated reported strong sales of $2.67 billion for the third quarter of 2023, a $134 million increase compared to the same period last year. Net income attributable to Dana was $19 million, or $0.13 per share, compared to a net loss of $88 million, or $0.61 per share, in the third quarter of 2022. Adjusted EBITDA for the third quarter of 2023 was $242 million, compared with $192 million for the same period in 2022.
- Sales of $2.7 billion, an increase of $134 million or 5 percent over last year
- Net income attributable to Dana of $19 million, an increase of $107 million over last year
- Diluted EPS of $0.13; diluted adjusted EPS of $0.30, an increase of $0.06 per share over last year
- Adjusted EBITDA of $242 million, an increase of $50 million or 26 percent over last year
Headline financials
Revenue & EPS history
Dana · Revenue · Quarterly
$2.67B
Revenue by segment
Dana · $1.62B total across 2 segments · Q3 2023
- Light Vehicle$1.08B+3.5%67.0%
- Commercial Vehicle$535M+5.9%33.0%
Forward guidance
Dana provided an update on its outlook, with sales of $10.7 billion assuming UAW strike through Oct. 31; $10.2 billion with strike through Dec. 31; Adjusted EBITDA of $850 million with strike through Oct. 31; $760 million with strike through Dec. 31.
Tailwinds
- Sales remain strong due to our broad global customer base and multiple-market presence
- High end of guidance assumption is that UAW strike is resolved for all Detroit 3 customers as of October 31
- Lower profit due to strike
- Cost savings actions
- Expect positive FCF in Q4
Headwinds
- Lower sales due to strike
- Lower free cash flow forecast primarily driven by higher working capital requirements, including higher strike-related inventory
- Higher inventory
- Lower sales driving lower collections
- 20% decremental margin due to strike-lowered 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 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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