NYSE$DAN

Dana Holding Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Dana's financial performance was impacted by higher input costs, including commodities, transportation, labor, and energy combined with production inefficiencies driven by inconsistent customer order patterns.

Dana Incorporated reported fourth-quarter sales of $2.27 billion, a $165 million increase compared to the same period in 2020. Net income attributable to Dana was $25 million, a decrease from $40 million in the same period of 2020. Adjusted EBITDA was $118 million, compared to $192 million for the same period in 2020. Diluted adjusted earnings per share were negligible, compared with $0.24 in the same period of the prior year.

  • Sales for the fourth quarter of 2021 totaled $2.27 billion, compared with $2.11 billion in the same period of 2020.
  • Net income attributable to Dana was $25 million for the fourth quarter of 2021, compared with $40 million in the same period of 2020.
  • Adjusted EBITDA for the fourth quarter of 2021 was $118 million, compared with $192 million for the same period in 2020.
  • Diluted adjusted earnings per share were negligible in the fourth quarter of 2021, compared with $0.24 in the same period of the prior year.

Headline financials

Total Revenue

$2.27B

Previous: $2.11B+7.8%
EPS (adj)

$0.17

Previous: $0.24-28.5%
Adjusted EBITDA

$118M

No prior period
Free Cash Flow

-$2M

No prior period
Net Income

$29M

Previous: $40M-27.5%
Operating Income

$73M

Previous: $91M-19.8%
Gross Profit

$128M

Previous: $211M-39.3%
Cash & Equivalents

$268M

Previous: $559M-52.1%
Total Assets

$7.63B

Previous: $7.38B+3.5%

Revenue & EPS history

Dana · Revenue · Quarterly

$2.27B

Q4 2021+7.8%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Dana · $1.37B total across 2 segments · Q4 2021

  • Light Vehicle
    $974M
  • Commercial Vehicle
    $400M

Forward guidance

Dana provided financial targets for 2022, including sales of $9.6 to $10.1 billion, Adjusted EBITDA of $900 million to $1.0 billion, diluted adjusted EPS of $2.05 to $2.55, operating cash flow of approximately 6.5 to 7.5 percent of sales, and free cash flow of approximately 2.5 to 3.5 percent of sales.

Tailwinds

  • Sales of $9.6 to $10.1 billion
  • Adjusted EBITDA of $900 million to $1.0 billion
  • Implied adjusted EBITDA margin of approximately 9.6 percent at the midpoint of the range
  • Diluted adjusted EPS of $2.05 to $2.55
  • Operating cash flow of approximately 6.5 to 7.5 percent of sales

Headwinds

  • Net income guidance not provided
  • Diluted EPS guidance not provided
  • Difficulty of projecting event-driven transactional and other non-core operating items
  • Includes restructuring actions
  • Asset impairments, and income tax valuation adjustments

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 Q4 2021

Historical avgQ4 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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