24/7 Market News Snapshot 24 January, 2025 – Dana Incorporated (NYSE:DAN)

January 24, 2025

DENVER, Colo., 24 January, 2025 (247marketnews.com) – (NYSE:DAN) are discussed in this article.
Dana Incorporated is experiencing a notable surge in its stock performance, having opened at $15.30 and currently trading at $15.185, marking an impressive intraday change of approximately 14.78%. The previous session ended at $13.230, reflecting increased bullish momentum driven by a significant trading volume of 5.89 million shares. This investor interest comes in the wake of positive developments and earnings reports. Analysts indicate that maintaining the stock price above the $15 threshold could establish a new support level, potentially paving the way for additional gains, while a fall below this mark may signal a market pullback.

In parallel, Dana has published its preliminary, unaudited financial results for the year ending December 31, 2024, showcasing a strong commitment to strategic enhancements and efficiency in the automotive sector. The company reported total sales of approximately $10.3 billion, with an adjusted EBITDA around $885 million, resulting in an adjusted EBITDA margin of 8.6 percent. This marks a significant enhancement compared to the prior year, highlighting the effectiveness of Dana’s measures to improve its cost structure amidst challenging market conditions.

R. Bruce McDonald, chairman and CEO, expressed optimism about the company’s trajectory, emphasizing the initial success of their strategic plans aimed at creating value in a rapidly evolving market. To bolster operational efficiency, Dana is set to implement a revised organizational structure in 2025, focusing on two primary segments: Light Vehicle Systems and Commercial Vehicle Systems.

Additionally, Dana is advancing its plans to divest its Off-Highway business segment, which is expected to optimize shareholder value. The anticipated proceeds from this transaction will likely be directed towards strengthening the company’s balance sheet. For 2025, Dana has outlined financial objectives, forecasting sales between $9.525 billion and $10.025 billion, with adjusted EBITDA ranging from $925 million to $1,025 million. Despite projections of lower sales due to decreased demand, Dana emphasizes that its strategic cost-saving initiatives will enhance margins and sustain robust free cash flow performance, positioning the company to capitalize on opportunities within the traditional and electric vehicle markets.

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