Dana Q3 Earnings Call Highlights

Dana Incorporated (DAN) announced that $357.9M in principal amounts of its 2030 and 2032 senior notes were tendered by the deadline. The company plans to accept the amounts specified in its offer. This update relates to debt management, not operating results.

Dana Incorporated (DAN) completed tender offers for its 4.250% Senior Notes due 2030 and 4.500% Senior Notes due 2032, accepting $357,873,000 in notes. The company will pay specified consideration and accrued interest on November 17, 2026. Remaining notes may have covenants defeased.

Dana Incorporated (NYSE: DAN) launched tender offers to buy its 4.250% Senior Notes due 2030 and 4.500% Senior Notes due 2032. The offers, expiring November 13, 2026, aim to purchase all outstanding notes. The consideration is based on U.S. Treasury reference rates. The company may defease covenants if notes remain outstanding.

Dana Inc. (NYSE: DAN) expects to close its deal with Eaton's Mobility Group by Q1 2027, boosting revenue to over $11B and EBITDA margins to 15%. The deal aims to generate $250M in synergies and expand Dana's powertrain and aftermarket businesses. Dana is also focusing on core electrification platforms and has authorized a $2B share repurchase program.

Dana Incorporated reported Q3 sales and adjusted EBITDA growth year-over-year. The company raised its full-year sales guidance to approximately $7.8 billion. Additionally, the planned combination with Eaton Mobility is expected to close by the end of Q1 2027, with targeted annual synergies of $250 million within two years, according to the company.

Dana Inc (DAN) reported Q3 2026 sales up 6.3% and adjusted EBITDA up 35%, but adjusted free cash flow fell to $66M from $101M. Challenges include soft light vehicle production, inflation, and geopolitical conflicts. Full-year EBITDA guidance remains at $825M. Management expects $75M in synergies from the Eaton deal in 2027, with $250M in transaction costs. Margins are targeted at 15% by 2030, with 2027 growth expected.