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Mar 31, 2021
Dana Q1 2021 Earnings Report
Reported strong first-quarter financial results, including higher sales and raised full-year guidance.
Key Takeaways
Dana Incorporated reported a strong first quarter in 2021 with sales of $2.3 billion, a net income of $71 million, and an adjusted EBITDA of $234 million. The company raised its full-year guidance due to the strong sales performance and recovery in end-markets.
Sales increased by $337 million to $2.3 billion.
Net income attributable to Dana increased by $13 million to $71 million.
Adjusted EBITDA was $234 million, representing 10.3% of sales.
Operating cash flow was $27 million.
Dana
Dana
Forward Guidance
Dana increased its full-year guidance as markets continue to recover from the challenges of the global pandemic.
Positive Outlook
- Sales of $8.50 to $9.00 billion
- Adjusted EBITDA of $920 million to $1.0 billion, an implied adjusted EBITDA margin of approximately 11 percent at the midpoint of the range
- Diluted adjusted EPS of $2.10 to $2.60
- Operating cash flow of approximately 7 to 8 percent of sales
- Adjusted free cash flow of approximately 3 to 3.5 percent of sales