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Jun 30, 2020
Dana Q2 2020 Earnings Report
Dana's financial performance was impacted by the global pandemic, resulting in a net loss and sales decrease, but the company took actions to conserve cash and maximize liquidity.
Key Takeaways
Dana Incorporated reported a challenging second quarter in 2020, with sales significantly impacted by the COVID-19 pandemic. The company experienced a net loss, but implemented cost management and cash conservation measures to mitigate the financial impact. They maintain a strong liquidity position and are focused on growth across multiple end-markets.
Sales decreased to $1.08 billion due to weaker demand across all mobility markets.
Net loss was $174 million, impacted by higher income tax expense.
Adjusted EBITDA was a loss of $5 million, compared to a profit of $286 million in the same period last year.
Diluted adjusted EPS was a loss of $0.69, compared to earnings of $0.87 in the same period last year.
Revenue by Segment
Forward Guidance
Due to the unprecedented disruption in our end markets as a result of the COVID-19 pandemic, and associated economic uncertainty, the company believes it is prudent to refrain from issuing full-year financial guidance until there is further stabilization in end-market demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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