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Jun 30, 2021
Dana Q2 2021 Earnings Report
Dana reported robust financial results driven by strong demand.
Key Takeaways
Dana Incorporated reported strong second-quarter results with sales reaching $2.2 billion, a net income of $53 million, and an adjusted EBITDA of $233 million. The company is managing supply-chain challenges and remains focused on expanding its vehicle electrification business.
Sales of $2.2 billion, an increase of $1.1 billion
Net income attributable to Dana of $53 million, an increase of $227 million
Diluted EPS of $0.36, an increase of $1.56
Adjusted EBITDA of $233 million, an increase of $238 million
Forward Guidance
Dana is maintaining its full-year guidance ranges but indicating that sales will likely be at the higher end due to strong market demand.
Positive Outlook
- Sales of $8.5 to $9.0 billion
- Adjusted EBITDA of $920 million to $1.0 billion
- Implied adjusted EBITDA margin of range of approximately 10.5 to 11 percent
- Diluted adjusted EPS of $2.10 to $2.60
- Operating cash flow of approximately 7 percent of sales
Challenges Ahead
- Net income and diluted EPS guidance are not provided
- Difficulty of projecting event-driven transactional and other non-core operating items
- Restructuring actions
- Asset impairments
- Income tax valuation adjustments
Historical Earnings Impact
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Avg. Return Before/After Earnings
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