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Sep 30, 2022
Dana Q3 2022 Earnings Report
Reported strong financial results with higher sales and free cash flow.
Key Takeaways
Dana Incorporated reported strong third-quarter 2022 financial results, featuring sales of $2.54 billion and free cash flow of $77 million. The company reaffirmed its full-year financial targets despite ongoing supply and production disruptions and record inflationary costs.
Sales of $2.54 billion, an increase of $331 million
Net loss attributable to Dana of $88 million; includes a non-cash goodwill impairment charge
Diluted EPS of $(0.61); diluted adjusted EPS of $0.24
Free cash flow of $77 million, a year-over-year increase of $247 million
Dana
Dana
Forward Guidance
The company reaffirmed its full-year 2022 financial targets.
Positive Outlook
- Sales of $10 to $10.2 billion
- Adjusted EBITDA of $700 to $740 million, an implied adjusted EBITDA margin of approximately 7.1 percent at the midpoint of the range
- Diluted adjusted EPS of $0.60 to $0.90
- Operating cash flow of approximately 6.2 to 6.5 percent of sales
- Free cash flow of approximately 1.8 to 2.2 percent of sales