Dana Holding Corp ( (DAN) ) has released its Q4 earnings. Here is a breakdown of the information Dana Holding Corp presented to its investors.
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Dana Incorporated, based in Maumee, Ohio, is a global leader in the design and manufacture of propulsion and energy-management solutions for vehicles across various mobility markets. The company offers both conventional and clean-energy solutions to support vehicle manufacturers with drive and motion systems, electrodynamic technologies, and thermal, sealing, and digital solutions.
In its latest earnings report for 2024, Dana Incorporated announced a notable improvement in its adjusted EBITDA, which increased by $40 million compared to the previous year. Despite facing a net loss of $57 million, the company showed progress with an adjusted net income rise to $136 million and an adjusted EBITDA margin improvement of 60 basis points. The report highlighted a significant achievement in cost reduction, with $300 million anticipated in annualized savings.
Dana’s financial metrics for 2024 showed sales of $10.3 billion, a slight decline from the previous year, attributed to lower demand in certain vehicle markets. The company also reported a free cash flow of $70 million, up by $95 million from 2023, driven by enhanced profit margins and reduced capital spending. A notable achievement was Dana’s three-year new business sales backlog of $650 million, indicating strong future prospects.
Looking ahead, Dana’s management remains optimistic about 2025, forecasting a 10% increase in adjusted EBITDA and a $155 million rise in free cash flow. The company’s strategic focus on efficiency improvements and cost-saving measures is expected to drive higher margins and value creation for shareholders.
Dana’s leadership expresses confidence in the company’s ability to continue its trajectory of profitable growth, emphasizing ongoing efforts to streamline operations and optimize capital expenditures. With a commitment to shareholder value, Dana aims to leverage its strategic initiatives for further market success.
