Dana reports Q2 adjusted EPS 37c, consensus 17c

Reports Q2 revenue $2.75B, consensus $2.74B. “Dana had another strong quarter, with sales of $2.75 billion and a 250-basis-point margin improvement,” said James Kamsickas, Dana chairman and chief executive officer. “I am extremely proud of how the Dana team is executing across our operations, including a substantial number of launches for both electrified and traditional programs, as well as our ongoing transformation toward zero emissions. The challenging production environment has persisted, but we have positioned ourselves well to take advantage as supply chains and customer order patterns continue to stabilize. As a result, we expect our momentum to carry through the back half of the year as demand remains strong across each of our end markets.”