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Dana Inc (DAN.N)

DAN.N on New York Stock Exchange

16.54USD
14 Jun 2019
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$-0.41 (-2.42%)
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Latest Key Developments (Source: Significant Developments)

Dana Launches Production Of Spicer Advantek Ultra Axle System In China
Wednesday, 17 Apr 2019 07:00am EDT 

April 17 (Reuters) - Dana Inc ::DANA LAUNCHES PRODUCTION OF HIGH-EFFICIENCY SPICER® ADVANTEK® ULTRA™ AXLE SYSTEM IN CHINA.  Full Article

Dana Inc Says Zoomlion Has Selected Co To Supply Brevini Winch Drives, Slew Drives For Its First Line Of Mobile All-Terrain Cranes Offered In Europe
Tuesday, 2 Apr 2019 07:00am EDT 

April 2 (Reuters) - Dana Inc ::DANA INC - ZOOMLION HAS SELECTED DANA TO SUPPLY BREVINI WINCH DRIVES, SLEW DRIVES FOR ITS FIRST LINE OF MOBILE ALL-TERRAIN CRANES OFFERED IN EUROPE.  Full Article

Dana Inc Says For 2020, Organic Sales Likely To Remain Flat
Monday, 11 Mar 2019 09:15am EDT 

March 11 (Reuters) - Dana Inc ::DANA INC - FOR 2020, ORGANIC SALES LIKELY TO REMAIN FLAT - SEC FILING.DANA INC - SEES CUMULATIVE ADJUSTED FCF OF ABOUT $2 BILLION FOR 2019T-23E.  Full Article

Dana Inc Entered Into Amendment To Credit, Guaranty Agreement
Friday, 1 Mar 2019 07:18am EST 

March 1 (Reuters) - Dana Inc ::DANA INC - DANA ENTERED INTO AMENDMENT TO CREDIT AND GUARANTY AGREEMENT.DANA SAYS SECOND AMENDMENT AMENDS REVOLVING CREDIT AND GUARANTY AGREEMENT, DATED JUNE 9, 2016 - SEC FILING.DANA - SECOND AMENDMENT INCREASES AVAILABILITY UNDER CREDIT AGREEMENT FROM AGGREGATE COMMITTED AMOUNT OF $875 MILLION TO $1,700 MILLION.DANA INC - SECOND AMENDMENT INCREASES AVAILABILITY UNDER CREDIT AGREEMENT BY ADDING NEW TERM LOAN B TRANCHE IN AMOUNT OF $450 MILLION.DANA - SECOND AMENDMENT ALSO INCREASES EXISTING TERM LOAN A TRANCHE BY $225 MILLION TO $500 MILLION.DANA - PROCEEDS OF TERM B FACILITY AND PROCEEDS OF INCREMENTAL TERM A FACILITY WERE UTILIZED TO FINANCE ACQUISITION.DANA - SECOND AMENDMENT ALSO INCREASES EXISTING REVOLVING FACILITY BY $150 MILLION TO AN AGGREGATE AMOUNT OF $750 MILLION.DANA INC - REVOLVING FACILITY AND TERM A FACILITY EACH MATURE IN AUGUST 2022.DANA INC - TERM B FACILITY HAS A SEVEN-YEAR TERM AND MATURES IN FEBRUARY 2026.  Full Article

Dana Inc - Fourth Quarter Adjusted Earnings Per Share $0.71
Friday, 15 Feb 2019 06:59am EST 

Feb 15 (Reuters) - Dana Inc ::ACHIEVES RECORD ANNUAL SALES, PROFIT, AND MARGIN.Q4 ADJUSTED EARNINGS PER SHARE $0.71.Q4 EARNINGS PER SHARE $0.69.Q4 SALES $1.973 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.91 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.65 -- REFINITIV IBES DATA.AFFIRMED 2019 GUIDANCE.EXPECTS TO COMPLETE ACQUISITION OF OERLIKON DRIVE SYSTEMS BY MARCH 1, 2019.EXPECTS TO ACHIEVE SALES BACKLOG OF $700 MILLION THROUGH 2021.  Full Article

Dana Increases Electrified Product Offerings For Off-Highway Applications
Wednesday, 30 Jan 2019 07:00am EST 

Jan 30 (Reuters) - Dana Inc ::REASES ELECTRIFIED PRODUCT OFFERINGS FOR OFF-HIGHWAY APPLICATIONS WITH NEW SPICER® ELECTRIFIED™ E-AXLE, E-GEARBOX.E-GEARBOX IS WILL BE AVAILABLE FOR CUSTOMER TESTING IN SECOND HALF OF 2019.WILL DEBUT ITS ELECTRIFIED DRIVETRAIN SOLUTIONS IN APRIL AT BAUMA ALONGSIDE E-PROPULSION TECHNOLOGIES FROM SME GROUP.  Full Article

Dana Sees FY 2019 Sales Between $8.25 Bln And $8.55 Bln
Tuesday, 15 Jan 2019 06:59am EST 

Jan 15 (Reuters) - Dana Inc ::ORPORATED ANNOUNCES PRELIMINARY 2018 FINANCIAL RESULTS AND GUIDANCE FOR 2019.EXPECTS MORE THAN $1 BILLION IN SALES GROWTH IN 2019.SEES FY 2019 SALES $8.25 BILLION TO $8.55 BILLION.SEES 2019 FREE CASH FLOW OF APPROXIMATELY 4.0 PERCENT OF SALES.PRELIMINARY 2018 SALES OF $8.143 BILLION, AN INCREASE OF $934 MILLION.SEES 2019 DILUTED ADJUSTED EPS OF $2.90 TO $3.30; $2.95 TO $3.45 INCLUDING ODS.THREE-YEAR SALES BACKLOG REMAINS STRONG WITH $700 MILLION OF INCREMENTAL SALES EXPECTED FROM 2019 THROUGH 2021.SEES 2018 MARGIN OF 11.8 PERCENT OF SALES.PRELIMINARY ADJUSTED EBITDA FOR 2018 APPROXIMATED $957 MILLION, A $122 MILLION IMPROVEMENT OVER 2017.DANA'S THREE-YEAR SALES BACKLOG "REMAINS STRONG" WITH $700 MILLION OF INCREMENTAL SALES EXPECTED FROM 2019 THROUGH 2021..SEES 2019 OPERATING CASH FLOW OF APPROXIMATELY 8.0 PERCENT OF SALES.FY2018 REVENUE VIEW $8.08 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $3.26, REVENUE VIEW $8.48 BILLION -- REFINITIV IBES DATA.  Full Article

Dana Acquires SME Group; Enhances Electromobility Capabilities And Global Reach
Tuesday, 15 Jan 2019 12:45am EST 

Jan 15 (Reuters) - Dana Inc ::DANA ACQUIRES SME GROUP, ENHANCES ELECTROMOBILITY CAPABILITIES AND GLOBAL REACH.TRANSACTION IS EXPECTED TO CLOSE IN Q1 OF 2019.  Full Article

Dana Announces Pricing & Allocation Of Incremental Senior Secured Financing
Monday, 19 Nov 2018 02:30pm EST 

Nov 19 (Reuters) - Dana Inc ::DANA ANNOUNCES PRICING AND ALLOCATION OF INCREMENTAL SENIOR SECURED FINANCING IN CONJUNCTION WITH OERLIKON DRIVE SYSTEMS ACQUISITION.DANA INC - COMPANY EXPECTS TO INCREASE ITS EXISTING TERM LOAN A FACILITY BY AN AGGREGATE PRINCIPAL AMOUNT OF $225 MILLION.DANA INC - EXPECTS TO ESTABLISH A NEW TERM LOAN B FACILITY IN AN AGGREGATE PRINCIPAL AMOUNT OF $450 MILLION.DANA INC - EXPECTS TO INCREASE ITS EXISTING REVOLVING FACILITY FROM $600 MILLION TO $750 MILLION.DANA INC - TERM LOAN B FACILITY PRICED AT LIBOR PLUS 225 BASIS POINTS, WILL HAVE A MATURITY OF SEVEN YEARS.DANA INC - DANA WILL ACQUIRE OERLIKON'S DRIVE SYSTEMS BUSINESS FOR CHF 600 MILLION.DANA INC - TRANSACTION, WHICH WILL BE IMMEDIATELY ACCRETIVE TO EARNINGS UPON CLOSING.  Full Article

Dana Inc Reports Q3 Adj. EPS of $0.77
Monday, 29 Oct 2018 06:59am EDT 

Oct 29 (Reuters) - Dana Inc ::ORPORATED ANNOUNCES REVENUE AND PROFIT GROWTH IN THIRD QUARTER, AFFIRMS FULL-YEAR GUIDANCE RANGES.Q3 ADJUSTED EARNINGS PER SHARE $0.77.Q3 SALES $1.98 BILLION VERSUS I/B/E/S VIEW $1.93 BILLION.Q3 EARNINGS PER SHARE VIEW $0.76 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.75 TO $3.05.Q3 EARNINGS PER SHARE $0.65.FY2018 EARNINGS PER SHARE VIEW $2.95, REVENUE VIEW $8.07 BILLION -- THOMSON REUTERS I/B/E/S.COMPANY AFFIRMS 2018 GUIDANCE RANGES.  Full Article

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Pence to visit Michigan to tout new North American trade deal

WASHINGTON U.S. Vice President Mike Pence will visit southeast Michigan on Wednesday to make the case that the North American trade deal intended to replace NAFTA would boost the auto industry, the White House said on Tuesday.