Quarterly ResultApr 29, 2026, 07:02 AM
DAN Q1 Sales $1.9B, Adj EBITDA $171M; Maintains FY Guidance
AI Summary
Dana Incorporated reported strong first-quarter 2026 financial results, with sales increasing to $1.87 billion and adjusted EBITDA reaching $171 million, significantly higher than the prior year. The company maintained its full-year guidance and announced a new business award with Stellantis for the RAM Dakota program, adding approximately $950 million to its three-year net new sales backlog. Dana also completed the sale of its Off-Highway business and repurchased $125 million in shares.
Key Highlights
- Announced new business win with Stellantis for RAM Dakota program, adding $950 million to three-year net new sales backlog.
- Q1 2026 Sales of $1.87 billion, a 5% increase over Q1 2025.
- Q1 2026 Adjusted EBITDA of $171 million, $78 million higher than Q1 2025.
- Achieved 9.2% adjusted EBITDA margin in Q1, up 400 basis points year-over-year.
- Completed the sale of the Off-Highway business.
- Achieved $35 million in additional cost savings.
- Repurchased 4.4 million shares, returning $125 million to shareholders.
- Maintained full-year 2026 guidance: Sales $7.30-$7.70 billion, Adjusted EBITDA $750-$850 million.