Quarterly ResultMay 15, 2026, 04:38 PM
Dana Q1 Net Income $1.09B, EPS $9.89; Off-Highway Divestment Boosts Results
AI Summary
Dana Incorporated reported a significant increase in Q1 2026 net income to $1.09 billion, or $9.89 diluted EPS, primarily driven by net income from discontinued operations, including the divestment of its Off-Highway business. Net sales for the quarter rose 4.9% to $1.87 billion, and Adjusted EBITDA increased 83.9% to $171 million, reflecting strong operational performance. The company also significantly reduced short-term and long-term debt and repurchased common stock, though adjusted free cash flow deteriorated.
Key Highlights
- Net income attributable to parent company surged to $1,087 million in Q1 2026 from $25 million in Q1 2025.
- Diluted EPS increased to $9.89 in Q1 2026 from $0.17 in Q1 2025, largely due to discontinued operations.
- Net sales grew 4.9% to $1,868 million in Q1 2026 compared to $1,781 million in Q1 2025.
- Adjusted EBITDA increased 83.9% to $171 million in Q1 2026 from $93 million in Q1 2025.
- Light Vehicle segment sales rose 4.6% to $1,269 million, and Commercial Vehicle sales increased 5.5% to $599 million.
- Short-term debt was reduced to $0 from $615 million, and long-term debt decreased to $1,236 million from $2,566 million.
- The company repurchased $125 million of common stock during the quarter.
- Adjusted free cash flow was negative $195 million in Q1 2026, compared to negative $101 million in Q1 2025.
Price Impact
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