Quarterly ResultMay 15, 2026, 12:56 PM
Dana Q1 Net Income $1.09B on Off-Highway Divestment Gain
AI Summary
Dana Inc. reported a significant increase in Q1 2026 net income to $1.09 billion, primarily driven by a $1.19 billion pre-tax gain from the sale of its Off-Highway business. Net sales for the quarter rose to $1.87 billion. The company also expanded its share repurchase program to $2.00 billion through 2030 and repurchased $125 million in shares during the quarter. Additionally, Dana completed the redemption of Hydro-Québec's noncontrolling interest for $190 million.
Key Highlights
- Completed sale of Off-Highway business, recognizing $1,191M pre-tax gain.
- Net income attributable to parent company surged to $1,087M from $25M YoY.
- Basic EPS increased to $9.89 from $0.17 in the prior year quarter.
- Net sales grew to $1,868M in Q1 2026 from $1,781M YoY.
- Share repurchase program expanded to $2,000M through December 2030.
- Repurchased $125M of common stock during Q1 2026.
- Redeemed Hydro-Québec noncontrolling interest for $190M.
Price Impact
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