Quarterly ResultAug 6, 2026, 07:07 AM
Dana Q2 Sales $2.01B, Adj. EBITDA $207M; Raises FY Guidance
AI Summary
Dana Incorporated reported strong second-quarter 2026 financial results, with sales increasing 4% to $2.01 billion and adjusted EBITDA rising to $207 million, reflecting improved margins. The company also raised its full-year 2026 guidance for both sales and adjusted EBITDA, citing stronger market conditions and cost-reduction efforts. Additionally, Dana announced the restart of its share repurchase program, returning $44 million to shareholders in Q2 and planning an additional $200 million in repurchases for the remainder of the year. The planned Eaton Mobility transaction remains on track for a first-quarter 2027 close.
Key Highlights
- Q2 2026 sales increased 4% to $2.01 billion from $1.94 billion in Q2 2025.
- Adjusted EBITDA rose to $207 million, up $60 million from $147 million in Q2 2025.
- Adjusted EBITDA margin improved to 10.3%, a 270 basis point increase year-over-year.
- Diluted EPS from continuing operations was $0.06, compared to a loss of $0.11 in Q2 2025.
- Operating cash flow was $109 million, up from $32 million in Q2 2025.
- Full-year 2026 sales guidance increased by ~$225 million to $7.65-$7.85 billion.
- Full-year 2026 adjusted EBITDA guidance increased by ~$25 million to $800-$850 million.
- Restarted share repurchase program, buying back 1.2 million shares for $44 million in Q2, with plans for an additional ~$200 million in 2026.
Price Impact
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