Dana Holding Stock Earnings Reports

Dana reported Q3 2025 results (continuing operations only) with sales of $1.917B and adjusted EBITDA of $162M (8.5% margin), a $51M YoY improvement driven by accelerated cost savings, pricing/performance and currency benefits. Management narrowed full-year guidance and raised midpoint adjusted EBITDA by ~$15M to roughly $590M and increased full-year adjusted free cash flow guidance to about $275M at the midpoint, citing faster realization of cost savings (now $183M realized toward an increased $235M target for 2025 and $310M run rate target). Operational positives include completed/substantially complete restructuring actions, improving tariff recovery (upper-80% recovery outlook), successful share repurchases (>20% of shares repurchased year-to-date) and expected close of the Off-Highway divestiture in Q4. Headwinds remain: Commercial Vehicle demand weakness (notably North America and Brazil), some EV program cancellations (Q3 charges of roughly $8–10M that management expects to recover in Q4), magnet supply constraints that eased in Q3, and higher net interest expense from buybacks. Management reiterated a 10–10.5% EBITDA margin target for 2026 and expressed confidence in additional margin upside via footprint rationalization, automation investment, and continued program wins. They plan a detailed backlog/revised roadmap in a January analyst call.