Dana Holding Stock Earnings Reports

Dana delivered a strong start to 2026 with revenue of $1.868 billion and adjusted EBITDA of $171 million (9.2% margin), a 400-basis-point year-over-year margin improvement. Management highlighted continued execution on the Dana 2030 strategy: a $10 billion revenue target by 2030, 14%–15% adjusted EBITDA margins and ~6% free cash flow margin. Key operational accomplishments in Q1 included $35 million of realized cost reductions, $125 million of share repurchases (4.4 million shares) and a significant new business win supplying front and rear axles for the RAM Dakota program (~$250 million annual sales, launches early 2028). Backlog improved to $950 million 3-year net new sales (up from $750 million), moving roughly $250 million of growth nearer-term and increasing secured backlog. Management remains on track with cost-saving targets ($65 million for 2026, $325 million program total) and shareholder return targets ($300 million repurchase target for 2026; $2 billion through 2030). CFO guidance for 2026 (continuing operations) remains unchanged: sales midpoint ~ $7.5 billion, adjusted EBITDA ~ $800 million (~10.6% margin at midpoint), adjusted EPS ~$2.50, and adjusted free cash flow ~ $300 million. Management expects to be toward the upper end of the guidance range driven by currency, tariff recoveries, accretive new business and continued cost/performance improvements. Near-term cash use included working capital dynamics (Q1 adjusted free cash flow was a use of $195 million) and planned one-time lease buyouts (tens of millions) financed from proceeds of the Off-Highway sale. Seasonality: margins and cash flow are likely stronger in Q2–Q3 with some third-quarter weighting. Management reaffirmed the Dana 2030 milestones and emphasized profitable growth, margin expansion and improving free cash flow conversion.