Dana Expects FY24 Diluted EPS Of $0.35-$0.85, Adjusted EBITDA Of $875M-$975M, Implied Adjusted EBITDA Margin Of Approximately 8.5% At Midpoint Of The Range
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Dana Incorporated forecasts its FY24 diluted EPS to be between $0.35 and $0.85, with an Adjusted EBITDA of $875M-$975M, aiming for an 8.5% EBITDA margin at the midpoint of this range.
February 20, 2024 | 12:09 pm
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Dana Incorporated projects a FY24 diluted EPS of $0.35-$0.85 and an Adjusted EBITDA of $875M-$975M, with an 8.5% EBITDA margin at the midpoint.
Dana's forecast for FY24 indicates a positive outlook on its financial performance, with a significant expected increase in both EPS and Adjusted EBITDA. This projection could lead to increased investor confidence and potentially drive the stock price up in the short term. The specific mention of an 8.5% EBITDA margin at the midpoint further emphasizes the company's focus on profitability, which is a positive signal for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100