Dana Reiterated FY24 Diluted EPS Outlook At $0.35-$0.85 vs. $0.73 Est., Adjusted EBITDA At $875M-$975M, Implied Adjusted EBITDA Margin Of Approximately 8.5% At Midpoint Of The Range
Portfolio Pulse from Benzinga Newsdesk
Dana Incorporated has reaffirmed its fiscal year 2024 diluted EPS outlook to be in the range of $0.35 to $0.85, compared to the estimated $0.73. Additionally, the company expects its adjusted EBITDA to be between $875 million and $975 million, with an implied adjusted EBITDA margin of approximately 8.5% at the midpoint of the range.
April 30, 2024 | 11:13 am
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Dana Incorporated reaffirms its FY24 EPS outlook of $0.35-$0.85 against an estimated $0.73 and expects adjusted EBITDA between $875M-$975M, with an 8.5% margin at the midpoint.
Dana's reaffirmation of its FY24 financial outlook, including EPS and adjusted EBITDA, indicates stability in its financial planning and operational expectations. This stability is likely to be viewed neutrally by investors as it aligns with current estimates, suggesting no significant positive or negative surprises in the company's financial health or operational efficiency. The detailed financial metrics provided, including the EPS range and adjusted EBITDA, offer a clear view of the company's expectations, supporting investor confidence in the company's financial management and strategic direction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100