Dana Incorporated Provides Business Update, Announces Preliminary Full-Year 2024 Financial Results and 2025 Guidance; Increases Expected Annualized Total Cost Reduction Savings to $300 Million
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Dana Incorporated announced preliminary financial results for 2024, with sales of $10.3 billion and an adjusted EBITDA of $885 million. The company also provided 2025 guidance and plans to simplify its structure, including the proposed sale of its Off-Highway business, aiming for $300 million in cost savings.
January 24, 2025 | 12:15 pm
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Dana Incorporated reported 2024 sales of $10.3 billion and an adjusted EBITDA of $885 million, with a margin improvement. The company plans to simplify its structure and potentially sell its Off-Highway business, targeting $300 million in cost savings.
The announcement of improved financial results and a clear strategy for cost reduction and potential asset sale is likely to positively impact Dana's stock price. The $300 million cost savings and improved EBITDA margin indicate operational efficiency, which is favorable for investors.
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