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Dana Inc (DAN.N)

DAN.N on New York Stock Exchange

20.49USD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Dana Launches Production Of Spicer Advantek Ultra Axle System In China
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Dana Inc ::DANA LAUNCHES PRODUCTION OF HIGH-EFFICIENCY SPICER® ADVANTEK® ULTRA™ AXLE SYSTEM IN CHINA.  Full Article

Dana Inc Says Zoomlion Has Selected Co To Supply Brevini Winch Drives, Slew Drives For Its First Line Of Mobile All-Terrain Cranes Offered In Europe
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Dana Inc ::DANA INC - ZOOMLION HAS SELECTED DANA TO SUPPLY BREVINI WINCH DRIVES, SLEW DRIVES FOR ITS FIRST LINE OF MOBILE ALL-TERRAIN CRANES OFFERED IN EUROPE.  Full Article

Dana Inc Says For 2020, Organic Sales Likely To Remain Flat
Monday, 11 Mar 2019 

March 11 (Reuters) - Dana Inc ::DANA INC - FOR 2020, ORGANIC SALES LIKELY TO REMAIN FLAT - SEC FILING.DANA INC - SEES CUMULATIVE ADJUSTED FCF OF ABOUT $2 BILLION FOR 2019T-23E.  Full Article

Dana Inc Entered Into Amendment To Credit, Guaranty Agreement
Friday, 1 Mar 2019 

March 1 (Reuters) - Dana Inc ::DANA INC - DANA ENTERED INTO AMENDMENT TO CREDIT AND GUARANTY AGREEMENT.DANA SAYS SECOND AMENDMENT AMENDS REVOLVING CREDIT AND GUARANTY AGREEMENT, DATED JUNE 9, 2016 - SEC FILING.DANA - SECOND AMENDMENT INCREASES AVAILABILITY UNDER CREDIT AGREEMENT FROM AGGREGATE COMMITTED AMOUNT OF $875 MILLION TO $1,700 MILLION.DANA INC - SECOND AMENDMENT INCREASES AVAILABILITY UNDER CREDIT AGREEMENT BY ADDING NEW TERM LOAN B TRANCHE IN AMOUNT OF $450 MILLION.DANA - SECOND AMENDMENT ALSO INCREASES EXISTING TERM LOAN A TRANCHE BY $225 MILLION TO $500 MILLION.DANA - PROCEEDS OF TERM B FACILITY AND PROCEEDS OF INCREMENTAL TERM A FACILITY WERE UTILIZED TO FINANCE ACQUISITION.DANA - SECOND AMENDMENT ALSO INCREASES EXISTING REVOLVING FACILITY BY $150 MILLION TO AN AGGREGATE AMOUNT OF $750 MILLION.DANA INC - REVOLVING FACILITY AND TERM A FACILITY EACH MATURE IN AUGUST 2022.DANA INC - TERM B FACILITY HAS A SEVEN-YEAR TERM AND MATURES IN FEBRUARY 2026.  Full Article

Dana Inc - Fourth Quarter Adjusted Earnings Per Share $0.71
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Dana Inc ::ACHIEVES RECORD ANNUAL SALES, PROFIT, AND MARGIN.Q4 ADJUSTED EARNINGS PER SHARE $0.71.Q4 EARNINGS PER SHARE $0.69.Q4 SALES $1.973 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.91 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.65 -- REFINITIV IBES DATA.AFFIRMED 2019 GUIDANCE.EXPECTS TO COMPLETE ACQUISITION OF OERLIKON DRIVE SYSTEMS BY MARCH 1, 2019.EXPECTS TO ACHIEVE SALES BACKLOG OF $700 MILLION THROUGH 2021.  Full Article

Dana Increases Electrified Product Offerings For Off-Highway Applications
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Dana Inc ::REASES ELECTRIFIED PRODUCT OFFERINGS FOR OFF-HIGHWAY APPLICATIONS WITH NEW SPICER® ELECTRIFIED™ E-AXLE, E-GEARBOX.E-GEARBOX IS WILL BE AVAILABLE FOR CUSTOMER TESTING IN SECOND HALF OF 2019.WILL DEBUT ITS ELECTRIFIED DRIVETRAIN SOLUTIONS IN APRIL AT BAUMA ALONGSIDE E-PROPULSION TECHNOLOGIES FROM SME GROUP.  Full Article

Dana Sees FY 2019 Sales Between $8.25 Bln And $8.55 Bln
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Dana Inc ::ORPORATED ANNOUNCES PRELIMINARY 2018 FINANCIAL RESULTS AND GUIDANCE FOR 2019.EXPECTS MORE THAN $1 BILLION IN SALES GROWTH IN 2019.SEES FY 2019 SALES $8.25 BILLION TO $8.55 BILLION.SEES 2019 FREE CASH FLOW OF APPROXIMATELY 4.0 PERCENT OF SALES.PRELIMINARY 2018 SALES OF $8.143 BILLION, AN INCREASE OF $934 MILLION.SEES 2019 DILUTED ADJUSTED EPS OF $2.90 TO $3.30; $2.95 TO $3.45 INCLUDING ODS.THREE-YEAR SALES BACKLOG REMAINS STRONG WITH $700 MILLION OF INCREMENTAL SALES EXPECTED FROM 2019 THROUGH 2021.SEES 2018 MARGIN OF 11.8 PERCENT OF SALES.PRELIMINARY ADJUSTED EBITDA FOR 2018 APPROXIMATED $957 MILLION, A $122 MILLION IMPROVEMENT OVER 2017.DANA'S THREE-YEAR SALES BACKLOG "REMAINS STRONG" WITH $700 MILLION OF INCREMENTAL SALES EXPECTED FROM 2019 THROUGH 2021..SEES 2019 OPERATING CASH FLOW OF APPROXIMATELY 8.0 PERCENT OF SALES.FY2018 REVENUE VIEW $8.08 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $3.26, REVENUE VIEW $8.48 BILLION -- REFINITIV IBES DATA.  Full Article

Dana Acquires SME Group; Enhances Electromobility Capabilities And Global Reach
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Dana Inc ::DANA ACQUIRES SME GROUP, ENHANCES ELECTROMOBILITY CAPABILITIES AND GLOBAL REACH.TRANSACTION IS EXPECTED TO CLOSE IN Q1 OF 2019.  Full Article

Dana Announces Pricing & Allocation Of Incremental Senior Secured Financing
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Dana Inc ::DANA ANNOUNCES PRICING AND ALLOCATION OF INCREMENTAL SENIOR SECURED FINANCING IN CONJUNCTION WITH OERLIKON DRIVE SYSTEMS ACQUISITION.DANA INC - COMPANY EXPECTS TO INCREASE ITS EXISTING TERM LOAN A FACILITY BY AN AGGREGATE PRINCIPAL AMOUNT OF $225 MILLION.DANA INC - EXPECTS TO ESTABLISH A NEW TERM LOAN B FACILITY IN AN AGGREGATE PRINCIPAL AMOUNT OF $450 MILLION.DANA INC - EXPECTS TO INCREASE ITS EXISTING REVOLVING FACILITY FROM $600 MILLION TO $750 MILLION.DANA INC - TERM LOAN B FACILITY PRICED AT LIBOR PLUS 225 BASIS POINTS, WILL HAVE A MATURITY OF SEVEN YEARS.DANA INC - DANA WILL ACQUIRE OERLIKON'S DRIVE SYSTEMS BUSINESS FOR CHF 600 MILLION.DANA INC - TRANSACTION, WHICH WILL BE IMMEDIATELY ACCRETIVE TO EARNINGS UPON CLOSING.  Full Article

Dana Inc Reports Q3 Adj. EPS of $0.77
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Dana Inc ::ORPORATED ANNOUNCES REVENUE AND PROFIT GROWTH IN THIRD QUARTER, AFFIRMS FULL-YEAR GUIDANCE RANGES.Q3 ADJUSTED EARNINGS PER SHARE $0.77.Q3 SALES $1.98 BILLION VERSUS I/B/E/S VIEW $1.93 BILLION.Q3 EARNINGS PER SHARE VIEW $0.76 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.75 TO $3.05.Q3 EARNINGS PER SHARE $0.65.FY2018 EARNINGS PER SHARE VIEW $2.95, REVENUE VIEW $8.07 BILLION -- THOMSON REUTERS I/B/E/S.COMPANY AFFIRMS 2018 GUIDANCE RANGES.  Full Article

RPT-INSIGHT-Sweet seats and candy canes: Inside Fiat Chrysler's Toledo turnaround

(Repeats to additional customers with no changes to text) By Nick Carey and Ben Klayman TOLEDO, Ohio, April 8 Lots of workplaces have a hot seat. At the Jeep assembly plant in Toledo, Ohio, there is a "sweet seat." In the production line where Jeep Wrangler sport utility vehicles are made at the rate of about one a minute, a panel must be screwed into the bottom of the vehicle. It used to be back-breaking work for two union members to carry the panel and screw it on as t