Q2 2026 Dana Inc Earnings Call Transcript

Aug 6, 2026 / 01:00 PM GMT

Release Date Price: $27.32 (-2.50%)

Transcript 10-Q8-K

Key Points

Positve

Strong Q2 2026 results with sales of $2 billion and adjusted EBITDA margin expanding 270 basis points to 10.3%.
Cost savings program on track, delivering $19 million in Q2 and $54 million year-to-date, with a target of $65 million for 2026.
Restarting share repurchase program with $200 million planned for the remainder of 2026, bringing total to over $1 billion.
Eaton Mobility transaction progressing well, with a split-off structure that is tax-free and expected to close in Q1 2027.
Raising full-year 2026 guidance for sales, adjusted EBITDA, and adjusted free cash flow due to stronger commercial vehicle demand.
New aftermarket partnerships (e.g., Viper) and defense program wins are driving incremental sales growth.
Adjusted free cash flow improved significantly to $68 million in Q2, up $75 million year-over-year.
Net interest expense declined 59% year-over-year due to debt reduction actions.
Strong customer recognition for quality, delivery, and competitiveness from major OEMs.
Clear plan for at least $250 million in cost synergies from Eaton Mobility, with a payback period of less than two years.

Negative

Adjusted EPS guidance lowered to approximately $2.00 per share due to higher depreciation, interest, and lower equity earnings from China JVs.
Expecting a one-time $20 million US union contract signing bonus in Q3 2026, which will impact profitability.
Commodity-related headwinds of approximately $10 million due to recovery timing.
Lower equity earnings from China joint ventures are a headwind to net income.
Higher depreciation expense and net interest costs are pressuring earnings despite improved operational performance.
Commercial vehicle market mix is dilutive to overall adjusted EBITDA margin, keeping margin at 10.6% despite higher sales.
North American Class 5-7 and bus production volumes are weaker, offsetting some Class 8 strength.
Stranded costs of $40 million from the off-highway divestiture remain a drag on profitability.
Potential 24-month pause in share repurchases post-Eaton closing if not resolved, limiting capital returns.
Tax expense is higher due to jurisdictional mix and improved earnings, impacting net income.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DAN.N - Dana Inc
Q2 2026 Dana Inc Earnings Call
Aug 06, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Dana Incorporated's second quarter 2026 financial webcast and conference call. My name is Regina and I will be your conference facilitator. Please be advised that our meeting today, both the speaker's remarks and Q&A session will be recorded for replay purposes. For those participants who would like to access the call from the webcast, please reference the URL on our website and sign in as a guest.

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