Dana Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 06:59 am EDT
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Dana Incorporated reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 2,669 million compared to USD 2,535 million a year ago. Net income was USD 19 million compared to net loss of USD 88 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of USD 0.61 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to diluted loss per share from continuing operations of USD 0.61 a year ago.
For the nine months, sales was USD 8,061 million compared to USD 7,601 million a year ago. Net income was USD 77 million compared to net loss of USD 63 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to basic loss per share from continuing operations of USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to diluted loss per share from continuing operations of USD 0.44 a year ago.
Dana Incorporated is engaged in providing power-conveyance and energy-management solutions for vehicles and machinery. The Company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. It offers axles, driveshafts, transmissions, sealing and thermal products to electrifications products including motors, inverters, controllers, e-sealing, e-thermal and digital solutions. The Company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Company owns and have licensed trademarks, such as Spicer Electrified, Victor Reinz, Long, Graziano and Dana TM4. The Company operates in North America, Europe, South America and Asia Pacific regions. Its North America includes Canada, Mexico and United States of America. Its Europe regions include Belgium, Netherlands, Germany and Hungary.
DANA INCORPORATED 
