August 20, 2017 3:43 PM ET

Auto Components

Company Overview of Dana Incorporated

Company Overview

Dana Incorporated manufactures and sells driveline, sealing, and thermal-management products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies. The Light Vehicle Driveline Technologies segment offers front axles, rear axles, driveshafts/propshafts, differentials, torque couplings, and modular assemblies for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Driveline Technologies segment provides steer and d...

3939 Technology Drive

Maumee, OH 43537

United States

Founded in 1904

28,600 Employees

Phone:

419-887-3000

Key Executives for Dana Incorporated

Chief Executive Officer, President and Director
Age: 50
Total Annual Compensation: $1.6M
Chief Financial Officer and Executive Vice President
Age: 37
Total Annual Compensation: $381.9K
EVP, President of Dana Commercial Vehicle Driveline Technologies and Member of Strategy Board
Age: 50
Total Annual Compensation: $580.0K
President of Off-Highway Drive & Motion Technologies and Member of Strategy Board
Age: 58
Total Annual Compensation: $515.0K
President of Light Vehicle Driveline Technologies and Member of Strategy Board
Age: 50
Total Annual Compensation: $477.0K
Compensation as of Fiscal Year 2016.

Dana Incorporated Key Developments

Dana Incorporated Announces the Redemption of Remaining 2021 Notes; Amends and Extends Existing Senior Secured Credit Facility

Dana Incorporated announced that it plans to issue a notice of redemption for the remaining $350 million aggregate principal amount of its outstanding 5.375% Senior Notes due 2021 at a redemption price equal to 102.688% of the principal amount of the notes, plus accrued and unpaid interest, if any, to the redemption date of September 18, 2017. Dana also announced the closing of an amendment to its existing senior secured credit facility. The amended and restated senior secured credit facility includes an amended and extended cash flow revolving credit facility, which increases the aggregate amount available to $600 million from $500 million and extends the maturity to 2022. The amended and restated credit facility also includes a new term facility with an aggregate principal amount of $275 million. Proceeds from the term facility, combined with cash on hand, will be used to satisfy the redemption of the 2021 Notes.

Dana Incorporated Presents at J.P. Morgan Auto Conference, Aug-08-2017 12:30 PM

Dana Incorporated Presents at J.P. Morgan Auto Conference, Aug-08-2017 12:30 PM. Venue: J.P. Morgan, 383 Madison Avenue, New York, New York, United States. Speakers: Jonathan M. Collins, Chief Financial Officer and Executive Vice President.

Dana Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Raises Earnings Guidance for the Year 2017

Dana Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the second quarter, the company reported net sales of $1,840 million compared to $1,546 million a year ago. Income before interest and income taxes was $130 million compared to $125 million a year ago. Income before income taxes was $99 million compared to $80 million a year ago. Net income was $73 million compared to $55 million a year ago. Net income attributable to the parent company was $71 million or $0.47 diluted income per share compared to $53 million or $0.36 diluted income per share a year ago. Net cash provided by operating activities was $169 million compared to $167 million a year ago. Purchases of property, plant and equipment were $73 million compared to $59 million a year ago. Adjusted EBITDA was $217 million compared to $178 million a year ago. Adjusted net income was $100 million or $0.68 diluted adjusted EPS, up from $78 million or $0.53 diluted adjusted EPS in the same period a year ago. For the six months, the company reported net sales of $3,541 million compared to $2,995 million a year ago. Income before interest and income taxes was $259 million compared to $221 million a year ago. Income before income taxes was $204 million compared to $152 million a year ago. Net income was $153 million compared to $103 million a year ago. Net income attributable to the parent company was $146 million or $0.99 diluted income per share compared to $98 million or $0.66 diluted income per share a year ago. Net cash provided by operating activities was $180 million compared to $140 million a year ago. Purchases of property, plant and equipment were $169 million compared to $130 million a year ago. Adjusted EBITDA was $422 million compared to $326 million a year ago. Adjusted net income was $192 million or $1.31 diluted adjusted EPS compared to $129 million or $0.87 diluted adjusted EPS in the same period a year ago. The company increased its financial year 2017 sales guidance to a range of $6.8 billion to $7 billion from a prior range of $6.2 billion to $6.4 billion. The company also raised adjusted EPS guidance to a range of $2.20 to $2.40 from a prior range of $1.60 to $1.80. The company expects adjusted EBITDA to be in the range of $790 million to $820 million. The company expects Adjusted EBITDA as a percent of sales of 11.6% to 11.8%, cash flow from operations of $480 to $520 million; capital spending of $380 to $420 million; and free cash flow of $80 to $120 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 13, 2017
U.S. Manufacturing Corporation, Michigan Operations
Merger/Acquisition
December 30, 2016
Dana Companies, LLC
Merger/Acquisition
November 18, 2016
80% Stake in Brevini Fluid Power S.p.A. and 80% Stake in Brevini Power Transmission S.p.A.
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