Dana Incorporated Reports Strong Third-Quarter Results; Eaton Mobility Transaction on Track; Increases Share Repurchases
Key Highlights
- ➤Adjusted EBITDA $218 million, up $56 million year over year
- ➤Sales $2.04 billion, up from $1.92 billion year over year
- ➤Dana raises 2026 sales outlook by approximately $50 million
- ➤Dana repurchased $200 million of shares in Q3; plans ~$100 million more
- ➤Eaton Mobility transaction remains on track to close around end-Q1 2027
Expert Statements
Byron Foster, Chief Executive Officer of Dana Incorporated
“Dana delivered strong third-quarter results, reflecting our continued focus on operating the business well and executing our strategy with discipline.”
Byron Foster, Chief Executive Officer of Dana Incorporated
“Productivity gains, commercial initiatives, and structural cost reductions are driving meaningful margin improvement as we capitalize on stronger commercial vehicle demand and continue to return capital to shareholders.”
Byron Foster, Chief Executive Officer of Dana Incorporated
“As we work toward closing the Eaton Mobility transaction, we remain firmly focused on delivering strong performance today while preparing to create an even stronger, more diversified company positioned for long-term growth and shareholder value.”
Byron Foster, Chief Executive Officer of Dana Incorporated
“We continue to see compelling strategic and financial benefits from the combination with Eaton Mobility and are confident in the value the transaction will create for our shareholders, customers, and employees.”
Byron Foster, Chief Executive Officer of Dana Incorporated
“As we move toward closing, we are also maximizing the opportunities available to return capital to shareholders. Our increased fourth-quarter repurchases underscore our confidence in Dana and our commitment to shareholder value.”
Dana Incorporated Reports Strong Third-Quarter Results; Eaton Mobility Transaction on Track; Increases Share Repurchases PR Newswire
* Sales of $2.0 billion, an increase of $121 million versus the third quarter of 2025 * Net income of $15 million, including $29 million from discontinued operations and $41 million of debt-extinguishment and net tax charges * Adjusted EBITDA of $218 million; $56 million higher than third quarter of 2025 * 10.7 percent adjusted EBITDA margin; 220 basis points higher than prior year * Achieved $60 million in cost savings year to date * Repurchased 6.6 million shares, returning $200 million to shareholders * Year-to-date shareholder repurchases of $369 million * Planning an additional ~$100 million of repurchases in the fourth quarter of 2026 * Eaton Mobility transaction remains on track to close around the end of the first quarter of 2027 * Nearly all regulatory approvals have been obtained with only one pending MAUMEE, Ohio, Oct. 28, 2026 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced its third-quarter 2026 financial results, delivering strong performance with higher sales and expanding margins.
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