Sales of approximately $7.5 billion
Adjusted EBITDA of approximately $600 million; 8 percent of sales
Adjusted free cash flow of approximately $315 million
Completed sale of the Off‑Highway business at a $2.7 billion enterprise value
Achieved approximately $250 million in cost savings
Returned $704 million to shareholders
Repurchased 34 million shares, representing 23 percent of shares outstanding
Shares outstanding as of December 31 were 112.3 million
2026 Highlights:
Completed $1.9 billion in debt reduction, supported by proceeds from the Off‑Highway sale
Announced $750 million three-year new business backlog; $200 million incremental in 2026
Raised cumulative cost savings target to $325 million
Raises 2026 margin guidance range to a midpoint of 10.5 percent
Completed the previously disclosed buy‑out of TM4 joint venture
Will host a Capital Markets Day on March 25, 2026
MAUMEE, Ohio, Jan. 21, 2026 /PRNewswire/ -- Dana Incorporated today announced its preliminary full‑year 2025 financial results, which came in at the high end of the company's expectations. Dana also issued its preliminary outlook for 2026, highlighting stronger profitability, significant cost‑reduction progress, incremental capital return, and improvements to its balance sheet.
"We closed 2025 with strong momentum and executed on every major strategic commitment, from completing the Off‑Highway divestiture to delivering substantial cost savings," said R. Bruce McDonald, Chairman and Chief Executive Officer of Dana Incorporated. "Our actions have reshaped Dana into a more streamlined, higher‑margin company with greater financial flexibility. In 2026, we expect to complete the remainder of our now $325 million cost‑reduction program, continue executing our $1 billion capital return plan, and expand adjusted EBITDA margins to 10–11 percent—positioning Dana for durable, long‑term value creation. We are entering the year with a strengthened balance sheet, higher‑margin new business, and an ongoing commitment to shareholder returns and operational excellence."
Dana's three‑year new business backlog totals $750 million, driven by new program awards, increased content, and expanded vehicle platforms across both the light‑ and commercial‑vehicle segments. The company expects $200 million ...
