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Free Post Earnings Research Report: Dana’s Revenue Surged 26%; Adjusted EPS Advanced 19%

Stock Monitor: Modine Manufacturing Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 25, 2018 / If you want access to our free earnings report on Dana Inc. (NYSE: DAN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DAN. Dana reported its first quarter fiscal 2018 operating and financial results on April 30, 2018. The automotive equipment supplier outperformed top- and bottom-line expectations. The Company also provided guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Modine Manufacturing Company (NYSE: MOD), which also belongs to the Consumer Goods sector as the Company Dana. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Dana most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=DAN

Earnings Highlights and Summary

Dana's sales totaled $2.14 billion for the first quarter of 2018 compared to $1.70 billion in Q1 2017, representing 26% growth, driven by higher demand across all three end markets, conversion of sales backlog, and favorable foreign currency translation. The Company's reported numbers exceeded analysts' estimates of $1.85 billion.

Dana reported net income of $108 million, or $0.73 per diluted share, compared to net income of $75 million of $0.51 per diluted share in Q1 2018, with the increase in operating earnings associated with higher sales.

For Q1 2018, Dana's adjusted earnings were $0.75 per diluted share, up 19% compared to $0.63 per diluted share in the year earlier same quarter, reflecting the higher y-o-y earnings improvement. The Company's earnings beat Wall Street's estimates of $0.66 per share.

Dana's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was $248 million for Q1 2018 compared to $205 million for Q1 2017, driven by higher end-market demand and conversion of the sales backlog as well as earnings from acquisitions completed in Q1 2017.

Dana's Segment Results

During Q1 2018, the Light Vehicle segment's sales totaled $950 million, up 25% on a y-o-y basis. The segment's adjusted EBITDA rose 16% versus the year ago comparable period, to $103 million. For Q1 2018, Dana's Commercial Vehicle came in at $400 million, up 22% on a y-o-y basis, while the segment's adjusted EBITDA came in at $34 million, up 21% compared to the year ago same period.

For Q1 2018, the Off-Highway segment's sales surged 50% to $492 million, while its adjusted EBITDA came in at $72 million, up 60% compared to $45 million for Q1 2017. The Company's Power Technologies sales totaled $296 million in the reported quarter, up 5% $283 million for the year earlier same quarter. The segment's adjusted EBITDA fell 10% to $45 million on a y-o-y basis.

Cash Matters

During Q1 2018, Dana's operating cash flow was a use of $28 million compared to a source of $11 million in Q1 2017. The Company's free cash flow was a use of $93 million in the reported quarter compared to a use of $85 million in the prior year's corresponding quarter.

Outlook

Dana is expecting improved end-market demand for key light-truck programs, off-highway equipment, and commercial vehicles, combined with sales from the new-business backlog, which is expected to drive 10% growth in sales for 2018. Increased sales from the new-business backlog are expected to add approximately $300 million, and improved end-market demand is expected to accrete $200 million for FY18, while foreign currency translation is expected to add an additional $150 million to the y-o-y sales comparison.

For FY18, Dana is forecasting sales in the range of $7.75 to $8.05 billion; adjusted EBITDA of $950 million to $1.01 billion; and implied adjusted EBITDA margin of approximately 12.4%. The Company is expecting earnings in the range of $2.75 to $3.05 per share. For FY18, Dana is projecting operating cash flow of approximately 7.5% of sales and free cash flow of approximately 3.5% of sales.

Stock Performance Snapshot

May 24, 2018 - At Thursday's closing bell, Dana's stock slightly dropped 0.55%, ending the trading session at $23.42.

Volume traded for the day: 1.07 million shares.

Stock performance in the past twelve-month period - up 15.71%

After yesterday's close, Dana's market cap was at $3.40 billion.

Price to Earnings (P/E) ratio was at 10.61.

The stock has a dividend yield of 1.71%.

The stock is part of the Consumer Goods sector, categorized under the Auto Parts industry.

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