Dana Incorporated previews fiscal 2024 outcomes and 2025 forecasts

Ohio-based Dana Incorporated reports $10.3 billion in 2024 sales, improved EBITDA margins, and outlines financial goals alongside organizational restructuring

Dana Incorporated, based in MAUMEE, Ohio, disclosed select preliminary unaudited financial results for the full year ending December 31, 2024, and outlined its financial prospects for 2025, in addition to offering a business update. This included a restructured organizational setup and the current progress on the pending sale of its Off-Highway business alongside cost-saving initiatives. The company reported full-year 2024 sales of approximately $10.3 billion with an adjusted EBITDA of about $885 million, reflecting an adjusted EBITDA margin of 8.6 percent—an improvement from the previous year. Dana's chairman and CEO, R. Bruce McDonald, attributed these outcomes to strategic measures aimed at enhancing the company's cost effectiveness and agility.