Dana Incorporated reported a total revenue of $7.5 billion for the fiscal year ending December 31, 2025, a decrease of 3% from $7.73 billion in 2024. The company's net income for the year was $102 million, a significant recovery from a net loss of $49 million in the previous year. This improvement was attributed to a combination of cost reduction initiatives and a favorable product mix, which helped increase the gross margin to 8% from 4.9% in 2024. The company also realized $260 million in annualized savings through cost-cutting measures, with an additional $65 million expected in 2026.
In terms of operational changes, Dana underwent a strategic realignment of its business segments, integrating its Power Technologies segment into the Light Vehicle and Commercial Vehicle segments. This restructuring aims to streamline operations and enhance customer service. Additionally, Dana completed the divestiture of its Off-Highway business to Allison Transmission Holdings, Inc. for $2.664 billion, which closed on January 1, 2026. The proceeds from this sale are intended to reduce debt and return capital to shareholders, with a share repurchase program extended to $2 billion through 2030.
Dana's workforce stood at approximately 26,900 employees as of December 31, 2025, with a significant presence in North America, Europe, South America, and Asia Pacific. The company reported that 43% of its sales came from international operations, highlighting its global reach. However, the company faced challenges in the commercial vehicle market, with a 23% decline in Class 8 truck production in North America, which negatively impacted sales in that segment.
Looking ahead, Dana projects sales for 2026 to be between $7.3 billion and $7.7 billion, reflecting ongoing market challenges but bolstered by a backlog of new business worth $750 million. The company anticipates adjusted EBITDA to range from $750 million to $850 million, driven by continued cost savings and operational efficiencies. However, Dana acknowledges potential risks from fluctuating market conditions, including the impact of rising interest rates and ongoing supply chain disruptions.
About DANA INC
Dana Incorporated is a global supplier of power-conveyance and energy-management solutions for vehicles and machinery. Its core segments include light vehicle, commercial vehicle, off-highway, and power technologies, serving automotive, industrial, and stationary markets worldwide. The company offers axles, driveshafts, transmissions, electrification products, and thermal solutions, supporting internal combustion, hybrid, and electric vehicles with a focus on innovation, sustainability, and customer-driven technology development.
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