Dana Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 07:02 am EDT
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Dana Incorporated reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 2,748 million compared to USD 2,586 million a year ago. Net income was USD 30 million compared to USD 8 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 0.06 a year ago.
For the six months, sales was USD 5,392 million compared to USD 5,066 million a year ago. Net income was USD 58 million compared to USD 25 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.17 a year ago.
Dana Incorporated is engaged in providing power-conveyance and energy-management solutions for vehicles and machinery. The Company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. It offers axles, driveshafts, transmissions, sealing and thermal products to electrifications products including motors, inverters, controllers, e-sealing, e-thermal and digital solutions. The Company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Company owns and have licensed trademarks, such as Spicer Electrified, Victor Reinz, Long, Graziano and Dana TM4. The Company operates in North America, Europe, South America and Asia Pacific regions. Its North America includes Canada, Mexico and United States of America. Its Europe regions include Belgium, Netherlands, Germany and Hungary.
DANA INCORPORATED 
