Dana Incorporated filed its third-quarter 2026 earnings release on October 28, 2026, reporting sales of $2.04 billion, adjusted EBITDA of $218 million, and approximately 6.6 million shares repurchased for $200 million during the quarter.

Key Highlights

  • Sales of $2.04 billion in the third quarter of 2026, up $121 million versus the third quarter of 2025, according to the filing.
  • Adjusted EBITDA of $218 million at a 10.7 percent margin, 220 basis points higher than the prior-year period, the company disclosed.
  • Net loss from continuing operations of $10 million, with diluted loss per share from continuing operations of $0.13, compared with EPS of $0.07 in the prior-year period.
  • 6.6 million shares repurchased for $200 million in the quarter, bringing year-to-date repurchases to $369 million, the filing states.
  • $60 million in cost savings achieved year to date, according to the company.
  • Full-year sales guidance raised by approximately $50 million to a range of $7.75 to $7.85 billion, with adjusted EBITDA guidance maintained at $800 to $850 million.
  • Eaton Mobility transaction remains on track to close around the end of the first quarter of 2027, with nearly all regulatory approvals obtained and only one pending.

Dana's Third-Quarter 2026 Financial Results and Eaton Mobility Update

Dana Incorporated (NYSE:DAN) reported third-quarter 2026 sales of $2.04 billion, compared with $1.92 billion in the same period of 2025. According to the filing, the increase was "primarily driven by stronger commercial vehicle demand, backlog conversion, and commercial and cost-recovery actions." Adjusted EBITDA rose to $218 million from $162 million in the prior-year period, representing margin expansion from 8.5 percent to 10.7 percent, which the company attributed to cost-savings actions, operational efficiency improvements, and commercial initiatives.

The filing disclosed a net loss from continuing operations of $10 million in the third quarter of 2026. The company reported that "significantly improved operating performance and lower net interest expense were more than offset by a $24 million loss on the extinguishment of debt and higher income tax expense, including a $29 million charge related to the settlement of a foreign income tax partially offset by a $12 million benefit associated with post Off-Highway sale restructuring actions." Adjusted net income improved to $44 million from an adjusted net loss of $5 million in the prior-year period, with diluted adjusted earnings per share of $0.41 compared with an adjusted loss per share of $0.04. Operating cash flow was $102 million, compared with $111 million in the prior-year period, and adjusted free cash flow was $66 million versus $101 million.

Regarding capital return, Dana disclosed that it repurchased approximately 6.6 million shares for $200 million during the quarter and expects to repurchase an additional approximately $100 million of shares in the fourth quarter of 2026. The company also revised its full-year 2026 sales guidance upward by approximately $50 million, while maintaining its adjusted EBITDA range of $800 to $850 million, diluted adjusted EPS range of $1.75 to $2.25, and adjusted free cash flow range of $275 to $375 million. The filing noted that nearly all regulatory approvals for the Eaton Mobility transaction have been obtained, with only one remaining pending.

What Was Disclosed

Dana Incorporated reported third-quarter 2026 results including $2.04 billion in sales, $218 million in adjusted EBITDA, a net loss from continuing operations of $10 million, $200 million in share repurchases, and raised full-year sales guidance, while providing an update on the pending Eaton Mobility transaction.