Global driveline and e-propulsion supplier, Dana Incorporated, posted strong preliminary financial results for 2025 and outlined an upbeat outlook for 2026.
Dana reported 2025 sales of about $7.5 billion USD, with adjusted EBITDA of approximately $600 million USD, representing 8.0 per cent of sales. Adjusted free cash flow was around $315 million USD.
A key milestone during the year was the completion of the Off-Highway business sale, which valued the operation at $2.7 billion USD.
Dana also achieved about $250 million USD in cost savings and returned $704 million USD to shareholders, including the repurchase of 34 million shares – roughly 23 per cent of shares outstanding.
Dana Chairman and CEO R. Bruce McDonald said the company delivered on all major strategic commitments in 2025.
“We closed 2025 with strong momentum and executed on every major strategic commitment, from completing the Off-Highway divestiture to delivering substantial cost savings,” said McDonald.
Looking ahead, Dana expects 2026 to be marked by further margin expansion and balance-sheet improvements. The company has completed $1.9 billion USD in debt reduction, supported by proceeds from the divestment and raised its cumulative cost-savings target to $325 million USD.
Dana has also lifted its 2026 margin guidance, targeting a midpoint of 10.5 per cent, and announced a three-year new business backlog worth $750 million USD. Of this, $200 million USD is expected to be incremental in 2026, driven by next-generation vehicle platforms across light- and commercial-vehicle segments.
In other news, DM3 Logistics specified Dana axles in a recent Kenworth K220 order.
