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Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.

Dana Incorporated Reports Record Sales for 2022; Issues Guidance for 2023, including Higher Sales, Profit, and Record Three-year Sales Backlog of $900 Million

Dana Incorporated (NYSE: DAN) today announced financial results for the fourth quarter and full-year 2022. "Dana continues to successfully execute as front runners in the transformation to a zero-emission world, while taking extraordinary operational actions to serve our customers, including scaling operations to support near-term market share gains," said James Kamsickas, Dana chairman and CEO. "Our focus on offering complete in-house electrification capability, coupled with our ability to leverage significant company-wide synergies, enables us to provide exceptional customer satisfaction – placing us in a strong position to deliver profitable above-market sales growth in 2023."

By AP News
Published - Feb 21, 2023, 07:03 AM ET
Last Updated - Apr 11, 2024, 09:55 AM EDT

Full-year Results

  • Sales of $10.2 billion, an increase of $1.2 billion or 14 percent over last year
  • Operating cash flow of $649 million, an increase of $491 million
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