Dana Incorporated Reports $30 Million Net Income in Q2 2023

Dana Incorporated,(DAN) a leading global suppl ier of drivetrain and mobility technologies, has released its unaudited financial statements for the second quarter of 2023. The company reported a net income of $30 million during the three-month period ending June 30, 2023. Moreover, Dana's revenue showed positive growth, reaching $2.75 billion in the second quarter, highlighting the company's strong performance amid a challenging economic environment.

Net Income

Dana Incorporated achieved a notable net income of $30 million in the second quarter of 2023. This figure reflects the company's ability to efficiently manage costs and expenses while capitalizing on market opportunities. Compared to the same period last year, when the net income stood at $8 million, the company has demonstrated significant growth in profitability.

Revenue