2023-04-28 07:09:11 ET
- Dana press release ( NYSE: DAN ): Q1 Non-GAAP EPS of $0.25 beats by $0.17 .
- Revenue of $2.64B (+6.5% Y/Y) beats by $80M .
- Sales for the first quarter of 2023 totaled $2.64 billion, compared with $2.48 billion in the same period of 2022, representing a $164 million increase driven by improved demand, cost-recovery actions, and conversion of the sales backlog, partially offset by the translation of foreign currencies.
-
2023 Financial Targets Remain Unchanged
- Sales of $10.35 to $10.85 billion;
- Adjusted EBITDA of $750 to $850 million, an implied adjusted EBITDA margin of approximately 7.5 percent at the midpoint of the range;
- Diluted adjusted EPS of $0.25 to $0.75;
- Operating cash flow of approximately, $510 to $560 million; and
- Free cash flow of breakeven to $50 million
For further details see:
Dana Non-GAAP EPS of $0.25 beats by $0.17, revenue of $2.64B beats by $80M