Dana Sets 2026 Outlook With Flat Sales and Sharper Margins After Portfolio Reset

Overview

• The Off-Highway divestiture reduced total debt by about $1.9 billion, bringing net leverage below 1.0x and cutting annual interest expense by roughly $95 million.
• Dana guides 2026 revenue to roughly $7.5 billion as a $200 million new-business backlog offsets a modestly softer market.
• EBITDA margin is expected to expand by about 250 basis points in 2026, aided by eliminating $40 million of stranded costs and capturing full-year benefits from structural actions.
• Cost programs delivered $248 million of savings in 2025 with a $325 million run rate entering 2026, and a ramped Mexico facility is improving delivery performance and the cost base.
• Management is shifting pursuit activity from an 80% EV focus toward more ICE and hybrid programs with stricter EV quoting discipline, targeting $10 billion in sales and 14–15% EBITDA by 2030 alongside a $2 billion shareholder-return plan and planning for a $15 million commodity-timing headwind in 2026.