Dana Incorporated (DAN)

The company now

Dana reported third-quarter 2026 sales of $2.04 billion on 28 October, against $1.92 billion a year earlier 1. Adjusted EBITDA, a profit measure that leaves out interest, taxes and depreciation, was $218 million, a margin of 10.7 percent 1. The company said stronger commercial vehicle demand drove the sales gain 1.

Net income was $15 million, which included $29 million from discontinued operations and $41 million of debt-extinguishment and net tax charges 1. A $24 million loss on retiring debt and a $29 million charge for settling a foreign income tax outweighed better operating results 1.

The larger story is the pending combination with Eaton 3. On 10 June 2026 Dana signed agreements to join with Eaton's Vehicle and eMobility businesses through a Reverse Morris Trust 3. Eaton's shareholders would own at least 50.1 percent of the new company and Dana's about 49.9 percent 3.

Dana said the deal is on track to close around the end of the first quarter of 2027, with only one regulatory approval pending 1. A special shareholder meeting is planned for December 2.

Dana raised its 2026 share repurchase target to $469 million and has bought back $369 million so far this year 2.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.