Dana reports Q1 revenue $1.87B, consensus $1.83B

Reports Q1 adjusted EBITDA $171M. “Dana’s (DAN) long-term strategy is clear and built on actions fully within our control – improving our cost structure and executing with discipline” said R. Bruce McDonald, Chairman and Chief Executive Officer. “Our first-quarter results demonstrate our progress with meaningful margin expansion and continued momentum in new business wins. The Dana 2030 plan outlines a clear path to higher sales, structurally higher margins and increased adjusted free cash flow generation. With a best in sector balance sheet, we have continued to generate meaningful value to our shareholders through a continued commitment to disciplined capital allocation.”