Dana Incorporated agreed to combine with Eaton Corporation plc, giving former Eaton shareholders 50.1% and former Dana shareholders 49.9% of SpinCo. Eaton will receive approximately $1,100, and the deal is anticipated to close in the second quarter of 2027.
DAN · DANA Inc
You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
Price & Indicators
Up next
Latest documents
Dana stockholders will vote on December 7, 2026 to combine with Eaton’s Mobility Business; after the Reverse Morris Trust transaction, pre-Merger Dana holders would own 49.9% of Mobility on a fully diluted basis.
Dana reported third-quarter sales of $2.04 billion and adjusted EBITDA of $218 million, with a 10.7 percent adjusted EBITDA margin. The Eaton Mobility transaction remained on track to close around the end of the first quarter of 2027.
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Dana raised full-year 2026 sales guidance by ~$225M (to ~$7.75B), adjusted EBITDA by $25M (to ~$825M), and adjusted free cash flow by $25M (to ~$325M), while revising diluted adjusted EPS lower to ~$2.00; the company also restarted its share repurchase program ahead of the Eaton Mobility split-off transaction targeted to close in Q1 2027.
- + Raised full-year 2026 sales guidance by approximately $225 million to ~$7.75 billion at the midpoint
- + Raised full-year 2026 adjusted EBITDA guidance by approximately $25 million to ~$825 million
- + Raised full-year 2026 adjusted free cash flow guidance by $25 million to ~$325 million
- − Revised full-year 2026 diluted adjusted EPS guidance lower to ~$2.00 per share at the midpoint
- − Includes a one-time ~$20 million U.S. union contract signing bonus expected in Q3 2026
- − ~$10 million of commodity-related headwinds expected due to recovery timing
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Commercial Vehicle Sales | $667M | FY2026 Q3 | +18.3% |
|
|
|||
| Light Vehicle Sales | $1.37B | FY2026 Q3 | +1.3% |
|
|
|||
| Adjusted EBITDA non-GAAP | $378M | Six Months Ended June 30 | — |
| Adjusted EBITDA margin non-GAAP | 10.3% | Q2 '26 | — |
| Adjusted free cash flow non-GAAP | -$127M | Six Months Ended June 30 | — |
| Adjusted net income attributable to the parent company non-GAAP | $21M | Three Months Ended June 30 | — |
GAAP → non-GAAP reconciliationGAAP Net income (loss) attributable to the parent company -5M
+2M Amortization
+9M Restructuring charges, net
+19M Strategic transaction expenses
+0M Loss on divestiture of ownership interests
+8M Electric vehicle program termination charges
+1M Amounts attributable to previously closed/divested operation
+2M Distressed supplier costs
-2M Foreign exchange gain on unhedged intercompany loans
+11M Net (income) loss from discontinued operations
+1M Other items
-25M Net income tax benefit on items above
+0M Income tax expense attributable to various discrete tax matters
= Adjusted net income attributable to the parent company 21M
|
|||
| Capital returned to shareholders | 44M | second quarter of 2026 | — |
| Commercial Vehicle Adjusted EBITDA non-GAAP | $131M | Six Months Ended June 30 | — |
| Cost savings | 19M | second quarter of 2026 | — |
| Cost savings realized year-to-date | $54M | Year-to-date 2026 | — |
| Diluted adjusted EPS non-GAAP | $0.34 | Six Months Ended June 30 | — |
| Light Vehicle Adjusted EBITDA non-GAAP | $255M | Six Months Ended June 30 | — |
| Share repurchases program-to-date | $819M | Program-to-date through 2026 | — |
| Share repurchases year-to-date | $169M | Year-to-date 2026 | — |
| Shares repurchased | 1.2M | second quarter of 2026 | — |
| Total Sales | $3.88B | Six Months Ended June 30 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Auto Parts — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
DAN
this stock
DANA Inc
|
$2.33B | +0.6% | -3.0% | 2.5 | 4.5% |
|
ORLY
O Reilly Automotive Inc
|
$73.94B | +1.1% | +6.4% | 28.2 | 2.9% |
|
AZO
Autozone Inc
|
$52.46B | -3.9% | +7.4% | 21.4 | 3.3% |
|
SMTOY
Sumitomo Electric Industries Ltd
|
$28.52B | — | — | — | 0.0% |
|
NGKSF
NGK Spark Plug Co., Ltd.
|
$20.13B | +18.4% | — | — | 0.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 5, 2026
- This year
- 29
Dana Incorporated agreed to combine with Eaton Corporation plc, giving former Eaton shareholders 50.1% and former Dana shareholders 49.9% of SpinCo. Eaton will receive approximately $1,100, and the deal is anticipated to close in the second quarter of 2027.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| DAN | +11.2% | -17.5% | -32.1% | +3.4% | +0.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +8.6% | -16.3% | -32.6% | +3.6% | -10.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.