Dana Q3 Beats on Margin, Raises Sales Outlook and Adds $100M Buyback
DAN sits 43% above its 52-week low of $18.955.
Summary
Dana posted Q3 adjusted EBITDA of $218 million (10.7% margin) and adjusted EPS of $0.41, raised its 2026 sales outlook by ~$50 million, and added ~$100 million to Q4 buybacks ahead of the Eaton Mobility split-off.
Key Events · Earnings and Guidance · DAN
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Q3 Margin Expands 220 Basis Points
Sales rose $121 million to $2.04 billion and adjusted EBITDA climbed $56 million to $218 million, a 10.7% margin versus 8.5% a year ago, on cost savings and commercial-vehicle demand.
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GAAP Loss on Debt and Tax Charges
Net loss from continuing operations was $10 million ($0.13 per diluted share), driven by a $24 million loss on extinguishing debt and a $29 million foreign income-tax settlement charge; adjusted EPS was $0.41 versus $(0.04) last year.
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Sales Guidance Raised, EBITDA Held
Full-year sales outlook lifted ~$50 million to $7.75-$7.85 billion; adjusted EBITDA held at $800-$850 million (~$825 million midpoint), diluted adjusted EPS at $1.75-$2.25 and adjusted free cash flow at $275-$375 million.
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Buybacks Increased Ahead of Split-Off
6.6 million shares repurchased for $200 million in Q3 and $369 million year-to-date; an additional ~$100 million of repurchases is planned for Q4 2026, with the program running until the Eaton Mobility deal closes.
Analysis · DAN · Manufacturing
The operating turnaround is real: adjusted EBITDA rose $56 million to $218 million and margin expanded 220 basis points to 10.7%, even as GAAP results were dragged down by a $24 million debt-redemption loss and a $29 million foreign tax settlement. Management raised full-year sales guidance by about $50 million while holding the ~$825 million EBITDA midpoint, and it is putting more cash behind the stock with an extra ~$100 million of buybacks in Q4 on top of $369 million already spent this year. The Eaton Mobility split-off remains on track for around the end of Q1 2027 with one regulatory approval outstanding, and a special shareholder meeting is expected December 7 — that vote is the next hard date for the thesis.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DAN was trading at $27.20 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $18.96 to $39.56. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.