By Adriano Marchese
Dana expects sales in 2025 to be lower than the prior year on the back of softer demand and currency exchange dynamics, but said that adjusted earnings are seen ticking higher.
The drivetrain and e-propulsion systems manufacturer said Friday that it expects sales of between $9.53 billion and $10.03 billion in the year, down from $10.3 billion in 2024. In 2024, the company experienced weakening market demand for electric vehicles, commercial trucks, off-highway equipment, and a higher inventory of certain light truck programs, which drove lower sales.
Adjusted earnings before interest, taxes, depreciation and amortization are expected to grow, setting a range of $925 million to $1.03 billion.
For 2024, the company reported adjusted Ebitda of $885 million.
Chief Financial Officer Timothy Kraus said that while sales are expected to be lower for the year, mainly due to lower demand for off-highway equipment and translation of foreign currency continuing in 2025, the effects of cost-savings initiatives worth $175 million in 2025 as well as efficiency improvements will drive higher margins.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 24, 2025 07:26 ET (12:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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