Dana Incorporated (NYSE:DAN) filed a current report on October 28, 2026, furnishing its third-quarter 2026 financial results along with an update on planned share repurchases and the pending Eaton Mobility transaction.

Key Highlights

  • Q3 2026 sales of $2.04 billion, compared with $1.92 billion in the third quarter of 2025, according to the filing.
  • Adjusted EBITDA of $218 million at a 10.7 percent margin, up from $162 million and an 8.5 percent margin in the prior-year period.
  • Net loss from continuing operations of $10 million, or $0.13 diluted loss per share, compared with net income of $13 million, or $0.07 diluted earnings per share, in Q3 2025.
  • Approximately 6.6 million shares repurchased in the quarter for $200 million, bringing year-to-date repurchases to $369 million.
  • Additional ~$100 million in share repurchases planned for the fourth quarter of 2026, the company disclosed.
  • Full-year 2026 sales guidance raised by approximately $50 million, to a range of $7.75 to $7.85 billion.
  • Eaton Mobility transaction remains on track to close around the end of the first quarter of 2027, with nearly all regulatory approvals obtained.

Dana's Third-Quarter 2026 Results and Capital Return Actions

According to the filing, Dana Incorporated reported third-quarter 2026 sales of $2.04 billion, an increase of $121 million compared with the same period in 2025. The company attributed the growth primarily to stronger commercial vehicle demand, backlog conversion, and commercial and cost-recovery actions. Adjusted EBITDA reached $218 million, representing a 10.7 percent margin, which the filing described as 220 basis points higher than the prior year. Dana also reported achieving $60 million in cost savings year to date through the third quarter.

The filing noted a net loss from continuing operations of $10 million in Q3 2026, a shift from net income of $13 million in Q3 2025. The company disclosed that a $24 million loss on extinguishment of debt and higher income tax expense, including a $29 million charge related to the settlement of a foreign income tax, were the primary drivers of the year-over-year decline in continuing-operations income, partially offset by a $12 million benefit associated with post-Off-Highway sale restructuring actions. Adjusted net income improved to $44 million from an adjusted net loss of $5 million in the prior-year period, with diluted adjusted earnings per share of $0.41 versus an adjusted loss per share of $0.04.

Operating cash flow was $102 million in Q3 2026, compared with $111 million in the prior-year period. Adjusted free cash flow was $66 million versus $101 million in Q3 2025. The company revised its full-year 2026 sales guidance upward by approximately $50 million while maintaining its adjusted EBITDA guidance of $800 to $850 million, diluted adjusted EPS guidance of $1.75 to $2.25, and adjusted free cash flow guidance of $275 to $375 million. Chief Executive Officer Byron Foster's statements included in the press release constitute forward-looking statements subject to the company's cautionary language, as noted in the filing.

What Was Disclosed

Dana Incorporated furnished its Q3 2026 earnings press release via a current report filed October 28, 2026, covering third-quarter sales, margins, per-share results, share repurchase activity, revised full-year guidance, and the status of the pending Eaton Mobility transaction.