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Dana Inc (DAN.N)

DAN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dana Sees FY 2019 Sales Between $8.25 Bln And $8.55 Bln
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Dana Inc ::ORPORATED ANNOUNCES PRELIMINARY 2018 FINANCIAL RESULTS AND GUIDANCE FOR 2019.EXPECTS MORE THAN $1 BILLION IN SALES GROWTH IN 2019.SEES FY 2019 SALES $8.25 BILLION TO $8.55 BILLION.SEES 2019 FREE CASH FLOW OF APPROXIMATELY 4.0 PERCENT OF SALES.PRELIMINARY 2018 SALES OF $8.143 BILLION, AN INCREASE OF $934 MILLION.SEES 2019 DILUTED ADJUSTED EPS OF $2.90 TO $3.30; $2.95 TO $3.45 INCLUDING ODS.THREE-YEAR SALES BACKLOG REMAINS STRONG WITH $700 MILLION OF INCREMENTAL SALES EXPECTED FROM 2019 THROUGH 2021.SEES 2018 MARGIN OF 11.8 PERCENT OF SALES.PRELIMINARY ADJUSTED EBITDA FOR 2018 APPROXIMATED $957 MILLION, A $122 MILLION IMPROVEMENT OVER 2017.DANA'S THREE-YEAR SALES BACKLOG "REMAINS STRONG" WITH $700 MILLION OF INCREMENTAL SALES EXPECTED FROM 2019 THROUGH 2021..SEES 2019 OPERATING CASH FLOW OF APPROXIMATELY 8.0 PERCENT OF SALES.FY2018 REVENUE VIEW $8.08 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $3.26, REVENUE VIEW $8.48 BILLION -- REFINITIV IBES DATA.  Full Article

Dana Acquires SME Group; Enhances Electromobility Capabilities And Global Reach
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Dana Inc ::DANA ACQUIRES SME GROUP, ENHANCES ELECTROMOBILITY CAPABILITIES AND GLOBAL REACH.TRANSACTION IS EXPECTED TO CLOSE IN Q1 OF 2019.  Full Article

Dana Announces Pricing & Allocation Of Incremental Senior Secured Financing
Tuesday, 20 Nov 2018 

Nov 19 (Reuters) - Dana Inc ::DANA ANNOUNCES PRICING AND ALLOCATION OF INCREMENTAL SENIOR SECURED FINANCING IN CONJUNCTION WITH OERLIKON DRIVE SYSTEMS ACQUISITION.DANA INC - COMPANY EXPECTS TO INCREASE ITS EXISTING TERM LOAN A FACILITY BY AN AGGREGATE PRINCIPAL AMOUNT OF $225 MILLION.DANA INC - EXPECTS TO ESTABLISH A NEW TERM LOAN B FACILITY IN AN AGGREGATE PRINCIPAL AMOUNT OF $450 MILLION.DANA INC - EXPECTS TO INCREASE ITS EXISTING REVOLVING FACILITY FROM $600 MILLION TO $750 MILLION.DANA INC - TERM LOAN B FACILITY PRICED AT LIBOR PLUS 225 BASIS POINTS, WILL HAVE A MATURITY OF SEVEN YEARS.DANA INC - DANA WILL ACQUIRE OERLIKON'S DRIVE SYSTEMS BUSINESS FOR CHF 600 MILLION.DANA INC - TRANSACTION, WHICH WILL BE IMMEDIATELY ACCRETIVE TO EARNINGS UPON CLOSING.  Full Article

Dana Inc Reports Q3 Adj. EPS of $0.77
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Dana Inc ::ORPORATED ANNOUNCES REVENUE AND PROFIT GROWTH IN THIRD QUARTER, AFFIRMS FULL-YEAR GUIDANCE RANGES.Q3 ADJUSTED EARNINGS PER SHARE $0.77.Q3 SALES $1.98 BILLION VERSUS I/B/E/S VIEW $1.93 BILLION.Q3 EARNINGS PER SHARE VIEW $0.76 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.75 TO $3.05.Q3 EARNINGS PER SHARE $0.65.FY2018 EARNINGS PER SHARE VIEW $2.95, REVENUE VIEW $8.07 BILLION -- THOMSON REUTERS I/B/E/S.COMPANY AFFIRMS 2018 GUIDANCE RANGES.  Full Article

Dana Inc And Hydro-Quebec Announce Strategic Joint Venture
Friday, 22 Jun 2018 

June 22 (Reuters) - Dana Inc ::DANA INCORPORATED AND HYDRO-QUÉBEC ANNOUNCE STRATEGIC JOINT VENTURE.DANA INC - AS PART OF THIS AGREEMENT, DANA WILL BECOME A MAJORITY SHAREHOLDER OF TM4 IN EXCHANGE FOR CA$165 MILLION.DANA INC - HYDRO-QUÉBEC WILL MAINTAIN A 45 PERCENT INTEREST IN TM4.  Full Article

Dana Inc Reports Q1 Adjusted EPS $0.75
Monday, 30 Apr 2018 

April 30 (Reuters) - Dana Inc ::DANA INCORPORATED ANNOUNCES FIRST-QUARTER 2018 FINANCIAL RESULTS WITH SIGNIFICANT REVENUE GROWTH, AFFIRMS FULL-YEAR GUIDANCE INCREASE.DANA INC <<>> Q1 ADJUSTED SHR $0.75.DANA INC <<>> Q1 SHR VIEW $0.67 -- THOMSON REUTERS I/B/E/S.DANA INC <<>> SEES FY 2018 ADJUSTED SHR $2.75 TO $3.05.DANA INC <<>> Q1 SHR $0.73.DANA INC <<>> SEES FY 2018 SALES $7.75 BLN TO $8.05 BLN.DANA INC <<>> FY2018 SHR VIEW $2.98, REV VIEW $7.87 BLN -- THOMSON REUTERS I/B/E/S.DANA INC - AFFIRMED FULL-YEAR 2018 GUIDANCE.DANA INC - QTRLY SALES OF $2.1 BLN, AN INCREASE OF $437 MLN, GROWTH OF 26 PERCENT.DANA INC <<>> Q1 REV VIEW $1.93 BLN -- THOMSON REUTERS I/B/E/S.  Full Article

Dana Inc Comments On Decision By GKN PLC Shareholders
Thursday, 29 Mar 2018 

March 29 (Reuters) - Dana Inc ::DANA COMMENTS ON DECISION BY GKN SHAREHOLDERS.DANA INC - "APPEARS UNLIKELY THAT OUR PROPOSED COMBINATION WITH GKN DRIVELINE WILL PROCEED".DANA - "ACKNOWLEDGES THE DECISION BY MAJORITY OF SHAREHOLDERS OF GKN PLC TO ACCEPT THE PROPOSAL BY MELROSE INDUSTRIES PLC TO ACQUIRE GKN".  Full Article

Melrose Industries Says ‍Working Towards Agreement On GKN Pension Schemes
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Melrose Industries ::‍STATEMENT RE GKN PENSION SCHEMES.‍WORKING TOWARDS AN AGREEMENT ON GKN PENSION SCHEMES.‍LOOK FORWARD TO CONTINUING CONSTRUCTIVE DISCUSSIONS WITH GKN'S PENSION TRUSTEES AFTER DISCUSSIONS ON SALE OF GKN DRIVELINE TO DANA ​​​.  Full Article

GKN Notes Announcement By Trustees Of GKN UK Pension Schemes​
Tuesday, 13 Mar 2018 

March 13 (Reuters) - GKN Plc ::REG-GKN PLC: STATEMENT RE GKN PENSION SCHEMES.‍NOTED FURTHER ANNOUNCEMENT MADE ON MONDAY EVENING BY TRUSTEES OF GKN UK PENSION SCHEMES​.  Full Article

Dana Inc Sees FY 2018 Sales $7.5 Billion To $7.7 Billion
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Dana Inc ::ORPORATED ANNOUNCES STRONG PRELIMINARY 2017 FINANCIAL RESULTS AND GUIDANCE FOR 2018, INCREASED OUTLOOK FOR 2019, $800 MILLION OF SALES BACKLOG, AND INCREASE TO QUARTERLY DIVIDEND.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.60 TO $2.90.SEES FY 2018 SALES $7.5 BILLION TO $7.7 BILLION.SETS QUARTERLY DIVIDEND OF $0.10PER SHARE.- SEES PRELIMINARY 2017 SALES OF $7.2 BILLION.- SEES PRELIMINARY 2017 ADJUSTED EBITDA OF $835 MILLION.SAYS 2017 PRELIMINARY SALES OF $7.2 BILLION, AN INCREASE OF $1.4 BILLION OR GROWTH OF 24 PERCENT.- 2018-2020 SALES BACKLOG AS OF DEC. 31, 2017, HAS IMPROVED TO $800 MILLION, A 7 PERCENT INCREASE OVER PRIOR THREE-YEAR BACKLOG.- AUTHORIZED REPURCHASE OF UP TO $100 MILLION OF COMMON SHARES OVER NEXT TWO YEARS.- SEES 2018 CAPITAL SPENDING OF APPROXIMATELY 4.0 PERCENT OF SALES.- STRONG END-MARKET DEMAND AND NEW-BUSINESS BACKLOG ARE DRIVING AN EXPECTED 6 PERCENT SALES GROWTH IN 2018.DANA - STRONG DEMAND FOR LIGHT-TRUCK PROGRAMS IS EXPECTED INTO 2018, AS IS HIGHER END-MARKET DEMAND FOR OFF-HIGHWAY EQUIPMENT AND COMMERCIAL VEHICLES.- FOR FY19 ‍CO'S SALES, ADJUSTED EBITDA, DILUTED ADJUSTED EPS EXPECTED TO INCREASE BY $700 MILLION, $90 MILLION, AND $0.40, RESPECTIVELY VERSUS PRIOR TARGET RANGES​.  Full Article

EU mergers and takeovers (Nov 12)

BRUSSELS, Nov 12 The following are mergers under review by the European Commission and a brief guide to the EU merger process: