Dana Lifts Q3 EBITDA to $218M, Adds $100M Buyback
MAUMEE, Ohio – October 29, 2026 -- Dana Incorporated (NYSE: DAN) raised third-quarter adjusted EBITDA by $56 million to $218 million, lifting its margin 220 basis points to 10.7 percent. The supplier also announced an additional $100 million of share repurchases for the fourth quarter of 2026.
Sales rise $121 million on commercial vehicle demand
Third-quarter sales reached $2.04 billion, compared with $1.92 billion a year earlier. Dana attributed the increase mainly to stronger commercial vehicle demand, backlog conversion, and commercial and cost-recovery actions.
Adjusted EBITDA compares with $162 million and an 8.5 percent margin in the prior-year quarter. Cost savings, operational efficiency gains, and commercial initiatives drove the improvement. Dana has booked $60 million in cost savings year to date.