Dana incorporated reports 2023 record sales and profit growth of 21 percent, including margin improvement of 110 basis points; company increases new business sales backlog to record $950 million

Full-year results sales of $10.6 billion, an increase of $0.4 billion or 4 percent over last year net income of $38 million, compared with a net loss of $242 million in 2022 adjusted ebitda of $845 million, an increase of $145 million over last year adjusted ebitda margin of 8 percent, a 110-basis-point improvement compared with 2022 operating cash flow of $476 million record three-year new business sales backlog of $950 million, a $50 million increase over prior backlog 2024 guidance of approximately 3 percent increase in sales, 10 percent increase in adjusted ebitda, $75 million increase in free cash flow  maumee, ohio, feb. 20, 2024 /prnewswire/ -- dana incorporated (nyse: dan) today announced financial results for the fourth quarter and full-year 2023. "with record sales reaching $10.6 billion for 2023, dana continues its strong trajectory built on our balanced approach of supplying both conventional and clean-energy solutions to nearly every vehicle manufacturer around the globe.
DAN Ratings Summary
DAN Quant Ranking