Business and Finance Business and Finance
Fri, January 24, 2025
[ 08:01 PM ] - MSN
5 Best Cryptos to Invest In January 2025 for Game-Changing Returns
[ 08:00 PM ] - MSN
Carvana's SWOT analysis: online used car retailer's stock rides growth wave
[ 07:40 PM ] - Reuters
BofA plans to engage with White House, Congress on debanking - spokesperson
[ 07:21 PM ] - Yahoo
'The purpose of these pardons is to create and encourage vigilantes and militias': J6 prosecutor
[ 07:21 PM ] - MSN
Becton, Dickinson and Company's SWOT analysis: med tech stock poised for growth
[ 07:20 PM ] - MSN
Niagara Falls business owner accused of wage theft
[ 06:00 PM ] - MSN
Kalshi's approach is regulation and trust upfront, co-founder says
[ 06:00 PM ] - MSN
Post Market Wrap: January 24, 2025
[ 05:40 PM ] - MSN
Kraken, Blockchain.com join crowd signing with Trump-tied lobbyists
[ 05:21 PM ] - TechCrunch
TechCrunch Disrupt 2025 tickets now on sale: Lowest rates ever
[ 05:20 PM ] - Reuters
Wall St slips with mixed data and earnings ahead of Fed week
[ 05:20 PM ] - Forbes
Predictions For 2025: Navigating AI, Pricing And Strategy Shifts
[ 05:00 PM ] - MSN
When I told the internet I'm paying off my 2% mor .. x to 'correct' me. They're wrong, and here's why.
[ 05:00 PM ] - MSN
Boeing lost $3.5 billion due to labor strikes and layoffs in the fourth quarter
[ 04:41 PM ] - MSN
Could Qubetics Be One of the Best Cryptos to Buy .. coin Cash Finds Support, and AAVE Breaks Barriers
[ 04:40 PM ] - CNET
Attention Business Travelers: These Chase Business Credit Cards Could Help You Save
[ 03:41 PM ] - MSN
Citi vice chair predicts a volatile year for the markets in 2025: 'So much' will happen
[ 03:41 PM ] - MSN
NextEra Energy CEO on earnings, Trump's energy agenda and gas generation business
[ 03:41 PM ] - MSN
Investors Can Grab Incredible Passive Income From 5 Stocks Trading at $5 or Less
[ 03:40 PM ] - MSN
McCormick takes "prudent" stance on outlook as China weakness persists
[ 03:20 PM ] - MSN
RealtyMogul Review 2025
[ 03:01 PM ] - MSN
We Love L.A.: Why California Needs a Bigger Tax I .. to Rebuild the Entertainment Capital of the World
[ 03:01 PM ] - MSN
Chase's auto loan division, whose partners includ .. n Martin, holds steady as other banks flee sector
[ 03:00 PM ] - MSN
Business Lookahead: Fed, ECB - and more from Trump
[ 02:40 PM ] - MSN
Venture Global CEO: We're by far the lowest cost liquefier in the world
[ 02:01 PM ] - MSN
Banner Corporation (NASDAQ:BANR) Q4 2024 Earnings Call Transcript
[ 02:01 PM ] - Time
Who Might Buy TikTok? From MrBeast to Elon Musk, Here Are the Top Contenders
[ 02:00 PM ] - Forbes
SoFi Stock Has Doubled As Investors Await Q4 Earnings
[ 02:00 PM ] - AOL
Dana's FY24 Preliminary Results Highlight Increased Margins Amid EV Demand Slowdown; Stock Jumps
[ 01:20 PM ] - Reuters
BNP Paribas' ESG rethink to focus on profitable sustainable finance

Dana's FY24 Preliminary Results Highlight Increased Margins Amid EV Demand Slowdown; Stock Jumps


Published on 2025-01-24 14:00:50 - AOL
  Print publication without navigation

  • Dana Incorporated (NYSE:DAN) shares traded higher on Friday after the company disclosed FY24 preliminary results, FY25 outlook and provided a business update. FY24 Preliminary Results: The company reported sales of around $10.

The article from AOL Finance discusses Dana Incorporated's preliminary financial results for the fiscal year 2024. Dana, a global leader in drivetrain and e-Propulsion systems, reported a sales increase to approximately $10.6 billion, up from $10.2 billion the previous year. Despite this growth, the company faced challenges including a $150 million impact from UAW strikes and a $100 million hit from foreign exchange rates. Adjusted EBITDA was expected to be between $850 million and $870 million, slightly below the initial guidance due to these external factors. The company also highlighted its strategic focus on electrification, with significant investments in electric vehicle components, aiming to capitalize on the growing EV market. Additionally, Dana announced plans for cost reduction and operational efficiency to mitigate the effects of the strikes and currency fluctuations.

Read the Full AOL Article at:
[ https://www.aol.com/finance/danas-fy24-preliminary-results-highlight-172936203.html ]
Contributing Sources