Dana Incorporated reported second-quarter 2026 results with sales of $2.01 billion, up 4 percent year-over-year, and adjusted EBITDA of $207 million, representing a 10.3 percent margin compared to 7.6 percent in the prior year period. The company increased its full-year 2026 guidance, raising sales expectations by approximately $225 million to $7.65–$7.85 billion and adjusted EBITDA by $25 million to $800–$850 million. Dana also announced the restart of its share repurchase program, having returned $169 million year-to-date and planning an additional ~$200 million in buybacks before the end of 2026. Progress on the proposed combination with Eaton’s Mobility business remains on track for a first-quarter 2027 close using a split-off structure. Dana Incorporated is a global leader in the design and manufacture of propulsion solutions for light- and commercial-vehicle markets.

Dana Incorporated entered into the Eighth Amendment to its Credit and Guaranty Agreement on July 10, 2026, establishing a new $500.0 million senior secured delayed draw term loan A facility. The company intends to draw the facility in full around July 31, 2026, to redeem all outstanding 8.500% Senior Notes due 2031 at a redemption price of 104.250% of the principal amount plus accrued interest. The new facility matures 364 days after borrowing and requires quarterly amortization of 10% starting December 31, 2026. Dana Inc. is an automotive supplier that manufactures drivetrain and propulsion systems.

Dana Incorporated is amending its 8-K to disclose compensation arrangements for incoming CEO Byron S. Foster and Executive Chairman R. Bruce McDonald, effective July 1, 2026. Mr. Foster's agreement includes a $1,000,000 base salary and a 150% target annual incentive. Mr. McDonald's agreement includes a $700,000 base salary and a $5,000,000 target fair market value RSU award. Dana Inc is an automotive parts manufacturer and supplier.

Dana Incorporated entered into definitive agreements with Eaton Corporation plc to execute a Reverse Morris Trust transaction. Under the proposed combination, Eaton will spin off its Vehicle and eMobility business segments into a new entity called SpinCo, which will then merge with Dana. Upon completion, Dana will become a wholly-owned subsidiary of SpinCo and former Eaton shareholders will own approximately 49.9% of the combined entity. The transaction includes a $1.1 billion cash payment from SpinCo to Eaton and a $2.6 billion bridge loan facility from Goldman Sachs. Dana Inc is an automotive supplier specializing in drivetrain and propulsion systems.

Dana Incorporated announced a proposed combination with the Vehicle and eMobility business segments of Eaton Corporation plc. The transaction involves the creation of a new entity, Mobility (USA) Corporation (SpinCo), SpinCo shares will be issued to Eaton shareholders in an exchange offer. An exchange offer for SpinCo shares for Eaton ordinary shares will be following the following structure. Dana is an automotive component manufacturer that provides drivetrain-related products and services.