Dana — Jan 24, 2025 release

“While sales are expected to be lower for the year, mainly driven by lower demand for off-highway equipment and translation of foreign currency, the impact of our cost-savings actions totaling $175 million in 2025 and efficiency improvements will drive higher margins. Improved working capital efficiency and reduced capital expenditures will increase free cash flow. Primarily due to the annualized benefit of our cost reduction actions, we expect 2026 adjusted EBITDA margin of between 9.5 to 10.5 percent. Over the business cycle we expect free cash flow to be approximately four percent of sales and maintain one times net leverage.” Dana to Host Conference Call at 9 a.m., Friday, Jan. 24 Dana will discuss its third-quarter results in a conference call at 9 a.m. EST on Friday, Jan. 24. The conference call can be accessed by telephone from both domestic and international locations using the information provided below: Conference ID: 9943139 Participant Toll-Free Dial-In Number: 1 (888) 440-5873 Participant Toll Dial-In Number: 1 (646) 960-0319 Audio streaming and slides will be available online via a link provided on the Dana investor website: www.dana.com/investors . Phone registration will be available beginning at 8:30 a.m. EST. A webcast replay can be accessed via Dana’s investor website following the call.   2 Non-GAAP Financial Measures Adjusted EBITDA is a non-GAAP financial measure which we have defined as net income (loss) before interest, income taxes, depreciation, amortization, equity grant expense, restructuring expense, non-service cost components of pension and other postretirement benefit costs and other adjustments not related to our core