Dana — Aug 5, 2025 release

We expect to return an additional $100 to $150 million to shareholders in the third quarter and approximately $600 million by the end of the year. Meanwhile, our expanded $310 million cost-savings initiative is progressing well, with nearly $60 million realized in the second quarter and $110 million to date—underpinning our commitment to deliver 10% adjusted EBITDA margin in 2026.” Sales for continuing operations in the second quarter of 2025 totaled $1.95 billion, compared with $2.05 billion in the same period of 2024. Loss before tax was $24 million compared with a loss of $53 million in the second quarter of 2024. Adjusted EBITDA for the second quarter of 2025 was $145 million or 7.5 percent of sales, compared with $110 million or 5.4 percent of sales for the same period in 2024. The company’s cost-savings program has mitigated the margin impact of lower volumes, tariffs, and cost inflation. Operating cash flow in the second quarter of 2025 was $36 million, compared with $215 million in the same period of 2024. Adjusted free cash flow was a use of $5 million, compared with $104 million in the second quarter of 2024. “Our accelerated cost-saving initiatives and efficiency improvements continue to mitigate the impact of tariffs and inflation,” said Timothy Kraus, Dana’s senior vice president and chief financial officer. “We are actively working with our customers to recover the majority of these costs within the year. Additionally, as previously noted, we are now reporting results and guidance only for continuing operations.