$DAN (Dana Holding Corporation)

$DAN {{ '2016-02-24T07:43:09+0000' | timeago}} • Announcement

Driveline and sealing products maker $DAN said its BoD has declared a quarterly dividend of $0.06 per share, payable April 1, 2016 to holders of its common stock on March 11, 2016.

$DAN {{ '2017-10-30T18:15:51+0000' | timeago}} • Announcement

$DAN, an automobile engineering firm, has appointed Nick Stavrakis as Managing Director for its Australia and New Zealand operations, effective November 20. Most recently, Stavrakis served SAF-Holland Australia as Managing Director. He has held various leadership positions in the industry, including CEO and Business Development.

$DAN {{ '2017-09-21T13:22:15+0000' | timeago}} • Announcement

$DAN, provider of engineering solutions, has selected Christophe Dominiak as its new SVP and Chief Technology officer.  He replaces George Constand, who is retiring. Dominiak was the VP of global engineering for Dana's Off-Highway Drive and Motion Technologies business since Feb 2016.

$DAN {{ '2017-08-31T14:30:39+0000' | timeago}} • Announcement

Matthew Fahnestock has joined $DAN as VP and CIO. In this role, Fahnestock will oversee the development and implementation of Dana's enterprise-wide information technology strategy. He most recently served as SVP and CIO for Columbia Pipeline Group.

$DAN {{ '2017-08-18T11:00:57+0000' | timeago}} • Announcement

Engineering firm $DAN has decided to issue a notice of redemption for the remaining $350MM aggregate principal amount of its outstanding 5.375% senior notes due 2021. The notes will be redeemed at a price equal to 102.688% of their principal amount, plus accrued and unpaid interest.

$DAN {{ '2017-07-31T14:49:27+0000' | timeago}} • Announcement

With the improved customer demand in the horizon, $DAN has shifted gears for full-year guidance across the board. The sales guidance was lifted to $6.8-7Bil from $6.2-6.4Bil and adjusted diluted EPS forecast was increased to $2.20-2.40 from $1.60-1.80. The capital spending estimate went north to $380-420MM from $350-370MM.

$DAN {{ '2017-07-31T14:32:57+0000' | timeago}} • Announcement

$DAN had a speed-breaker-free drive in sales of all four major segments – Light Vehicle at $803MM, Commercial Vehicle $357MM, Off-highway $395MM and Power Technologies at $285MM for 2Q17. This was better than last year's sales of $669MM, $349MM, $252MM and $276MM respectively. In all, the company logged an 11% organic growth in sales in 2Q17.

$DAN {{ '2017-07-31T14:26:03+0000' | timeago}} • Announcement

It was a well-oiled quarter for $DAN as its net income drove up the graph by 34% to $71MM in 2Q17 riding on the improved market conditions and recent acquisitions. Putting hammer to the floor, Dana Holding raised the revenue to $1.84Bil, a 19% YoY growth. The EPS was $0.48, up from $0.36 in the same period last year.

$DAN {{ '2017-07-27T15:46:31+0000' | timeago}} • Announcement

The BoD of $DAN has declared a quarterly dividend of $0.06 per share. The dividend is payable on Sept. 1, 2017, to shareholders as on Aug. 11, 2017.

$DAN {{ '2017-05-18T17:23:01+0000' | timeago}} • Announcement

$DAN will build a new 7,500 square-meter manufacturing facility in Chongqing, China. Scheduled to open in late 2018, the plant will produce drive units with integrated Spicer SmartConnect disconnecting all-wheel-drive technology as part of a global program for a major automaker. $DAN will invest about $13MM to build out the new operation.

$DAN {{ '2017-05-18T15:41:49+0000' | timeago}} • Announcement

$DAN said it will build a new 7,500 square-meter (80,000 square-foot) manufacturing facility in Chongqing, China. $DAN will invest about $13MM to build out the new operation, which will employ about 130 highly qualified associates when full production is reached in 2020.

$DAN {{ '2017-04-28T17:28:21+0000' | timeago}} • Announcement

$DAN's BoD declared a quarterly dividend of $0.06 per share of common stock. The dividend is payable on June 2, 2017, to shareholders of record as of May 12, 2017.

$DAN {{ '2017-04-05T13:16:47+0000' | timeago}} • Announcement

$DAN broke ground on a state-of-the-art gear manufacturing facility in Europe to support new business in the region. The company is investing about EUR46MM in the new facility, which will begin production in early 2018 employing about 200 highly qualified associates when full production is reached in 2020.

$DAN {{ '2017-04-04T17:25:24+0000' | timeago}} • Announcement

$DAN lifted from $75MM to $100MM of its 5.375% Senior Notes due 2021 it has offered to purchase pursuant to the tender offer previously announced by $DAN on March 21, 2017. $DAN decided to exercise its right to accept for early purchase those notes tendered on April 3, 2017 and expects early settlement to occur on April 4, 2017.

$DAN {{ '2017-04-04T17:19:07+0000' | timeago}} • Announcement

$DAN's indirect subsidiary Dana Financing Luxembourg closed its offering of $400MM of 5.750% Senior Notes due 2025.  In connection with the issuance of the 2025 Notes, the subsidiary entered into a U.S. dollar–Euro swap, which has effectively fixed the interest cost to $DAN on the 2025 Notes at 3.85%.

$DAN {{ '2017-02-17T16:15:20+0000' | timeago}} • Announcement

$DAN's BoD declared a quarterly dividend of $0.06 per share of its common stock. The dividend is payable on March 24, 2017, to stockholders of record as of March 3, 2017.

$DAN {{ '2017-02-13T13:11:53+0000' | timeago}} • Announcement

$DAN enters into a definitive agreement to purchase axle housing and driveline shaft manufacturing operations from U.S. Manufacturing Corporation (USM). Under the terms of the agreement $DAN will acquire USM's Warren, Michigan, assets in exchange for $100MM in cash. The purchase is expected to close in 1Q17.

$DAN {{ '2017-02-02T16:46:26+0000' | timeago}} • Announcement

$DAN completed the acquisition of the power-transmission and fluid power businesses of Brevini Group, S.p.A. $DAN purchased an 80% share in the Brevini businesses, with an option to buy the balance 20% by 2020. $DAN has valued the business at EUR 325MM total. The transaction was funded with cash on hand.

$DAN {{ '2017-01-10T14:41:06+0000' | timeago}} • Announcement

$DAN entered into a multi-year commercial sales agreement with $NAV for driveline components for on-highway, city-delivery, bus, and vocational vehicles. Through this deal, $NAV has access to the full range of $DAN’s current driveline product offerings. $DAN will also remain the standard-position driveshaft supplier across all $NAV truck models.

$DAN {{ '2016-11-18T12:22:28+0000' | timeago}} • Webcast

$DAN agreed to purchase the power-transmission and fluid power businesses of Brevini Group, S.p.A. Under terms of the agreement, $DAN plans to initially purchase an 80% share in the Brevini, with an option to purchase the remaining 20% by 2020.  The acquisition will immediately expand $DAN's product portfolio, the company said.

$DAN {{ '2016-10-12T12:36:16+0000' | timeago}} • Announcement

$DAN has agreed to purchase the manufacturing and other assets of Brazil-based company SIFCO SA. The transaction is subject to regulatory approvals and final financial terms are subject to the outcome of the closing conditions. The transaction is expected to be completed by the end of 2016.

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