Yesterday, Dana guided to FY24 sales of $10.65B-$11.15B; Adjusted EBITDA of $875M-$975M, an implied adjusted EBITDA margin of approximately 8.5% at the midpoint of the range; Operating cash flow of approximately $475M-$525M; Free cash flow of $25M-$75M; and diluted EPS of 35c-85c. “Finishing 2023 with strong results has set the stage for continued profitable growth. In 2024, we expect another record sales year, further improved margins, and higher free cash flow as we leverage the improved cross-company efficiencies and begin to benefit from the record number of new and refreshed vehicle programs,” said senior vice president and CFO Timothy Kraus. The current FY24 revenue consensus is $10.98B.
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