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Dana Reports Q3 Net Loss, Revenue Gain

October 27, 2022


Dana Inc. posted mixed results in the third quarter, citing ongoing supply and production disruptions.

In the quarter ended Sept. 30, Dana reported a net loss attributable to the company of $88 million, or a loss of 61 cents per diluted share, compared with net income of $50 million, or 33 cents, a year earlier.

The company reported the net loss was related to a commercial vehicle goodwill impairment charge attributed to continuing cost inflation, demand pattern disruptions and higher discount rates.

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