From The Motley Fool · The Motley Fool Team · · 30s
Dana's 3 Long-Term Investor Takeaways
Dana targets $250m in synergies from Eaton Mobility deal by 2027.
In brief
Dana targets $250m in synergies from Eaton Mobility deal by 2027. Dana expects $7.8 billion full-year sales, $250 million in annual synergies from Eaton Mobility, and $325 million in cost savings by year end. Originally reported by The Motley Fool.
Full-Year Sales Outlook
Dana raised its full-year sales outlook to $7.8 billion at the midpoint.
Eaton Mobility Synergy Targets
Management targets $250 million in annual Eaton transaction synergies.
“Our target for synergies is $250 million of run rate within 24 months post close”
Cost Savings Progress
Cost savings are on track to reach $325 million by year end.
“Our cost savings program is on track to deliver 325 million here at the end of Q4”
The takeaway
Dana expects $7.8 billion full-year sales, $250 million in annual synergies from Eaton Mobility, and $325 million in cost savings by year end.
