Is Dana Incorporated a Buy?

Dana Incorporated is a global provider of power transmission and energy management systems for vehicles and industrial machinery, operating across North America, Europe, South America, and Asia Pacific. The company organizes its business into four distinct segments. The Light Vehicle Drive Systems division offers components such as axles, driveshafts, e-axles, and transmissions, alongside electrodynamic and drivetrain parts. These products support various propulsion types—electric, hybrid, and internal combustion—for passenger cars, light trucks, SUVs, and vans. The Commercial Vehicle Drive and Motion Systems segment focuses on heavy-duty applications, supplying axles, driveshafts, electric axles, and e-transmissions. It also provides electrodynamic and drivetrain components, electric vehicle integration services, and software solutions for medium and heavy trucks, buses, and specialized vehicles. For rugged applications, the Off-Highway Drive and Motion Systems segment delivers a range of products including axles, driveshafts, transmissions, and various gearboxes (e.g., planetary hub drives, helical, bevel-helical). It also provides e-axles, e-drives, and electrodynamic, hydraulic, and drivetrain components, serving sectors like construction, earth moving, agriculture, mining, forestry, and material handling, as well as industrial stationary applications. Finally, the Power Technologies segment specializes in sealing and thermal management solutions. This includes gaskets, cover modules, heat shields, and cooling systems, as well as bipolar fuel cell plates, encompassing e-thermal management, catering to light, medium/heavy, and off-highway vehicles. Founded in 1904, the company changed its name from Dana Holding Corporation to Dana Incorporated in August 2016 and is headquartered in Maumee, Ohio.