Dana Incorporated (NYSE: DAN) reported Q1 EPS of $0.47, $0.20 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.92 billion.

First-quarter Highlights

• Sales of $1.93 billion
• Net income attributable to Dana of $38 million; diluted EPS of $0.26
• Adjusted EBITDA of $205 million, margin of 10.6 percent of sales
• Diluted adjusted EPS of $0.47

"The response to the global pandemic is presenting unprecedented challenges for Dana as well as our people, customers, suppliers, and communities," said James Kamsickas, Dana chairman and CEO. "The rapid onset of containment measures and disruption to production schedules has challenged our organization like never before. However, I am very proud of how our people have responded and the decisive actions we have taken to protect our employees, communities, customers, and future. As we work toward bringing our operations back online, we will continue to take appropriate measures to ensure the safety of our people while also serving the needs of our customers."

"The strength of our balance sheet and capital structure has given us the flexibility to manage through this period of significantly lower production volumes," said Jonathan Collins, Dana executive vice president and chief financial officer. "We are confident that we have ample liquidity and further cost-management actions available as we navigate these uncertain times."

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