DAN's Growth Comparisons in III. Quarter 2024
Although the Auto & Truck Parts industry saw Revenue decrease just by -3.31%, Dana Incorporated announced -7.23% year on year sales decline in the third quarter 2024, to $ 2.48 billions, and underperformed the -1.65% Revenue decrease in the Consumer Discretionary sector. Weak third quarter sales, in Auto & Truck Parts industry and within the Consumer Discretionary sector, were reflected in Dana Incorporated results which underperformed overall market.
Top-line fell by -9.57% from the second quarter. Average annual sales growth for Dana Incorporated is 5.33%, while S & P 500's average yearly sales increase is 7.78%, including only Businesses with the third quarter 2024 financial results.
Segment Name |
Y / Y |
Seq. |
Light Vehicle Segment |
|
-4.7 % |
-8.75 % |
Commercial Vehicle Segment |
|
-7.66 % |
-6.26 % |
Off-Highway Segment |
|
-15.16 % |
-15.95 % |
Power Technologies Segment |
|
3.54 % |
-3.3 % |
North America |
|
-3.23 % |
-10.58 % |
North America Light Vehicle Segment |
|
-5.45 % |
- |
North America Commercial Vehicle Segment |
|
-7.59 % |
- |
North America Off-Highway Segment |
|
3.41 % |
- |
North America Power Technologies Segment |
|
10.3 % |
- |
Europe |
|
-13.75 % |
-14.88 % |
Europe Light Vehicle Segment |
|
4.11 % |
- |
Europe Commercial Vehicle Segment |
|
-1.43 % |
- |
Europe Off-Highway Segment |
|
-22.58 % |
- |
Europe Power Technologies Segment |
|
-5.98 % |
- |
South America |
|
5.18 % |
-0.98 % |
South America Light Vehicle Segment |
|
4.17 % |
- |
South America Commercial Vehicle Segment |
|
7.55 % |
- |
South America Off-Highway Segment |
|
-14.29 % |
- |
South America Power Technologies Segment |
|
0 % |
- |
Asia Pacific |
|
-12.04 % |
1.99 % |
Asia Pacific Light Vehicle Segment |
|
-13.02 % |
- |
Asia Pacific Commercial Vehicle Segment |
|
-37.68 % |
- |
Asia Pacific Off-Highway Segment |
|
-1.35 % |
- |
Asia Pacific Power Technologies Segment |
|
4.76 % |
- |
Light Vehicle Reporting Reconciling Item Excluding Corporate Nonsegment |
|
2.13 % |
- |
Commercial Vehicle Reporting Reconciling Item Excluding Corporate Nonsegment |
|
-17.65 % |
- |
Off-Highway Reporting Reconciling Item Excluding Corporate Nonsegment |
|
53.85 % |
- |
Power Technologies Reporting Reconciling Item Excluding Corporate Nonsegment |
|
0 % |
- |
Eliminations and Other Reporting Reconciling Item Excluding Corporate Nonsegment |
|
- |
- |
Total |
|
-7.23 % |
-9.57 % |
As Dana Incorporated's income per share faded by -76.92% year on year in the third quarter, Auto & Truck Parts industry grew by 24.88%, Dana Incorporated's third quarter performance was trailing Auto & Truck Parts, and underperformed the 23% EPS increase in the Consumer Discretionary sector. Although both Auto & Truck Parts industry and Consumer Discretionary sector posted higher gains than -6.46% overall market increase, Dana Incorporated was trailing overall market in the third quarter.
Bottom-line fell by -72.73% from the second quarter results. Comparing the annual growth, income per share of -38.31% on average in last five years, to the S & P 500's, including only Businesses with the third quarter 2024 earnings, average yearly income per share growth is 7.48%. Dana Incorporated grew less than the market.