Dana, Inc. (NYSE:DAN) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET
Company Participants
Craig Barber - Senior Director, IR and Corporate Communications
James Kamsickas - Chairman & CEO
Timothy Kraus - SVP & CFO
Conference Call Participants
Tom Narayan - RBC
Colin Langan - Wells Fargo
James Picariello - BNP Paribas
Bruno Dossena - Wolfe Research
Joe Spak - UBS
Dan Levy - Barclays
Operator
Good morning, and welcome to Dana Incorporated's Third Quarter 2024 Financial Webcast and Conference Call. My name is Regina, and I will be your conference facilitator. Please be advised that our meeting today, both the speakers' remarks and Q&A session will be recorded for replay purposes.
For those participants who would like to access the call from the webcast, please reference the URL on our website and sign in as a guest. [Operator Instructions]
At this time, I would like to begin the presentation by turning the call over to Dana's Senior Director of Investor Relations and Corporate Communications, Craig Barber. Please go ahead, Mr. Barber.
Craig Barber
Thank you, Regina. Good morning, everyone. Thank you for joining us today for Dana Incorporated's Third Quarter 2024 Earnings Call. Today's presentation includes forward-looking statements about our expectation for Dana's future performance. Actual results could differ from what we discuss today. For more details about the factors that could affect future results, please refer to our safe harbor statement found in our public filings and our reports with the SEC.
Before we proceed, I encourage you to visit our Investor website, where you'll find this morning's press release and presentation. As a reminder, today's call is being recorded and supporting materials are the property of Dana Incorporated. They may not be recorded, copied or rebroadcast without our written consent.
On the call this morning, we have Jim Kamsickas, Chairman and Chief Executive Officer; and Timothy Kraus, Senior Vice President and Chief Financial Officer.
Now we'll get started. I'll turn the call over to Jim.
James Kamsickas
Good morning, and thank you for joining us today. Please turn with me to Page 4, where I'll discuss the highlights from the third quarter of 2024.
Dana reported sales of $2.5 billion in the third quarter, lower than the prior year due to softening demand of electric vehicles across markets and reduced internal combustion engine vehicle sales for commercial trucks, off-highway equipment and certain light truck programs.