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Dana Incorporated reported FY24 preliminary results, with sales at $10.3 billion and adjusted EBITDA at $885 million. FY25 outlook includes sales of $9.5-10.0 billion, adjusted EBITDA of $925 million-$1.025 billion, and free cash flow of $175-275 million. The company plans to restructure its business segments and expects to sell the Off-Highway segment to unlock shareholder value and reduce leverage.
01-24 23:29
Spirit Airlines extends its debt deadlines amid bankruptcy speculations, while JetBlue's founder argues that Frontier would have been a better match after their failed merger.
2024-10-20 01:30
Bloomin' Brands (BLMN) reports lower Q2 EPS and sales, impacted by restaurant closures and openings, explores strategic alternatives for Brazil operations.
2024-08-06 21:30
Centuri, a subsidiary of Southwest Gas Holdings, is launching an IPO of 12.4M shares on NYSE with an option for 1.86M more, priced between $18-$21. Carl Icahn's entities also plan to invest.
2024-04-09 21:54