Dana Incorporated

Quarterly Results (Unaudited)

(In millions, except per share amounts)



2017	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	1,701	$	1,840	$	1,831	$	1,837
Gross margin	$	263	$	276	$	269	$	254
Net income (loss)	$	80	$	73	$	73	$	(110	)
Net income (loss) attributable to the parent company	$	75	$	71	$	69	$	(104	)
Net income (loss) per share available to parent company common stockholders
Basic	$	0.52	$	0.48	$	0.47	$	(0.74	)
Diluted	$	0.51	$	0.47	$	0.46	$	(0.74	)



2016	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	1,449	$	1,546	$	1,384	$	1,447
Gross margin	$	199	$	233	$	208	$	204
Net income	$	48	$	55	$	61	$	489
Net income attributable to the parent company	$	45	$	53	$	57	$	485
Net income per share available to parent company common stockholders
Basic	$	0.30	$	0.36	$	0.40	$	3.37
Diluted	$	0.30	$	0.36	$	0.39	$	3.34

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Note: Gross margin is net sales less cost of sales.

The net loss for the fourth quarter of 2017 includes a $27 pre-tax charge to adjust carrying value of our Brazil suspension components business to fair value and to recognize the liability for the additional cash required to be contributed to the business prior to closing and a tax charge of $186 to recognize the estimated effects of U.S. tax reform legislation enacted on December 22, 2017. Net income for the third and second quarters of 2017 includes a $13 and $6 pre-tax loss on extinguishment of debt. Net income for the fourth quarter of 2016 includes a combined loss of $80 ($52 after tax) on the divestiture of our Nippon Reinz Co. Ltd. and Dana Companies, LLC subsidiaries and a $476 credit resulting from the release of valuation allowance on our U.S. deferred tax assets of $501 net of an increase in valuation allowance of $25 in Brazil. Net income for the second quarter of 2016 includes a $17 pre-tax loss on extinguishment of debt.