Dana Incorporated (NYSE:DAN) Q1 2024 Earnings Call Transcript

Timothy Kraus: Yes. I mean, so it’s obviously a lot of it has – is timing, both on what we spent last year relative to the programs, but also how the program timing and payment schedule works this year. I wouldn’t read too much into the full $50 million being already realized because there is a lot of timing elements in there from a quarter-to-quarter so.

Trevor Young: Okay. Appreciate it.

Timothy Kraus: We’re still comfortable with the $450 million for the full year.

Trevor Young: Got it. Thanks.

Jim Kamsickas: Okay. Craig point says, go ahead and wrap it up. So I’ll wrap it up very briefly today. First of all, as I always do, thank you very much for your time and attendance and the privilege of your time. I would say that, to use a sports analogy, it’s a four-quarter game, we just got through the first quarter. I think the collective team at Dana did an excellent job getting off to a fast start, or at least a good start. And that doesn’t happen by accident, it happens by having really strong business and operating systems that you allow your systems to run your business and then you go execute. And as you heard me recently and many other times say, it’s all about company-wide efficiencies, continued benefits from customers, running more stable schedules, having differentiating technology, and a focus on your customer. Team continues to execute on that, and that leads to the [technical difficulty]

Operator: Ladies and gentlemen that does conclude today’s call. Thank you all for joining. You may now disconnect.