Dana Inc Q3 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Aileen Elizabeth Smith - BofA Securities, Research Division - Analyst : You cited the year-over-year margin compression in the quarter as being entirely attributable to rising commodity costs. I'm a little bit surprised given the stop and go production environment in the quarter and what should be operating deleverage off the back of that, especially with some

Question: Aileen Elizabeth Smith - BofA Securities, Research Division - Analyst : Okay. And then a question on the top line outlook for the fourth quarter to be sequentially flat with the third quarter. Is that consistent across each of your segments? Or are there certain end markets with a different trajectory? And specifically, when we look at light vehicle production schedules, I think the sequential outlook makes some sense, but just curious if this holds for the heavy vehicle markets as well.

Question: Aileen Elizabeth Smith - BofA Securities, Research Division - Analyst : Okay. And then a one last higher-level question for Jim, perhaps. Obviously, you've done about as well as could be expected in managing through the production volatility recently. As we think about visibility into next year, can you talk a bit about the planning process that you're implementing, if at all? And this isn't so much a question on any formal outlook for 2022, but more an operational question of how you come up with a game plan with your team and communicate things like if volumes were to be flat from current levels, here is where we would look to take cost out or if the volume environment were to recover meaningfully, here's how we manage it and plan for it if production schedules are still being revised week to week to week?