secwatch.observer — SEC 8-K summary
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Issuer:     Dauch Corp (DCH)
CIK:        0001062231
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001062231-22-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AAM Q3 sales $1.54B up 27% YoY; net income $26.5M vs loss; lowers FY 2022 guidance
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- Sales $1.54B vs $1.21B YoY; net income $26.5M ($0.22 EPS) vs net loss $(2.4)M ($(0.02) loss).
- Adjusted EPS $0.27 vs $0.15; Adjusted EBITDA $198.4M (12.9% of sales) vs $183.2M (15.1%).
- Full-year 2022 sales guidance narrowed to $5.75-$5.85B; Adjusted EBITDA guidance lowered to $745-$765M from $790-$830M.
- Adjusted free cash flow guidance reduced to ~$300M from $300-$350M; capital spending ~3-3.5% of sales.
- CEO cites semiconductor and supply chain challenges; company focused on cash flow and long-term EV drive technology.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1062231/000106223122000042/0001062231-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1062231/000106223122000042/axl-20221104.htm
  HTML page:      https://secwatch.observer/filing/0001062231-22-000042

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