AAM Q1 net loss $5.1M on $1.49B sales; wins Stellantis electric beam axle contract

Dauch Corp

2023-Q1 EPS reported -$0.04 revenue$1,493,900,000

Q1 sales $1.49B vs $1.44B YoY; net loss $(5.1)M vs net income $1.0M YoY.
Adjusted EBITDA $175.4M (11.7% of sales), down from $196.1M (13.7%) YoY.
Diluted EPS $(0.04); adjusted EPS $(0.01); adjusted free cash flow $(17.1)M.
Selected by Stellantis to supply electric beam axles for future EV program.
Full-year 2023 guidance unchanged: sales $5.95-$6.25B, Adj. EBITDA $725-$800M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Dauch Corp reported first quarter 2023 results: revenue $1.49 billion, net income $(5.1) million, EPS $(0.04). Guidance reaffirmed.

Period: first quarter 2023
Revenue: $1.49 billion
Net income: $(5.1) million
EPS: $(0.04)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

5, 2023 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the first quarter 2023. First Quarter 2023 Results • Sales of $1.49 billion • Net loss of $(5.1) million, or (0.3)% of sales • Adjusted EBITDA of $175.4 million, or 11.7% of sales • Diluted loss per share of $(0.04); Adjusted loss per share of $(0.01) •

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Source: SEC EDGAR

accession 0001062231-23-000041

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