secwatch.observer — SEC 8-K summary
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Issuer:     Dauch Corp (DCH)
CIK:        0001062231
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001062231-23-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1062231/000106223123000041/0001062231-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1062231/000106223123000041/axl-20230505.htm
  HTML page:      https://secwatch.observer/filing/0001062231-23-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer