AAM Q2 sales up 9% to $1.57B but net income falls to $8.0M; guidance unchanged

Dauch Corp

2023-Q2 EPS reported $0.02 revenue$3,064,600,000

Sales of $1.57B, up from $1.44B in Q2 2022.
Net income $8.0M ($0.07 diluted EPS); adjusted EPS $0.12 vs $0.22 in Q2 2022.
Adjusted EBITDA $191.6M (12.2% of sales) vs $195.1M (13.6%) in Q2 2022.
Adjusted free cash flow $95.8M vs $114.3M in Q2 2022.
FY 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 0.9

Dauch Corp reported the second quarter 2023 results: revenue $1.57 billion, net income $8.0 million, EPS $0.07. Guidance reaffirmed.

Period: the second quarter 2023
Revenue: $1.57 billion
Net income: $8.0 million
EPS: $0.07
Guidance: reaffirmed
Result: reported results

Exact text from the filing

AAM Reports Second Quarter 2023 Financial Results Delivers Strong Cash Flow DETROIT, August 4, 2023 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the second quarter 2023. Second Quarter 2023 Results • Sales of $1.57 billion • Net income of $8.0 million, or 0.5% of sales • Adjusted EBITDA of $191.6 million, or 12.2% of sales • Diluted earnings per share of $0.07; Adjusted earnings per share of $0.12

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Source: SEC EDGAR

accession 0001062231-23-000053

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