secwatch.observer — SEC 8-K summary
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Issuer:     Dauch Corp (DCH)
CIK:        0001062231
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001062231-23-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AAM reports Q3 2023 net loss of $17.4M; UAW strike impact ~$15M sales, $4M EBITDA; FY guidance reduced
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- Q3 sales $1.55B (flat YoY); net loss $(17.4)M vs net income $26.5M in Q3 2022.
- Adjusted EBITDA $156.8M (10.1% of sales) vs $198.4M (12.9%) last year; hit by $13M warranty expense.
- UAW work stoppage impacted sales by ~$15M, adjusted EBITDA by ~$4M, and EPS by ~$0.03.
- Adjusted loss per share $(0.11) vs adjusted EPS $0.27 in prior year.
- FY 2023 guidance: sales $6.0-$6.1B, Adj EBITDA $660-$685M; assumes production resumes early Nov.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1062231/000106223123000061/0001062231-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1062231/000106223123000061/axl-20231103.htm
  HTML page:      https://secwatch.observer/filing/0001062231-23-000061

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