AAM Q4 2023 net loss $19.1M; full-year net loss $33.6M; 2024 sales guidance $6.05-$6.35B

Dauch Corp

2023-FY EPS reported -$0.29 revenue$6,079,500,000

Q4 2023 sales $1.46B, up from $1.39B YoY; net loss $(19.1)M vs net income $13.9M in Q4 2022.
Full-year 2023 sales $6.08B, up from $5.80B; net loss $(33.6)M vs net income $64.3M in 2022.
Adjusted EBITDA Q4 $169.5M (11.6% of sales) vs $157.7M (11.3%) YoY; full-year $693.3M (11.4%) vs $747.3M (12.9%).
2024 guidance: sales $6.05-$6.35B, Adj. EBITDA $685-$750M, Adj. free cash flow $200-$240M.
New business backlog 2024-2026 ~$600M annual sales; electrification mix ~50% vs 40% prior backlog.

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 full year 2024 results: revenue $6.05 - $6.35 billion. Guidance reaffirmed.

Period: full year 2024
Revenue: $6.05 - $6.35 billion
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

AAM's full year 2024 financial targets are as follows: • AAM is targeting sales in the range of $6.05 - $6.35 billion. • AAM is targeting Adjusted EBITDA in the range of $685 - $750 million. • AAM is targeting Adjusted free cash flow in the range of $200 - $240 million; this target assumes capital spending of approximately 4.0% - 4.5% of sales.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Dauch Corp reported fourth quarter and full year 2023 results: revenue Sales of $1.46 billion, net income Net loss of $(19.1) million, EPS Diluted loss per share of $(0.16).

Period: fourth quarter and full year 2023
Revenue: Sales of $1.46 billion
Net income: Net loss of $(19.1) million
EPS: Diluted loss per share of $(0.16)
Result: reported results

Exact text from the filing

AAM Reports Fourth Quarter and Full Year 2023 Financial Results AAM Delivers Sequential Margin Improvement DETROIT, February 16, 2024 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2023. Fourth Quarter 2023 Results • Sales of $1.46 billion • Net loss of $(19.1) million, or (1.3)% of sales • Adjusted EBITDA of $169.5 million, or 11.6% of sales • Diluted loss per share of $(0.16); Adjusted loss per share of $(0.09) • Net cash provided by operating activities of $52.9 million; Adjusted free cash flow of $4.5 million Full Year 2023 Results • Sales of $6.08 billion • Net loss of $(33.6) million, or (0.6)% of sales • Adjusted EBITDA of $693.3 million, or 11.4% of sales • Diluted loss per share of $(0.29); Adjusted loss per share of $(0.09) • Net cash provided by operating activities of $396.1 million; Adjusted free cash flow of $219.0 million

View on SEC.gov

Browse all earnings releases →

Dauch Corp filing history →

Source: SEC EDGAR

accession 0001062231-24-000005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.