AAM Q1 net income $20.5M vs loss year ago; sales $1.61B up 8%

Dauch Corp

2024-Q1 EPS reported $0.17 revenue$1,606,900,000

Net income of $20.5M ($0.17 diluted EPS) vs net loss of $5.1M ($(0.04)) in Q1 2023.
Adjusted EPS $0.18 vs adjusted loss per share $(0.01); Adjusted EBITDA $205.6M (12.8% sales) vs $175.4M (11.7%).
Sales $1.61B, up from $1.49B, driven by volume and mix improvement.
Full-year 2024 guidance reaffirmed: sales $6.05-$6.35B, Adj. EBITDA $685-$750M, Adj. FCF $200-$240M.
Net cash from ops $17.8M; Adj. free cash flow use of $(21.4)M.

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 0.95

Dauch Corp reported first quarter 2024 results: revenue $1.61 billion, net income $20.5 million, EPS $0.17.

Period: first quarter 2024
Revenue: $1.61 billion
Net income: $20.5 million
EPS: $0.17
Result: reported results

Exact text from the filing

AAM Reports First Quarter 2024 Financial Results AAM Starts 2024 With Solid Performance DETROIT, May 3, 2024 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the first quarter 2024. First Quarter 2024 Results • Sales of $1.61 billion • Net income of $20.5 million, or 1.3% of sales • Adjusted EBITDA of $205.6 million, or 12.8% of sales • Diluted earnings per share of $0.17; Adjusted earnings per share of $0.18

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Source: SEC EDGAR

accession 0001062231-24-000052

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