Dauch Corp reported first quarter 2026 results: revenue $2.38 billion, net income $(100.3) million, EPS $(0.52). Guidance raised.
“DETROIT, May 8, 2026 -- Dauch Corporation ("Dauch") (NYSE: DCH; LSE: DCH) today reported its financial results for the first quarter 2026. First Quarter 2026 Results • Sales of $2.38 billion • Net loss attributable to Dauch of $(100.3) million, or (4.2)% of sales • Adjusted EBITDA* of $308.5 million, or 13.0% of sales • Diluted loss per share of $(0.52); Adjusted”
Shareholder Votes
Dauch Corp shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026 at the 2026-04-30 meeting.
“The proposal to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026 was approved with the votes shown below.”
Shareholder Votes
Dauch Corp shareholders approved Approval of Amended and Restated 2018 Omnibus Incentive Plan at the 2026-04-30 meeting.
“Dauch's stockholders voted to approve the Plan by the vote shown below.”
Shareholder Votes
Dauch Corp shareholders approved Advisory vote on named executive officer compensation at the 2026-04-30 meeting.
“Dauch's stockholders voted for, on a non-binding, advisory basis, the compensation of Dauch's officers, by the vote shown below.”
Shareholder Votes
Dauch Corp shareholders approved Election of three directors to serve for three-year terms expiring in 2029. at the 2026-04-30 meeting.
“At the meeting, Dauch's stockholders voted on four proposals and cast their votes as shown below.”
Shareholder Votes
Dauch Corp shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2026-04-30 meeting.
“Proposal 4: Ratification of appointment of Deloitte & Touche LLP as AAM’s independent registered public accounting firm for the year ending December 31, 2026 The proposal to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026 was approved with the votes shown below. Number of Votes For 170,779,885 Against 13,984,584 Abstain 32,172”
Shareholder Votes
Dauch Corp shareholders approved Approval of Amended and Restated 2018 Omnibus Incentive Plan at the 2026-04-30 meeting.
“Proposal 3: Approval of Amended and Restated 2018 Omnibus Incentive Plan Dauch’s stockholders voted to approve the Plan by the vote shown below. Number of Votes For 150,375,444 Against 17,348,581 Abstain 97,208 Broker Non Vote 16,975,408”
Shareholder Votes
Dauch Corp shareholders voted on Advisory vote on named executive officer compensation at the 2026-04-30 meeting.
“Proposal 2: Advisory vote on named executive officer compensation Dauch’s stockholders voted for, on a non-binding, advisory basis, the compensation of Dauch’s officers, by the vote shown below. Number of Votes For 157,836,966 Against 9,946,156 Abstain 38,111 Broker Non Vote 16,975,408”
Shareholder Votes
Dauch Corp shareholders voted on Election of Directors at the 2026-04-30 meeting.
“Proposal 1: Election of Directors The following directors were nominated to serve for three-year terms expiring at the annual meeting of stockholders in 2029. Results of the election are shown below. Number of Votes Nominee For Against Abstain Broker Non Votes Terry Grayson-Caprio 166,606,334 1,158,329 56,570 16,975,408 Sandra E. Pierce 164,099,246 3,668,661 53,326 16,975,408 James A. McCaslin 146,672,019 21,084,671 64,543 16,975,408”
M&A Transactions
Dauch Corp completed an acquisition involving Dowlais Group plc for 43 pence per share in cash and 0.0881 new shares of common stock of the Company (closed 2026-02-03).
“cquire the entire issued and to be issued share capital of Dowlais Group plc (“ Dowlais ”), a public limited company incorporated in England and Wales (the “ Business Combination ”).”
Governance Changes
Dauch Corp: Increased number of authorized shares from 150,000,000 to 375,000,000 (effective 2026-01-30).
“On January 30, 2026, the Company filed an amendment to its Certificate of Incorporation (the “ Share Capital Amendment ”) with the Secretary of State of the State of Delaware to effect the Share Capital Increase, which became effective upon filing.”
Governance Changes
Dauch Corp: Bylaws amended solely to reflect the name change to Dauch Corporation (effective 2026-01-26).
“the Board also approved, in accordance with the DGCL and the Company's organizational documents, the Company's Fourth Amended and Restated Bylaws (the " Fourth Amended and Restated Bylaws "), which were amended to reflect the Name Change. The Fourth Amended and Restated Bylaws effect no other changes to the Company's bylaws.”
Governance Changes
Dauch Corp: Company changed its name to Dauch Corporation via amendment to Certificate of Incorporation (effective 2026-01-26).
“On January 23, 2026, American Axle & Manufacturing Holdings, Inc., a Delaware corporation (the " Company "), changed its name to Dauch Corporation by filing an amendment to its Certificate of Incorporation (the " Name Change Amendment ") with the Secretary of State of the State of Delaware (the " Name Change "). The Name Change and the Name Change Amendment became effective at 12:01 a.m. Eastern Time on January 26, 2026.”
Debt Financings
Dauch Corp incurred senior notes of $1.25 billion in aggregate principal amount of 7.750% senior unsecured notes due 2033 with U.S. Bank Trust Company, National Association at 7.750% maturing October 15, 2033.
“and $1.25 billion in aggregate principal amount of 7.750% senior unsecured notes due 2033 (the “Unsecured Notes,” and together with the Secured Notes, the “Notes”).”
Debt Financings
Dauch Corp incurred senior notes of $850 million aggregate principal amount of 6.375% senior secured notes due 2032 with U.S. Bank Trust Company, National Association at 6.375% maturing October 15, 2032.
“On October 3, 2025, American Axle & Manufacturing, Inc. (the “Issuer”), a Delaware corporation and wholly owned subsidiary of American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) (the “Company”) issued $850 million in aggregate principal amount of 6.375% senior secured notes due 2032 (the “Secured Notes”)”
Terry Grayson-Caprio was elected as Independent Director at Dauch Corp.
“On March 12, 2025, the Board of Directors of American Axle & Manufacturing Holdings, Inc. (“AAM”) elected Terry Grayson-Caprio as an independent director of the Board.”
Debt Financings
Dauch Corp incurred loan of $500.0 million with JPMorgan Chase Bank, N.A. (as administrative agent).
“pursuant to which the Second Lien Bridge Lenders have agreed to provide AAM with a $500.0 million interim loan facility in connection with the Business Combination”
Debt Financings
Dauch Corp incurred loan of $843.0 million with JPMorgan Chase Bank, N.A. (as administrative agent).
“pursuant to which the First Lien Bridge Lenders have agreed to provide AAM with a $843.0 million interim loan facility in connection with the Business Combination”
Debt Financings
Dauch Corp incurred term loan of $843 million.
“provides for an $843 million incremental term loan B facility to be provided to AAM as borrower in connection with the Business Combination”
Debt Financings
Dauch Corp amended revolving credit of $1,495 million with JPMorgan Chase Bank, N.A. (as administrative agent) maturing five-year anniversary of the closing of the Business Combination.
“The Second Amendment (i) increased the maximum revolving credit facility amount under the Credit Agreement to $1,495 million, effective upon closing of the Business Combination (as defined below), (ii) provides for an $843 million incremental term loan B facility to be provided to AAM as borrower in connection with the Business Combination, (iii) extended the maturity of the revolving credit facility and the tranche A term loan facility to the five-year anniversary of the Second Amendment effective date, with a renewed maturity extension upon the closing of the Business Combination to the five-year anniversary of the closing of the Business Combination, and (iv) effected certain other changes thereto.”
Debt Financings
Dauch Corp incurred term loan of $648 million with JPMorgan Chase Bank, N.A., as administrative agent; New Tranche B Term Lenders at Adjusted Term SOFR Rate plus 3.00% per annum; alternate base rate plus 2.00% per maturing December 13, 2029.
“party thereto from time to time as a lender, and the Administrative Agent. Pursuant to the Refinancing Facility Agreement, the New Tranche B Term Lenders agreed to provide a $648 million term loan B facility (the “ New Term Loan B Facility ”), the proceeds from which, together with cash on hand of AAM, were used to (a) prepay the entire principal amount of the”
Material Agreements
Dauch Corp amended Refinancing Facility Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $648 million (effective 2024-05-16).
“On May 16, 2024, American Axle & Manufacturing Holdings, Inc. (“ Holdings ”), American Axle & Manufacturing, Inc., a wholly owned subsidiary of Holdings (“ AAM ”) entered into the Refinancing Facility Agreement No. 2 (the “ Refinancing Facility Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto as a lender (the “ New Tranche B Term Lenders ”) and JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), amending the Amended and Restated Credit Agreement, dated as of March 11, 2022 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “ Amended and Restated Credit Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto from time to time as a lender, and the Administrative Agent.”
Earnings Releases
Dauch Corp reported first quarter 2024 results: revenue $1.61 billion, net income $20.5 million, EPS $0.17.
“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”
Shareholder Votes
Dauch Corp shareholders approved Ratification of appointment of Deloitte & Touche LLP as AAM’s independent registered public accounting firm for the year ending December 31, 2024 at the 2024-05-02 meeting.
“The proposal to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024 was approved with the votes shown below.”
Shareholder Votes
Dauch Corp shareholders approved Advisory vote on Executive Compensation at the 2024-05-02 meeting.
“AAM’s stockholders voted for, on a non-binding, advisory basis, the compensation of AAM’s officers, by the vote shown below.”
Shareholder Votes
Dauch Corp shareholders approved Election of Directors at the 2024-05-02 meeting.
“On May 2, 2024, American Axle & Manufacturing Holdings, Inc., ("AAM" or "Company") held its annual meeting of stockholders.”
Aleksandra A. Miziolek was elected as independent director at Dauch Corp.
“elected Aleksandra A. Miziolek as an independent director of the Board.”
Earnings Releases
Dauch Corp reported full year 2024 results: revenue $6.05 - $6.35 billion. Guidance reaffirmed.
“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.”
Earnings Releases
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).
“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”
Earnings Releases
Dauch Corp reported full year 2023 results: revenue in the range of $6.0 - $6.1 billion.
“AAM's updated full year 2023 financial targets are now as follows: • AAM is targeting sales in the range of $6.0 - $6.1 billion.”
Earnings Releases
Dauch Corp reported third quarter 2023 results: revenue $1.55 billion, net income $(17.4) million, EPS $(0.15).
“Third Quarter 2023 Results • Sales of $1.55 billion • Net loss of $(17.4) million, or (1.1)% of sales • Adjusted EBITDA of $156.8 million, or 10.1% of sales • Diluted loss per share of $(0.15); Adjusted loss per share of $(0.11)”
Earnings Releases
Dauch Corp reported the second quarter 2023 results: revenue $1.57 billion, net income $8.0 million, EPS $0.07. Guidance reaffirmed.
“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”
Debt Financings
Dauch Corp amended credit facility with JPMorgan Chase Bank, N.A..
“the First Amendment, among other things: (a) increased the maximum levels of the total net leverage ratio covenant during the Amendment Period; (b) reduced the minimum levels of the cash interest expense coverage ratio covenant during the Amendment Period; (c) modified certain categories of the applicable margin (determined based on the total net leverage ratio of Holdings) for the duration of the Amendment Period with respect to interest rates under the term loan A facility under the Amended and Restated Credit Agreement (the “Term Loan A Facility”) and interest rates under the revolving credit facility under the Amended and Restated Credit Agreement (the “Revolving Credit Facility”); and (d) modified certain covenants restricting the ability of Holdings, AAM and certain subsidiaries of Holdings to create, incur, assume or permit to exist certain additional indebtedness and liens and to make or agree to pay or make certain restricted payments, voluntary payments and distributions.”
Material Agreements
Dauch Corp amended First Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $16,250,000 (effective 2023-06-28).
“On June 28, 2023, American Axle & Manufacturing Holdings, Inc. (“ Holdings ”) and American Axle & Manufacturing, Inc., a wholly owned subsidiary of Holdings (“ AAM ”), entered into the First Amendment (the “ First Amendment ”) among AAM, as borrower, Holdings, each financial institution party thereto as a lender and JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), amending the Amended and Restated Credit Agreement, dated as of March 11, 2022”
Earnings Releases
Dauch Corp reported first quarter 2023 results: revenue $1.49 billion, net income $(5.1) million, EPS $(0.04). Guidance reaffirmed.
“5, 2023 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the first quarter 2023. First Quarter 2023 Results • Sales of $1.49 billion • Net loss of $(5.1) million, or (0.3)% of sales • Adjusted EBITDA of $175.4 million, or 11.7% of sales • Diluted loss per share of $(0.04); Adjusted loss per share of $(0.01) •”
Shareholder Votes
Dauch Corp shareholders approved Ratification of appointment of Deloitte & Touche LLP as AAM's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-04 meeting.
“The proposal to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved with the votes shown below. Number of Votes For 106,031,972 Against 2,818,645 Abstain 46,748”
Shareholder Votes
Dauch Corp shareholders approved Approval, on an advisory basis, of the frequency of future advisory votes on executive compensation. at the 2023-05-04 meeting.
“AAM’s stockholders voted for, on a non-binding advisory basis, the alternative of one-year for future advisory votes on executive compensation. Number of Votes 1 Year 95,454,443 2 Years 120,932 3 Years 6,597,414 Abstain 51,544 Broker Non Votes 6,673,032”
Shareholder Votes
Dauch Corp shareholders approved Approval, on an advisory basis, of the compensation of the Company's named executive officers. at the 2023-05-04 meeting.
“AAM’s stockholders voted for, on a non-binding advisory basis, the compensation of AAM’s named executive officers, by the vote shown below. Number of Votes For 78,399,832 Against 23,716,397 Abstain 108,104 Broker Non Vote 6,673,032”
Shareholder Votes
Dauch Corp shareholders approved Election of Directors at the 2023-05-04 meeting.
“The following directors were nominated to serve for three-year terms expiring at the annual meeting of stockholders in 2026. Results of the election are shown below. Number of Votes Nominee For Against Abstain Broker Non Votes James A. McCaslin 83,533,296 18,509,248 181,789 6,673,032 William P. Miller II 97,592,605 4,522,463 109,265 6,673,032 Sandra E. Pierce 97,765,802 4,325,051 133,480 6,673,032”
Norman Willemse retired as President—Forging at Dauch Corp.
“Mr. Willemse’s retirement will be effective on March 17, 2023”
Michael K. Simonte retired as President at Dauch Corp.
“As previously disclosed on a Current Report on Form 8‐K filed with the SEC on February 17, 2023, Michael K. Simonte, the Company’s President, and Norman Willemse, the Company’s President—Forging, are retiring from the Company.”
Michael J. Lynch was appointed as President & Chief Operating Officer at Dauch Corp.
“Effective March 25, 2023, Michael J. Lynch, the Chief Operating Officer of American Axle & Manufacturing Holdings, Inc. (the “Company”), will be appointed as the Company’s President & Chief Operating Officer”
Earnings Releases
Dauch Corp reported full year 2022 results: revenue $5.80 billion, net income $64.3 million, EPS $0.53 per diluted share. Guidance initiated.
“Adjusted loss per share of $(0.07) • Net cash provided by operating activities of $148.5 million; Adjusted free cash flow of $99.0 million Full Year 2022 Results • Sales of $5.80 billion • Net income attributable to AAM of $64.3 million, or 1.1% of sales • Adjusted EBITDA of $747.3 million, or 12.9% of sales • Diluted earnings per share of $0.53; Adjusted”
Earnings Releases
Dauch Corp reported fourth quarter 2022 results: revenue $1.39 billion, net income $13.9 million, EPS $0.11 per diluted share. Guidance initiated.
“Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2022. Fourth Quarter 2022 Results • Sales of $1.39 billion • Net income attributable to AAM of $13.9 million, or 1.0% of sales, which includes Malvern fire recoveries, net • Adjusted EBITDA of $157.7 million, or 11.3% of sales • Diluted”
Norman Willemse departed as President—Forging at Dauch Corp.
“Michael K. Simonte, President of American Axle & Manufacturing Holdings, Inc. (the “Company”), and Norman Willemse, President—Forging, have each notified the Company of their intention to retire from their respective positions during calendar year 2023.”
Michael K. Simonte departed as President of American Axle & Manufacturing Holdings, Inc. at Dauch Corp.
“Michael K. Simonte, President of American Axle & Manufacturing Holdings, Inc. (the “Company”), and Norman Willemse, President—Forging, have each notified the Company of their intention to retire from their respective positions during calendar year 2023.”
Christopher J. May changed role as Executive Vice President & Chief Financial Officer at Dauch Corp.
“Effective January 1, 2023, American Axle & Manufacturing Holdings, Inc. (“AAM” or the “Company”) appointed Christopher J. May, age 53, Executive Vice President & Chief Financial Officer, as approved by the Executive Committee of the Board of Directors on December 29, 2022.”
Debt Financings
Dauch Corp incurred term loan of $675 million term loan B facility with New Tranche B Term Lenders and JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR loans will bear interest at the applicable Adjusted Term SOFR Rate plu maturing December 13, 2029.
“On December 13, 2022, American Axle & Manufacturing Holdings, Inc. (“ Holdings ”), American Axle & Manufacturing, Inc., a wholly owned subsidiary of Holdings (“ AAM ”) entered into the Refinancing Facility Agreement No. 1 (the “ Refinancing Facility Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto as a lender (the “ New Tranche B Term Lenders ”) and JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), amending the Amended and Restated Credit Agreement, dated as of March 11, 2022 (the “ Amended and Restated Credit Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto from time to time as a lender, and the Administrative Agent. Pursuant to the Refinancing Facility Agreement, the New Tranche B Term Lenders agreed to provide a $675 million term loan B facility (the “ New Term Loan B Facility ”), the proceeds from which, together with cash on hand of AAM and the proceeds of a $25 million”
Material Agreements
Dauch Corp entered into Refinancing Facility Agreement No. 1 with JPMorgan Chase Bank, N.A. (as administrative agent) and the New Tranche B Term Lenders valued at $675 million term loan B facility (effective 2022-12-13).
“On December 13, 2022, American Axle & Manufacturing Holdings, Inc. (“ Holdings ”), American Axle & Manufacturing, Inc., a wholly owned subsidiary of Holdings (“ AAM ”) entered into the Refinancing Facility Agreement No. 1 (the “ Refinancing Facility Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto as a lender (the “ New Tranche B Term Lenders ”) and JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), amending the Amended and Restated Credit Agreement, dated as of March 11, 2022 (the “ Amended and Restated Credit Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto from time to time as a lender, and the Administrative Agent.”
Michael J. Lynch was appointed as Chief Operating Officer at Dauch Corp.
“Effective December 1, 2022, American Axle & Manufacturing Holdings, Inc. (“AAM” or the “Company”) appointed Michael J. Lynch, age 58, Chief Operating Officer (“COO”), as approved by the Executive Committee of the Board of Directors on November 28, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.