Highest-materiality recent filing
Dauch Q2 sales double to $2.96B on Dowlais; raises FY2026 EBITDA, FCF guidance
Q2 sales $2.96B vs $1.54B YoY; net income $1.0M vs $39.3M; diluted EPS $0.00, adjusted EPS $0.32 vs $0.34.
Dauch Q1 net loss $100.3M; adjusted EPS $0.34; 2026 guidance raised modestly
Sales $2.38B (up from $1.41B YoY); net loss $(100.3)M vs net income $7.1M a year ago.
Dauch completes Dowlais acquisition; Dowlais FY2025 revenue £4,410m, operating loss narrowed to £29m
Dowlais FY2025 revenue £4,410m (up 2% from £4,337m in 2024); operating loss improved to £29m from £167m.
Dauch reports Q4 2025 net loss $75.3M, closes Dowlais acquisition, guides FY2026 sales $10.3-10.7B
Q4 2025 sales $1.38B (flat YoY), net loss $75.3M, adj EBITDA $169M (12.2% margin).
Dauch completes dual listing on LSE and NYSE; ticker changes to DCH on NYSE
235,668,048 total common shares admitted to LSE main market under ticker 'DCH' today.
Dauch Corp completes acquisition of Dowlais Group for 43p cash + 0.0881 share per share
Acquired Dowlais Group plc (GKN Automotive & Powder Metallurgy) via scheme of arrangement; Dowlais shares delisted from LSE Feb 4.
Dauch obtains court sanction for Dowlais combination; UK prospectus published
Court sanctioned Scheme of Arrangement for Dowlais combination; expected effective date Feb 3, 2026.
American Axle rebrands as Dauch Corp, ticker becomes DCH on NYSE Feb 5
Name change to Dauch Corporation effective Jan 26, 2026; ticker changes to DCH on Feb 5.
AAM clears China antitrust hurdle for Dowlais deal; court hearing Jan 30
China State Administration for Market Regulation approved the combination, satisfying all antitrust conditions.
AAM Q3 sales $1.51B, adjusted EBITDA margin 12.9%; raises FY sales and EBITDA guidance
Net income $9.2M ($0.07 diluted EPS); adjusted EPS $0.16, down from $0.20 YoY.
AAM receives EC clearance for Dowlais combination; closing now expected Q1 2026
European Commission unconditionally cleared the combination on October 1, 2025; EU antitrust condition satisfied.
American Axle issues $2.1B in notes to fund Dowlais combination, redeem existing debt
Issued $850M of 6.375% senior secured notes due 2032 and $1.25B of 7.750% senior unsecured notes due 2033.
AAM prices $2.1B debt offering (6.375% secured, 7.75% unsecured) for Dowlais deal
Priced $850M 6.375% senior secured notes due 2032 and $1.25B 7.750% senior unsecured notes due 2033.
AAM announces $1.443B debt offering to finance Dowlais combination
Offering $843M senior secured notes due 2032 and $600M senior unsecured notes due 2033.
AAM Q2 net income rises to $39.3M; raises FY 2025 sales and EBITDA guidance
Sales $1.54B (down 5.5% YoY); net income $39.3M vs $18.2M YoY; diluted EPS $0.32.
Dowlais shareholders approve AAM's acquisition; expected close Q4 2025
Dowlais shareholders voted to approve scheme arrangement and special resolution for AAM's recommended offer.
AAM stockholders approve proposals for Dowlais acquisition; deal expected Q4 2025
AAM stockholders approved charter amendment to increase authorized shares from 150M to 375M (92.9M for, 1.3M against).
AAM adds J.P. Morgan valuation details to proxy; faces 12 demand letters, 2 lawsuits
Special meeting to approve Dowlais deal remains July 15, 2025; AAM voluntarily supplements proxy with J.P. Morgan analyses.
Dowlais cancelled 27,865,471 shares held by Melrose Employee Share Ownership Trust for nil consideration.
AAM Q1 sales and earnings drop YoY; cuts FY2025 guidance on lower volumes
Sales $1.41B vs $1.61B YoY (-12%); net income $7.1M ($0.06 EPS) vs $20.5M ($0.17).
Syndicated $843M Term Loan B, $843M 1st Lien Bridge, and $500M 2nd Lien Bridge for Dowlais combination.
Q4 2024 sales $1.38B, net loss $(13.7)M, loss per share $(0.12); adjusted loss per share $(0.06).
AAM to acquire Dowlais Group plc for ~£1.16B; offers 42p cash + 0.0863 shares per Dowlais share
Deal value ~£1.16B; Dowlais holders receive 42p cash + 0.0863 AXL shares per share, plus up to 2.8p dividend.
AAM Q3 net income $10M (EPS $0.08) vs year-ago loss; EBITDA margin rises to 11.6%
Sales $1.50B vs $1.55B YoY; net income $10.0M vs net loss $17.4M in Q3 2023.
AAM agrees to sell India commercial vehicle axle business to Bharat Forge for $65M
Sale price $65M; business generated $156M sales in LTM ended June 30, 2024.
AAM Q2 2024 sales $1.63B (+4% YoY); adj. EPS $0.19 vs $0.12; guidance raised
Sales $1.63B vs $1.57B; net income $18.2M ($0.15 EPS) vs $8.0M ($0.07) YoY.
AAM Q1 net income $20.5M vs loss year ago; sales $1.61B up 8%
Net income of $20.5M ($0.17 diluted EPS) vs net loss of $5.1M ($(0.04)) in Q1 2023.
AAM Q4 2023 net loss $19.1M; full-year net loss $33.6M; 2024 sales guidance $6.05-$6.35B
Q4 2023 sales $1.46B, up from $1.39B YoY; net loss $(19.1)M vs net income $13.9M in Q4 2022.
Q3 sales $1.55B (flat YoY); net loss $(17.4)M vs net income $26.5M in Q3 2022.
AAM Q2 sales up 9% to $1.57B but net income falls to $8.0M; guidance unchanged
Sales of $1.57B, up from $1.44B in Q2 2022.
American Axle & Manufacturing amends credit agreement, repays $16.25M on Term Loan A
First Amendment increases maximum total net leverage ratio covenant through June 2024, reduces minimum cash interest expense coverage ratio.
AAM Q1 net loss $5.1M on $1.49B sales; wins Stellantis electric beam axle contract
Q1 sales $1.49B vs $1.44B YoY; net loss $(5.1)M vs net income $1.0M YoY.
AAM Q4 2022 sales $1.39B, net income $13.9M; provides 2023 outlook
Q4 2022 sales $1.39B (+12% YoY from $1.24B), net income $13.9M vs net loss $46.3M in Q4 2021.
President Michael Simonte and Forging President Norman Willemse to retire in 2023
Michael K. Simonte, President of AAM, notified retirement intention during CY 2023.
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.
elected Aleksandra A. Miziolek as an independent director of the Board.
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
Mr. Willemse’s retirement will be effective on March 17, 2023
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 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, 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.
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.
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.
On July 13, 2021, Gregory S. Deveson resigned as President - Driveline Business Unit of American Axle & Manufacturing Holdings, Inc.
Max materiality 0.85 · Median 0.68 · Most common event earnings