Dauch Q3 sales beat expectations on Dowlais acquisition
Overview
US driveline and metal forming supplier's Q3 sales rose, beating analyst expectations
Adjusted EBITDA for Q3 beat analyst expectations, aided by Dowlais acquisition
Company posted net loss and lower adjusted EPS yr/yr due to acquisition costs
Outlook
Dauch raises 2026 sales outlook to $10.8-$10.875 bln from $10.6-$10.8 bln
Company lowers 2026 adj EBITDA outlook to $1.35-$1.375 bln from $1.36-$1.425 bln
Dauch sees 2026 adj free cash flow at $270-$310 mln, narrowed from $260-$325 mln
Result Drivers
DOWLAIS ACQUISITION - Co said acquisition of Dowlais Group was primary driver of yr/yr changes in financial results
SYNERGY REALIZATION - Co said it made progress on synergy realization following Dowlais acquisition, per CEO David C. Dauch
CASH FLOW - Co said strong operating cash flow supported new program launches, per CEO David C. Dauch
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $2.91 bln | $2.79 bln (6 Analysts) |
Q3 Loss Per Share | $0.19 | ||
Q3 Net Loss | $45.30 mln | ||
Q3 Adjusted EBITDA | Beat | $358.50 mln | $352.94 mln (8 Analysts) |
Q3 Adjusted Free Cash Flow | $126.70 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)