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Dauch Q3 sales beat expectations on Dowlais acquisition

By Reuters News


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


Reuters Recommended Reads

  • Nov 5 - Aumovio warns of years of weak auto production despite earnings beat

  • Nov 4 - Canada's Linamar Q3 sales rise on industrial demand, market-share gains

  • Nov 4 - Cooper Standard Q3 sales rise, slightly beat estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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