Dauch Corp (AXL) Form 10-Q — May 8, 2026

Dauch Corporation reported a net loss of $100.3 million for the quarter ended March 31, 2026, a significant decline from the net income of $7.1 million in the same period last year. This loss was primarily driven by the acquisition of Dowlais Group plc, which added $972 million to net sales but also contributed a loss of $67 million, including $30 million in inventory step-up costs. The company's revenue increased by 68.6% year-over-year to $2,378.9 million, largely due to the impact of the Dowlais acquisition. However, the cost of goods sold also increased by 74.0% to $2,153.5 million, leading to a gross profit of $225.4 million, up 29.6% from the prior year.

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