Dauch Corp

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What Do They Do?

Makes axles, driveshafts and electric and hybrid driveline systems for automakers, plus engine, transmission and safety components for vehicle, commercial-vehicle and industrial customers.

How Do They Make Money?

Automotive and industrial customers buy manufactured components; products are typically sold when shipped, and invoices are generally due approximately 50 days after customers receive them.

revenue

Segment	Share	How money arrives
Driveline Sold outright	70% FY2022: 70%	Sold outright
Metal Forming Sold outright	30% FY2022: 30%	Sold outright
Corporate and Eliminations	0.0% FY2022: 0.0%

Who Are Their Customers?

Automakers including GM, Ford and Stellantis buy driveline and metal-forming components through purchase orders and delivery releases.

Do Revenues Turn Into Profits?

Not on paper. It lost $19.7M in FY2025, but brought in more cash than it spent: $155.1M of free cash flow.

Operating income, FY2025

2% of revenue

▼ −53% vs FY2024 ($241.4M, 4%)

Net income, FY2025

0% of revenue

▼ Now a loss vs FY2024 ($35M, 1%)

Free cash flow, FY2025

3% of revenue

▼ −25% vs FY2024 ($207.4M, 3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +92%; vs $1.5B in Q2 FY2025
Net income: ▼ −97%; vs $39.3M in Q2 FY2025

Driveline share of revenue vs 72.0% in Q2 FY2025

Aug 7, 2026 Raises lower ends of 2026 financial targets The updated outlook raises the lower ends of sales, adjusted EBITDA, China joint venture income and adjusted free cash flow ranges.
May 8, 2026 Raises upper ends of 2026 sales and EBITDA targets The revised targets raise the upper ends of the sales and adjusted EBITDA ranges.

Growing. Revenue grew 13% in 4 years, from $5.2B in FY2021 to $5.8B in FY2025, about 3% a year.

Sideshafts added The older report described axles and electric and hybrid driveline systems; the latest report says the Dowlais acquisition added sideshafts to the driveline portfolio.

Chinese joint ventures exited The older report described Chinese joint ventures supplying axle and driveline products; the latest report says Dauch exited its ownership of both.

Revenue over time

Driveline Metal Forming Corporate and Eliminations

$10B$5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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