Welcome to our dedicated page for American Axle & Mfg Hldgs news (Ticker: AXL), a resource for investors and traders seeking the latest updates and insights on American Axle & Mfg Hldgs stock.
American Axle & Manufacturing Holdings, Inc. (AAM) (NYSE: AXL) is a global Tier 1 Automotive and Mobility Supplier that regularly issues news about its operations, strategy and financial performance. The company designs, engineers and manufactures Driveline and Metal Forming technologies for electric, hybrid and internal combustion vehicles, and is headquartered in Detroit, Michigan with nearly 75 facilities in 15 countries.
News coverage for AXL commonly includes quarterly and annual financial results, where AAM reports sales, net income, adjusted EBITDA, adjusted earnings per share, cash flow metrics and updated financial outlooks. These releases often explain the company’s use of non-GAAP measures such as Adjusted EBITDA and Adjusted free cash flow, and provide definitions and reconciliations.
AAM’s news flow also features capital markets and financing announcements, such as the pricing and issuance of senior secured notes due 2032 and senior unsecured notes due 2033 by its wholly owned subsidiary. These items describe how proceeds are expected to be used, including funding the pending business combination with Dowlais Group plc, repaying Dowlais’s existing credit facilities, funding change of control offers for certain Dowlais notes and redeeming or partially redeeming certain AAM notes.
Another key category of AXL news relates to the recommended cash and share combination with Dowlais Group plc. Joint announcements provide updates on regulatory clearances from competition authorities in multiple jurisdictions and outline the expected timing and conditions for closing the transaction.
Investors and analysts can also find event and conference participation updates, where AAM announces webcasts and fireside chats at conferences hosted by institutions such as J.P. Morgan, Barclays, UBS and Bank of America. These items typically include webcast details and reiterate the company’s positioning as a global Tier 1 supplier.
For anyone tracking AXL, this news stream offers insight into AAM’s financial performance, capital structure, strategic combination with Dowlais and ongoing engagement with the investment community.
American Axle & Manufacturing Holdings (AXL) will report its third quarter financial results on November 5, 2021. A press release will be issued before market opening and available at www.aam.com. The company will host a conference call at 10:00 a.m. ET to discuss the results. Investors can join via phone or listen to a webcast available on the company's investor relations site. A replay will be accessible until November 12, 2021.
AAM is a leading automotive supplier specializing in driveline technologies, with approximately 20,000 associates across 80 facilities in 17 countries.
American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the RBC Capital Markets Global Industrials Conference on September 9, 2021, presenting at 10:40 a.m. ET. The event will be held virtually, and a live audio webcast can be accessed via AAM's Investor Relations page at www.aam.com, with a replay available post-event. AAM, headquartered in Detroit, is a top-tier automotive supplier specializing in driveline and metal forming technologies, operating nearly 80 facilities across 17 countries.
American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) announced a public offering of $600 million in senior notes through its subsidiary, American Axle & Manufacturing, Inc. The offering is subject to market conditions and will be used to redeem its existing 6.25% Senior Notes due 2025. The new notes will be unconditionally guaranteed on a senior unsecured basis by Holdings and certain subsidiaries. This announcement highlights the company's focus on debt management while planning to optimize its financial standing.
American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the J.P. Morgan Auto Conference on August 12 at 1:20 p.m. ET. The CEO, David C. Dauch, will discuss recent business developments during the virtual event. Investors can access a live audio webcast through AAM's Investor Relations page with a replay available afterward. AAM is a global automotive supplier specializing in driveline and metal forming technologies, dedicated to delivering smarter and more efficient vehicles.
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American Axle & Manufacturing Holdings, Inc. (AXL) reported its Q2 2021 results with sales of $1.28 billion, a significant increase from $0.52 billion in Q2 2020. The company achieved net income of $16 million or $0.13 per share, reversing a net loss of $(213.2 million) in the prior year. Adjusted EBITDA stood at $222.6 million, representing 17.3% of sales. AAM forecasts full-year sales between $5.3 - $5.5 billion and adjusted EBITDA between $875 - $925 million. Despite challenges like semiconductor shortages affecting sales by $162 million, AAM remains focused on strengthening its balance sheet and investing in electrification technology.
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American Axle & Manufacturing Holdings (AXL) will hold a conference call to discuss its second quarter 2021 financial results on July 30, 2021, at 10:00 a.m. ET. Prior to the call, a press release detailing the financial results will be issued before the market opens. Investors can join the call by dialing (877) 883-0383 (U.S.) or (412) 902-6506 (international), using access code 2958235. A replay will be available post-call, and the audio will also be archived on AAM's website.
AAM is a leading global automotive supplier, emphasizing quality and technology in driveline and metal forming.
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DETROIT, June 16, 2021 /PRNewswire/ -- American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the Deutsche Bank Global Auto Industry Conference on June 17, starting at 9:45 a.m. ET. David C. Dauch, Chairman and CEO, will discuss recent business developments.
A live audio webcast will be available on AAM's Investor Relations page, with a replay accessible post-event. AAM is a leading global automotive supplier focused on driveline and metal forming technologies. Visit aam.com for more information.