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 (AAM) will present at the Citi Global Industrials Conference on February 18 at 11:20 a.m. ET. The presentation will be accessible via a live audio webcast on AAM's Investor Relations page, with a replay available afterward. AAM is a global leader in automotive supply, focusing on driveline and metal forming technologies, serving customers from nearly 80 facilities across 17 countries.
American Axle & Manufacturing (AAM) has secured a significant next-generation axle and driveshaft program for Ram's heavy-duty pickup trucks. This long-term partnership, which extends through 2030, is expected to generate several billion dollars in sales for AAM. AAM aims to leverage its advanced driveline technologies to support Ram's vehicle program, reinforcing their commitment to innovation in automotive technologies. The company operates globally with a focus on manufacturing high-quality driveline and metal forming technologies.
American Axle & Manufacturing Holdings (AXL) reported Q4 2020 sales of $1.44 billion, net income of $36 million, and an Adjusted EBITDA of $261.5 million. For the full year, sales totaled $4.71 billion, reflecting a net loss of $(561.3 million) due to COVID-19 impacts. The company targets 2021 sales between $5.3 - $5.5 billion and an Adjusted EBITDA in the range of $850 - $925 million. AAM expects approximately $600 million in new business backlog from 2021 to 2023, with emphasis on electrification initiatives.
American Axle & Manufacturing (AAM) will hold a conference call on February 12, 2021, at 10:00 a.m. ET to discuss its fourth quarter and full year 2020 financial results. A press release with the results will be published before market open that day. Interested participants can dial (877) 883-0383 from the U.S. or (412) 902-6506 from outside the U.S. The call will also be available via a live audio webcast. A replay will be accessible from February 12 to February 19, 2021.
American Axle & Manufacturing (AXL) and Suzhou Inovance Automotive have announced a technology development agreement to enhance the creation of 3-in-1 electric drive systems, integrating an inverter, electric motor, and gearbox. This collaboration aims to improve power density, efficiency, and cost-effectiveness in the global new energy vehicle market. The first 135 kW model will be launched for a Chinese OEM in Q1 2021, supporting four customer programs from AAM's Changshu Manufacturing Complex. The partnership positions both companies as leaders in electric-propulsion technology.
American Axle & Manufacturing (AAM), trading under AXL, will present at the BofA Securities 2020 Leveraged Finance Virtual Conference on December 2 at 2:15 p.m. ET. The event will be accessible via a live audio webcast on AAM's Investor Relations page, with a replay available afterwards. AAM is a leading automotive supplier that focuses on driveline and metal forming technologies, operating nearly 80 facilities across 17 countries.
American Axle & Manufacturing (AAM) (NYSE: AXL) will present at the Credit Suisse Virtual Industrials Conference on December 3, 2020, at 11:30 a.m. ET. A live audio webcast will be available on AAM's Investor Relations page with a replay accessible afterward. AAM is a leading global automotive supplier specializing in driveline and metal forming technologies, with 20,000 associates across 80 facilities in 17 countries. For more details, visit aam.com.
American Axle & Manufacturing (AAM) is set to supply its EcoTrac® Disconnecting All-Wheel-Drive for the 2021 Chrysler Pacifica minivan. This innovative system delivers AWD performance only when needed, enhancing safety and efficiency. AAM's technology optimizes traction under various conditions, including cold weather and rough terrain. The Power Transfer Unit (PTU) and Drive Train Control Module (DTCM) are pivotal components in this system. Since its introduction in 2013, AAM has supplied over 600,000 disconnecting AWD units, solidifying its role in improving vehicle performance.
American Axle & Manufacturing (AAM) will participate in the Barclays Global Automotive Conference on November 19, starting at 9:20 a.m. ET. CEO David C. Dauch will discuss key business developments during the event. A live audio webcast will be available on AAM's Investor Relations page, with a replay following the event. AAM, a global tier 1 automotive supplier, focuses on innovative driveline and metal forming technologies for the automotive industry, operating in 17 countries with approximately 20,000 associates.
Summary not available.