American Axle & Mfg Hldgs Inc Stock Price, News & Analysis

American Axle & Manufacturing (NYSE: AXLE) will showcase its technology at the 2025 Consumer Electronics Show in Las Vegas from January 7-10. The company will display various driveline and powertrain technologies supporting electric, hybrid, and internal combustion vehicles.

Key highlights include their hybrid Electric Drive Unit (EDU) featured in the Mercedes AMG GT 63 S E Performance sedan, delivering 150 kW (204 hp), and their innovative 3-in-1 e-Beam technology showcased in a battery electric light-duty truck. The truck combines a 150kW front-wheel EDU with a 425kW (570 hp) rear e-Beam system.

The exhibition will also feature cross-sectioned e-Beam configurations, new components including rotor shafts, park lock actuators, output shafts, differentials, and the SmartBar disconnecting stabilizer bar. AAM's exhibit will be located in the West Hall (#6100) at the Las Vegas Convention Center.

American Axle & Manufacturing (NYSE: AXL) has announced its participation in the upcoming UBS Global Industrials and Transportation Conference on December 4. The company will present at 1:00 p.m. ET, with a live audio webcast available through the Investor Relations section of their website. Interested parties can access the presentation through www.aam.com, and a replay will be made available after the event.

American Axle & Manufacturing (NYSE: AXL) has announced its participation in Bank of America's Leveraged Finance Conference on December 3. The company will present at 8:50 a.m. ET, with the presentation being accessible through a live audio webcast on the Investor Relations section of AAM's website. A replay option will be available after the event concludes.

American Axle & Manufacturing (NYSE: AXL) reported Q3 2024 financial results with sales of $1.50 billion, down from $1.55 billion in Q3 2023. The company posted a net income of $10.0 million ($0.08 per share), compared to a net loss of $(17.4) million in Q3 2023. Adjusted EBITDA improved to $174.4 million (11.6% of sales) from $156.8 million last year. The company updated its 2024 guidance, targeting sales of $6.1-$6.15 billion, Adjusted EBITDA of $715-$745 million, and Adjusted free cash flow of $200-$220 million.

American Axle & Manufacturing Holdings (NYSE: AXL) announced it will host a conference call to discuss third quarter financial results on Friday, November 8, 2024, at 10:00 a.m. ET. The company will release its financial results before market opens on the same day. The call will be accessible via phone and webcast, with replay available until November 15. The earnings release will be available at www.aam.com, and the webcast can be accessed through investor.aam.com.

American Axle & Manufacturing Holdings (AAM) has announced the sale of its commercial vehicle axle business and related assets in India to Bharat Forge (BFL) for $65 million. The business being sold generated approximately $156 million in sales in the last twelve months ending June 30, 2024. The transaction includes AAM's manufacturing facilities in Pune and Chennai, as well as the Pune Engineering and Development Center.

The sale is part of AAM's strategy to focus on ICE, hybrid, and full electric passenger car, pickup truck/SUV, and van applications globally. The deal is expected to close in the fourth quarter of 2024, subject to customary closing conditions and regulatory approvals. This move aims to provide AAM with additional financial flexibility while allowing BFL to expand its product portfolio in the component sector.

American Axle & Manufacturing Holdings (AAM), trading under the ticker AXL on the NYSE, is set to participate in Morgan Stanley's 12th Annual Laguna Conference on September 12, 2024. The company will present a fireside chat at 3:45 p.m. PT, which will be webcast live through AAM's Investor Relations page.

Investors and interested parties can access the live audio webcast on AAM's website (www.aam.com). For those unable to attend the live event, a replay of the webcast will be made available after the conference. This presentation offers an opportunity for stakeholders to gain insights into AAM's current operations and future strategies.

American Axle & Manufacturing Holdings (NYSE: AXL) reported solid Q2 2024 financial results. Sales increased to $1.63 billion from $1.57 billion in Q2 2023, driven by favorable volume and mix. Net income rose to $18.2 million ($0.15 per share), up from $8.0 million ($0.07 per share) in Q2 2023. Adjusted EBITDA improved to $208.4 million (12.8% of sales) compared to $191.6 million (12.2% of sales) in Q2 2023.

AAM updated its 2024 financial outlook, targeting sales of $6.1-$6.3 billion and Adjusted EBITDA of $705-$755 million. The company also aims for Adjusted free cash flow of $200-$240 million, assuming capital spending of approximately 4.0% of sales.

American Axle & Manufacturing Holdings (NYSE: AXL) has announced its plans to release second quarter financial results on August 9, 2024. The company will host a conference call at 10:00 a.m. ET on the same day to discuss the results and other related matters. A press release detailing the results will be issued before the market opens and will be available on AAM's website.

Interested parties can participate in the call by dialing (877) 883-0383 from the United States or (412) 902-6506 from outside the country, using the access code 5418526. A live audio webcast and post-call briefing will be available on the investor relations section of AAM's website. A replay of the call will be accessible until August 16, 2024, via phone and the company's website.