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 & Mfg Holdings Inc (AXL) is a global Tier 1 automotive supplier specializing in driveline systems and metal forming technologies for diverse vehicle platforms. This news hub provides investors and industry professionals with centralized access to official press releases, financial updates, and technical developments from the company.
Find timely information on earnings announcements, product innovations, and strategic partnerships that shape AXL's position in the evolving automotive sector. The company's focus on electrification-ready components and advanced manufacturing processes is reflected in its latest updates.
All content is sourced directly from verified corporate communications, ensuring reliability for those monitoring the automotive supply chain. Bookmark this page for streamlined tracking of AXL's engineering advancements, operational milestones, and market leadership in driveline solutions.
American Axle & Manufacturing Holdings (NYSE: AXL) will present at Deutsche Bank's Global Auto Industry Conference on June 11, 2024, at 12:25 p.m. ET.
The live audio webcast will be accessible through the AAM's Investor Relations page on their website, with a replay available after the event.
This presentation provides a platform for AAM to highlight its recent developments and future outlook to current and potential investors.
American Axle & Manufacturing Holdings, Inc. (AAM) reported solid financial results for the first quarter of 2024, with sales of $1.61 billion, net income of $20.5 million, adjusted EBITDA of $205.6 million, and diluted earnings per share of $0.17. AAM's sales and net income improved compared to the first quarter of 2023, driven by better volume and mix. The company's full-year 2024 financial targets remain unchanged, with sales expected to be in the range of $6.05 - $6.35 billion and Adjusted EBITDA in the range of $685 - $750 million.
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