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 discuss its first quarter financial results on May 5, 2023, at 10:00 a.m. ET. A press release with the results will be available before the market opens on the same day on www.aam.com. Investors can participate via phone by dialing (877) 883-0383 in the U.S. or (412) 902-6506 internationally, using access code 5707548. A live audio webcast will also be available on the investor site. A replay can be accessed at (877) 344-7529 in the U.S. or (412) 317-0088 internationally until May 12, with access code 8763803. As a global Tier 1 automotive supplier, AAM specializes in Driveline and Metal Forming technologies for various vehicle types.
On March 30, 2023, American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) was honored with the Overdrive award by General Motors as part of their 31st annual Supplier of the Year awards. AAM was among 16 awardees recognized for their excellence. The Overdrive award highlights key priorities such as sustainability and innovation. David C. Dauch, AAM's CEO, expressed pride in this achievement, marking their third consecutive year receiving the award. GM's Jeff Morrison commended the resilience of their suppliers during challenging times, emphasizing their commitment to sustainable innovation.
American Axle & Manufacturing Holdings (AXL) reported strong financial performance for Q4 and full year 2022. Q4 sales reached $1.39 billion, net income was $13.9 million, and adjusted EBITDA stood at $157.7 million. For the full year, sales totaled $5.80 billion with net income of $64.3 million. AAM's 2023 outlook targets sales between $5.95 billion and $6.25 billion and adjusted EBITDA of $725 million to $800 million. The company also highlights a $725 million new business backlog expected to boost electrification initiatives.
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