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 (AXL) generates news primarily through quarterly earnings announcements, new business awards from automotive OEMs, manufacturing facility expansions or consolidations, and strategic developments related to electric vehicle components. As a Tier 1 automotive supplier dependent on vehicle production volumes, the company's financial performance reflects broader automotive industry trends including light truck and SUV demand, electrification adoption rates, and supply chain conditions affecting both AXL and its automaker customers.
Tracking AXL news provides insight into the automotive supply chain's health and the transition from internal combustion engines to electric powertrains. The company's business wins signal which automakers are launching new vehicle platforms and which driveline configurations those platforms will use. Quarterly results reveal how automotive production schedules, commodity costs, and operational efficiency initiatives impact supplier profitability. AXL's strategic announcements regarding electric drive unit development, facility investments, or restructuring actions indicate how the company is positioning itself for long-term industry changes.
Investors monitoring AXL benefit from understanding the automotive production cycle, supplier-OEM relationship dynamics, and the financial challenges facing traditional automotive suppliers during the industry's electrification transition. News about contract awards typically precedes revenue recognition by several years, as automotive programs move from design through validation to production. Manufacturing footprint changes reflect the company's response to shifting production geography and cost pressures. Financing activities, including debt offerings or refinancing transactions, provide context on the company's capital structure and liquidity management during a capital-intensive industry transformation.
American Axle & Manufacturing Holdings (NYSE: AXL) will hold a conference call on February 17, 2023, at 10:00 a.m. ET to discuss its fourth quarter and full year 2022 financial results. A press release will be issued before market opens that day, available at www.aam.com. Investors can participate by calling (877) 883-0383 within the US, or (412) 902-6506 from outside the US, using access code 3177234. A replay will be available post-call until February 24, 2023, at (877) 344-7529 (US) and (412) 317-0088 (international). AAM specializes in driveline and metal forming technologies for various vehicle types.
American Axle & Manufacturing (AAM) showcased its commitment to electrification at CES 2023 in Las Vegas, highlighting advanced electric driveline systems. AAM's booth featured innovative technology like the 3-in-1 electric drive unit and fully integrated e-Beam axle. Attendees can interact with displays, including a vehicle configurator and driving simulator. CEO David C. Dauch emphasized partnerships with OEMs for sustainable mobility. AAM's presence at CES marks a crucial step in its strategy towards carbon net zero solutions.
American Axle & Manufacturing Holdings (NYSE: AXL) will hold a live webcast of its Technology Day management presentation on January 4, 2023, at 1:00 p.m. PT (4:00 p.m. ET). The event will be accessible via the Investor Relations page on AAM's website, with a replay available afterward. AAM, headquartered in Detroit, is a global leader in automotive and mobility solutions, specializing in driveline and metal forming technologies for various vehicle types. For more details, visit www.aam.com.
American Axle & Manufacturing (AAM) will showcase its advancements in electric mobility at CES 2023, emphasizing its leadership in electric propulsion systems. The company highlights its scalable driveline systems designed for various electric vehicle segments, including high-speed motors and integrated e-Beam axles. AAM aims for significant improvements in efficiency and power density. The exhibit will include innovative products like 3-in-1 electric drive units. AAM has a proven track record with notable collaborations, receiving multiple PACE Awards for its innovative EV technology.
American Axle & Manufacturing (AAM) (NYSE: AXL) has partnered with EKA Mobility to provide an e-Beam axle for EKA's 2.5T battery electric commercial vehicle. This collaboration aims to enhance EKA's electric vehicle portfolio and accelerate the development of sustainable light commercial vehicles. AAM's electric propulsion technology will support EKA's commitment to zero-emission mobility solutions. The partnership is expected to boost product reliability and efficiency while contributing to global electric vehicle adoption.
American Axle & Manufacturing (NYSE: AXL) has achieved validation of its net-zero emissions targets by the Science Based Targets initiative (SBTi), becoming one of the first automotive Tier 1 suppliers to do so. The company aims to reach net-zero greenhouse gas emissions across its value chain by 2040, with specific targets including a 45% reduction in Scope 1 and 2 emissions by 2030 and a 90% reduction by 2040. AAM also plans for two long-term targets to cut Scope 3 emissions by 90% by 2040.
American Axle & Manufacturing (AAM) will present at the Barclays Global Automotive and Mobility Tech Conference on November 30 at 10:00 a.m. ET. The event will be accessible via a live audio webcast on AAM's Investor Relations page, with a replay available after the presentation. AAM specializes in driveline and metal forming technologies for electric, hybrid, and internal combustion vehicles, and operates nearly 85 facilities globally. For additional details, visit aam.com.
American Axle & Manufacturing (AAM), trading as AXL on NYSE, will participate in the Bank of America Securities 2022 Leveraged Finance Conference on November 29 at 9:30 a.m. ET. A live audio webcast will be available on AAM's Investor Relations page. AAM, a global Tier 1 Automotive Supplier, specializes in driveline and metal forming technologies for electric, hybrid, and combustion vehicles. With nearly 85 facilities in 18 countries, AAM is focused on sustainable mobility. For more details, visit their website.
American Axle & Manufacturing Holdings (AXL) reported third-quarter 2022 sales of $1.54 billion, up from $1.21 billion in Q3 2021, driven by the Tekfor acquisition and improved volume. Net income reached $26.5 million, equating to $0.22 per diluted share, a turnaround from a net loss of $(2.4) million in Q3 2021. Adjusted EBITDA was $198.4 million, or 12.9% of sales, down from 15.1% a year prior. AAM also provided updated 2022 financial targets, projecting sales between $5.75 and $5.85 billion and Adjusted EBITDA between $745 and $765 million.
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