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

American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the J.P. Morgan Auto Conference on August 10, 2022. The company is scheduled to present at 8:00 a.m. ET. A live audio webcast will be accessible through the Investor Relations page on AAM's website, with a replay available after the event.

Headquartered in Detroit, AAM specializes in Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles, operating nearly 85 facilities across 18 countries.

American Axle & Manufacturing (AXL) reported strong second quarter 2022 results with sales of $1.44 billion, an increase from $1.28 billion in Q2 2021. Net income rose to $22.9 million, or $0.19 per share, compared to $16.0 million a year earlier. Adjusted EBITDA was $195.1 million, a 13.6% margin, down from 17.3%. The company anticipates full-year sales between $5.75 - $5.95 billion and adjusted EBITDA of $790 - $830 million. The positive impact of the Tekfor acquisition is expected in 2023.

American Axle & Manufacturing Holdings (AXL) will hold a conference call on August 5, 2022, at 10:00 a.m. ET to discuss its second quarter results. A press release detailing the financial results will be available before market opening on the same day. Participants can join via phone or listen online at www.aam.com. A replay will be available for one week following the call. AAM, a leader in automotive and mobility solutions, operates nearly 80 facilities across 17 countries.

American Axle & Manufacturing (AXL) held its 28th Annual Supplier Day, awarding top suppliers for excellence in various categories. Webco Industries and Incora were honored as Supplier of the Year for their contributions to the company's operations. Webco excelled in launching new programs and maintaining flexibility, while Incora supported sustainability initiatives. Additionally, ten suppliers received the Supplier Excellence Award, chosen based on delivery performance, product quality, and innovation. This recognition highlights the importance of supplier partnerships in AAM's mission to deliver top driveline and EV technologies.

American Axle & Manufacturing (NYSE: AXL) announced that its electric driveline technology is powering the Mercedes-AMG GT 63 S E PERFORMANCE, the first plug-in hybrid electric model from AMG. AAM supplies the vehicle's rear drive unit, which is a finalist for the 2022 Automotive News PACE™ Award. The electric drive unit features a compact design with a two-speed gearbox and eLSD, providing superior performance with 620 kW/843 hp and a 0-62 mph time of 2.9 seconds. This partnership highlights AAM's position as a leading supplier in the electric drive technology market.

American Axle & Manufacturing (NYSE: AXL) will participate in Deutsche Bank's Global Auto Industry Conference on June 15, 2022, at 2:20 p.m. ET. A live audio webcast of the presentation will be available on AAM's Investor Relations page, with a replay accessible after the event. AAM, a leading Tier 1 Automotive Supplier, focuses on Driveline and Metal Forming technologies for various vehicle types, including electric and hybrid models. The company is headquartered in Detroit and operates nearly 80 facilities across 17 countries.

AAM has addressed recent media speculation regarding a potential sale of the company, clarifying that it is not engaged in such a process. The company remains focused on executing its current stand-alone strategy. AAM continuously monitors market conditions and considers strategic opportunities that align with the best interests of its customers, associates, and shareholders. As a leading global Tier 1 automotive supplier, AAM specializes in driveline and metal forming technologies for various vehicle types.

American Axle & Manufacturing Holdings, Inc. (AXL) reported first-quarter 2022 results, revealing sales of $1.44 billion, net income of $1.0 million (or $0.01 per share), and adjusted EBITDA of $196.1 million (or 13.7% of sales). Despite a slight sales increase from $1.43 billion in Q1 2021, results were negatively impacted by a $31 million hit from semiconductor shortages. The company revised its 2022 financial outlook, targeting sales between $5.6 and $5.8 billion and adjusted EBITDA ranging from $785 to $830 million.

American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) is set to announce its first-quarter financial results on May 6, 2022, during a conference call at 10:00 a.m. ET. The results will be publicly available prior to market opening on the same day via their website. Participants can join the call by dialing the provided phone numbers. A replay of the call will be available shortly after its conclusion until May 13, 2022. AAM is a leading Tier 1 automotive supplier focusing on driveline and metal forming technologies for various vehicle types.