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. (AAM) (NYSE: AXL) is a global Tier 1 Automotive and Mobility Supplier that regularly issues news about its operations, strategy and financial performance. The company designs, engineers and manufactures Driveline and Metal Forming technologies for electric, hybrid and internal combustion vehicles, and is headquartered in Detroit, Michigan with nearly 75 facilities in 15 countries.
News coverage for AXL commonly includes quarterly and annual financial results, where AAM reports sales, net income, adjusted EBITDA, adjusted earnings per share, cash flow metrics and updated financial outlooks. These releases often explain the company’s use of non-GAAP measures such as Adjusted EBITDA and Adjusted free cash flow, and provide definitions and reconciliations.
AAM’s news flow also features capital markets and financing announcements, such as the pricing and issuance of senior secured notes due 2032 and senior unsecured notes due 2033 by its wholly owned subsidiary. These items describe how proceeds are expected to be used, including funding the pending business combination with Dowlais Group plc, repaying Dowlais’s existing credit facilities, funding change of control offers for certain Dowlais notes and redeeming or partially redeeming certain AAM notes.
Another key category of AXL news relates to the recommended cash and share combination with Dowlais Group plc. Joint announcements provide updates on regulatory clearances from competition authorities in multiple jurisdictions and outline the expected timing and conditions for closing the transaction.
Investors and analysts can also find event and conference participation updates, where AAM announces webcasts and fireside chats at conferences hosted by institutions such as J.P. Morgan, Barclays, UBS and Bank of America. These items typically include webcast details and reiterate the company’s positioning as a global Tier 1 supplier.
For anyone tracking AXL, this news stream offers insight into AAM’s financial performance, capital structure, strategic combination with Dowlais and ongoing engagement with the investment community.
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.
American Axle & Manufacturing (AXL) addressed recent media speculation about a potential sale, asserting that it is not engaged in discussions to sell the company. The company emphasized its commitment to its strategic plan while continuously assessing market conditions and opportunities that benefit its stakeholders. AAM's focus remains on manufacturing driveline and metal forming technologies for various vehicle types. The company expressed it would not provide further comments unless necessary.
American Axle & Manufacturing (AAM) has been selected as the new axle supplier for General Motors' next generation mid-size pickup trucks, including the Chevrolet Colorado and GMC Canyon, debuting in the 2023 model year. AAM will manufacture the axles at its Three Rivers Manufacturing Facility in Michigan. AAM's CEO, David C. Dauch, expressed enthusiasm about the partnership, highlighting the company's commitment to advancing vehicle technologies.
American Axle & Manufacturing Holdings, Inc. (AAM) (NYSE: AXL) will hold a conference call on November 4, 2022, at 10:00 a.m. ET to discuss its third-quarter financial results. A press release with the results will be issued before the market opens that day. Participants can join the call via telephone or through a live audio webcast available on AAM's investor website. The audio replay will be accessible for one week following the call. AAM designs and manufactures technologies for electric, hybrid, and internal combustion vehicles and operates nearly 85 facilities worldwide.
On September 19, 2022, American Axle & Manufacturing Holdings (NYSE: AXL) received three prestigious Automotive News PACE awards for its innovative electric drive technologies. The awards included a PACE Award for its P3 2-speed Electric Drive Technology, a PACE Innovation Partnership Award with Mercedes-AMG, and a PACEpilot Innovation to Watch accolade for the P4 Integrated 3-In-1 Wheel-End Electric Drive Unit. These honors reinforce AAM's leadership in electrification within the automotive industry, building upon prior recognitions for its electric innovations.
American Axle & Manufacturing Holdings (AXL) will participate in two major conferences: the RBC Capital Markets Global Industrials Conference on September 13 and Morgan Stanley's 10th Annual Laguna Conference on September 14. Management is expected to address significant industry trends, particularly production volatility. AAM will webcast its presentation at the Morgan Stanley conference on September 14 at 11:05 a.m. PT, accessible via the company's Investor Relations page.