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

American Axle & Manufacturing (AAM) (NYSE: AXL) has announced its acquisition of Tekfor Group for an enterprise value of €125 million, enhancing its electrification product portfolio. This strategic move is expected to diversify AAM's customer base and geographic reach and aligns with its tactical mergers and acquisitions strategy. Tekfor, based in Germany, reported sales of approximately €285 million in 2021 and specializes in automotive fasteners and metal formed components for driveline and powertrain applications. The transaction is anticipated to close in Q2 2022, pending regulatory approvals.

American Axle & Manufacturing (AAM) will participate in Citi's 2022 Global Industrial Tech and Mobility Conference on February 24 at 1:00 p.m. ET. The event will be held virtually, and AAM's presentation will be accessible via a live audio webcast on the company's Investor Relations page. A replay will be available post-event. AAM, a leading Tier 1 automotive supplier, focuses on driveline and metal forming technologies for electric and internal combustion vehicles, with nearly 80 facilities across 17 countries.

On February 18, 2022, American Axle & Manufacturing (NYSE: AXL) announced its participation in the Wolfe Global Auto, Auto Tech, and Mobility Conference scheduled for February 23. AAM will present at 10:15 a.m. ET, and a live audio webcast will be available on the Investor Relations page of AAM's website. The company, a Tier 1 automotive supplier, focuses on driveline and metal forming technologies for electric and hybrid vehicles. A replay of the webcast will be accessible afterward.

American Axle & Manufacturing Holdings, Inc. (AXL) reported Q4 2021 sales of $1.24 billion, down from $1.44 billion in Q4 2020, leading to a net loss of $46.3 million. For full year 2021, sales increased to $5.16 billion from $4.71 billion, with a net income of $5.9 million. Adjusted EBITDA for Q4 was $164.6 million, down from $261.5 million YoY. For 2022, AAM targets sales of $5.6 to $5.9 billion and Adjusted EBITDA of $800 to $875 million, driven by increased R&D in electrification. AAM's new business backlog for 2022-2024 is estimated at $700 million, with a significant electrification focus.

On February 11, 2022, American Axle & Manufacturing (AXL) announced securing multiple next-generation full-size truck axle programs with global OEM customers. This includes previously awarded contracts from early 2021. The contracts are projected to generate over $10 billion in lifetime revenues from mid-decade to beyond 2030. CEO David C. Dauch emphasized the company's commitment to supporting its traditional axle business and its transition towards electrification.

American Axle & Manufacturing's Power Transfer Unit (PTU) has been integrated into the all-new 2022 Ford Maverick, which has just been awarded the 2022 North American Truck of the Year. AAM's PTU is designed for all-wheel-drive versions of the Maverick, improving vehicle efficiency while maintaining performance. The company's EcoTrac Disconnecting AWD technology is also featured in models like the Ford Edge and Lincoln Nautilus. AAM has supplied over three million disconnecting AWD units since its launch in 2013, promoting safer and more efficient vehicles.