American Axle & Manufacturing Holdings Inc
NYSE:AXL

  • LAST PRICE
    6.3100
  • TODAY'S CHANGE (%)
    0.0300 (0.4777%)
  • Bid / Lots
    6.1400/ 16
  • Ask / Lots
    6.7700/ 10
  • Open / Previous Close
    6.3200 / 6.2800
  • Day Range
    6.0550
    6.4100
  • 52 Week Range
    5.4300
    8.9950
  • Volume
    2,523,465

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  • Nov 11, 2024

  • Nov 8, 2024

      Show headlines and story abstract

    • 8:02AM ET on Friday Nov 08, 2024 by MT Newswires
      Companies Mentioned: AXL
      08:02 AM EST, 11/08/2024 (MT Newswires) -- ...

    • 8:02AM ET on Friday Nov 08, 2024 by MT Newswires
      Companies Mentioned: AXL
      08:02 AM EST, 11/08/2024 (MT Newswires) -- ...

    • 8:00AM ET on Friday Nov 08, 2024 by PR Newswire
      Companies Mentioned: AXL

      AAM Delivers Positive Year-Over-Year Performance

      American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the third quarter 2024.

      https://mma.prnewswire.com/media/526564/AAM_Logo.jpg

    • 8:00AM ET on Friday Nov 08, 2024 by Dow Jones
      Companies Mentioned: AXL
      costs 3.9 5.0 11.3 16.1 Insurance proceeds related to Malvern fire, net -- -- -- (7.0) Adjusted free cash flow $ 74.6 $ 135.8 $ 151.1 $ 214.5 =================== ================== ================== ================== Segment Financial Information Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 ------------------ ------------------ ------------------ ------------------ (in millions) Segment Sales Driveline $ 1,042.8 $ 1,061.2 $ 3,273.7 $ 3,161.5 Metal Forming 596.5 624.8 1,893.7 1,878.1 ------------------ ------------------ ------------------ ------------------ Total Sales 1,639.3 1,686.0 5,167.4 5,039.6 Intersegment Sales (134.4) (134.1) (423.3) (423.1) ------------------ ------------------ ------------------ ------------------ Net External Sales $ 1,504.9 $ 1,551.9 $ 4,744.1 $ 4,616.5 ================== ================== ================== ================== Segment Adjusted EBITDA(a) Driveline $ 135.7 $ 137.3 $ 444.9 $ 403.5 Metal Forming 38.7 19.5 143.5 120.3 ------------------ ------------------ ------------------ ------------------ Total Segment Adjusted EBITDA $ 174.4 $ 156.8 $ 588.4 $ 523.8 ================== ================== ================== ================== Full Year 2024 Financial Outlook The supplemental data presented below is a reconciliation of certain financial measures which is intended to facilitate analysis of American Axle & Manufacturing Holdings, Inc. business and operating performance. Adjusted EBITDA -------------------------------------------------- Low End High End ------------------------ ------------------------ (in millions) Net income $ 15 $ 35 Interest expense 190 190 Income tax expense 5 15 Depreciation and amortization 475 475 ------------------------ ------------------------ Full year 2024 targeted EBITDA 685 715 Restructuring and acquisition-related costs 15 15 Other, principally impairment charge 15 15 ------------------------ ------------------------ Full year 2024 targeted Adjusted EBITDA $ 715 $ 745 ======================== ======================== Adjusted Free Cash Flow ---------------------------------------------- Low End High End ----------------------- --------------------- (in millions) Net cash provided by operating activities $ 435 $ 455 Capital expenditures net of proceeds from the sale of property, plant and equipment and from government grants (250) (250) ----------------------- --------------------- Full year 2024 targeted Free Cash Flow 185 205 Cash payments for restructuring and acquisition-related costs 15 15 Full year 2024 targeted Adjusted Free Cash Flow $ 200 $ 220 ======================= =====================

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