Welcome to our dedicated page for American Axle & Manufacturing Holdings news (Ticker: AXL), a resource for investors and traders seeking the latest updates and insights on American Axle & Manufacturing Holdings stock.
American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) is a leading global Tier 1 automotive supplier headquartered in Detroit, specializing in the design, engineering, validation, and manufacturing of driveline and metal forming technologies. The company caters to a diverse range of vehicles, including light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles.
Established over two decades ago, AAM has built a trusted reputation for delivering efficient, powerful, and innovative solutions to automotive, commercial, and industrial markets worldwide. The company operates through two primary segments: Driveline and Metal Forming, with the Driveline segment generating the majority of its revenue.
AAM is at the forefront of the automotive industry's shift towards electrification, with technologies supporting electric, hybrid, and internal combustion vehicles. The company's recent achievements include the development of an Electric Beam Axle with High-speed Motor and Integrated Inverter Driveline Technology, which has earned it recognition as a finalist for the 2023 Automotive News PACEpilot Award.
With over 80 facilities in 18 countries, AAM continues to innovate and expand its product offerings to meet evolving industry demands. Its financial results for 2023 show a strong cash flow and a commitment to sustainable mobility solutions.
AAM's strategic initiatives and participation in numerous industry conferences highlight its dedication to staying ahead in the rapidly changing automotive landscape. The company's ongoing projects focus on enhancing performance, reducing emissions, and supporting the transition to electrification, ensuring a safer and more sustainable future.
American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the J.P. Morgan Auto Conference on August 12 at 1:20 p.m. ET. The CEO, David C. Dauch, will discuss recent business developments during the virtual event. Investors can access a live audio webcast through AAM's Investor Relations page with a replay available afterward. AAM is a global automotive supplier specializing in driveline and metal forming technologies, dedicated to delivering smarter and more efficient vehicles.
American Axle & Manufacturing Holdings, Inc. (AXL) reported its Q2 2021 results with sales of $1.28 billion, a significant increase from $0.52 billion in Q2 2020. The company achieved net income of $16 million or $0.13 per share, reversing a net loss of $(213.2 million) in the prior year. Adjusted EBITDA stood at $222.6 million, representing 17.3% of sales. AAM forecasts full-year sales between $5.3 - $5.5 billion and adjusted EBITDA between $875 - $925 million. Despite challenges like semiconductor shortages affecting sales by $162 million, AAM remains focused on strengthening its balance sheet and investing in electrification technology.
American Axle & Manufacturing Holdings (AXL) will hold a conference call to discuss its second quarter 2021 financial results on July 30, 2021, at 10:00 a.m. ET. Prior to the call, a press release detailing the financial results will be issued before the market opens. Investors can join the call by dialing (877) 883-0383 (U.S.) or (412) 902-6506 (international), using access code 2958235. A replay will be available post-call, and the audio will also be archived on AAM's website.
AAM is a leading global automotive supplier, emphasizing quality and technology in driveline and metal forming.
DETROIT, June 16, 2021 /PRNewswire/ -- American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the Deutsche Bank Global Auto Industry Conference on June 17, starting at 9:45 a.m. ET. David C. Dauch, Chairman and CEO, will discuss recent business developments.
A live audio webcast will be available on AAM's Investor Relations page, with a replay accessible post-event. AAM is a leading global automotive supplier focused on driveline and metal forming technologies. Visit aam.com for more information.
American Axle & Manufacturing (AAM) announced the passing of co-founder Mort Harris on May 7, 2021. AAM Chairman David C. Dauch expressed deep condolences, highlighting Harris's significant influence on the company's foundation. AAM was established in 1994 by Richard E. Dauch and Harris after acquiring the Final Drive and Forge business from GM. Today, AAM operates nearly 80 facilities globally with around 20,000 associates, focusing on quality and technology leadership as a top-tier automotive supplier.
American Axle & Manufacturing Holdings (AXL) reported Q1 2021 sales of $1.43 billion, up from $1.34 billion in Q1 2020. Net income reached $38.6 million or $0.33 per share, a significant turnaround from a net loss of $501.3 million in the previous year. Adjusted EBITDA was $262.9 million (18.4% of sales), despite a $64 million impact from semiconductor shortages. The company maintains its 2021 targets, projecting sales between $5.3 - $5.5 billion and adjusted EBITDA of $850 - $925 million.
FAQ
What is the current stock price of American Axle & Manufacturing Holdings (AXL)?
What is the market cap of American Axle & Manufacturing Holdings (AXL)?
What does American Axle & Manufacturing Holdings, Inc. specialize in?
Where is American Axle & Manufacturing Holdings, Inc. headquartered?
What are the main segments of AAM's business?
What recent achievement has AAM been recognized for?
How many facilities does AAM operate globally?
What types of vehicles does AAM support?
What is the focus of AAM's ongoing projects?
How has AAM performed financially in 2023?
What conferences has AAM recently participated in?
What future trends is AAM addressing?
