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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, Inc. (NYSE: AXL) reported third-quarter 2020 sales of $1.41 billion, down from $1.68 billion in Q3 2019, primarily due to COVID-19 impacts. Net income reached $117.2 million, or $0.99 per share, recovering from a net loss of $(124.2) million in Q3 2019. Adjusted EBITDA increased to $297.1 million, 21.0% of sales, up from 15.8% in the prior year. AAM projects full year 2020 sales of approximately $4.6 billion and Adjusted EBITDA between $665 - $680 million, despite challenges from the pandemic and operational disruptions.
American Axle & Manufacturing Holdings, Inc. (AXL) announced a conference call on October 30, 2020, at 10:00 a.m. ET to discuss its Q3 2020 financial results. A press release with the results will be issued prior to market opening that same day. Participants can join by phone or listen via a live audio webcast at investor.aam.com. A replay will be available until November 6, 2020. AAM is a leading global automotive supplier with approximately 20,000 associates across 80 facilities in 17 countries.
American Axle & Manufacturing Holdings (NYSE: AXL) will participate in the Morgan Stanley Laguna Virtual Conference on September 16 at 1:30 p.m. ET. AAM's presentation will be accessible via a live audio webcast on their Investor Relations page, with a replay available afterward. AAM, based in Detroit, operates approximately 80 facilities in 17 countries and focuses on delivering advanced driveline and metal forming technologies. More details can be found on their website.
American Axle & Manufacturing (AAM), trading under NYSE: AXL, will participate in the RBC Capital Markets Global Industrials Virtual Conference on September 15 at 2:20 p.m. ET. Interested investors can access a live audio webcast on AAM's Investor Relations page. AAM is a leading global automotive supplier headquartered in Detroit, employing approximately 20,000 associates across 80 facilities in 17 countries. The company specializes in innovative driveline and metal forming technologies for vehicles.
American Axle & Manufacturing (AXL) has unveiled a new Independent Rear Drive Axle (IRDA) designed for GM's full-size SUVs, including the 2021 Chevrolet Tahoe and Cadillac Escalade. This axle replaces the previous generation rear beam axle, featuring a lightweight aluminum carrier and a low-offset hypoid gearset for enhanced efficiency and reduced noise. The IRDA is available in 9.5-inch and 9.76-inch sizes, with a standard mechanical limited slip differential for improved traction and trailering performance of up to 8,400 pounds. AAM has been recognized as a GM Supplier of the Year for four consecutive years.
American Axle & Manufacturing (AAM), listed on NYSE as AXL, will participate in the virtual J.P. Morgan Auto Conference on August 12 at 9:20 a.m. ET. AAM's Chairman and CEO, David C. Dauch, will discuss recent business developments during the event. The audio webcast is accessible through AAM's Investor Relations page, with a replay available post-event. AAM is a leading global automotive supplier specializing in driveline and metal forming technologies, headquartered in Detroit with around 20,000 associates across 80 facilities in 17 countries.
American Axle & Manufacturing Holdings (AXL) reported Q2 2020 results, showing sales of $515.3 million, down from $1.7 billion in Q2 2019. The net loss was $(213.2 million), or $(1.88) per share, compared to a net income of $52.5 million a year ago. Adjusted EBITDA for the quarter was $(52.1 million), or (10.1)% of sales. The results were adversely affected by approximately $947 million due to COVID-19 production shutdowns. AAM withdrew its 2020 financial outlook due to ongoing economic uncertainty.
American Axle & Manufacturing (AXL) announced that its Electric Drive technology is now powering the all-electric Baojun E300 Plus minicar recently launched in China. The vehicle is equipped with a 40 kW Electric Drive Unit produced at Liuzhou AAM Automotive Driveline System Co., Ltd., located in Guangxi Province. This marks AAM's third Electric Drive program and its first in the compact passenger car segment. AAM's innovative electric propulsion solutions cater to various electric vehicle segments, affirming the company's commitment to support the growing global electric vehicle demand.
American Axle & Manufacturing (NYSE: AXL) will hold a conference call to discuss its second quarter 2020 financial results on July 31, 2020, at 10:00 a.m. ET. A press release with the financial details will be available before the market opens that day. Investors can join via phone or audio webcast, with a replay available for a limited time. AAM, headquartered in Detroit, is a leading global automotive supplier, focusing on advanced driveline and metal forming technologies.
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