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, 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.
American Axle & Manufacturing (AXL) is investing $15 million in Autotech Ventures, a Silicon Valley venture capital firm. This collaboration aims to advance AAM's mission of developing efficient electric drivelines. Autotech manages over $400 million and focuses on innovative solutions in ground transportation. AAM intends to leverage Autotech's portfolio to identify and partner with startups that specialize in electrification and other mobility initiatives, enhancing innovation in automotive technologies.
American Axle & Manufacturing (AAM) will hold a conference call on February 11, 2022, at 10:00 a.m. ET to discuss its fourth quarter and full-year financial results. A press release with results will be provided before the market opens that day. Participants can join by phone or through a live audio webcast, with a replay available after the call. AAM is a leading global tier 1 automotive supplier, specializing in advanced electric propulsion, driveline, and metal forming technologies and operates approximately 80 facilities in 17 countries.
REE Automotive (NASDAQ: REE) and American Axle & Manufacturing Holdings (NYSE: AXL) are set to host an in-person event at CES on January 5, 2022, at 12:15 p.m. PT. The focus will be on their collaboration in the growing electrification market, featuring AAM's advanced electric drive technology, which supports REE's modular EV platforms. This partnership aims to accelerate the deployment of innovative electric vehicles. A live video webcast will be available on both companies' investor relations websites.
American Axle & Manufacturing (AAM) (NYSE: AXL) will participate in the Credit Suisse Virtual Industrials Conference on December 1, presenting at 1:30 p.m. ET. AAM is a leading automotive supplier specializing in driveline and metal forming technologies, aiming to enhance vehicle efficiency and safety. A live audio webcast of the presentation will be available on AAM's Investor Relations page, with a replay accessible after the event. AAM operates globally with around 20,000 employees in 17 countries.
American Axle & Manufacturing (NYSE: AXL) will participate in the BofA Securities 2021 Leveraged Finance Virtual Conference on November 30, with a presentation scheduled for 11:15 a.m. ET. A live audio webcast will be available on AAM's Investor Relations page and a replay will follow. AAM, a leading global tier 1 automotive supplier, focuses on driveline and metal forming technologies, employing approximately 20,000 associates across 80 facilities in 17 countries. For further details, visit www.aam.com.
American Axle & Manufacturing (AAM) will present at the Barclays Global Automotive and Mobility Tech Conference on November 18 at 1:15 p.m. ET. This event will be held virtually, and a live audio webcast can be accessed through AAM's Investor Relations page. A replay will also be available post-event. AAM, known for designing and manufacturing driveline and metal forming technologies, employs around 20,000 associates globally. For more details, visit www.aam.com.
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