American Axle & Manufacturing: 7.6% Yielding Long-Term Debt Attractive For Income Investors [Seeking Alpha]
American Axle & Manufacturing Holdings, Inc. (AXL)
Last american axle & manufacturing holdings, inc. earnings: 2/14 08:00 am
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US:NYSE Investor Relations:
aam.com
Company Research
Source: Seeking Alpha
Follow Play 6min Summary American Axle has shown solid financial results, increasing net sales by over $175 million and maintaining steady operating cash flow, despite industry pressures. The company is effectively managing its debt, using free cash flow to pay down foreign credit facilities and debt maturing in 2026. Risks include a potential drop in automotive demand, but AXL's expanding gross margin and debt reduction efforts provide a buffer against downturns. The decline in bond prices offers a great entry point for income investors, with the 2028 bonds providing a higher income yield, but 2029 bonds providing a higher yield to maturity. Monty Rakusen/DigitalVision via Getty Images Introduction American Axle & Manufacturing Holdings, Inc. ( NYSE: AXL ) is an automobile parts supplier that manufactures auto parts for a broad range of vehicle models within the automotive industry. Last year, I wrote about how the company's high-yield debt was an attractive hold
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News
- Why American Axle & Manufacturing (AXL) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- American Axle Q3 Earnings Beat Expectations, Guidance Revised [Yahoo! Finance]Yahoo! Finance
- American Axle & Mfg Holdings Inc (AXL) Q3 2024 Earnings Call Highlights: Strategic Wins ... [Yahoo! Finance]Yahoo! Finance
- American Axle & Manufacturing Holdings, Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- American Axle & Manufacturing (AXL) Beats Q3 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
AXL
Earnings
- 11/8/24 - Beat
AXL
Sec Filings
- 11/13/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/8/24 - Form 8-K
- AXL's page on the SEC website