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Stock impact report

American Axle & Mfg Holdings Inc (AXL) Q3 2024 Earnings Call Highlights: Strategic Wins ... [Yahoo! Finance]

American Axle & Manufacturing Holdings, Inc. (AXL) 
Last american axle & manufacturing holdings, inc. earnings: 2/14 08:00 am Check Earnings Report
US:NYSE Investor Relations: aam.com
Company Research Source: Yahoo! Finance
American Axle & Mfg Holdings Inc ( NYSE:AXL ) reported adjusted EBITA of $174 million, reflecting strong operational improvements and cost controls. The company secured new business wins, including an electric beam axle supply contract with a Chinese OEM and electric vehicle components for a European luxury OEM. Despite lower sales, American Axle & Mfg Holdings Inc ( NYSE:AXL ) achieved year-over-year margin expansion driven by productivity and operating efficiencies. The sale of the India commercial vehicle axle business for $65 million is expected to be margin and leverage favorable, providing additional financial flexibility. The company is well-positioned to support various propulsion needs, including ICE, hybrid, and electric vehicle platforms, reflecting a comprehensive product portfolio. Sales decreased to $1.5 billion from $1.55 billion in the same quarter last year, impacted by lower customer production volumes. North American industry production was down approxi Show less Read more
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