AXL Stock Recent News

American Axle (AXL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

DETROIT , Sept. 5, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in Morgan Stanley's 12th Annual Laguna Conference on September 12.

American Axle (AXL) reports better-than-expected Q2 results and expects full-year 2024 revenues in the range of $6.10-$6.30 billion compared with the previous estimate of $6.05-$6.35 billion.

Evaluate American Axle's (AXL) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL ) Q2 2024 Earnings Call August 9, 2024 10:00 AM ET Company Participants David Lim - Head, Investor Relations David Dauch - Chairman and Chief Executive Officer Chris May - Executive Vice President and Chief Financial Officer Conference Call Participants Joe Spak - UBS Tom Narayan - RBC Dan Levy - Barclays Itay Michaeli - Citi Jake Scholl - BNP John Murphy - Bank of America Operator Good morning. My name is Gary, and I will be your conference facilitator today.

American Axle & Manufacturing (AXL) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.12 per share a year ago.

American Axle & Manufacturing Holdings Inc.'s stock AXL, +2.31% soared 8% early Friday, after the maker of auto driveline systems and components swept past estimates for the second quarter. Detroit-based American Axle had net income of $18.2 million, or 15 cents a share, for the quarter, up from $8.0 million, or 7 cents a share, in the year-earlier period.

AAM Delivers Another Solid Quarter DETROIT , Aug. 9, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the second quarter 2024.  Second Quarter  2024 Results Sales of $1.63 billion Net income of $18.2 million, or 1.1% of sales Adjusted EBITDA of $208.4 million, or 12.8% of sales Diluted earnings per share of $0.15; Adjusted earnings per share of $0.19 Net cash provided by operating activities of $142.8 million; Adjusted free cash flow of $97.9 million "AAM's solid second quarter results reflect positive contributions from volume and mix and continued operational performance," said AAM's Chairman and Chief Executive Officer, David C.

The Zacks Consensus Estimate for American Axle's (AXL) second-quarter earnings and revenues is pegged at 10 cents per share and $1.56 billion, respectively.

American Axle & Manufacturing is a value investing opportunity with potential for growth and cheap shares. Despite a recent decline in the price of shares, the company's financial results show positive revenue and profitability trends. High debt levels are a concern, but management's focus on debt reduction and positive cash flows make the company an attractive buy.