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An announcement from American Axle ( (AXL) ) is now available.
American Axle & Manufacturing Holdings, Inc. (AAM) reported its financial results for the fourth quarter and full year 2024, showing a solid growth in Adjusted EBITDA driven largely by operational performance. The company experienced a net loss in the fourth quarter, but achieved a net income for the full year 2024, reflecting a shift from a previous net loss in 2023. AAM’s sales decreased in the fourth quarter compared to 2023, impacted by volume and mix, but sales for the full year 2024 increased slightly. Looking ahead to 2025, AAM aims to optimize its core business and complete its announced combination with the Dowlais Group, projecting sales between $5.8 to $6.05 billion and an Adjusted EBITDA of $700 to $760 million.
More about American Axle
As a leading global Tier 1 Automotive and Mobility Supplier, American Axle & Manufacturing Holdings, Inc. (AAM) designs, engineers, and manufactures driveline and metal forming technologies to support electric, hybrid, and internal combustion vehicles. Headquartered in Detroit, AAM operates over 75 facilities in 16 countries, focusing on creating a safer and more sustainable future.
YTD Price Performance: -17.53%
Average Trading Volume: 1,769,083
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $558.5M
Find detailed analytics on AXL stock on TipRanks’ Stock Analysis page.
