American Axle & Manufacturing ( (AXL) ) has released its Q4 earnings. Here is a breakdown of the information American Axle & Manufacturing presented to its investors.
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American Axle & Manufacturing Holdings, Inc. (AAM) is a leading global Tier 1 automotive and mobility supplier based in Detroit, specializing in designing, engineering, and manufacturing driveline and metal forming technologies for electric, hybrid, and internal combustion vehicles.
In its latest earnings report, AAM announced solid growth in adjusted EBITDA for the full year 2024, despite a slight decrease in sales during the fourth quarter. The company reported strong operational performance and is focused on optimizing its core business while preparing for a strategic combination with the Dowlais Group.
Key financial metrics for AAM in 2024 included sales of $6.12 billion, a net income of $35 million, and an adjusted EBITDA of $749.2 million, reflecting a notable improvement from a net loss in the previous year. The company’s adjusted free cash flow was reported at $230.3 million for the year. Despite a net loss in the fourth quarter, the company showed an improvement from the same period in 2023 with adjusted EBITDA steady at 11.6% of sales.
Looking ahead to 2025, AAM is targeting sales between $5.8 billion and $6.05 billion and expects adjusted EBITDA to range from $700 million to $760 million. The company plans to maintain a focus on its core operations and anticipates completing the sale of its commercial vehicle axle business in India by mid-2025.
AAM’s management remains optimistic about the company’s future, emphasizing ongoing operational improvements and strategic initiatives aimed at enhancing long-term growth and sustainability in the evolving automotive sector.
