American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming products in the United States, Mexico, South America, China, other Asian countries, and Europe. The company's Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. Its Metal Forming segment provides axle and transmission shafts, ring and pinion gears, differential gears and assemblies, and connecting rods and variable valve timing products for original equipment manufacturers and tier 1 automotive suppliers. American Axle & Manufacturing Holdings, Inc. has technology development agreement with Suzhou Inovance Automotive Ltd. The company was founded in 1994 and is headquartered in Detroit, Michigan.
IPO Year:
Exchange: NYSE
Website: aam.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/10/2024 | $6.00 | Hold | Deutsche Bank |
| 2/28/2024 | $7.00 | Sell → Neutral | UBS |
| 1/17/2024 | $8.00 → $6.50 | Neutral → Sell | UBS |
| 11/28/2023 | $9.00 → $8.00 | Neutral → Underperform | BofA Securities |
| 9/13/2023 | $9.00 | Neutral | UBS |
| 2/15/2023 | $10.00 | Equal Weight | Barclays |
| 9/9/2022 | $16.00 → $13.00 | Buy → Neutral | BofA Securities |
| 8/18/2022 | Outperform → Peer Perform | Wolfe Research | |
| 4/11/2022 | $7.00 | Neutral | Exane BNP Paribas |
| 2/28/2022 | $8.00 → $16.00 | Underweight → Overweight | Morgan Stanley |
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Calgary, Alberta--(Newsfile Corp. - September 27, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV:AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce its AGM voting results.Report in Respect of Voting Results Pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure ObligationsThe following sets forth a brief description of each matter voted upon at the annual general meeting (the "Meeting") of the holders of common shares of Arrow held on September 25, 2024 and the outcome of the vote: Description of MatterOutcome of VoteVotes ForVotes Against or WithheldNumber of Directors
DEFA14A - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
DEFA14A - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
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DEFA14A - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
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8-K - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
Deutsche Bank resumed coverage of American Axle with a rating of Hold and set a new price target of $6.00
UBS upgraded American Axle from Sell to Neutral and set a new price target of $7.00
UBS downgraded American Axle from Neutral to Sell and set a new price target of $6.50 from $8.00 previously
BofA Securities downgraded American Axle from Neutral to Underperform and set a new price target of $8.00 from $9.00 previously
UBS initiated coverage of American Axle with a rating of Neutral and set a new price target of $9.00
Barclays initiated coverage of American Axle with a rating of Equal Weight and set a new price target of $10.00
BofA Securities downgraded American Axle from Buy to Neutral and set a new price target of $13.00 from $16.00 previously
Wolfe Research downgraded American Axle from Outperform to Peer Perform
Exane BNP Paribas initiated coverage of American Axle with a rating of Neutral and set a new price target of $7.00
Morgan Stanley upgraded American Axle from Underweight to Overweight and set a new price target of $16.00 from $8.00 previously
AAM Delivers Solid Full Year 2024 Adjusted EBITDA Growth DETROIT, Feb. 14, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Results Sales of $1.38 billionNet loss of $(13.7) million, or (1.0)% of salesAdjusted EBITDA of $160.8 million, or 11.6% of salesLoss per share of $(0.12); Adjusted loss per share of $(0.06)Net cash provided by operating activities of $151.2 million; Adjusted free cash flow of $79.2 millionFull Year 2024 Results Sales of
DETROIT, Jan. 31, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss fourth quarter and full year 2024 financial results and other related matters at 10:00 a.m. ET on Friday, February 14, 2025. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 0198702. To participate b
Creates leading global driveline and metal forming supplier with comprehensive product portfolio and diversified customer base Combination will have expanded and balanced geographic presence across multiple automotive segments supporting ICE, Hybrid and Electric powertrains; expected to generate annual revenues of approximately $12 billion on a non-adjusted combined basis Expected to deliver approximately $300 million annual run rate cost synergies and high earnings accretion in the first full year following the close of the transaction Strengthened cash flow profile and balance sheet to accelerate deleveraging and shareholder value creation DETROIT, Jan. 29, 2025 /PRNewswire/ -- American A
DETROIT, Jan. 2, 2025 /PRNewswire/ -- American Axle & Manufacturing (AAM), (NYSE:AXLE) will have its industry-leading technology on display for the third consecutive year at the 2025 Consumer Electronics Show, the world's most influential global tech event, held Jan. 7-10 in Las Vegas. This year, AAM will feature a variety of driveline and powertrain technologies that support electric, hybrid and internal combustion vehicles. AAM has been at the forefront of creating solutions for the industry's transition to electric mobility with a focus on driveline technology. Several AAM
DETROIT, Nov. 27, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will participate in the UBS Global Industrials and Transportation Conference on December 4. AAM is scheduled to webcast the presentation at 1:00 p.m. ET. The live audio webcast will be accessible through the Investor Relations page on AAM's website (www.aam.com). A replay of the webcast will be available following the event. About AAMAs a leading global Tier 1 Automotive and Mobility Supplier, AAM designs, engineers and manufactures Driveline and Metal Forming technologies to
DETROIT, Nov. 26, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will participate in Bank of America's Leveraged Finance Conference on December 3. AAM is scheduled to webcast the presentation at 8:50 a.m. ET. The live audio webcast will be accessible through the Investor Relations page on AAM's website (www.aam.com). A replay of the webcast will be available following the event. About AAMAs a leading global Tier 1 Automotive and Mobility Supplier, AAM designs, engineers and manufactures Driveline and Metal Forming technologies to support e
AAM Delivers Positive Year-Over-Year Performance DETROIT, Nov. 8, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the third quarter 2024. Third Quarter 2024 Results Sales of $1.50 billionNet income of $10.0 million, or 0.7% of salesAdjusted EBITDA of $174.4 million, or 11.6% of salesDiluted earnings per share of $0.08; Adjusted earnings per share of $0.20Net cash provided by operating activities of $143.6 million; Adjusted free cash flow of $74.6 million"AAM delivered solid third quarter financial pe
DETROIT, Oct. 25, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss third quarter financial results and other related matters at 10:00 a.m. ET on Friday, November 8, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 3156544. To participate by live audio webcast o
DETROIT, Oct. 17, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) announced today that it has entered into a definitive agreement to sell its commercial vehicle axle business and related assets in India (AAM India Manufacturing Corporation Pvt., Ltd. or AAMIMCPL), to Bharat Forge Limited (BFL), for a purchase price of $65 million, subject to certain customary adjustments at closing. The business being sold generated approximately $156 million of sales in the last twelve months ending June 30, 2024. BFL is the Pune-based flagship company of
Calgary, Alberta--(Newsfile Corp. - September 27, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV:AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce its AGM voting results.Report in Respect of Voting Results Pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure ObligationsThe following sets forth a brief description of each matter voted upon at the annual general meeting (the "Meeting") of the holders of common shares of Arrow held on September 25, 2024 and the outcome of the vote: Description of MatterOutcome of VoteVotes ForVotes Against or WithheldNumber of Directors
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AAM Delivers Solid Full Year 2024 Adjusted EBITDA Growth DETROIT, Feb. 14, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Results Sales of $1.38 billionNet loss of $(13.7) million, or (1.0)% of salesAdjusted EBITDA of $160.8 million, or 11.6% of salesLoss per share of $(0.12); Adjusted loss per share of $(0.06)Net cash provided by operating activities of $151.2 million; Adjusted free cash flow of $79.2 millionFull Year 2024 Results Sales of
DETROIT, Jan. 31, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss fourth quarter and full year 2024 financial results and other related matters at 10:00 a.m. ET on Friday, February 14, 2025. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 0198702. To participate b
Creates leading global driveline and metal forming supplier with comprehensive product portfolio and diversified customer base Combination will have expanded and balanced geographic presence across multiple automotive segments supporting ICE, Hybrid and Electric powertrains; expected to generate annual revenues of approximately $12 billion on a non-adjusted combined basis Expected to deliver approximately $300 million annual run rate cost synergies and high earnings accretion in the first full year following the close of the transaction Strengthened cash flow profile and balance sheet to accelerate deleveraging and shareholder value creation DETROIT, Jan. 29, 2025 /PRNewswire/ -- American A
AAM Delivers Positive Year-Over-Year Performance DETROIT, Nov. 8, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the third quarter 2024. Third Quarter 2024 Results Sales of $1.50 billionNet income of $10.0 million, or 0.7% of salesAdjusted EBITDA of $174.4 million, or 11.6% of salesDiluted earnings per share of $0.08; Adjusted earnings per share of $0.20Net cash provided by operating activities of $143.6 million; Adjusted free cash flow of $74.6 million"AAM delivered solid third quarter financial pe
DETROIT, Oct. 25, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss third quarter financial results and other related matters at 10:00 a.m. ET on Friday, November 8, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 3156544. To participate by live audio webcast o
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 billionNet income of $18.2 million, or 1.1% of salesAdjusted EBITDA of $208.4 million, or 12.8% of salesDiluted earnings per share of $0.15; Adjusted earnings per share of $0.19Net 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 contri
DETROIT, July 26, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss second quarter financial results and other related matters at 10:00 a.m. ET on Friday, August 9, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 5418526. To participate by live audio webcast o
AAM Starts 2024 With Solid Performance DETROIT, May 3, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the first quarter 2024. First Quarter 2024 Results Sales of $1.61 billionNet income of $20.5 million, or 1.3% of salesAdjusted EBITDA of $205.6 million, or 12.8% of salesDiluted earnings per share of $0.17; Adjusted earnings per share of $0.18Net cash provided by operating activities of $17.8 million; Adjusted free cash flow use of $(21.4) million"AAM is off to a good start in 2024, posting solid fi
DETROIT, April 19, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss first quarter financial results and other related matters at 10:00 a.m. ET on Friday, May 3, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 9770147. To participate by live audio webcast or li
AAM Delivers Sequential Margin Improvement DETROIT, Feb. 16, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the fourth quarter and full year 2023. Fourth Quarter 2023 Results Sales of $1.46 billionNet loss of $(19.1) million, or (1.3)% of salesAdjusted EBITDA of $169.5 million, or 11.6% of salesDiluted loss per share of $(0.16); Adjusted loss per share of $(0.09)Net cash provided by operating activities of $52.9 million; Adjusted free cash flow of $4.5 millionFull Year 2023 Results Sales of $6.08 bi