DETROIT, March 20, 2024 /PRNewswire/ -- American Axle & Manufacturing (NYSE: AXL) has named Aleksandra A. Miziolek to its Board of Directors. Aleksandra is the Retired Chief Transformational Officer, Cooper-Standard Holdings, Inc. "Aleks brings significant industry and executive experience to the AAM board, with a valuable perspective on international and strategic matters," said David C. Dauch, Chairman and CEO, AAM. "We welcome Aleks to AAM and look forward to working with her as we continue to leverage o ...

The hotter-than-expected inflation reading in January clearly shows that we are not out of the woods as far as inflation in the United States is concerned. The unfavorable inflation report casts doubt on the possibility of the Federal Reserve cutting interest rates even in May, let alone in March.By maintaining high interest rates, the Fed aims to slow down demand by making borrowing money more expensive. The hotter-than-expected inflation reading dented consumers’ confidence, leading to a widespread sellof ...

American Axle & Manufacturing Holdings (AXL) reported a loss of 9 cents per share in fourth-quarter 2023, narrower than the Zacks Consensus Estimate of a loss of 16 cents. The company had incurred a loss of 7 cents per share in the year-ago quarter.The company generated quarterly revenues of $1.46 billion, outpacing the Zacks Consensus Estimate of $1.45 billion. Revenues increased 5% on a year-over-year basis.Segmental PerformanceIn the reported quarter, the Driveline segment recorded sales of $1.02 billion ...

American Axle & Manufacturing (AXL) reported $1.46 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 5.1%. EPS of -$0.09 for the same period compares to -$0.07 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.45 billion, representing a surprise of +1.20%. The company delivered an EPS surprise of +43.75%, with the consensus EPS estimate being -$0.16.While investors closely watch year-over-year changes in headline numbers -- revenue ...

American Axle & Manufacturing (AXL) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.75%. A quarter ago, it was expected that this maker of auto parts would post a loss of $0.04 per share when it actually produced a loss of $0.11, delivering a surprise of -175%.Over the last four quarters, ...

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q4 2023 Earnings Conference Call February 16, 2024 10:00 AM ET Company Participants David Lim - Head of Investor Relations David Dauch - Chairman and Chief Executive Officer Christopher May - Executive Vice President and Chief Financial Officer Conference Call Participants Dan Levy - Barclays James Picariello - BNP Paribas John Murphy - Bank of America Winnie Dong - Deutsche Bank Joseph Spak - UBS Tom Narayan - RBC Capital Markets Operator Good morning ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-14303 AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- ...

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 billion Net loss of $(19.1) million, or (1.3)% of sales Adjusted EBITDA of $169.5 million, or 11.6% of sales Diluted loss per share of $(0.16); Adjusted loss per share of $(0.09) Net cash provided by operating activities of $52.9 million; Ad ...

Wall Street analysts expect American Axle & Manufacturing (AXL) to post quarterly loss of $0.16 per share in its upcoming report, which indicates a year-over-year decline of 128.6%. Revenues are expected to be $1.47 billion, up 5.6% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 20% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company ...

American Axle & Manufacturing (AXL) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 16, 2024, might help the stock move higher if these key numbe ...