AA Mission Acquisition Corp.(AAM)
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AAM to Announce Third Quarter Financial Results on November 7
Prnewswire· 2025-10-24 12:00
Accessibility StatementSkip Navigation (877) 883-0383 from the United States (412) 902-6506 from outside the United States DETROIT, Oct. 24, 2025 /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 7, 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 particip ...
AAM Announces Pricing and Upsizing of Senior Secured Notes and Senior Unsecured Notes
Prnewswire· 2025-09-19 20:30
Group 1 - American Axle & Manufacturing Holdings, Inc. announced the pricing of its offering of $850 million of 6.375% senior secured notes due 2032 and $1.25 billion of 7.750% senior unsecured notes due 2033 [1]
AAM Announces Proposed Private Offering of Senior Secured Notes and Senior Unsecured Notes
Prnewswire· 2025-09-15 11:22
Group 1 - American Axle & Manufacturing Holdings, Inc. announced the intention to offer $843 million of senior secured notes due 2032 and $600 million of senior unsecured notes due 2033 [1] - The offering is subject to market and other conditions [1] - The notes are being issued by the company's wholly-owned subsidiary, American Axle & Manufacturing, Inc. [1]
AA Mission Acquisition Corp.(AAM) - 2025 Q2 - Quarterly Report
2025-08-08 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 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: 001-42196 AA Mission Acquisition Corp. (Exact name of registrant as specified i ...
AAM to Present at the J.P. Morgan 2025 Auto Conference on August 12
Prnewswire· 2025-08-08 16:00
Group 1 - American Axle & Manufacturing Holdings, Inc. (AAM) will participate in the J.P. Morgan 2025 Auto Conference on August 12, 2025, with a webcast scheduled for 10:20 a.m. ET [1] - AAM is a leading global Tier 1 Automotive and Mobility Supplier, focusing on Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles [2] - The company is headquartered in Detroit, MI, and operates over 75 facilities across 15 countries, emphasizing a commitment to a safer and more sustainable future [2]
AAM Names David B. Walker to Board of Directors
Prnewswire· 2025-08-08 12:30
Core Insights - American Axle & Manufacturing (AAM) has appointed David B. Walker to its Board of Directors, enhancing the board's expertise in financing, strategy, acquisitions, and investment opportunities [1][2]. Company Overview - AAM is a leading global Tier 1 Automotive and Mobility Supplier, specializing in designing, engineering, and manufacturing Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles [4]. - The company is headquartered in Detroit and operates over 75 facilities across 15 countries, focusing on creating a safer and more sustainable future [4]. Leadership Background - David B. Walker has 35 years of experience in advising global companies and recently served as Vice Chairman of Investment Banking at J.P. Morgan until June 2025 [2]. - His previous roles at J.P. Morgan included Head of the Automotive Group and Global Co-Head of the Diversified Industries Group, indicating a strong background in the automotive sector [2].
AAM Reports Second Quarter 2025 Financial Results
Prnewswire· 2025-08-08 12:00
Core Insights - American Axle & Manufacturing Holdings, Inc. (AAM) reported a year-over-year increase in Adjusted EBITDA margin for Q2 2025, attributed to productivity improvements and cost controls [2][4] - AAM's sales for Q2 2025 were $1.54 billion, a decrease from $1.63 billion in Q2 2024, primarily due to lower volume and mix [2][4] - The company is progressing towards a combination with Dowlais, having received approval from both sets of shareholders, which is expected to enhance its position as a global auto supplier [2][3] Financial Performance - AAM's net income for Q2 2025 was $39.3 million, or $0.32 per share, compared to $18.2 million, or $0.15 per share in Q2 2024, representing an increase in net income margin from 1.1% to 2.6% [3][4] - Adjusted EBITDA for Q2 2025 was $202.2 million, or 13.2% of sales, down from $208.4 million, or 12.8% of sales in Q2 2024 [4][29] - Net cash provided by operating activities decreased to $91.9 million in Q2 2025 from $142.8 million in Q2 2024, while Adjusted free cash flow also fell to $48.7 million from $97.9 million [4][33] Updated Financial Outlook - AAM has updated its full-year 2025 financial targets, now projecting sales between $5.75 billion and $5.95 billion, and Adjusted EBITDA between $695 million and $745 million [7][35] - The company anticipates Adjusted free cash flow to be in the range of $175 million to $215 million, assuming capital spending of approximately 5% of sales [7][35] - AAM's production estimates for North American light vehicles are approximately 14.6 to 15.1 million units for 2025 [7]
AAM to Announce Second Quarter Financial Results on August 8
Prnewswire· 2025-07-25 12:00
Group 1 - American Axle & Manufacturing Holdings, Inc. (AAM) will hold a conference call to discuss second quarter financial results on August 8, 2025 [1] - A press release with the financial results will be issued before the market opens on the same day [1] - The conference call can be accessed via phone or live audio webcast, with a replay available for a limited time [2] Group 2 - AAM is a leading global Tier 1 Automotive and Mobility Supplier, focusing on driveline and metal forming technologies for various vehicle types [3] - The company is headquartered in Detroit, MI, and operates over 75 facilities across 16 countries [3] - AAM aims to support the transition to electric, hybrid, and internal combustion vehicles for a safer and more sustainable future [3]
AuMEGA Metals Strengthens Board with Appointment of James Withall
Newsfile· 2025-07-16 10:00
Company Overview - AuMEGA Metals Ltd has appointed Mr. James Withall as a Non-Executive Director, effective August 1, 2025, marking him as the fourth Non-Executive Director of the company [1] - Mr. Withall has nearly thirty years of international experience in mining and exploration, previously serving as CEO of Rupert Resources, where he led the advancement of the Ikkari gold project [4][5] Leadership and Experience - The Chair of the Board, Justin Osborne, expressed enthusiasm for Mr. Withall's appointment, highlighting his diverse experience in the mining sector and his successful leadership at Rupert Resources, which achieved a market valuation nearing CAD $1 billion [2][3] - Mr. Withall emphasized his excitement about joining AuMEGA, noting the company's disciplined team and strategic decision-making that mirrors his previous experience [3] Strategic Positioning - AuMEGA is supported by significant backing from B2Gold and various major global funds, providing a strong and strategic ownership structure [4] - The company is focused on exploring its extensive land package along the Cape Ray Shear Zone, which is recognized as Newfoundland's largest identified gold structure, hosting Equinox Gold's Valentine Gold Project [6][7] Resource Potential - AuMEGA's Cape Ray Shear Zone contains a defined gold mineral resource of 6.1 million tonnes of ore with an average grade of 2.25 g/t, totaling 450,000 ounces of indicated resources, and 3.4 million tonnes of ore with an average grade of 1.44 g/t, totaling 160,000 ounces in inferred resources [8]
AAM Recognizes Top Suppliers with Awards
Prnewswire· 2025-06-18 17:30
Core Points - American Axle & Manufacturing Holdings, Inc. (AAM) recognized top suppliers during its annual Supplier Day event, awarding Supplier of the Year and Supplier Excellence Awards based on delivery, quality, launch performance, innovation, and sustainability [1][2][8] Supplier Awards - Baoding Dongli Machinery Co., Ltd. received the Supplier of the Year Award for Direct Material, recognized for providing 88 iron-casting, steel-forging, and aluminum parts to AAM's facilities in Europe and China, and establishing local warehouses [3] - Steel Dynamics Inc. – Engineered Bar Products Division was awarded the Supplier of the Year Award for Direct Material for supplying nearly 75,000 tons of steel with outstanding quality performance [4] - Okuma America Corporation was honored with the Supplier of the Year Award for Indirect Material for consistently delivering high-quality CNC machine tools that enhance AAM's manufacturing capabilities [5] Supplier Excellence Awards - A total of 13 suppliers received Supplier Excellence Awards for their performance in various categories, including delivery, quality, launch performance, innovation, and sustainability [6][8] - The suppliers recognized for their excellence include Mecanica Garcia Industrial, Warren Industries, Webco Industries, Inc., Bocar, Guangdong Hongteo Technology Co., Ltd., Tubos De Acero De Mexico S.A. (Tenaris), Johnson Electric Otomotiv Ürünleri Limited Şirketi, Wayne Manufacturing, Zouping Tiansheng Metal Technology Co., Ltd., Ansys, Apera AI, Neural Concept, and CEVA Logistics [7][8] Company Overview - AAM is a leading global Tier 1 automotive supplier specializing in driveline and metal forming technologies, supporting electric, hybrid, and internal combustion vehicles, with over 75 facilities in 16 countries [9]