AA Mission Acquisition Corp.(AAM)

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AAM to Present at the UBS Global Industrials and Transportation Conference
Prnewswire· 2024-11-27 13:00
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, ...
AAM to Present at Bank of America's Leveraged Finance Conference
Prnewswire· 2024-11-26 13:00
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 ...
AA Mission Acquisition Corp.(AAM) - 2024 Q3 - Quarterly Report
2024-11-13 21:05
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 September 30, 2024 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 specif ...
AAM Reports Third Quarter 2024 Financial Results
Prnewswire· 2024-11-08 13:00
Financial Performance - Sales for Q3 2024 were $1.50 billion, a decrease from $1.55 billion in Q3 2023, primarily due to lower volumes on certain platforms [1] - Net income for Q3 2024 was $10.0 million, or $0.08 per share, compared to a net loss of $(17.4) million, or $(0.15) per share, in Q3 2023 [2] - Adjusted EBITDA for Q3 2024 was $174.4 million, or 11.6% of sales, up from $156.8 million, or 10.1% of sales, in Q3 2023 [3] - Adjusted earnings per share for Q3 2024 was $0.20, compared to an adjusted loss per share of $(0.11) in Q3 2023 [2] - Net cash provided by operating activities for Q3 2024 was $143.6 million, down from $178.3 million in Q3 2023 [3] - Adjusted free cash flow for Q3 2024 was $74.6 million, compared to $135.8 million in Q3 2023 [3] Full Year 2024 Financial Outlook - Full year 2024 sales are targeted in the range of $6.1 - $6.15 billion, slightly narrowed from the previous range of $6.1 - $6.3 billion [4] - Full year 2024 Adjusted EBITDA is targeted in the range of $715 - $745 million, compared to the previous range of $705 - $755 million [4] - Full year 2024 Adjusted free cash flow is targeted in the range of $200 - $220 million, compared to the previous range of $200 - $240 million [4] - Capital spending for 2024 is assumed to be approximately 4% of sales [4] Segment Performance - Driveline segment sales for Q3 2024 were $1,042.8 million, down from $1,061.2 million in Q3 2023 [23] - Metal Forming segment sales for Q3 2024 were $596.5 million, down from $624.8 million in Q3 2023 [23] - Driveline segment Adjusted EBITDA for Q3 2024 was $135.7 million, compared to $137.3 million in Q3 2023 [23] - Metal Forming segment Adjusted EBITDA for Q3 2024 was $38.7 million, up from $19.5 million in Q3 2023 [23] Non-GAAP Financial Measures - Adjusted EBITDA is defined as EBITDA excluding restructuring and acquisition-related costs, debt refinancing and redemption costs, gains or losses on equity securities, pension curtailment and settlement charges, impairment charges, and non-recurring items [10][11] - Adjusted earnings per share is defined as diluted earnings per share excluding the impact of restructuring and acquisition-related costs, debt refinancing and redemption costs, gains or losses on equity securities, pension curtailment and settlement charges, impairment charges, and non-recurring items, including the tax effect thereon [10] - Adjusted free cash flow is defined as free cash flow excluding the impact of cash payments for restructuring and acquisition-related costs and cash payments related to the Malvern fire, including payments for capital expenditures, net of recoveries [12]
AuMEGA Metals Closes the First Tranche of Private Placement Financing
Newsfile· 2024-11-04 11:00
AuMEGA Metals Closes the First Tranche of Private Placement FinancingNovember 04, 2024 6:00 AM EST | Source: AuMEGA Metals Ltd.Edmonton, Alberta--(Newsfile Corp. - November 4, 2024) - AuMEGA Metals Ltd (formerly Matador Mining Ltd) (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce the closing of the first tranche of the previously announced financing (the "Tranche One Placement"). Under the Tranche One Placement, the Company issued an aggregate of 131,152 ...