EXHIBIT 99.1 IMMEDIATE RELEASE AAM Reports Third Quarter 2024 Financial Results AAM Delivers Positive Year-Over-Year Performance DETROIT, November 8, 2024 -- 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 billion • Net income of $10.0 million, or 0.7% of sales • Adjusted EBITDA of $174.4 million, or 11.6% of sales • Diluted earnings per share of $0.08; Adjusted earnings per share of ...

American Axle & Manufacturing (AXL) closed the last trading session at $6.11, gaining 0.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $7.75 indicates a 26.8% upside potential. The mean estimate comprises eight short-term price targets with a standard deviation of $1.58. While the lowest estimate of $6 indicates a 1.8% decline from the current price level, the most optimistic a ...

American Axle & Manufacturing (AXL) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. 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 might help the stock move higher if these key numbers are better than expectations. On the other hand, if ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering American Axle & Manufacturing (AXL) , which belongs to the Zacks Automotive - Original Equipment industry.This maker of auto parts has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 895%.For the last reported quarter, American Axle came out with earnings ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 22:American Axle & Manufacturing Holdings, Inc. (AXL) : This automotive technology company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.6% the last 60 days.This Zacks Rank #1 company has a dividend yield of 8.1%, compared with the industry average of 4.5%.Qifu Technology, Inc. (QFIN) : This credit-tech platform provider has witnessed the Zacks Consensus Estim ...

Shares of American Axle & Manufacturing Holdings (AXL) have risen 2% since it reported second-quarter 2024 results. It reported adjusted earnings of 19 cents per share, which surpassed the Zacks Consensus Estimate of 10 cents. The company reported earnings per share of 12 cents in the year-ago quarter.The company generated quarterly revenues of $1.63 billion, outpacing the Zacks Consensus Estimate of $1.56 billion. Revenues increased 3.9% on a year-over-year basis.Segmental PerformanceIn the reported quarte ...

Have you evaluated the performance of American Axle & Manufacturing's (AXL) international operations during the quarter that concluded in June 2024? Considering the extensive worldwide presence of this maker of auto parts, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-bein ...

® Second Quarter 2024 Earnings Call BRINGING THE FUTURE Forward-Looking Statements 2 In this presentation, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results. The terms such as "will," "may," "could," "would," ...

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q2 2024 Earnings Call August 9, 2024 10:00 AM ET Company Participants David Lim - Head, Investor Relations David Dauch - Chairman and Chief Executive Officer Chris May - Executive Vice President and Chief Financial Officer Conference Call Participants Joe Spak - UBS Tom Narayan - RBC Dan Levy - Barclays Itay Michaeli - Citi Jake Scholl - BNP John Murphy - Bank of America Operator Good morning. My name is Gary, and I will be your conference facilitator ...