American Axle & Manufacturing (AXL) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants David Lim - Head-Investor RelationsDavid Dauch - Chairman of Board & CEOChristopher May - Executive Vice President & CFOJoseph Spak - Managing Director Conference Call Participants Edison Yu - AnalystJustin Barell - Research AnalystTom Narayan - Lead Equity AnalystJames Picariello - Director & Sr. Automotive AnalystDan Levy - Senior Equity Research AnalystJohn Murphy - AnalystDouglas Karson - Financial An ...

American Axle & Manufacturing (AXL) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 350%. A quarter ago, it was expected that this maker of auto parts would post a loss of $0.08 per share when it actually produced a loss of $0.06, delivering a surprise of 25%.Over the last four quarte ...

American Axle & Manufacturing (AXL) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Speaker0 Good morning. My name is Gary, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the American Axle and Manufacturing First Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer period. As a reminder, today's call is being recorded. I would ...

Additional Information This presentation may be deemed to be solicitation material in respect of the Business Combination, including the issuance of AAM's shares of common stock in respect of the Business Combination. In connection with the foregoing proposed issuance of AAM's shares of common stock, AAM expects to file a proxy statement on Schedule 14A (together with any amendments and supplements thereto, the "Proxy Statement") with the SEC. To the extent the Business Combination is effected as a scheme o ...

Financial Performance - AAM's sales for Q1 2025 were $1.41 billion, down from $1.61 billion in Q1 2024, reflecting a decrease in overall volumes [4]. - Net income for Q1 2025 was $7.1 million, or 0.5% of sales, compared to $20.5 million, or 1.3% of sales in Q1 2024 [5]. - Adjusted EBITDA for Q1 2025 was $177.3 million, or 12.6% of sales, down from $205.6 million, or 12.8% of sales in Q1 2024 [6]. - Net sales for Q1 2025 were $1,411.3 million, a decrease of 12.1% compared to $1,606.9 million in Q1 2024 [28]. - Gross profit for Q1 2025 was $173.9 million, down from $198.5 million in Q1 2024, reflecting a gross margin of 12.3% [28]. - Operating income decreased to $42.7 million in Q1 2025 from $77.0 million in Q1 2024, representing a decline of 44.5% [28]. - Net income for Q1 2025 was $7.1 million, significantly lower than $20.5 million in Q1 2024, resulting in diluted earnings per share of $0.06 compared to $0.17 [28][36]. - Adjusted EBITDA for Q1 2025 was $177.3 million, down from $205.6 million in Q1 2024, indicating a decrease of 13.7% [34]. - Free cash flow for Q1 2025 was negative at $(12.8) million, an improvement from $(27.1) million in Q1 2024 [40]. Cash Flow and Outlook - AAM's net cash provided by operating activities for Q1 2025 was $55.9 million, significantly higher than $17.8 million in Q1 2024 [6]. - Adjusted free cash flow for Q1 2025 was $(3.9) million, an improvement from $(21.4) million in Q1 2024 [7]. - AAM's updated financial outlook for 2025 targets sales between $5.65 billion and $5.95 billion, down from a previous range of $5.8 billion to $6.05 billion [17]. - The company is targeting Adjusted EBITDA in the range of $665 million to $745 million for 2025, revised from $700 million to $760 million [17]. - AAM anticipates Adjusted free cash flow for 2025 to be between $165 million and $215 million, down from a prior target of $200 million to $230 million [17]. - Net cash provided by operating activities is estimated to be between $375 million and $425 million [45]. - Full year 2025 targeted Free Cash Flow is expected to be between $75 million and $125 million [45]. - Full year 2025 targeted Adjusted Free Cash Flow is anticipated to range from $165 million to $215 million [45]. Assets and Liabilities - Total assets increased to $5,139.4 million as of March 31, 2025, compared to $5,059.9 million at the end of 2024 [30]. - Total liabilities rose to $4,543.1 million as of March 31, 2025, up from $4,497.1 million at the end of 2024 [30]. Costs and Expenses - The company reported a restructuring and acquisition-related cost of $19.7 million in Q1 2025, compared to $2.5 million in Q1 2024 [28]. - Interest expense for the period is projected to be between $170 million and $180 million [45]. - Depreciation and amortization costs are expected to remain constant at $455 million [45]. - Restructuring-related costs are estimated at $25 million for the year [45]. - Dowlais acquisition-related costs are projected to be $65 million [45]. - Income tax expense is expected to be between $35 million and $50 million [45]. Production and Sales Segments - North American light vehicle production is estimated to be approximately 14.0 to 15.1 million units for 2025 [17]. - Segment sales for Driveline were $957.8 million in Q1 2025, down from $1,106.4 million in Q1 2024, while Metal Forming sales decreased to $575.8 million from $644.1 million [42].

Increased Year-Over-Year Operating Cash FlowDETROIT, May 2, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the first quarter 2025. First Quarter 2025 Results Sales of $1.41 billion Net income of $7.1 million, or 0.5% of sales Adjusted EBITDA of $177.3 million, or 12.6% of sales Diluted earnings per share of $0.06; Adjusted earnings per share of $0.09 Net cash provided by operating activities of $55.9 million; Adjusted free cash f ...

Key Information - The discloser is Man Group PLC, which has interests in relevant securities of American Axle & Manufacturing Holdings, Inc. and Dowlais Group plc [1][1][1] - The date of the position held is April 24, 2025 [1] Positions of the Discloser - Man Group PLC holds 855,942 shares of USD 0.01 common stock, representing 0.73% of the relevant securities [3] - The company has short positions in cash-settled derivatives amounting to 99,521, representing 0.08% [3] Dealings - Man Group PLC sold a total of 39,439 shares of USD 0.01 common stock at a price of 3.641 USD per unit on April 24, 2025 [7] Other Information - There are no indemnity or option arrangements related to the relevant securities [12] - There are no agreements or understandings regarding voting rights or future acquisition or disposal of relevant securities [14]

The market expects American Axle & Manufacturing (AXL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other ...

Group 1 - American Axle & Manufacturing Holdings, Inc. (AAM) will participate in the BofA Securities 2025 Global Automotive Summit on April 15, 2025 [1] - AAM's fireside chat presentation is scheduled to be webcast at 1:20 p.m. ET, with a replay available after the event [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] Group 2 - AAM is headquartered in Detroit, MI, and operates over 75 facilities across 16 countries [2] - The company aims to accelerate the future of automotive technology for a safer and more sustainable tomorrow [2]

Core Viewpoint - Arrow Exploration Corp. provides an operational update highlighting production growth, financial strength, and ongoing drilling activities in Colombia's Llanos Basin, particularly in the Carrizales Norte field [1][4][21]. Production - Total corporate production exceeds 4,500 barrels of oil equivalent per day (boe/d) net, with the original six horizontal wells at Carrizales Norte stabilizing in line with reservoir models [3][7]. - Significant additional production is anticipated before the end of Q2 2025, with planned development wells in the C7 and Ubaque reservoirs [4][21]. - The CN HZ10 well is currently producing 1,183 barrels of oil per day (BOPD) gross (591 BOPD net) with a decreasing water cut of 21% [12][21]. Financial Position - As of April 1, 2025, the company holds a cash balance of US$25.1 million and has no debt, providing a strong financial foundation [5][7]. - Corporate operating netbacks at a US$65 per barrel Brent oil price are US$39 per barrel, indicating robust profitability [5]. Drilling Operations - The company has drilled two production wells from the Carrizales Norte field, with the CN HZ9 well producing at a stabilized rate of 244 BOPD gross (122 BOPD net) despite a high water cut of 90% [9][10]. - The CN11 well is currently being drilled, targeting the C7 formation, with completion expected in two weeks [13][21]. - The East Tapir 3D seismic acquisition program has been completed ahead of schedule and under budget, enhancing the company's development prospects [18][21]. Future Outlook - The company is continuously reviewing its US$50 million budget and drilling schedule in light of current economic conditions and oil price volatility [16][21]. - Arrow's strong balance sheet allows for flexibility in operations and potential acquisition opportunities in a volatile market [17][21].