Given low consumer confidence and weakness in the labor market, the markets are predicting rate cuts sooner than previously expected. The Federal Reserve officials, though, are still maintaining their stance that rates will remain high for a longer period. Amid such a macroeconomic backdrop, it becomes difficult to choose stocks independently and generate robust returns.For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out h ...

American Axle & Manufacturing (AXL) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this maker of auto parts reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong co ...

American Axle & Manufacturing Holdings (AXL) reported first-quarter 2024 adjusted earnings of 18 cents per share, which surpassed the Zacks Consensus Estimate of 1 cent. The company had incurred a loss per share of a penny in the year-ago quarter.The company generated quarterly revenues of $1.61 billion, outpacing the Zacks Consensus Estimate of $1.51 billion. Revenues increased 8% on a year-over-year basis.Segmental PerformanceIn the reported quarter, the Driveline segment recorded sales of $1.11 billion, ...

Have you looked into how American Axle & Manufacturing (AXL) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this maker of auto parts, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investo ...

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants David Lim - Head of IR David Dauch - Chairman and CEO Christopher May - EVP and CFO Conference Call Participants Joseph Spak - UBS Dan Levy - Barclays Federico Merendi - Bank of America Operator Good morning. My name is Jason, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the American Axle & Manufacturing First Quarter 2024 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 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: 1-14303 | --- | --- | --- | |-------------------------------------------------------------------------------|----- ...

EXHIBIT 99.1 IMMEDIATE RELEASE AAM Reports First Quarter 2024 Financial Results AAM Starts 2024 With Solid Performance DETROIT, May 3, 2024 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the first quarter 2024. First Quarter 2024 Results • Sales of $1.61 billion • Net income of $20.5 million, or 1.3% of sales • Adjusted EBITDA of $205.6 million, or 12.8% of sales • Diluted earnings per share of $0.17; Adjusted earnings per share of $0.18 • Net cas ...

AAM Starts 2024 With Solid Performance DETROIT, May 3, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the first quarter 2024.  First Quarter 2024 Results Sales of $1.61 billion Net income of $20.5 million, or 1.3% of sales Adjusted EBITDA of $205.6 million, or 12.8% of sales Diluted earnings per share of $0.17; Adjusted earnings per share of $0.18 Net cash provided by operating activities of $17.8 million; Adjusted free cash flo ...

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American Axle & Manufacturing (AXL) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 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, which is expected to be released on May 3, 2024, might help the stock move higher if these key numbers are b ...